1711 Pomona Avenue
Costa Mesa, CA 92627
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- – on site
The 1711-1719 Pomona Avenue project offers a strategic development and investment opportunity in Costa Mesa, located at the corner of Pomona Avenue and 17th Street. With final tract map approval expected in 8–10 weeks and permit-ready status anticipated by April/May 2025, this site provides a clear and efficient path to construction. Positioned directly across from the 17 West live/work community, the project is in a rapidly developing corridor with increasing demand for well-designed residential units. This 8-unit townhome development features three-bedroom, 2.5-bath homes, each with private decks, dedicated office spaces, and premium garage configurations. Unit sizes range from 2,076 to 2,084 sq. ft., offering spacious and modern living environments tailored to today’s buyers. The financial outlook reflects solid revenue potential, with a projected total of approximately $14.92 million. Each unit is expected to sell for $1,865,000, averaging $897 per square foot, which aligns with the area's competitive pricing. Development costs are estimated at $11.47 million, including $3.83 million in direct construction costs, with an anticipated net profit of $3.45 million, resulting in a 30.1% margin over two years. Beyond strong financials, the location and market conditions enhance this investment’s appeal. The site is within walking distance to retail, dining, and professional services, with easy access to major transportation routes connecting Costa Mesa to key areas in Orange County and Los Angeles. With approvals progressing and a structured development timeline in place, 1711-1719 Pomona Avenue offers a well-positioned investment in a market with rising demand. Investors will benefit from an efficient project plan, strong buyer interest, and an opportunity for a well-timed exit.
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Last updated Mar 5, 2025
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MLS# OC25011715 —
This property is listed in more than one place. See it here.
The Building
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New Construction:No
Location
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Directions:Cross Streets of Pomona Avenue & West 17th Street
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Latitude:33.63673100
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Longitude:-117.92787300
The Property
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Property Type:Land
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Zoning:MG
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Lot Features:Level with Street
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Lot Size Area:0.4600
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Lot Size Acres:0.4600
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Lot Size SqFt:20037.60
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Lot Size Source:Assessor
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View:1
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View:Neighborhood
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:636.05
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Tax Tract:517
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Tax Lot:608
The Listing
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Special Listing Conditions:Standard
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Parcel Number:42408121
Utilities
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Water Source:Public
The Community
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Features:Curbs, Gutters, Sidewalks
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Association:No
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Senior Community:No
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Distance To Water Comments:On site
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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1/16/25
Jan 16, 2025
|
Listed / Active | CRMLS_CA | $5,900,000 |
