This single-story retail property offers 9,500 square feet of leasable space on a 16,480 square foot lot with prominent frontage along a main thoroughfare in Costa Mesa, California. Strategically located just 1.3 miles from Newport Beach and its iconic pier, the property sits within an Opportunity Zone, providing potential tax advantages. It has been leased to the same anchor tenant, New York Hardware, Inc., since acquisition—a specialty retailer offering decorative cabinet, bath, and plumbing hardware. In 2024, the property generated $107,000 in income under a modified gross lease at $9,000 per month. The area surrounding the property has undergone substantial development, including the 17 West live/work community, signaling a strong trend toward revitalization and increased property values. Costa Mesa’s Mixed-Use Overlay District is accelerating the transformation of older industrial and commercial spaces into vibrant, mixed-use environments blending residential, retail, and public amenities. Acquired in 2015, the property was originally intended for redevelopment. The Borrower—an experienced Southern California developer with a portfolio of similar projects—plans to either redevelop or sell if the right offer emerges. They currently hold $1,067,314 in equity, with a first deed of trust at 7.11% interest (First Choice Bank) maturing September 2028 and a $1,132,685.40 balance. The current financing request is for cash-out to acquire a multifamily project in Chicago for $6 million, with plans to refinance via a construction loan or pay off the debt through another project sale before maturity. The Borrower is a repeat SO-CAL client, a California LLC led by a principal with a strong personal balance sheet and deep roots in the Orange County real estate market. Renowned for both custom home building and commercial redevelopment, the Borrower is well-positioned to maximize this asset’s potential in a high-growth market.