2900 Bristol St, Units A201 & A202, Costa Mesa, CA 92626

OFFICE CONDO NEAR JOHN WAYNE AIRPORT
2900 Bristol St, Units A201 & A202, Costa Mesa, CA 92626

Investment Highlights

Braun International is pleased to present this 2 unit office/medical condominium. Within walking distance to The Camp and The Lab shopping centers, minutes to John Wayne Airport, and directly adjacent to the 55 and 73 freeway intersection.

Highlights

Incredible opportunity to own and occupy a turn-key office/medical condo with dual entry, and within walking distance to endless dining, shopping, and transportation.
Restaurants and amenities are extremely close by.
Two adjoining office/medical condominiums comprising located on the second floor of building A.
Built in 1982, in “The Waters at Creekside” with high-end finishes, multiple private offices, dual entry, overlooking the courtyard.
Approx. 2,206 SF – buyer to verify.
Current tenant is Rice Chiropractic lease expires 10-31-2027
Current lease rate – $4,500 per month plus HOA fees
Effective May 1, 2023, Tenant’s Base Year for Real Estate Taxes shall be 2023/24. Tenant shall pay Landlord any increases on property taxes over and above its established Base Year.
Parking is free.
HOA fees include water, ground maintenance, parking lot, elevators, roof, painting and building structure.

Layout

Each condominium has it’s own access from the exterior walkway.
There is access inside both condominiums to each other.
Unit 201 has a bathroom with 4 suites and a reception area, Unit 202 has 5 suites without a bathroom.
There are short-term leases in place in both condominiums, which may be extended for 5 years with an additional option (per the tenants communication).
Opportunity to lease out two condominium with their own exterior entrances, providing income to offset ownership costs.

Condition

The property is in true turn-key condition.
The roof is maintained by the association, while the HVAC systems are in good working order under a current maintenance plan.
Two HVAC units have been replaced during the current ownership.

Benefits Of Depreciation

A cost segregation study can reclassify an estimated 10–30% of the basis into short-life assets eligible for 100% bonus depreciation, made permanent under the One Big Beautiful Bill Act for property acquired and placed in service after January 19, 2025. This allows an owner to immediately expense those components in year one, often generating substantial federal tax savings and stronger early cash flow. Buyers should consult their tax advisor.
For example, if 20% of the purchase price qualifies for 100% bonus depreciation, a 37% federal tax rate could generate approximately $175,000 in first-year tax savings. Combined with a 10% SBA down payment of $235,000, the net first-year cash outlay would be only about $222,000.
*This example is for informational purposes only and may not reflect your specific situation. Tax laws and regulations are subject to change. Please consult a qualified tax professional, CPA, or tax attorney to determine how these concepts apply to your circumstances.