SB 1211 for 8-unit apartment in Costa Mesa

In Costa Mesa, a 8-unit 8-unit apartment just became one of the highest-yield SB 1211 typologies — 10 new homes, ministerially approved. At Costa Mesa's median rent of $2,700/mo, that's ~$324K in additional gross annual rent.

10new homes possible
8detached ADUs
2interior conversions
$324Kest. annual rent

The Costa Mesa scenario

The capital stack on a typical Costa Mesa 8-unit apartment project: existing equity (the lot itself, owned outright in many cases), construction loan against the new ADU appraised value, refi at completion against the stabilized rent roll.

Costa Mesa-specific note: OC infill market.

Mid-size multifamily (5–8 unit) design playbook

This is SB 1211's sweet spot. A 8-unit existing building maxes out the 8-detached cap (or comes close), so design moves are about packing detached ADUs efficiently around the existing structure and converting underutilized parking.

Pro-forma snapshot

Existing units8
Detached ADUs (SB 1211)8
Interior conversions2
Total new units10
Median 1BR rent in Costa Mesa$2,700/mo
Est. additional gross rent$324K/yr
Estimated total project cost~$2,464K
Year-1 NOI estimate~$243K
Stabilized cap rate at cost9.9%
Replacement parking requiredNo (§66313)
Approval pathwayMinisterial · §66314
Typical permit timeline in Costa Mesa75-120 days

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Other property types in Costa Mesa

Duplex in Costa Mesaup to 3 new homesTriplex in Costa Mesaup to 4 new homesFourplex / 4-unit in Costa Mesaup to 5 new homes5-unit apartment in Costa Mesaup to 6 new homes6-unit apartment in Costa Mesaup to 7 new homes10-unit apartment in Costa Mesaup to 10 new homes12-unit apartment in Costa Mesaup to 11 new homes16-unit apartment in Costa Mesaup to 12 new homes20-unit apartment in Costa Mesaup to 13 new homes24-unit apartment in Costa Mesaup to 14 new homes32-unit apartment in Costa Mesaup to 16 new homes

8-unit apartment owners in other Orange County cities

8-unit apartment in Anaheim~$288K/yr rent · 75-115 days8-unit apartment in Irvine~$348K/yr rent · 75-120 days8-unit apartment in Huntington Beach~$324K/yr rent · 75-120 days8-unit apartment in Santa Ana~$288K/yr rent · 70-115 days8-unit apartment in Fullerton~$300K/yr rent · 75-120 days8-unit apartment in Orange~$300K/yr rent · 75-120 days8-unit apartment in Garden Grove~$288K/yr rent · 75-120 days8-unit apartment in Westminster~$288K/yr rent · 75-120 days

Topics relevant to this scenario

SB 1211 pro-forma walkthroughConverting surface parking under SB 1211Short-term rentals and SB 1211ADU design under SB 1211SB 1211 in the coastal zoneSB 1211 and affordable housingSelling SB 1211 ADUs separatelySB 1211 in historic districts