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Agenda Packet_2026-02-17
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Agenda Packet_2026-02-17
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2/11/2026 8:28:38 AM
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City Council
Date
2/17/2026
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Sale Land - Office No. 3 <br />Property Name Vacant Site Zoned CL <br />Address 2821 Bristol St <br />Costa Mesa, CA 92626 <br />County Orange <br />Govt./Tax ID 418-181-11 <br />Area Measurement(NRA) <br />Land Area Net 0.433 ac/ 18,881 sf <br />Land Area Gross 0.433 ac/ 18,881 sf <br />Site Development Status Finished <br />Utilities At Street <br />Maximum FAR N/A <br />Max Allow Bldg Units/Density N/A <br />Min Land Bldg Ratio N/A <br />Shape Rectangular <br />Primary Frontage N/A <br />Secondary Frontage N/A <br />Topography Generally Level <br />Flood Zone Class Zone X (Unshaded) <br />Flood Panel No./ Date 06059C0267J/ Dec 2009 <br />Zoning CL <br />Entitlement Status N/A <br />Proposed Use or Development Parking lot <br />Transaction Details <br />Type Sale Primary Verification Listing Broker, Public records, Grant <br />Deed <br />Interest Transferred Fee Simple Transaction Date 08/14/2024 <br />Condition of Sale Normal Recording Date 08/27/2024 <br />Recorded Buyer 2821 Bristol Site LLC Sale Price $1,100,000 <br />Buyer Type Private Investor Financing N/A <br />Recorded Seller GS BUILDING LP Cash Equivalent $1,100,000 <br />Marketing Time 2 Month(s)Capital Adjustment $0 <br />Listing Broker Matthew Wenzel, Marcus Millichap % Interest Purchased 100% <br />Doc #221121 Adjusted Price $1,100,000 <br />Adjusted Price / ac and <br />/ sf <br />$2,538,071 / $58.26 <br />Adjusted Price/ FAR N/A <br />Adjusted Price/ Unit N/A <br />Comments <br />A private individual sold this 0.43 acre lot to another private individual for $1,100,000 or $2,538,071.07 per acre. The property is zoned <br />Commercial Limited which allows for light industrial and commercial uses. The site a narrow rectangular shape with a width of 50 feet and a <br />depth of approximately 375 feet and is currently asphalt paved and utilized as a parking lot and the buyer does not currently have set plans for <br />development. The property was on the market for 76 days with an original asking price of $1,200,000. The buyer did not utilize financing for the <br />purchase. <br /> <br /> <br />City Council 17 – 50 2/17/2026
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