Coast Community College District Housing

QUICK FACTS

LOCATION: Costa Mesa, CA


OWNER: Coast Community College District


Coast Community College District Asset Analysis

Rivercrest Partners is supporting Coast Community College District (CCCD) through a comprehensive transformation of their 3.7-acre property adjacent to CCCD’s district offices in Costa Mesa, turning underutilized real estate into a strategic revenue engine that supports the district's educational mission.

This engagement centers on unlocking the full economic potential of CCCD's excess property holdings through sophisticated market analysis and strategic planning. Our team is conducting detailed site assessments and highest-and-best-use analysis while navigating zoning considerations with the City of Costa Mesa and the rapidly changing legislative environment in California to identify optimal development opportunities for both residential and commercial applications.

The project explores multiple pathways to maximize asset value, from traditional ground lease arrangements that provide predictable long-term revenue streams to innovative joint venture partnerships that allow the district to participate in project upside. We're also evaluating outright sale opportunities for immediate capital generation alongside development partnerships designed to create sustainable, long-term income.

Through comprehensive financial modeling and residual land value analysis, this strategic initiative will deliver CCCD a clear implementation roadmap with detailed financial projections and partnership recommendations. The outcome positions the district to make informed decisions that balance immediate financial needs with their broader long-term goals.