- Status:
- Active
- Prop. Type:
- Residential Income
- MLS® Num:
- OC25221298
- Year Built:
- 1964
- Photos (38)
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Offered at $3,385,000, this 6-unit multifamily property in Costa Mesa provides a
strong turn-key opportunity in a supply-constrained market. Originally constructed
in 1964 as a 4-plex, the building was expanded in the past year with the addition of
two brand-new ADUs completed in 2025. The property now totals 5,267 SF and has been extensively
renovated with over $750,000 in recent improvements, including modern unit
interiors and durable finishes.
The unit mix includes studio, one-, two-, and three-bedroom layouts, designed to capture a
wide range of tenant demand. With current rents already strong and additional
upside available, investors can benefit from both immediate income and long-term
appreciation.
Located near South Coast Plaza, The Camp, and major transportation corridors, the
property combines stable tenant demand with proven rental performance, making for
a strategic investment in a highly sought-after Orange County submarket.
- Home Style:
- Modern
- Property Sub Type:
- Mixed Use
- Property Attached:
- Yes
- Lot Area:
- 6,719 sq. ft.
- Bathrooms:
- - (Full:-, Half:-)
- Year built:
- 1964 (Age: 61)
- General Listing Location:
- Costa Mesa, C1 - Mesa Verde
- County Or Parish:
- Orange
- Tenant Pays:
- Electricity, Gas
- Common Interest:
- None
- Gross Income:
- $0
- Gross Scheduled Income:
- $207,300
- Net Operating Income:
- $144,252
- Cap Rate %:
- 4.26
- Rent Control:
- No
- Total Actual Rent:
- $17,125
- Association Fee:
- $0
- Land Lease:
- No
- Gardener expense:
- 2400.0
- Insurance Expense:
- $4,000
- Maintenance Expense:
- $6,034
- Taxes expense:
- 35617.0
- Operating Expense:
- $56,883
- Other Expense:
- $3,266
- Professional Management Expense:
- $0
- Trash Expense:
- $0
- Water and Sewer Expense:
- $5,566
- Vacancy Allowance:
- $6,165
- Tax Lot:
- 48
- Tax Tract:
- 5011
- Adams and Fairview
- Floor
- Type
- Size
- Other
- -
- Living Room
- Measurements not available
- -
- -
- Kitchen
- Measurements not available
- -
- View:
- Neighborhood
- Appliances:
- Convection Oven, Dishwasher, Disposal, Microwave
- Accessibility Features:
- None
- Number of Buildings:
- 2
- # of Electric Meters:
- 6
- # of Gas Meters:
- 6
- # of Water Meters:
- 1
- # Units Leased:
- 6
- Community Features:
- Biking, Golf, Park
- Senior Community:
- No
- Interior Features:
- Granite Counters
- Exterior Features:
- Lighting, Rain Gutters
- Laundry Features:
- Common Area, Inside, Outside
- Door Features:
- Double Door Entry
- Window Features:
- Blinds, Screens
- Pool Features:
- None
- Private Pool:
- No
- Spa Features:
- None
- Lot Features:
- 21-25 Units/Acre, Rectangular Lot
- Fireplace Features:
- None
- Subdivision Name:
- Mesa Del Mar
- Levels:
- Two
- Num Stories:
- 2
- Entry Level:
- 1
- Entry Location:
- Street
- Construction Materials:
- Frame, Glass
- New Constr.:
- No
- Flooring:
- Vinyl
- Foundation:
- Slab
- Roof:
- Shingle
- Common Walls:
- 2+ Common Walls
- # Units:
- 6
- Property Condition:
- Turnkey
- Heating:
- Central, Ductless
- Fireplace:
- No
- Cooling:
- Dual, Wall/Window Unit(s)
- Utilities:
- Electricity Connected, Natural Gas Connected, Water Connected
- Electricity:
- 220 Volts in Kitchen, 220 Volts in Laundry
- Fencing:
- Block, Privacy
- Water supply:
- Public
- Sewer:
- Public Sewer
- Spa:
- No
- Road Frontage Type:
- City Street
- Road Surface Type:
- Paved
- Garage Spaces:
- 4
- Uncovered Spaces:
- 0
- Carport Spaces:
- 0
- Total Parking Spaces:
- 4
- Parking Features:
- Assigned, Door-Single, Garage, Garage Faces Rear
- Special Listing Conditions:
- Standard
- Parcel Number:
- 14166431
- Zoning:
- R-3
-
Photo 1 of 38 -
Photo 2 of 38
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Unit 101 - 3 Bedroom ADU
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Unit 101 - 3 Bedroom ADU
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Unit 101 - 3 Bedroom ADU
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Unit 101 - 3 Bedroom ADU
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Photo 7 of 38
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Photo 8 of 38
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Unit 104 - 2 Bedroom Townhome
-
Unit 102 - 3 Bedroom
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Photo 11 of 38
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On-Site Laundry Unit
-
Unit 102 - 3 Bedroom
-
Unit 101 - 3 Bedroom ADU Exterior
-
Unit 101 - 3 Bedroom ADU
-
Unit 101 - 3 Bedroom ADU
-
Unit 101 - 3 Bedroom ADU
-
Unit 102 - 3 Bedroom
-
Unit 104 - 2 Bedroom Townhome
-
Unit 101 - 3 Bedroom ADU
-
Photo 21 of 38
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Photo 22 of 38
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Photo 23 of 38
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Photo 24 of 38
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Photo 25 of 38
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Photo 26 of 38
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Photo 27 of 38
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Photo 28 of 38
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Unit 104 - 2 bedroom Townhome
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Unit 104 - 2 Bedroom Townhome
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Unit 2 104 - 2 Bedroom Townhome
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Unit 204 - Studio
-
Unit 204 - Studio
-
Unit 102 - 3 Bedroom
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Unit 204 - Studio
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Unit 204 - Studio
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Unit 204 - Studio
-
Unit 102 - 3 Bedroom
Listed by Seven Gables Real Estate and Uncharted
Data was last updated October 13, 2025 at 08:40 PM (UTC)
- ALI GOVAHI
- SEVEN GABLES REAL ESTATE
- 1 (714) 2644151
- Contact by Email
Based on information from California Regional Multiple Listing Service, Inc. as of October 13, 2025 at 08:40 PM (UTC) and/or other sources.
All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS.
All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Seven Gables Real Estate
Office Address:
12651 Newport Ave.
Tustin, CA, 92780