Costa Mesa

$925,000 sale

2512 Santa Ana #9

Costa Mesa, CA 92627

AREA SQFT

1,308

BEDROOMS

BATHROOMS

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$2,199,999 sale

3133 Coral

Costa Mesa, CA 92626

AREA SQFT

4,023

BEDROOMS

BATHROOMS

View Property RARE INVESTMENT PROPERTY INDEED!!! Or, Great for owner Occupant. Remodeled Single story Duplex. Built in 1970 with a completely separate Two Story 4 Bedroom House added at the rear of the lot. The Two Story House, built in 1996 is 1,730 Sq. Ft. and has a 2-car garage. The Duplex has a total of 2,293 Sq. Ft. The total Square footage for the Duplex + House is 4,023 Sq. Ft. Each unit in the Duplex has Central Heat. 2br unit has 1.5 bath. The Duplex has been beautifully remodeled in the last year or so with new windows kitchens, Baths and new flooring. The Roofs on the duplex and House were replaced in 2017. This property is in the highly desirable and popular "SPICE STREET TRACT" of 4-Plexes in Costa Mesa. Walk 1 block to nearby park within the tract. Tenants have their own washer and dryer hook-ups. Extremely large 13,292 Square Foot Lot which allowed for the addition of the 2 story 4br - 2ba separate House built to the rear of the duplex in 1996. This is truly a very Unique opportunity to purchase an exceptional 3 unit investment property with huge income potential. Market rents could generate $124,800 in gross income per year which is more than most of the 4-plexes in the tract. Lease on the 4br currently at $3,376 ends on September 30, 2025 and can then be raised to $3,675 within the boundaries of CA rent control assuming the cost of living index remains at 3.9%. There is one 2-car garage, one single garage plus 9 open parking spaces, all on concrete, which includes one space in front of each garage. The trash expense is included in the special assessments portion of the property tax bill. Also, it has separate water heaters for each unit. Long term tenants in both duplex units and all 3 rents can be increased on Oct. 1, 2025. There is still the possibility to build an ADU or to add onto the Duplex and/or the House Buyer (to confirm). Lots of opportunity to increase income. Additionally, there is no messy alley to contend with. All parking is on beautiful concrete (no asphalt with pothole issues). The location in the tract couldn't be better. Walk 1 block to park inside the tract. SUPER QUIET AREA. Also, there are no tenants above or below another tenant. You will look for a very long time to find another 3 unit property with the amenities of this one. Hurry on this one to allow yourself the opportunity to own an investment property of this caliper and one that you will want to own for a very long time!!!

$2,700,000 sale

1600 Aliso

Costa Mesa, CA 92627

AREA SQFT

2,039

BEDROOMS

BATHROOMS

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$1,980,000 sale

2750 San Carlos

Costa Mesa, CA 92626

AREA SQFT

2,193

BEDROOMS

BATHROOMS

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$3,950 rental

1741 Tustin

Costa Mesa, CA 92627

AREA SQFT

1,044

BEDROOMS

BATHROOMS

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$949,900 sale

Costa Mesa, CA 92627

AREA SQFT

BEDROOMS

BATHROOMS

View Property Don't miss this rare opportunity to own a Pride Covington Triplex in a prime Costa Mesa location, offering excellent income potential with long-term, reliable tenants already in place. This property is perfect for savvy investors looking for a turnkey rental with steady cash flow and major capital improvements already completed. The triplex comprises three spacious units, each thoughtfully designed for comfort and functionality. Property features a brand new high-quality flat roof (2024), recently replaced with a $34,000 roofing system, including an engineered roofing plan and city permit. The roof comes with a 25+ year guarantee, providing long-term durability and peace of mind. Each unit features a recently replaced furnace, ensuring efficient heating and added value for tenants. Unit #1 has a completely remodeled kitchen with modern finishes and updated appliances. All units have new toilets and vanity sinks, enhancing comfort and functionality. Select rooms across all three units have updated flooring, creating a refreshed and inviting atmosphere with aesthetics and livability. This property also has ample parking which includes a 4-car garage plus 6 additional off-street parking spaces, offering convenience and value for tenants. The property reflects pride of ownership with thoughtful upgrades and ongoing care. Investments highlights includes: All units are fully occupied by excellent long-term tenants, providing steady and dependable rental income. Located in the highly desirable city of Costa Mesa—just minutes from the beach, shopping centers, dining, and major freeways—making it a top choice for renters. With most systems recently upgraded, this property is a low-maintenance, high-return investment. Also, all units are currently under rented, providing significant upside potential for increased rental income over time. The property has very low vacancy rate due to the fact that it is located in a highly sought-after rental area and is consistently in high demand. With Costa Mesa's strong rental market and the property's proven track record of occupancy, this triplex represents a great investment with significant income potential. Whether you're a seasoned investor or exploring your first multi-family property, this offering aligns with strategic investment goals. Don't miss out on this rare chance to acquire a high-performing asset in one of Costa Mesa's sought-after communities.

$709,999 sale