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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$3,199,000

Est. payment - /mo

0.27 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Eastside Heights (Ehcm)

MLS Listing ID PW26165836

HOA Y/N No

Year Built 1927

Lot Size 0.265 Acres

Property Sub-Type Quadruplex

Property Description

Exceptional four-unit investment opportunity on an expansive 11,000+ square foot lot in one of Costa Mesa's most desirable rental markets. Fully occupied and generating immediate cash flow, this rare offering combines stable income, significant value-add potential, and exceptional long-term appreciation. All four units are currently leased, providing strong in-place income, with two recently renovated units and a long-term tenant contributing to stable occupancy. Investors can enjoy dependable cash flow today while benefiting from future rental growth as units turn over.
Beyond its current income, the property's greatest asset is its oversized 11,000+ square foot lot and eight detached garages, creating exciting possibilities for ADU conversions or other future development opportunities (buyer to verify with the City of Costa Mesa). Whether your investment strategy is to maximize rental income, add value through future improvements, or capitalize on the property's redevelopment potential, this unique asset offers flexibility rarely found in coastal Orange County.
Ideally located just minutes from Orange Coast College, Newport Beach, John Wayne Airport, Kaiser Permanente, the popular 17th Street dining and shopping district, Triangle Square, and the 55, 73, and 405 Freeways, the property enjoys exceptional convenience and consistently strong tenant demand.
Investment opportunities offering this combination of immediate cash flow, an oversized lot, eight garages with potential ADU opportunities, and a premier Costa Mesa location are exceptionally rare. Whether you're expanding your portfolio or securing a legacy investment with multiple paths for future growth, this property delivers the income, location, and upside today's investors are seeking.

Location

State CA

County Orange

Area C5 - East Costa Mesa

Rooms

Other Rooms Shed(s)

Interior

Fireplace No

Laundry Inside, Outside

Exterior

Parking Features Assigned

Pool None

Community Features Biking, Curbs, Dog Park, Golf, Street Lights, Sidewalks

Total Parking Spaces 8

Private Pool No

Building

Story 2

Sewer Public Sewer

Water Public

Additional Building Shed(s)

New Construction No

Others

Senior Community No

Tax ID 43920133

Energy Description 300.0

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

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Listed by Mario Mitchell Keller Williams Coastal Prop. mariomitchell@kw.com, DRE #01940870

NEARBY SCHOOL & BUSINESS

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2653 Santa Ana Costa Mesa, CA 92627