About this home

Excellent opportunity to acquire a well-located four-unit investment property in the heart of Costa Mesa, offering an attractive combination of strong in-place rental income and meaningful future upside. With rents currently below projected market levels, the property provides an investor with the opportunity to increase income over time while benefiting from four established rental income streams. The desirable unit mix consists of one three-bedroom residence and three two-bedroom residences, providing larger and more versatile floor plans than many typical apartment investments. This mix appeals to a broad tenant base, including professionals, couples, families and those seeking additional space for a home office. Tenants pay their own gas and electricity, helping reduce the owner's exposure to rising utility costs. The property's central Costa Mesa location is a significant advantage. Residents enjoy convenient access to South Coast Plaza, South Coast Metro, Orange Coast College and John Wayne Airport, along with the employment, shopping, dining and entertainment opportunities found throughout Costa Mesa and neighboring Irvine. Newport Beach and Huntington Beach are also just minutes away, providing easy access to some of Orange County's most desirable coastal communities. Excellent freeway accessibility via the 405, 55 and 73 makes the property convenient for tenants working throughout Orange County. Costa Mesa's combination of employment, entertainment, shopping, education and proximity to the coast continues to make it a highly desirable rental market. For an investor seeking a smaller multifamily property with existing cash flow, multiple income streams and the potential for future rental growth, this property offers a compelling opportunity in one of Orange County's most desirable and centrally located communities.

Facts and features

Schools

• Charles W. Tewinkle Middle School

  middle · 7-8 · 0.8 mi

  5

• California Elementary School

  elementary · K-6 · 0.9 mi

  10

• Estancia High School

  high · 9-12 · 1.4 mi

  6

• Kline School

  elementary · K-8 · 0.2 mi

• The Childs-Pace Foundation Inc.

  elementary · PK-6 · 0.4 mi

• Montessori Harbor Mesa Elementary School

  elementary · K-6 · 0.4 mi

Price history

• Aug 28, 2026 · Listed$1,999,900

Tax history

• 2025$3,470 tax · $144,738 assessed
• 2024$3,326 tax · $141,900 assessed
• 2023$3,155 tax · $136,391 assessed
• 2022$2,844 tax · $133,717 assessed
• 2021$2,589 tax · $131,096 assessed
• 2020$2,564 tax · $129,752 assessed
• 2019$2,536 tax · $127,208 assessed
• 2018$2,497 tax · $124,714 assessed

Home value

$1,980,000

• Collateral Analytics$1,980,000

Where it is