About this home

Fully occupied triplex in central Costa Mesa offering in-place income with roughly 18% rental upside. The property consists of two 2-bed/1-bath units and one 2-bed/1.5-bath two-story townhouse, totaling approx. 2,785 SF on a 6,500 SF lot. Current rents are below market, giving an investor a clear path to increase income as units turn. No utility bill-back program is currently in place, providing an immediate opportunity to implement RUBS. Low operating expenses help preserve cash flow as rents move to market. Garage parking on site. Ideally located near Baker St. retail, TeWinkle Park, South Coast Plaza, Orange Coast College, and quick access to the 405 and 55 freeways.

Facts and features

Schools

• Killybrooke Elementary School

  elementary · K-6 · 0.4 mi

  7

• Costa Mesa High School

  middle · 7-12 · 0.8 mi

  5

• Montessori Harbor Mesa Elementary School

  elementary · K-6 · 0.3 mi

• International Christian Montessori Academy Of Costa Mesa

  elementary · PK-6 · 0.4 mi

• International Christian Montessori Academy

  elementary · PK-6 · 0.4 mi

• Montessori Christian School

  elementary · PK-6 · 0.4 mi

Price history

• Oct 30, 2026 · Price Changed$1,550,000
• Oct 5, 2026 · Listed$1,575,000
• Jul 22, 2026 · Listing Removed—
• May 16, 2026 · Price Changed$1,600,000
• May 14, 2026 · Price Changed$1,620,000
• Apr 13, 2026 · Listed$1,675,000
• Jan 8, 1999 · Sold$250,000
• Sep 1, 1988 · Sold$265,000

Tax history

• 2025$6,800 tax · $399,597 assessed
• 2024$6,536 tax · $391,762 assessed
• 2023$6,195 tax · $376,550 assessed
• 2022$5,815 tax · $369,167 assessed
• 2021$5,491 tax · $361,929 assessed
• 2020$5,396 tax · $358,218 assessed
• 2019$5,270 tax · $351,195 assessed
• 2018$5,160 tax · $344,309 assessed

Home value

$1,645,000

• Collateral Analytics$1,645,000
• Quantarium$1,291,436

Where it is