Seller's Agent in 2026
Melissa Wiesen
Serhant California, Inc
(949) 388-9853
43 Total Sales
117 Clearbrook Ln Costa Mesa, CA 92626
Costa Mesa Area
4
Beds
3
Baths
2,528
Sq Ft
7,841
Sq Ft Lot
Highlights
- No HOA
- 4 Car Garage
- Bike Trail
About This Home
As of February 2026See the property video for more information. Discover a rare triplex investment opportunity in Costa Mesa offering stable income, below-market rents, and long-term upside potential. Ideally located across from the OC Fairgrounds and Vanguard University, this property attracts consistent tenant demand year-round from students, professionals, and event traffic. The property features three well-maintained units—two 1-bedroom residences and one 2-bedroom, 1-bath home—each with its own private laundry, fenced outdoor area, and single-car garage. The 2-bedroom unit has been updated with modern finishes, while the other two offer immediate rental growth potential through light cosmetic improvements. Situated on a 7,841-square-foot lot with separate gas and electric meters, this triplex delivers low operating expenses and strong future returns. Current gross income is approximately $95,000 annually, with market rents projected to exceed $100,000+ based on nearby comparable properties. Perfect for investors seeking passive income in Orange County or those completing a 1031 Exchange, 117 Clearbrook Ln combines prime location, dependable tenants, and opportunity for value-add appreciation. Explore options for ADU conversion, or long-term hold in one of Costa Mesa’s most central neighborhoods—minutes from South Coast Plaza, John Wayne Airport, and Newport Beach.
Highlights:
Fully occupied triplex with strong tenant history
Two 1-bed units + one 2-bed unit with modern upgrades
Each unit includes private laundry & garage
Excellent 1031 Exchange replacement property
Near OC Fairgrounds, Vanguard University & 55 Freeway
Market rent growth + ADU potential for added income
Approx. 4+% Cap Rate | 2,528 SQFT
Last Agent to Sell the Property
Serhant California, Inc Brokerage Phone: 949-887-6644 License #01745112 Listed on: 10/21/2025
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 7,841 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
- Parking Available
Home Design
- Triplex
- Entry on the 1st floor
Interior Spaces
- 2,528 Sq Ft Home
- 2-Story Property
- Laundry Located Outside
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Additional Features
- Rain Gutters
- Urban Location
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 14
- Tax Tract Number 5617
- Assessor Parcel Number 41914119
Community Details
Overview
- No Home Owners Association
- 3 Units
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,500
- Trash Expense $600
- Water Sewer Expense $1,200
- Operating Expense $4,300
- Gross Income $94,632
- Net Operating Income $70,445
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 21, 2025
Closed on
Feb 5, 2026
Sold by
Bought by
Seller's Agent
Melissa Wiesen
Serhant California, Inc
Buyer's Agent
Afshin Jafari Mojarad
Afshin Jafari, Broker
List Price
$1,739,000
Sold Price
$1,650,000
Premium/Discount to List
-$89,000
-5.12%
Views
33
Purchase Details
Listed on
Aug 15, 2023
Closed on
Sep 11, 2023
Sold by
Bought by
Seller's Agent
Mark Jacques
Berkshire Hathaway HomeService
Buyer's Agent
Jon Pugh
eXp Realty of California
List Price
$1,579,000
Sold Price
$1,600,000
Premium/Discount to List
$21,000
1.33%
Views
49
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.34%
Original Mortgage
$1,109,000
Interest Rate
7.12%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 1, 2018
Closed on
Sep 18, 2018
Sold by
Bought by
Seller's Agent
Bob Walz
New Dimension Investment Prop
Buyer's Agent
Bob Walz
New Dimension Investment Prop
List Price
$1,125,000
Sold Price
$1,025,000
Premium/Discount to List
-$100,000
-8.89%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.26%
Purchase Details
Closed on
Feb 7, 2001
Sold by
Bought by
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,650,000 | First American Title | ||
| $1,600,000 | Wfg Title Company | ||
| $1,025,000 | Lawyers Title | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $1,109,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/11/2026 02/11/26 | Sold | $1,650,000 | -0.3% | $653 / Sq Ft | |
| 01/14/2026 01/14/26 | Price Changed | $1,655,000 | -1.2% | $655 / Sq Ft | |
| 01/06/2026 01/06/26 | Price Changed | $1,675,000 | -1.2% | $663 / Sq Ft | |
| 12/01/2025 12/01/25 | Price Changed | $1,695,000 | -2.5% | $670 / Sq Ft | |
| 10/21/2025 10/21/25 | For Sale | $1,739,000 | +8.7% | $688 / Sq Ft | |
| 10/23/2023 10/23/23 | Sold | $1,600,000 | +1.3% | $633 / Sq Ft | View Prior Sale |
| 09/05/2023 09/05/23 | Pending | -- | -- | -- | |
| 08/15/2023 08/15/23 | For Sale | $1,579,000 | +54.0% | $625 / Sq Ft | |
| 10/12/2018 10/12/18 | Sold | $1,025,000 | -4.7% | $403 / Sq Ft | View Prior Sale |
| 09/10/2018 09/10/18 | Price Changed | $1,075,000 | -4.4% | $423 / Sq Ft | |
| 09/01/2018 09/01/18 | For Sale | $1,125,000 | -- | $442 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $19,073 | $1,632,000 | $1,525,416 | $106,584 |
| 2024 | $19,073 | $1,600,000 | $1,495,505 | $104,495 |
| 2023 | $13,572 | $1,099,006 | $1,008,951 | $90,055 |
| 2022 | $13,190 | $1,077,457 | $989,167 | $88,290 |
| 2021 | $12,798 | $1,056,331 | $969,772 | $86,559 |
| 2020 | $12,633 | $1,045,500 | $959,828 | $85,672 |
| 2019 | $12,354 | $1,025,000 | $941,007 | $83,993 |
| 2018 | $3,613 | $197,045 | $131,616 | $65,429 |
| 2017 | $3,567 | $193,182 | $129,035 | $64,147 |
| 2016 | $3,509 | $189,395 | $126,505 | $62,890 |
| 2015 | $3,476 | $186,551 | $124,605 | $61,946 |
| 2014 | $3,412 | $182,897 | $122,164 | $60,733 |
Source: Public Records
Agents Affiliated with this Home
-
Melissa Wiesen
-
Afshin Jafari Mojarad
Buyer's Agent in 2026
Afshin Jafari Mojarad
Afshin Jafari, Broker
(949) 280-7868
15 Total Sales
-
Mark Jacques
Seller's Agent in 2023
Mark Jacques
Berkshire Hathaway HomeService
(949) 212-1956
2 Total Sales
-
Jon Pugh
Buyer's Agent in 2023
Jon Pugh
eXp Realty of California
(949) 423-6911
14 Total Sales
-
Bob Walz
Seller's Agent in 2018
Bob Walz
New Dimension Investment Prop
(714) 393-8060
9 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25244034
APN: 419-141-19
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. 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
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