136 E Bay St Costa Mesa, CA 92627
Eastside Costa Mesa NeighborhoodEstimated payment $24,516/month
About This Home
Exceptional opportunity to acquire two adjacent fourplexes (136 & 132 E. Bay St.) being offered together as one premier 8-unit multifamily investment in the highly sought-after Eastside Costa Mesa market. Properties of this size and quality rarely become available in one of Orange County's most desirable rental locations. Together, the properties feature eight well-designed units consisting of four 2-bedroom, 1-bath residences and four comfortable 1-bedroom, 1-bath residences, offering an ideal mix that appeals to a broad tenant base. Each property provides a garage space, additional uncovered parking to be allocated, on-site laundry, the lower units feature outdoor living areas, creating a desirable living environment for residents while minimizing vacancy. The buildings are up to code and have verified SB721 inspection reports for the stairs and patios. Ideally located just minutes from Newport Beach, Triangle Square, the Back Bay, the 55 Freeway, John Wayne Airport, and the area's premier shopping, dining, and entertainment, the properties enjoy strong rental demand driven by their exceptional coastal location.
Whether you're seeking stable cash flow with long-term appreciation potential or an opportunity to enhance value through strategic renovations, rental increases and possible ADU additions above the garages this offering delivers exceptional flexibility. The combined eight-unit configuration provides operational efficiencies while maintaining the appeal of smaller residential properties.
Listing Agent
D E Properties Brokerage Phone: 714-609-6721 License #02010692 Listed on: 06/12/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1961
Lot Details
- 12,196 Sq Ft Lot
- No Common Walls
- No Landscaping
Parking
- 5 Open Parking Spaces
- 8 Car Garage
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 5,472 Sq Ft Home
- 2-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Additional Features
- Exterior Lighting
- Wall Furnace
Listing and Financial Details
- Tax Lot D
- Tax Tract Number 17998
- Assessor Parcel Number 42618203
- $1,985 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 8 Units
- Eastside Central Subdivision
Amenities
- Laundry Facilities
Building Details
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $840
- Insurance Expense $4,000
- Professional Management Expense $11,720
- Trash Expense $8,640
- Water Sewer Expense $10,800
- Operating Expense $36,000
- Gross Income $240,000
- Net Operating Income $204,000
Map
Home Values in the Area
Average Home Value in this Area
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 | $13,855 | $1,132,908 | $1,044,208 | $88,700 |
| 2024 | $13,551 | $1,110,695 | $1,023,734 | $86,961 |
| 2023 | $13,142 | $1,088,917 | $1,003,661 | $85,256 |
| 2022 | $12,668 | $1,067,566 | $983,981 | $83,585 |
| 2021 | $12,224 | $1,046,634 | $964,687 | $81,947 |
| 2020 | $12,107 | $1,035,903 | $954,796 | $81,107 |
| 2019 | $11,878 | $1,015,592 | $936,075 | $79,517 |
| 2018 | $11,652 | $995,679 | $917,721 | $77,958 |
| 2017 | $11,453 | $976,156 | $899,726 | $76,430 |
| 2016 | $11,205 | $957,016 | $882,084 | $74,932 |
| 2015 | $11,092 | $942,641 | $868,834 | $73,807 |
| 2014 | $10,834 | $924,176 | $851,814 | $72,362 |
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 |
|---|---|---|---|---|---|
| 06/12/2026 06/12/26 | For Sale | $4,300,000 | +367.4% | $786 / Sq Ft | |
| 12/07/2012 12/07/12 | Sold | $920,000 | -12.4% | $336 / Sq Ft | View Prior Sale |
| 11/12/2012 11/12/12 | Pending | -- | -- | -- | |
| 09/07/2012 09/07/12 | For Sale | $1,050,000 | -- | $384 / Sq Ft |
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $920,000 | Fidelity National Title | |
| Grant Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | Calcounties Title Nation | |
| Grant Deed | $880,000 | Calcounties Title Nation | |
| Interfamily Deed Transfer | -- | Investors Title Company | |
| Grant Deed | $845,000 | Investors Title Company | |
| Interfamily Deed Transfer | -- | -- |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $690,000 | New Conventional | |
| Previous Owner | $615,000 | New Conventional | |
| Previous Owner | $632,000 | New Conventional | |
| Previous Owner | $630,000 | Unknown | |
| Previous Owner | $504,850 | Purchase Money Mortgage |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP26128800
APN: 426-182-03
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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