1383 Baker St Costa Mesa, CA 92626
Estimated payment $9,930/month
About This Home
A well-maintained triplex located in the heart of Costa Mesa — one of Orange County's most supply-constrained and desirable coastal rental markets. Situated on a 6,500 SF lot just minutes from South Coast Plaza, Orange Coast College, and Pacific Coast Highway, this three-unit property represents a rare opportunity to acquire a stabilized income-producing asset in one of Southern California's most coveted submarkets. The property consists of two 2-bedroom/1-bath units and one spacious 2-bedroom/1.5-bath unit, totaling 2,785
rentable square feet across two stories. Currently operating at 100% occupancy with below-market rents, the asset presents meaningful upside potential as leases roll to market. Pro forma rents project a 4.22% cap rate with $1,305/month in uncaptured rental upside. The property features private garages, on-site parking, and mature landscaping providing strong curb appeal on one of Costa Mesa's most established streets.
Listing Agent
R L M Equities Brokerage Phone: 949-290-0199 License #01939764 Listed on: 04/13/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,764
Year Built
- Built in 1960
Lot Details
- 6,534 Sq Ft Lot
- 1 Common Wall
- Density is up to 1 Unit/Acre
Parking
- 3 Open Parking Spaces
- 3 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 2,785 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Tax Lot 4,5
- Tax Tract Number 63902
- Assessor Parcel Number 14119105
- $2,695 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $3,600
- Maintenance Expense $4,000
- Water Sewer Expense $3,234
- Operating Expense $30,281
- Gross Income $86,952
- Net Operating Income $54,062
Map
Tax History
| 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 | $6,537 | $391,762 | $271,992 | $119,770 |
| 2024 | $6,537 | $384,081 | $266,659 | $117,422 |
| 2023 | $6,196 | $376,550 | $261,430 | $115,120 |
| 2022 | $5,815 | $369,167 | $256,304 | $112,863 |
| 2021 | $5,492 | $361,929 | $251,279 | $110,650 |
| 2020 | $5,397 | $358,218 | $248,702 | $109,516 |
| 2019 | $5,270 | $351,195 | $243,826 | $107,369 |
| 2018 | $5,161 | $344,309 | $239,045 | $105,264 |
| 2017 | $5,087 | $337,558 | $234,358 | $103,200 |
| 2016 | $4,995 | $330,940 | $229,763 | $101,177 |
| 2015 | $4,948 | $325,969 | $226,311 | $99,658 |
| 2014 | $4,849 | $319,584 | $221,878 | $97,706 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/16/2026 05/16/26 | Price Changed | $1,600,000 | -1.2% | $575 / Sq Ft |
| 05/14/2026 05/14/26 | Price Changed | $1,620,000 | -3.3% | $582 / Sq Ft |
| 04/13/2026 04/13/26 | For Sale | $1,675,000 | -- | $601 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP26079066
APN: 141-191-05
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
- 3023 Royce Ln
- 1318 Watson Ave
- 2940 Peppertree Ln
- 1566 Corsica Place
- 1422 Deauville Place
- 1179 Dorset Ln
- 3132 Samoa Place
- 2712 Ashwood
- 3030 Samoa Place
- 3141 Barbados Place
- 2968 Ceylon Dr
- 1713 Oahu Place
- 1632 Iowa St Unit B
- 2937 Mendoza Dr
- 1067 Cheyenne St
- 3233 Michigan Ave
- 304 Hanover Dr
- 3024 Country Club Dr
- 3051 Madeira Ave
- 2566 Oxford Ln
- 2855 Pinecreek Dr
- 1298 Watson Ave
- 1300 Adams Ave
- 1250 Adams Ave
- 2910 Peppertree Ln
- 2700 Peterson Place
- 2775 Mesa Verde Dr E
- 2500 Merrimac Way
- 425 Merrimac Way
- 2869 Mendoza Dr Unit D
- 1111 S Coast Dr Unit J201
- 1142 Buckingham Dr
- 2932 Pemba Dr
- 1662 Iowa St
- 994 Valencia St Unit 108
- 994 Valencia St Unit 102
- 994 Valencia St Unit Valencia (994) #102
- 994 Valencia St Unit Valencia (994) #108
- 973 Mission Dr Unit 1
- 948 Denver Dr
Ask me questions while you tour the home.