$8,350,000

184 E 21st St Costa Mesa, CA 92627

Eastside Costa Mesa Neighborhood

Estimated payment $52,446/month

Total Views 5,199
3 Beds
2 Baths
11,520 Sq Ft
$725 Price per Sq Ft

Highlights

  • 0.86 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • 1-Story Property
  • Heinz Kaiser Elementary School Rated A
  • Laundry Room

About This Home

First time on market in 37 years! 184 E 21st Street is a rare opportunity to acquire a 10-unit multifamily property in Eastside Costa Mesa, one of Orange County’s most sought-after submarkets.

This opportunity features (10) spacious 3-bed/2-bath units. Additionally, each unit comes with an attached 1-car garage and exterior on-site parking spaces, enhancing tenant demand and providing additional income potential.

Situated in Eastside Costa Mesa, residents enjoy quick access to Newport Beach, Hoag Hospital, a plethora of dining options, and Triangle Square, placing it at the heart of premier employment and lifestyle amenities. The area’s strong renter demand and limited new supply continue to drive consistent long-term growth. The property is also in very close proximity to the 55, 73, and 405 FWY allowing convenient transit for tenants.

There is an ability to further enhance yield with the implementation of a RUBS system to minimize the expense for water and trash. This combination of strong rent growth, long term appreciation, and a prime location makes 184 E 21st Street a standout investment in today’s Orange County multifamily market.

Listing Agent

Sean Toohey

Nara Advisors Brokerage Phone: 949-613-1674 License #02172754 Listed on: 10/14/2025

Co-Listing Agent

Christian Espinoza

Nara Advisors Brokerage Phone: 949-613-1674 License #02062988

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1961

Lot Details

  • 0.86 Acre Lot
  • No Common Walls

Parking

  • 7 Open Parking Spaces
  • 10 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 11,520 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tax Lot 252
  • Tax Tract Number 1
  • Assessor Parcel Number 42613122

Community Details

Overview

  • 5 Buildings
  • 10 Units

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 5 Separate Water Meters
  • Gardener Expense $2,400
  • Insurance Expense $14,400
  • Professional Management Expense $17,078
  • Trash Expense $5,652
  • Water Sewer Expense $5,652
  • Operating Expense $140,164
  • Gross Income $426,955
  • Net Operating Income $286,792

Property Details

Home Type

Apartment

Year Built

Built in 1961

Lot Details

0

Parking

10

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 17078.00
  • Property Attached: No
  • Subdivision Name Other: Newport Heights
  • Water Sewer Expenses: 5652.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 42613122
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 724.83

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 10.00
  • Total Parking Spaces: 17.00
  • Uncovered Spaces: 7.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 5652.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 37462.00
  • Lot Size Acres: 0.8600
  • Latitude Manual: 33.64729200

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Operating Income: 426955.00
  • Gross Scheduled Income: 440160.00
  • Insurance Expense: 14400.00
  • Lot Size Area: 37462.0000 Square Feet
  • Net Operating Income: 286792.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 5
  • Number Of Units Total: 10
  • Operating Expense: 140164.00
  • Rent Control: No
  • Total Expenses: 140164.00

Tax Info

  • Tax Lot: 252
  • Tax Tract Number: 01

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2025 10/14/25 For Sale $8,350,000 -- $725 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25239787

California Regional Multiple Listing Service (CRMLS)

APN: 426-131-22

California Orange County Costa Mesa 92627 Eastside Costa Mesa

184 E 21st St, Costa Mesa, CA

For Sale

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California Regional Multiple Listing Service (CRMLS) 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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Sean Toohey
Listing Agent
Sean Toohey
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Nara Advisors
(949) 776-0594