2230 Canyon Dr Costa Mesa, CA 92627
Westside Costa Mesa NeighborhoodEstimated payment $25,507/month
Highlights
- 0.34 Acre Lot
- No HOA
- Forced Air Heating System
- Victoria Elementary School Rated A-
- Laundry Room
- Level Lot
About This Home
2230 Canyon Drive is a 7-unit multifamily investment opportunity located in the highly desirable city of Costa Mesa, California. Built in 1990, the gated property consists entirely of spacious two-story, 2-bedroom/2.5-bath townhouse-style units, a rare and highly attractive offering in today’s rental market. Six units feature a front patio, back patio, and private balcony, while the rear unit offers a front patio and a large private backyard. Residents benefit from ample parking with eight garages and eight surface spaces, along with the convenience of laundry hookups in every unit. Five units have been thoughtfully renovated with modern finishes including shaker-style cabinetry, vinyl flooring, recessed lighting, and stainless-steel kitchen appliances. The property’s renovation program has proven effective, giving investors an opportunity to capture additional upside through continued upgrades, while current tenants already enjoy generous layouts and abundant private outdoor space that distinguish these units from competing rentals. 2230 Canyon Drive offers residents everyday convenience with walkable access to schools such as Victoria Elementary, Estancia High School, and the Waldorf School of Orange County. Nearby parks and open spaces include Talbert Regional Park, a 180-acre preserve with extensive bike and pedestrian trails, as well as Fairview Park and direct access to the Santa Ana River Trail and Banning Channel Bikeway. Within two miles of the property are Harbor Boulevard and Brookhurst Street, both of which offer an array of retail centers, restaurants, and daily conveniences. 2230 Canyon Drive represents a rare opportunity to acquire a well-maintained coastal Orange County multifamily asset with spacious townhouse layouts, ample outdoor space, in-unit laundry hookups, and clear upside through a proven renovation strategy. This property is well-positioned for investors seeking a high-quality asset with strong renter demand and long-term growth potential in one of Costa Mesa’s most desirable neighborhoods.
Listing Agent
Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 10/13/2025
Property Details
Home Type
- Apartment
Year Built
- Built in 1956
Lot Details
- 0.34 Acre Lot
- No Common Walls
- Level Lot
Parking
- 8 Open Parking Spaces
- 8 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 8,260 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Forced Air Heating System
Listing and Financial Details
- Tax Lot 127
- Tax Tract Number 653
- Assessor Parcel Number 42207205
- $4,095 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 7 Units
Building Details
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,935
- Gardener Expense $2,936
- Insurance Expense $5,250
- Maintenance Expense $7,000
- Trash Expense $2,935
- Water Sewer Expense $2,935
- New Taxes Expense $47,410
- Operating Expense $82,246
- Gross Income $276,600
- Net Operating Income $186,344
Map
Home Values in the Area
Average Home Value in this Area
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 | $17,918 | $1,370,485 | $649,885 | $720,600 |
| 2024 | $17,918 | $1,343,613 | $637,142 | $706,471 |
| 2023 | $17,225 | $1,317,268 | $624,649 | $692,619 |
| 2022 | $16,240 | $1,291,440 | $612,401 | $679,039 |
| 2021 | $15,424 | $1,266,118 | $600,393 | $665,725 |
| 2020 | $15,273 | $1,253,136 | $594,237 | $658,899 |
| 2019 | $14,995 | $1,228,565 | $582,585 | $645,980 |
| 2018 | $14,716 | $1,204,476 | $571,162 | $633,314 |
| 2017 | $14,470 | $1,180,859 | $559,962 | $620,897 |
| 2016 | $14,161 | $1,157,705 | $548,982 | $608,723 |
| 2015 | $14,015 | $1,140,316 | $540,736 | $599,580 |
| 2014 | $13,691 | $1,117,979 | $530,143 | $587,836 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/13/2025 10/13/25 | For Sale | $4,525,000 | -- | $548 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25238637
APN: 422-072-05
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