2976 Royal Palm Dr Costa Mesa, CA 92626
Mesa Verde NeighborhoodEstimated payment $13,763/month
Highlights
- Property is near park and public transit
- Park
- Stacked Washer and Dryer
- California Elementary School Rated A
- 4 Car Garage
- Wall Furnace
About This Home
2976 Royal Palm Drive, Costa Mesa, CA 92626 presents a compelling investment opportunity in one of the area’s most desirable rental markets. This fully occupied 4-plex generates income from day one, with all four units currently rented and strong tenant demand supporting long-term stability. The property features four spacious 2-bedroom, 1-bath units, each with desirable amenities that help attract and retain quality tenants. Located in the highly sought-after Mesa Verde area, it offers the kind of location advantage that typically supports consistent occupancy and future rent growth. Priced at $2,150,000, this asset is well-positioned for investors seeking reliable cash flow, potential appreciation, and a strong long-term hold in a proven Costa Mesa neighborhood. With immediate rental income already in place, this is the type of property that can deliver both current returns and future upside.
Listing Agent
The L3 Brokerage Phone: 949-445-5562 License #01943839 Listed on: 07/15/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 7,405 Sq Ft Lot
- Two or More Common Walls
Parking
- 4 Car Garage
- 4 Open Parking Spaces
- Parking Available
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 7,405 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry in unit
- Stacked Washer and Dryer
Utilities
- Wall Furnace
- Natural Gas Connected
Additional Features
- Exterior Lighting
- Property is near park and public transit
Listing and Financial Details
- Tax Lot 29
- Tax Tract Number 2822
- Assessor Parcel Number 13920309
- $3,418 per year additional tax assessments
Community Details
Overview
- 4 Units
- Mesa Verde Residential Income Subdivision
Recreation
- Park
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Gross Income $111,900
- Net Operating Income $73,587
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 | $24,577 | $2,019,600 | $1,869,659 | $149,941 |
| 2024 | $4,373 | $113,480 | $37,478 | $76,002 |
| 2023 | $4,049 | $111,255 | $36,743 | $74,512 |
| 2022 | $3,677 | $109,074 | $36,023 | $73,051 |
| 2021 | $3,365 | $106,936 | $35,317 | $71,619 |
| 2020 | $3,276 | $105,840 | $34,955 | $70,885 |
| 2019 | $3,189 | $103,765 | $34,269 | $69,496 |
| 2018 | $3,120 | $101,731 | $33,597 | $68,134 |
| 2017 | $3,088 | $99,737 | $32,938 | $66,799 |
| 2016 | $3,049 | $97,782 | $32,292 | $65,490 |
| 2015 | $3,020 | $96,314 | $31,807 | $64,507 |
| 2014 | $2,973 | $94,428 | $31,184 | $63,244 |
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 |
|---|---|---|---|---|---|
| 07/15/2026 07/15/26 | For Sale | $2,150,000 | +8.9% | $290 / Sq Ft | |
| 11/07/2025 11/07/25 | Sold | $1,975,000 | -1.0% | $556 / Sq Ft | View Prior Sale |
| 10/14/2025 10/14/25 | For Sale | $1,995,000 | +0.8% | $562 / Sq Ft | |
| 05/20/2024 05/20/24 | Sold | $1,980,000 | -0.8% | $269 / Sq Ft | View Prior Sale |
| 04/28/2024 04/28/24 | Pending | -- | -- | -- | |
| 04/24/2024 04/24/24 | Price Changed | $1,995,000 | -2.9% | $271 / Sq Ft | |
| 04/07/2024 04/07/24 | For Sale | $2,055,000 | -- | $280 / 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 |
|---|---|---|---|
| Grant Deed | $1,975,000 | First American Title Company | |
| Grant Deed | $1,980,000 | Lawyers Title Company | |
| Quit Claim Deed | -- | -- | |
| Interfamily Deed Transfer | -- | Lawyers Title |
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 |
|---|---|---|---|
| Previous Owner | $1,500,000 | New Conventional | |
| Previous Owner | $320,000 | New Conventional | |
| Previous Owner | $208,200 | Purchase Money Mortgage | |
| Previous Owner | $220,000 | Unknown |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC26152871
APN: 139-203-09
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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