$3,295,000

Estimated payment $20,713/month

Total Views 1,397
2 Beds
2 Baths
6,895 Sq Ft
$478 Price per Sq Ft

About This Home

We are pleased to present a turn key 6-unit asset located in the heart of Costa Mesa. This property consists of six fully renovated, 2 bed/1.5 bath townhome-style units - each spanning over 1100 sq. ft, and upgraded to deliver a high-end living experience. The property features significant interior and exterior improvements, including in-unit washer/dryers, stainless steel appliances, central A/C, and spacious private patios — all of which contribute to a condo-quality environment that attracts and retains quality tenants. Over a 5% cap rate on current rents, this asset offers investors the opportunity to generate strong, passive income with minimal operational burden, while benefiting from premium amenities and long-term stability in a sought-after Orange County submarket.

Listing Agent

Chris Keramati

Triqor Group Brokerage Email: chris@triqorgroup.com License #01702116 Listed on: 10/15/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.27 Acre Lot
  • Two or More Common Walls
  • Irregular Lot

Parking

  • 4 Open Parking Spaces
  • 6 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 6,895 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 4281
  • Assessor Parcel Number 14113423
  • $2,399 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Operating Expense $61,071
  • Gross Income $233,615
  • Net Operating Income $172,544

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

6

Listing Details

  • Property Attached: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 14113423
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 477.88

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Irregular Lot
  • Lot Size Sq Ft: 11908.00
  • Lot Size Acres: 0.2734

Multi Family

  • Gross Income: 233615.00
  • Gross Scheduled Income: 240840.00
  • Lot Size Area: 11908.0000 Square Feet
  • Net Operating Income: 172544.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Total: 6
  • Operating Expense: 61071.00
  • Rent Control: No
  • Total Expenses: 61071.00

Tax Info

  • Tax Lot: 13
  • Tax Tract Number: 4281
  • TaxOtherAnnualAssessmentAmount: 2399.00

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 Prior Sale
10/15/2025 10/15/25 For Sale $3,295,000 +15.6% $478 / Sq Ft
07/13/2023 07/13/23 Sold $2,850,000 0.0% $413 / Sq Ft View Prior Sale
06/13/2023 06/13/23 For Sale $2,850,000 -- $413 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25240092

California Regional Multiple Listing Service (CRMLS)