$1,650,000

Estimated payment $10,407/month

Total Views 3,074
6 Beds
5 Baths
3,191 Sq Ft
$517 Price per Sq Ft

Highlights

  • No Units Above
  • Lawn
  • Landscaped
  • Corner Lot
  • No HOA

About This Home

Exceptional Costa Mesa Triplex Investment Opportunity Rarely does a property like this become available in one of Costa Mesa's most desirable rental neighborhoods. Situated on a prime corner lot at 3045 Coolidge Avenue, this well-positioned triplex offers an outstanding investment opportunity featuring three spacious 2-bedroom, 1 and 2 bath units, each with generously sized floor plans that consistently appeal to long-term tenants. The property's corner location provides an attractive residential setting, bordered by established single-family homes on one side and multifamily residences on the other—creating the perfect balance of neighborhood charm and strong rental demand. The building offers excellent curb appeal, abundant natural light, and a layout that tenants love. Location is everything, and this property delivers. Residents enjoy walking distance to Paularino Elementary School, nearby parks, neighborhood shopping, restaurants, and everyday conveniences. The property is just minutes from South Coast Plaza, Segerstrom Center for the Arts, Orange Coast College, John Wayne Airport, and the world-famous beaches of Newport Beach and Huntington Beach. Easy access to the 55, 405, and 73 Freeways makes commuting throughout Orange County exceptionally convenient. Costa Mesa continues to be one of Orange County's strongest rental markets, driven by its central location, vibrant employment base, highly desirable coastal lifestyle, and proximity to major business centers. The city boasts more than 80,000 jobs, a thriving economy, outstanding dining and entertainment, and one of Southern California's most sought-after lifestyles—making quality rental housing consistently attractive to tenants. -Three large 2-bedroom units
-Prime corner location
-Excellent tenant appeal
-Walking distance to schools
-Strong rental demand
-Close to beaches, shopping, employment centers, and freeways
-Located in one of Orange County's most desirable investment markets Investment opportunities in this location are increasingly difficult to find. This is your chance to own a quality income-producing asset in the heart of Costa Mesa—where strong fundamentals, exceptional location, and long-term appreciation potential come together to create an outstanding real estate investment. A true turnkey addition to any investment portfolio .

Listing Agent

Dave Troutt

Seven Gables Real Estate Brokerage Phone: 714-306-7343 License #01749025 Listed on: 07/21/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 5,663 Sq Ft Lot
  • No Units Above
  • End Unit
  • Two or More Common Walls
  • Landscaped
  • Corner Lot
  • Lawn
  • Front Yard

Parking

  • 3 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 3,191 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 34
  • Tax Tract Number 4281
  • Assessor Parcel Number 14114168
  • $1,415 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Halecrest Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $720
  • Gardener Expense $1,440
  • Insurance Expense $2,500
  • Trash Expense $1,980
  • Water Sewer Expense $1,200
  • New Taxes Expense $19,800
  • Operating Expense $27,640
  • Gross Income $3,600
  • Net Operating Income $80,780

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

5,663 Sq Ft Lot

Parking

3

Listing Details

  • CapRate: 4.90
  • Property Attached: Yes
  • Subdivision Name Other: Halecrest (HALE)
  • Water Sewer Expenses: 1200.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 14114168
  • Year Built: 1962
  • Special Features: RealEstateOwned

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls, End Unit, No One Above
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 517.08

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1980.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Curbs, Street Lights, Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Landscaped, Front Yard, Lawn
  • Lot Size Sq Ft: 5663.00
  • Lot Size Acres: 0.1300

Rental Info

  • Garage Rental Rate: 100.00
  • Tenant Pays: Gas, Parking Fee, Telephone, Cable TV, Electricity

Multi Family

  • Electric Expense: 720.00
  • Garage Income: 300.00
  • Gross Income: 3600.00
  • Gross Multiplier: 15.22
  • Gross Scheduled Income: 108420.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 5663.0000 Square Feet
  • Net Operating Income: 80780.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 27640.00
  • Rent Control: Yes
  • Total Actual Rent: 8735.00
  • Total Expenses: 27640.00

Tax Info

  • New Taxes Expense: 19800.00
  • Tax Lot: 34
  • Tax Tract Number: 4281
  • TaxOtherAnnualAssessmentAmount: 1415.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
07/21/2026 07/21/26 For Sale $1,650,000 -- $517 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC26159419

California Regional Multiple Listing Service (CRMLS)

APN: 141-141-68

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