$2,275,000
PENDING

Estimated payment $13,290/month

Total Views 608
9 Beds
8 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Traditional Architecture
  • No HOA
  • Laundry Room
  • California Elementary School Rated A
  • Neighborhood Views
  • 3-minute walk to Smallwood Park

About This Home

3102 Ginger Street | Rare Mesa Verde Fourplex | Significant Rental & NOI Upside** Rarely available Mesa Verde fourplex with significant upside potential!** Ideally located in one of Costa Mesa’s most desirable neighborhoods, 3102 Ginger Street offers an exceptional combination of **below-market rents, an attractive unit mix, substantial parking, strong tenant appeal, and long-term value-add potential.**The property features **one spacious 3-bedroom residence and three 2-bedroom residences**, with larger-than-typical floor plans designed for comfortable residential living. **Seven on-site parking spaces** include a 2-car garage for the 3-bedroom unit and a 1-car garage for each 2-bedroom unit—an exceptional amenity in Costa Mesa. Three units are single-level, with two located upstairs, creating a desirable residential setting uncommon among four-unit properties.
**The investment opportunity is compelling:** current rents are below market, providing a clear path for future rent increases, **NOI growth, and improved cash flow** as units naturally turn over. An investor can further enhance value through strategic rent adjustments and targeted property improvements while benefiting from the property’s highly desirable location and long-term appreciation potential. The generous lot features a spacious front lawn and landscaped grounds, reinforcing the property’s residential character. Located approximately **five miles from the coast**, with convenient access to South Coast Plaza, Orange Coast College, OC Fairgrounds, Triangle Square, major employment centers, shopping, dining, and entertainment.**A true value-add opportunity in one of Orange County’s premier rental markets—3102 Ginger Street offers the rare combination of four spacious residences, exceptional parking, below-market rents, and multiple avenues for future income and value growth.

Listing Agent

Jennifer Shamoo

Innovate Realty, Inc. Brokerage Phone: 949-295-6491 License #01899250 Listed on: 08/12/2026

Co-Listing Agent

Jennifer Aguilar-Shamoo

Innovate Realty, Inc. Brokerage Phone: 949-295-6491 License #01368274

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 8,276 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Brick Fence
  • Landscaped
  • Front Yard Sprinklers

Parking

  • 5 Car Garage
  • Parking Available

Home Design

  • Traditional Architecture
  • Quadruplex
  • Entry on the 1st floor
  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2-Story Property
  • Living Room with Fireplace
  • Neighborhood Views
  • Dishwasher
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Full Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 6260
  • Assessor Parcel Number 13956402
  • $1,778 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $231
  • Fuel Expense $1,194
  • Gardener Expense $1,508
  • Maintenance Expense $2,412
  • Pest Control $756
  • Trash Expense $11,921
  • Water Sewer Expense $2,669
  • Operating Expense $20,691
  • Gross Income $809
  • Net Operating Income $106,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

8,276 Sq Ft Lot

Parking

5

Listing Details

  • Assessments: Yes
  • CapRate: 4.69
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 2669.00
  • Architectural Style: Traditional
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1508.00
  • Parcel Number: 13956402
  • Year Built: 1969
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Full Bathrooms: 8
  • Total Bedrooms: 9
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Room Type: Kitchen, Living Room

Exterior Features

  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood, Brick
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected, Electricity Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher
  • Electric: Electricity - On Property
  • Heating Type: Fireplace(s), Central
  • Laundry Features: Individual Room, Community
  • Pest Control Expense: 756.00
  • Sewer: Public Sewer
  • Trash Expense: 11921.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers In Front, Landscaped, Front Yard
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900
  • Latitude Manual: 33.68281700

Rental Info

  • Tenant Pays: Gas, Electricity

Multi Family

  • Electric Expense: 231.48
  • Fuel Expense: 1194.00
  • Gross Income: 809.00
  • Gross Multiplier: 17.52
  • Gross Operating Income: 131850.00
  • Gross Scheduled Income: 131850.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 809.00
  • Lot Size Area: 8276.0000 Square Feet
  • Maintenance Expense: 2412.00
  • Net Operating Income: 106600.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Operating Expense: 20695.00
  • Rent Control: Yes
  • Total Actual Rent: 10820.00
  • Total Expenses: 20691.48

Tax Info

  • Tax Lot: 11
  • Tax Tract Number: 6260
  • TaxOtherAnnualAssessmentAmount: 1778.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2026 $8,860 $689,416 $444,739 $244,677
2025 $8,664 $675,899 $436,019 $239,880
2024 $8,664 $662,647 $427,470 $235,177
2023 $8,404 $649,654 $419,088 $230,566
2022 $8,087 $636,916 $410,870 $226,046
2021 $7,780 $624,428 $402,814 $221,614
2020 $7,706 $618,026 $398,684 $219,342
2019 $7,569 $605,908 $390,866 $215,042
2018 $7,429 $594,028 $383,202 $210,826
2017 $7,306 $582,381 $375,688 $206,693
2016 $7,152 $570,962 $368,321 $202,641
2015 $7,076 $562,386 $362,788 $199,598
2014 $6,913 $551,370 $355,681 $195,689
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
08/17/2026 08/17/26 Pending -- -- --
08/12/2026 08/12/26 For Sale $2,275,000 0.0% --
09/28/2020 09/28/20 Rented $2,750 +0.2% --
09/20/2020 09/20/20 Under Contract -- -- --
09/10/2020 09/10/20 For Rent $2,745 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 -- Accommodation
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $415,000 Fidelity National Title Ins
Interfamily Deed Transfer -- Fidelity National Title Ins
Source: Public Records

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 $274,000 Unknown
Previous Owner $280,000 Unknown
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC26167308

California Regional Multiple Listing Service (CRMLS)

APN: 139-564-02

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