3133 Coral Ave Costa Mesa, CA 92626
Mesa Verde Neighborhood
9
Beds
6
Baths
3,950
Sq Ft
0.29
Acres
Highlights
- No Units Above
- Property is near a park
- Spanish Architecture
- California Elementary School Rated A
- Main Floor Primary Bedroom
- 3-minute walk to Smallwood Park
About This Home
As of July 2025Priced attractively below market value due to the currently low rents, this outstanding income property provides upside to the new owner to achieve an approximate 40% increase in Gross Scheduled Income and approximate 4% CAP rate. Take advantage of this unique opportunity to own a unicorn among the neighboring properties in the desirable Mesa Verde area of Costa Mesa. This 3-unit property consists of a 4-bedroom, 2-bathroom custom detached home with fireplace (1,663 sq ft) built for the owners in 1996, plus a duplex includes comprised of a generously sized 3-bedroom, 2-bathroom unit with fireplace, as well as a comfortable 2-bedroom, 1.5-bathroom unit. The expansive 12,500 sq ft lot allows for each unit to feature a private patio and/or yard, enhancing the living experience for tenants. Additionally, the property provides 3 garage spaces and 6 private parking stalls. For added convenience, laundry hookups are available in each unit, offering a competitive edge in the rental market. The owner has recently renovated the interiors of all 3 units and installed brand new garage doors. Great for an Owner User or 1031 Exchange Buyer, this investment property is not to be overlooked. Schedule your viewing today.
Last Agent to Sell the Property
Bronwyn Jones
The Oppenheim Group License #02104013 Listed on: 05/04/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1970 | Remodeled
Lot Details
- 0.29 Acre Lot
- No Units Above
- No Units Located Below
- 1 Common Wall
- Cul-De-Sac
- Southwest Facing Home
- Security Fence
- Partially Fenced Property
- Wood Fence
- Block Wall Fence
- New Fence
- Landscaped
- Private Yard
- Lawn
- Back and Front Yard
Parking
- 3 Car Garage
- 6 Open Parking Spaces
- Parking Available
- Front Facing Garage
- Side by Side Parking
- Two Garage Doors
- Garage Door Opener
- Driveway
- Off-Street Parking
Home Design
- Triplex
- Spanish Architecture
- Turnkey
- Flat Roof Shape
- Slab Foundation
- Fire Rated Drywall
- Spanish Tile Roof
- Composition Roof
- Stucco
Interior Spaces
- 3,950 Sq Ft Home
- 2-Story Property
- Wet Bar
- Ceiling Fan
- Gas Fireplace
- Double Pane Windows
- Entryway
- Living Room with Fireplace
- Living Room with Attached Deck
- Living Room Balcony
- Storage
Kitchen
- Convection Oven
- Gas Oven
- Gas and Electric Range
- Range Hood
- Dishwasher
- Stone Countertops
- Disposal
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 9 Bedrooms
- Primary Bedroom on Main
- Jack-and-Jill Bathroom
- 6 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
- Washer and Gas Dryer Hookup
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Location
- Property is near a park
- Property is near public transit
- Urban Location
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 21,22
- Tax Tract Number 5475
- Assessor Parcel Number 13949128
- $22,000 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- Operating Expense $34,763
- Gross Income $66,049
- Net Operating Income $31,285
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/28/2025 07/28/25 | Sold | $1,995,000 | 0.0% | $496 / Sq Ft |
| 06/24/2025 06/24/25 | Pending | -- | -- | -- |
| 04/23/2025 04/23/25 | For Sale | $1,995,000 | +15.7% | $496 / Sq Ft |
| 06/16/2023 06/16/23 | Sold | $1,725,000 | -13.7% | $437 / Sq Ft |
| 06/09/2023 06/09/23 | Pending | -- | -- | -- |
| 05/04/2023 05/04/23 | For Sale | $1,999,000 | -- | $506 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Don Abrams
Seller's Agent in 2025
Don Abrams
Abrams Coastal Properties
(714) 325-9055
1 in this area
95 Total Sales
-
Bob Walz
Buyer's Agent in 2025
Bob Walz
New Dimension Investment Prop
(714) 393-8060
4 in this area
11 Total Sales
-
B
Seller's Agent in 2023
Bronwyn Jones
The Oppenheim Group
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP23074389
APN: 139-491-28
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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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