Description
INVESTOR OPPORTUNITY — Discover a rare triplex in central Costa Mesa. Major fixer with long-term upside potential.Located walking distance to the OC Fairgrounds and Vanguard University, this property attracts consistent tenant demand year-round from students, professionals, and event traffic.The property features two 1-bedroom / 1-bath units, each with a detached 1-car garage, private fenced yard, and private laundry. The third unit is a 2-bedroom / 1-bath with a detached 2-car garage.Situated on a 7,841-square-foot lot with separate gas and electric meters. Based on comparables, potential gross income could reach approximately $99K per year once updated.Perfect for investors seeking passive income in Orange County or those completing a 1031 Exchange. Explore options for ADU conversion or a long-term hold in one of Costa Mesa's most central neighborhoods — minutes from South Coast Plaza, John Wayne Airport, and Newport Beach.Prime location, dependable tenants, and real opportunity for value-add appreciation.
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4BEDS
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0.18ACRES
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3BATHS
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01/2 BATHS
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2,528SQFT
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$568$/SQFT
Description
INVESTOR OPPORTUNITY — Discover a rare triplex in central Costa Mesa. Major fixer with long-term upside potential.Located walking distance to the OC Fairgrounds and Vanguard University, this property attracts consistent tenant demand year-round from students, professionals, and event traffic.The property features two 1-bedroom / 1-bath units, each with a detached 1-car garage, private fenced yard, and private laundry. The third unit is a 2-bedroom / 1-bath with a detached 2-car garage.Situated on a 7,841-square-foot lot with separate gas and electric meters. Based on comparables, potential gross income could reach approximately $99K per year once updated.Perfect for investors seeking passive income in Orange County or those completing a 1031 Exchange. Explore options for ADU conversion or a long-term hold in one of Costa Mesa's most central neighborhoods — minutes from South Coast Plaza, John Wayne Airport, and Newport Beach.Prime location, dependable tenants, and real opportunity for value-add appreciation.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-07-15T00:28:37.003. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.