$1,200,000
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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Listed by Taylor-Ann Bergeron with Anvil Real Estate (949) 776-1185
Property Type
Triplex
Status
Active
MLS Number
OC26106599
Year Built
1964
Lot Size
7,841 sq ft