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988 El Camino, Costa Mesa, CA 92626

$3.3M0ba · 5,343 sqft
Lot 6,719 sqft•Commercial/Residential•
Active
•6d on market•MLS# OC-26230822

Property Description

Offered at $3,00,000, this 6-unit multifamily property in Costa Mesa provides a strong turn-key opportunity in a supply-constrained market. Originally constructed in 1964 as a 4-plex, the building was expanded in the past year with the addition of two brand-new ADUs completed in 2026. The property now totals 5,267 SF and has been extensively renovated with over $945,000 in recent improvements, including modern unit interiors and durable finishes. The unit mix includes studio, one-, two-, and three-bedroom layouts, designed to capture a wide range of tenant demand. With current rents already strong and additional upside available, investors can benefit from both immediate income and long-term appreciation. Located near South Coast Plaza, The Camp, and major transportation corridors, the property combines stable tenant demand with proven rental performance, making for a strategic investment in a highly sought-after Orange County submarket.

Features & Amenities

Mesa VerdeFeeBuilt 1964

Property Details

Subdivision
Mesa Verde
Land Type
Fee
Year Built
1964
Property Type
Residential Income
Property Subtype
Commercial/Residential
Parking Spaces
4
Garage Spaces
4
Heating
Ductless, Central
Flooring
Vinyl
Roof
Shingle
City
Costa Mesa
Zip Code
92626
County
Orange
Listed bySeven Gables Real Estate, John Allen

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$16,686.60
Principal & Interest
Loan Amount
$2,640,000
Total Interest
$3,367,174
Total Payment Over 30 Years
$6,007,174
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

About Mesa Verde

This property is located in Mesa Verde, a community in Costa Mesa. Explore more listings in this neighborhood to compare options and pricing.

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