Costa Mesa Multifamily Properties for Sale

Duplexes, Triplexes, Fourplexes and Apartment Buildings in a High-Demand Rental Market

The House Hacking Advantage in Costa Mesa

Costa Mesa 4-plex residential income property for sale

Residential income property in the Costa Mesa market

Our broker, Eric Engelbert, is a Mesa Verde resident and has watched Costa Mesa become the gold standard for residential income property in Orange County. Whether you want a duplex, a triplex or 3 unit multifamily property, a fourplex, or an apartment building, owner occupied investors can use FHA financing on properties up to 4 units, allowing low down payment acquisition of high density assets on the Westside and throughout the city. FHA loan limits for 4-unit properties in Orange County are updated annually. Contact us for the current figure before running your numbers.

Costa Mesa's rental market is anchored by Orange Coast College, Vanguard University, the 17th Street corridor and South Coast Plaza area employment, ensuring low vacancy rates and consistent demand. Whether you are executing a 1031 exchange, buying your first income property, or selling a building you have owned for years, understanding local zoning and California rent law is where our expertise becomes your advantage. We represent buyers and sellers, so we see both sides of every deal.

Want to discuss cap rates, zoning or off market opportunities in Costa Mesa? Call or text us: 949-430-7500

How We Help Costa Mesa Investors, Owners and First Time Buyers

Buying

We search duplexes, triplexes, fourplexes and apartment buildings for you, including properties that sell privately before they reach the MLS. We verify rents and expenses and run the cap rate before you write an offer.

See Off Market Properties »

Selling

Income properties are priced on rents, expenses and net operating income. We build your price from your numbers and recent sales. Skip the automated estimate and get a human verified valuation.

Get a Valuation and Cap Rate Analysis »

1031 Exchanges

Selling an investment property or buying with exchange funds? Federal rules give you 45 days to identify replacement properties and 180 days to close, so we line up targets early. Work with a qualified intermediary and your tax advisor.

Plan Your Exchange »

Live in One Unit

Buy a duplex, triplex or fourplex, live in one unit and rent the others. Owner occupied financing can mean a lower down payment, and lenders may count part of the rent toward qualifying. We connect you with a lender and show your payment after rent.

Run Your Numbers With Us »

Larger buildings too. We also work with apartment buildings of 5 or more units, even 120 unit properties. They are labeled commercial instead of residential and use commercial financing, but we evaluate, price and market them the same way.

Costa Mesa Multifamily Resources

What Is Your Costa Mesa Multifamily Property Worth?

Multifamily is often sold before it reaches the MLS, and values vary by building, rents and condition. Whether you want to buy, sell, exchange or live in one unit, we will run the numbers with you. We can also build a custom report for a specific Costa Mesa neighborhood or property type.

Get My Property Valuation Call 949-430-7500 Book an Investment Consultation

Costa Mesa Multifamily Investment FAQ

Is Costa Mesa a good market for multifamily investment?

Yes. Costa Mesa has structural rental demand drivers that make it one of the most reliable multifamily markets in Orange County. Orange Coast College, Vanguard University, the 17th Street corridor, and proximity to Newport Beach employers keep vacancy rates low and rental demand consistent. The Westside in particular has a high concentration of older multifamily stock that attracts value-add investors, while the Eastside commands premium rents due to Newport Beach proximity and school district access.

What is house hacking and how does it work in Costa Mesa?

House hacking is the strategy of purchasing a multifamily property, living in one unit, and renting the others to offset your mortgage. In Costa Mesa, fourplexes are the most common house hacking vehicle because they qualify for owner-occupied FHA financing, which allows lower down payments than conventional investment loans. The rental income from the other three units can significantly reduce or eliminate the owner's housing cost. FHA loan limits for 4-unit properties in Orange County are updated annually. Contact us for the current figure before running your numbers.

Can I buy a triplex or 3 unit multifamily property in Costa Mesa?

Yes. Triplexes and other 3 unit multifamily properties come to market in Costa Mesa from time to time, and they are a popular choice for buyers who want to live in one unit and rent the other two. Inventory changes quickly, so the listings on this page update directly from the MLS, and we also watch for properties that sell privately before they are listed. Tell us what you want and we will keep an eye out.

Does Costa Mesa have rent control?

Costa Mesa does not have local rent control, but California's AB 1482 statewide rent cap applies to most multifamily properties that are more than 15 years old and not single-family homes or condos. AB 1482 limits annual rent increases to 5% plus local CPI, with a maximum of 10%. Properties built within the last 15 years are exempt. Buyers should review current AB 1482 applicability for any specific property with a real estate attorney before closing, as the rules have nuance around exemptions and just cause eviction requirements.

Are Costa Mesa multifamily properties good for a 1031 exchange?

Yes, particularly for investors exchanging out of properties in higher-appreciation markets who want to redeploy into stable cash-flowing assets. Costa Mesa multifamily offers a combination of strong rental demand, below-replacement-cost pricing on older stock, and ADU upside that makes it an attractive 1031 destination. The key is identifying properties with genuine value-add potential rather than paying a premium for cap rate compression that has already occurred. Working with an agent who has off-market access is essential in this segment, as the best opportunities rarely hit the public MLS.

Do you work with apartment buildings of 5 or more units in Costa Mesa?

Yes. We work with apartment buildings of every size, from a duplex to a 120 unit property. Buildings with five or more units are labeled commercial instead of residential and use commercial financing, but we evaluate, price and market them the same way, starting with the rents, the expenses and the cap rate.

How do I sell my Costa Mesa multifamily or income property?

Income properties are priced on rents, expenses and net operating income, not just comparable sales. We build your price from your numbers and recent sales, then market to investors, exchange buyers and owner occupants. We can also sell quietly if you prefer a private sale. Skip the automated estimate and request a human verified valuation.

Browse Costa Mesa Multifamily and Investment Listings

The listings below update directly from the MLS. If you have questions about a specific property or want to talk strategy, contact us or call 949-430-7500.

Costa Mesa Investment Property

$3,799,000

PW26226196 MLS ⋅ Active Status

1550 & 1554 Orange Ave includes six updated beach bungalows on a corner lot in a prime Eastside Costa Mesa location. These are two side-by-side triplexes on two separate parcels with two APNs, so each one can be financed conventionally. Buy both together, finance each separately, and keep more options open when it’s time to refinance or sell. All six are single-story 1-bed/1-bath units with a private yard and an assigned parking space, plus an on-site laundry room. The heavy lifting is done: updated electrical and plumbing, new water heaters, a new concrete driveway, and fresh exterior paint. Unit upgrades vary and include new cabinets and/or vanities, new flooring, and mini-split A/C and heat in every unit. 1554 #B is freshly renovated with a conservative pro forma rent of $2,800. Six electric meters, five gas meters, and two water meters. Newport Beach starts a few blocks away... an easy beach cruiser ride to the sand. The 17th Street shops and restaurants, South Coast Plaza, and the 55/73/405 freeways are minutes away.

1550 Orange Avenue, Costa Mesa

$3,300,000

OC26230822 MLS ⋅ Active Status

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.

988 El Camino, Costa Mesa

$2,295,000

7 Beds ⋅ 4 Baths ⋅ 26101858 MLS ⋅ Coming Soon Status

A rare opportunity to own a triplex in the highly desirable Eastside Costa Mesa neighborhood. Tucked along Woodland Place, a quiet residential cul-de-sac, this 3-unit property offers an appealing combination of location, income potential and long-term investment opportunity in coastal Orange County. Situated on an approximately 6,118 SqFt lot, the property features 2 generously sized 2 bedroom : 1 bath units and a 3 bedroom : 2 bathroom unit. The individual floor plans provide functional living spaces suited to a variety of tenant needs. Located across from Woodland Elementary School, the property enjoys an established residential setting with convenient access to shopping, dining and amenities of Eastside Costa Mesa, as well as the coastal lifestyle of nearby Newport Beach. Whether expanding an existing portfolio or entering the multifamily market, this is an opportunity to acquire a 3-unit property in a highly sought-after Costa Mesa location where neighborhood appeal and proximity to the coast remain enduring draws. *** Two of the units will be delivered vacant.

347 Woodland Place Unit A, Costa Mesa

$1,999,888

PW26225727 MLS ⋅ Active Status

RARE OWNER-OCCUPANT DUPLEX OPPORTUNITY IN NORTH COSTA MESA! Welcome to 3131 Coral Ave, a premier multi-family asset offering the ultimate live-in investment setup on an expansive 8,700+ sq. ft. lot. The primary residence has just undergone a massive, complete modern remodel featuring a brand-new kitchen with custom cabinetry, sleek new flooring, and designer paint throughout. This 3 Bedroom, 2 Bathroom main house functions like a standalone single-family home, opening up to a private backyard oasis complete with a sparkling pool, spa, and oversized yard space. The independent secondary unit offers 2 Bedrooms and 2 Bathrooms, ideal for generating top-tier rental income to significantly offset your monthly mortgage in today's interest rate environment. Peace of mind comes standard with a brand-new roof covering the entire building, fully prepped and ready for El Niño winter rains! Located in the desirable "Spice Streets" neighborhood of Central Costa Mesa (C4/Mesa Verde Residential Income area), just minutes from South Coast Plaza, top-rated schools, parks, and 405/55/73 freeways. Whether you are an owner-occupant looking for a turn-key private pool home while your tenant pays down your loan, or an investor seeking a fully updated trophy asset, this property delivers unmatched versatility and value.

3131 Coral, Costa Mesa

$1,798,000

PW26224935 MLS ⋅ Active Status

A rare investment opportunity in highly sought-after Mesa Verde! This well-maintained triplex offers three clean, beautifully updated units in a prime Costa Mesa location just minutes from shopping and dining. Unit A is a spacious 3-bedroom, 1-bath home with a large private yard, ideal for tenants who want room to relax, garden, or entertain. Units B and C each offer 2 bedrooms, 1.5 baths, and their own private patio for comfortable indoor-outdoor living. Each unit also has its own detached garage space. With strong curb appeal, quality updates throughout, and a location tenants love, 1544 Elm Ave is a turnkey addition to any portfolio. Properties like this rarely come to market in Mesa Verde. Don’t miss it!

1544 Elm, Costa Mesa

$2,450,000

PW26218443 MLS ⋅ Active Status

Pleased to present 2515 Orange Avenue, a 3-unit investment opportunity located in the highly desirable Eastside neighborhood of Costa Mesa, bordering Newport Beach. Offered for sale for the first time in over 20 years, the property is comprised entirely of spacious, single-story 3-bedroom, 2-bathroom units, each averaging approximately 1,100 square feet. This difficult-to-replicate unit mix provides residents with generous living spaces and a residential feel rarely found in traditional multifamily properties. Each unit includes a dedicated carport plus an additional open parking space, and the property also benefits from the recent installation of a new roof (2026). With its premier Eastside location, large three-bedroom floor plans, and strong rental demand, 2515 Orange Avenue represents a unique opportunity to acquire a well-maintained multifamily asset in one of Orange County’s most sought-after coastal-adjacent rental markets.

2515 Orange Avenue, Costa Mesa

$1,999,999

OC26215986 MLS ⋅ Active Status

Welcome to 2956 Peppertree, of the Spice Streets of Costa Mesa. This is a great opportunity to own a well-located, fully occupied 4-plex in the highly desirable Mesa Verde area. The property features open floor plan layouts, with each unit offering 2 bedrooms and 1 bathroom. The living rooms open to the dining and kitchen areas with ceiling fans in the dining rooms and bedrooms. Several units have been upgraded and well maintained with long term tenants. Interior finishes and amenities vary by unit. Units offer dishwashers and washer/dryer hookups in the kitchen. Flooring has been upgraded to laminate. Each tenant has a separate garage and ample street parking. Great location near shopping, dining, transportation, and other everyday conveniences, adding to the property's appeal for both investors and tenants. Quiet Mesa Verde community.

2956 Peppertree, Costa Mesa

$2,075,000

PW26218368 MLS ⋅ Active Status

2872 La Salle Avenue is a 4-unit multifamily investment opportunity in Costa Mesa offering a diverse unit mix and clear value-add upside in one of Orange County’s strongest rental markets. Built in 1964, the property features a townhome-style 3BR/2.5BA, a 2BR/1.5BA townhome, a 1BR/1BA, and a studio — a mix that appeals to families and professionals alike. Abundant on-site parking includes (6) garages and room for (7) additional vehicles. The trash service is currently handled by a third-party company, but could be transitioned to the city's Sanitary District, which would streamline expenses for the next owner.

2872 La Salle Avenue, Costa Mesa

$2,195,000

NP26213924 MLS ⋅ Active Status

Welcome to 2033 Laurie Lane, a stunning duplex located in Eastside Costa Mesa. Situated on a quiet cul-de-sac with only 5 properties, this pride of ownership duplex has been updated over the years to reflect todays living standards. Unit A features 3 bedrooms, 2 bathrooms, and approximately 1,300 SF of living space. The kitchen offers white shaker cabinetry, quartz countertops, multiple pantries, stainless steel appliances, and generous sized island that opens to the living space complete with a cozy fireplace. Two large bedrooms and a hallway bath lead to the spacious primary bedroom with multiple closets and primary bathroom with a recently completed custom tiled shower. Enjoy not only a private front courtyard, but private back patio as well! Unit B features 2 bedrooms, 2 bathrooms, and approximately 925 SF of living space. The kitchen offers white shaker cabinetry, stainless steel appliances, quartz countertops and is open to the living area. A large slider opens to the private front patio. A nice sized bedroom and hallway bath make way to the huge primary bedroom that can easily fit a king size bed and offers a walk- in closet as well as an en suite bathroom. Additional features include dual pane windows throughout, recessed lighting, laminate flooring, central heating, (3) single car garages with additional parking, lush landscaping, and private laundry hookups for each unit. Located in one of Orange County’s most desirable coastal neighborhoods, 2033 Laurie Lane offers convenient access to 17th Street’s renowned dining, shopping, and everyday amenities, nearby parks and beaches, The Triangle, and highly regarded local schools. With its desirable Eastside Costa Mesa setting, updated residences, private outdoor spaces, and flexible two-unit configuration, this exceptional property represents a compelling opportunity for an owner-user, multigenerational household, or investor seeking a quality multifamily asset in a premier coastal Orange County location.

2033 Laurie Lane, Costa Mesa

$1,575,000

NP26216295 MLS ⋅ Active Status

Fully occupied triplex in central Costa Mesa offering in-place income with roughly 18% rental upside. The property consists of two 2-bed/1-bath units and one 2-bed/1.5-bath two-story townhouse, totaling approx. 2,785 SF on a 6,500 SF lot. Current rents are below market, giving an investor a clear path to increase income as units turn. No utility bill-back program is currently in place, providing an immediate opportunity to implement RUBS. Low operating expenses help preserve cash flow as rents move to market. Garage parking on site. Ideally located near Baker St. retail, TeWinkle Park, South Coast Plaza, Orange Coast College, and quick access to the 405 and 55 freeways.

1383 Baker, Costa Mesa

$4,695,000

OC26212352 MLS ⋅ Active Status

776 West Wilson Street is an eight-unit residential property located in the City of Costa Mesa, California. The property features a rare blend of new construction and renovated product, consisting of four newly constructed 3-bed/2-bath units completed in 2026 and four fully remodeled 2-bed/1-bath units. The four newly constructed units have never been lived in and feature modern interior finishes, multi-zone air conditioning, in-unit laundry, and all-electric systems with individual metering, while the four existing units have been fully remodeled with new dual-pane vinyl windows, PEX plumbing, air conditioning, and in-unit laundry. The property is further enhanced by brand-new roofs (2026), electrical panel upgrades on all eight units, 800-amp service sized for future ADU additions, ABS sewer laterals with no cast iron on site, individual water heaters, an expected 80% water utility reimbursement through RUBS, and grandfathered individual trash cans with no dumpster or haul fees. These features help create a highly functional rental property with modern tenant amenities and a streamlined operating structure. Located in West Costa Mesa, the property offers residents convenient access to Orange Coast College, Fairview Park, and the Newport Beach coastline, as well as the shopping and dining at Triangle Square, South Coast Plaza, and the 17th Street corridor, with easy connectivity to the 55 and 405 freeways.

776 W Wilson Street, Costa Mesa

$2,325,000

PW26211144 MLS ⋅ Active Status

120 Lisa Lane presents a rare opportunity to acquire a well-positioned triplex in highly desirable Eastside Costa Mesa, just minutes from Newport Bluffs. Offered for the first time in more than 13 years, the property features a highly attractive unit mix consisting of one 3BR/2BA unit and two 2BR/1BA units, appealing to a broad tenant base of families and professionals. Each unit offers desirable amenities, including washer/dryer hookups, private patios or balconies, while the four-car garage provides valuable off-street parking and additional tenant convenience. Situated at the end of a quiet cul-de-sac, the property offers an added level of privacy and a residential feel that further enhances its tenant appeal. With approximately 25% in rental upside, 120 Lisa Lane offers investors the opportunity to acquire a well-maintained asset with strong in-place fundamentals and meaningful value-add potential in one of Costa Mesa’s most sought-after submarkets.

120 Lisa Lane, Costa Mesa

$1,800,000

PW26211173 MLS ⋅ Active Status

3029 Jeffrey Drive is a well-located triplex in Costa Mesa, offering investors an attractive entry point into one of Orange County’s strongest rental markets. Built in 1977, the 3,023 SF property sits on a 6,098 SF lot and features a practical unit mix of (1) 3BR/2BA unit and (2) 2BR/1BA units. Residents benefit from washer/dryer hookups, private patios and balconies, and ample parking, including (4) garages and (2) open spaces for a 2:1 parking ratio. Located just half a mile from South Coast Plaza, the property offers convenient access to premier retail, major employment centers, and a broad range of lifestyle amenities supporting strong and durable tenant demand. With approximately 23% rental upside, 3029 Jeffrey Drive presents a compelling value-add opportunity for investors seeking a combination of in-place income potential and mark-to-market growth within a high-demand Costa Mesa submarket.

3029 Jeffrey Drive, Costa Mesa

$2,225,000

OC26209367 MLS ⋅ Active Status

RARE INVESTMENT OPPORTUNITY IN HIGHLY DESIRABLE MESA VERDE! Great opportunity to own a well-located 4-plex in the highly desirable Mesa Verde area. The property features spacious floor plan layouts, with each unit offering 2 bedrooms and 1 bathroom. The living rooms open to the dining areas and kitchens, with ceiling fans in the dining rooms and bedrooms. Several units have been upgraded, including one unit that is completely furnished. Interior finishes and amenities vary by unit. Some units feature dishwashers and washer/dryer hookups in the kitchen, while others do not. Flooring includes carpeting, with two downstairs units featuring laminate flooring. Some interiors have also been freshly painted within the past year. The roof is approximately 10 years old, and the property features newer dual-pane windows throughout, approximately 1 year old. The buildings' exteriors were painted about 1 year ago. The rear of the property was renovated approximately 5 years ago and features cement driveways and additional parking. Tenants also have access to additional street parking along the single-loaded street. Newer roll-up garage doors provide an additional update to the property. Great curb appeal, pride of landlord ownership. Great location near shopping, dining, transportation, and other everyday conveniences, adding to the property's appeal for both investors and tenants. Quiet Mesa Verde community. ADDITIONAL INVESTMENT OPPORTUNITY: The adjacent 4-plex at 2902 Peppertree is also available for purchase under a separate MLS listing, providing a potential opportunity to acquire both properties.

2904 Peppertree Lane, Costa Mesa

$2,175,000

OC26209314 MLS ⋅ Active Status

Prime Mesa Verde Location – Income-Producing 4-Plex Great opportunity to own a well-located 4-plex in the highly desirable Mesa Verde area. The property offers spacious floor plan layouts, with each unit featuring 2 bedrooms and 1 bathroom. Living rooms open to dining areas and kitchens, with ceiling fans in the dining rooms and bedrooms. Unit amenities and finishes vary. Some units feature dishwashers and washer/dryer hookups in the kitchens, while others do not. Flooring varies by unit, including carpeting and laminate flooring. Several interiors have been upgraded and/or freshly painted within the past year. One downstairs unit features a spacious side yard with a block wall and patio slab. The roof is approximately 10 years old. The exterior of the buildings was painted approximately 2 years ago, and dual-pane windows were installed approximately 1 year ago. The rear of the property was renovated approximately 5 years ago and features cement driveways and additional parking. Tenants also have access to additional street parking along the single-loaded street. Great curb appeal, pride of landlord ownership. A community coin-operated laundry room is located in one of the garages, providing an additional tenant amenity. Conveniently located near shopping, dining, transportation, and other everyday amenities, this is an attractive investment opportunity in a desirable, quiet Costa Mesa neighborhood. Additional Investment Opportunity: The adjacent 4-plex at 2904 Peppertree Lane is also available for purchase under a separate MLS listing, offering a potential opportunity to acquire both properties.

2902 Peppertree Lane, Costa Mesa

$1,899,550

OC26207185 MLS ⋅ Active Status

RARE DUPLEX OPPORTUNITY IN EAST COSTA MESA! First time on the market in over 60 years. This exceptional property consists of two separate units measuring 900 sq. ft each. The rear unit boasts its own large private backyard. Situated directly across the street to Heller Park, the location is unbeatable, positioned just blocks from the vibrant dining and retail scene along 17th Street and only six minutes to Newport Beach’s Balboa Peninsula. With the back unit vacant and ready to be rented and the unit in front already rented, providing immediate, stable income, this rare property is a prime candidate for future multi-unit redevelopment on this lot. Located with the prestigious Newport Mesa Unified School District and close the renowned back bay loop for outdoor enthusiasts, this property epitomizes the best of Costa Mesa living. Don’t miss the opportunity to make this duplex your next investment. Call today to schedule a tour.

218 E 16th, Costa Mesa

$4,650,000

OC26201829 MLS ⋅ Active Under Contract Status

383 West Wilson Street is a 12-unit multifamily investment property located in Costa Mesa, California. Situated on approximately 0.43 acres, the property features a unit mix of 10 one-bedroom units and 2 two-bedroom units and combines a substantially renovated existing asset with significant additional unit development potential. Central to the investment opportunity is the approval to convert existing garage space into 5 studio Accessory Dwelling Units (ADUs), totaling approximately 2,045 square feet. Construction of the approved ADUs has not yet commenced, providing new ownership the opportunity to complete the conversions and increase the property from 12 to 17 units, a roughly 42% increase in rentable unit count. The approved conversions create a defined path to expand the property's income-producing capacity within the existing site. Importantly, this development upside is paired with substantial improvements to the existing 12 units. All units have been renovated with upgrades including quartz countertops, updated appliances and bathrooms, fresh paint, and vinyl and carpet flooring. With the existing interiors already improved, future investment can be focused on completion of the approved ADUs rather than a property-wide interior renovation program. 383 West Wilson Street also benefits from a sizable site and an attractive collection of resident amenities. The property provides 22 parking spaces, including 13 garage and 9 surface spaces, along with gated access, an on-site laundry facility, security doors, and a spacious central courtyard. The property is positioned near a dense collection of Costa Mesa amenities and demand drivers, with retail along Harbor Boulevard, Orange Coast College, the OC Fair & Event Center, and neighborhood recreation all nearby. Its location between Harbor Boulevard and State Route 55 provides convenient connectivity throughout Costa Mesa and to surrounding employment centers. Together, the property's renovated existing units, approved 5-unit ADU expansion and strong Costa Mesa location create a compelling combination of current quality and meaningful future upside.

383 W Wilson Street, Costa Mesa

$3,500,000

PW26194851 MLS ⋅ Active Status

Great investment 7 unit apartment building. Year built 1977. All tenants have been great long term tenants.

810 Center Street, Costa Mesa

$1,999,900

V1-38449 MLS ⋅ Active Status

Excellent opportunity to acquire a well-located four-unit investment property in the heart of Costa Mesa, offering an attractive combination of strong in-place rental income and meaningful future upside. With rents currently below projected market levels, the property provides an investor with the opportunity to increase income over time while benefiting from four established rental income streams. The desirable unit mix consists of one three-bedroom residence and three two-bedroom residences, providing larger and more versatile floor plans than many typical apartment investments. This mix appeals to a broad tenant base, including professionals, couples, families and those seeking additional space for a home office. Tenants pay their own gas and electricity, helping reduce the owner's exposure to rising utility costs. The property's central Costa Mesa location is a significant advantage. Residents enjoy convenient access to South Coast Plaza, South Coast Metro, Orange Coast College and John Wayne Airport, along with the employment, shopping, dining and entertainment opportunities found throughout Costa Mesa and neighboring Irvine. Newport Beach and Huntington Beach are also just minutes away, providing easy access to some of Orange County's most desirable coastal communities. Excellent freeway accessibility via the 405, 55 and 73 makes the property convenient for tenants working throughout Orange County. Costa Mesa's combination of employment, entertainment, shopping, education and proximity to the coast continues to make it a highly desirable rental market. For an investor seeking a smaller multifamily property with existing cash flow, multiple income streams and the potential for future rental growth, this property offers a compelling opportunity in one of Orange County's most desirable and centrally located communities.

2859 Hickory Place, Costa Mesa

$1,995,000

6 Beds ⋅ 5 Baths ⋅ 26874919 MLS ⋅ Active Status

Built in 1991, this multifamily property delivers two spacious townhome-style units in one of Orange County's most desirable submarkets. Each three-bedroom unit includes a private patio, in-unit washer and dryer hookups, and a direct-access two-car garage. Current rents are below market, offering upside potential.

181 Cecil Place, Costa Mesa

$1,899,000

6 Beds ⋅ 4 Baths ⋅ 26874559 MLS ⋅ Active Status

Situated in a well-established Costa Mesa pocket, this three-unit property offers a versatile mix of one-, two-, and three-bedroom floorplans with spacious layouts. Each unit has a private balcony or outdoor space and individual washer/dryer hookups. Private garages plus open parking keep the property well served. Recent capital improvements completed. Current rents are below market, with meaningful room to grow as leases turn.

3025 Jeffrey Drive, Costa Mesa

$1,650,000

NP26174521 MLS ⋅ Active Status

WESTSIDE COSTA MESA FOUR PLEX | EXCEPTIONAL COASTAL ORANGE COUNTY LOCATION Welcome to 741 W. 18th Street, a well-positioned four-unit property in the highly desirable Westside Costa Mesa community. This approximately 2,512-square-foot multifamily property sits on an approximately 6,120-square-foot lot and features a versatile unit mix of two 2-bedroom/1-bath residences and two 1-bedroom/1-bath residences. Each residence offers its own private outdoor space, creating an appealing living environment for residents while adding to the property's overall desirability. The property also offers convenient parking with a combination of garage and carport spaces. The location is truly one of the property's greatest assets. Situated in the heart of Westside Costa Mesa, residents enjoy close proximity to Triangle Square, Costa Mesa Courtyards, local restaurants, shopping, entertainment and everyday conveniences. The property is also just minutes from the area's renowned beaches, with easy access to Pacific Coast Highway and the coastal communities of Newport Beach and Huntington Beach. Westside Costa Mesa continues to be one of Orange County's most sought-after locations, known for its vibrant atmosphere, coastal lifestyle, excellent dining and entertainment, and convenient access to major employment centers and transportation corridors. With four separate residences, desirable unit sizes, private outdoor areas and an exceptional Costa Mesa location, 741 W. 18th Street presents an attractive opportunity to own a multifamily property in one of coastal Orange County's most established and desirable neighborhoods. Buyer and buyer's agent to independently verify all property characteristics, square footage, zoning, unit configuration, rental information, parking and other property information.

741 W 18th, Costa Mesa

$2,300,000

3 Beds ⋅ 2 Baths ⋅ 26870677 MLS ⋅ Active Status

223 Mesa Drive, offered together with the adjacent 215 Mesa Drive, is a rare luxury residential development opportunity in the heart of Eastside Costa Mesa, one of Orange County's most sought-after coastal communities. The project has secured conditional approval of a Vesting Tentative Parcel Map from the City of Costa Mesa for four detached homes on individually owned fee simple lots, delivering an approved development path forward. Together the two contiguous parcels total approximately 18,651 square feet (0.428 acres), zoned R2-MD. Upon completion, the site delivers four detached, two-story residences, each designed as a four-bedroom, four-and-a-half-bath home ranging from approximately 2,572 to 2,940 square feet, with contemporary architecture, open concept floor plans, private yards, and two-car garages. The sale includes a comprehensive Due Diligence Package with architectural plans, engineering, grading, landscape plans, surveys, subdivision documents, renderings, and entitlement materials, allowing a buyer to reduce upfront soft costs and entitlement risk and focus on carrying the project through to construction. Set on a quiet, tree-lined street minutes from Newport Beach, Fashion Island, South Coast Plaza, and John Wayne Airport, the property sits within a neighborhood anchored by top-rated schools and premier coastal amenities. With conditional approval secured, a full design package in hand, and a site plan reflecting 9.35 units per acre, this is a rare chance to acquire a well-located, near-ready coastal infill project in a supply-constrained market. This parcel is listed at $2,300,000 and must be sold together with the adjacent parcel (215 Mesa Drive) as a single transaction, for a combined purchase price of $4,600,000. The two parcels are offered concurrently and cannot be sold separately.

223 Mesa Drive, Costa Mesa

$3,199,000

PW26165836 MLS ⋅ Active Status

Exceptional four-unit investment opportunity on an expansive 11,000+ square foot lot in one of Costa Mesa's most desirable rental markets. Fully occupied and generating immediate cash flow, this rare offering combines stable income, significant value-add potential, and exceptional long-term appreciation. All four units are currently leased, providing strong in-place income, with two recently renovated units and a long-term tenant contributing to stable occupancy. Investors can enjoy dependable cash flow today while benefiting from future rental growth as units turn over. Beyond its current income, the property's greatest asset is its oversized 11,000+ square foot lot and eight detached garages, creating exciting possibilities for ADU conversions or other future development opportunities (buyer to verify with the City of Costa Mesa). Whether your investment strategy is to maximize rental income, add value through future improvements, or capitalize on the property's redevelopment potential, this unique asset offers flexibility rarely found in coastal Orange County. Ideally located just minutes from Orange Coast College, Newport Beach, John Wayne Airport, Kaiser Permanente, the popular 17th Street dining and shopping district, Triangle Square, and the 55, 73, and 405 Freeways, the property enjoys exceptional convenience and consistently strong tenant demand. Investment opportunities offering this combination of immediate cash flow, an oversized lot with potential ADU opportunities, and a premier Costa Mesa location are exceptionally rare. Whether you're expanding your portfolio or securing a legacy investment with multiple paths for future growth, this property delivers the income, location, and upside today's investors are seeking.

2653 Santa Ana, Costa Mesa

$1,749,000

PW26168154 MLS ⋅ Active Status

First time on the market in over 35 years! Don't miss this rare opportunity to own a well-maintained, income-producing 4-unit property in one of Costa Mesa's most sought-after rental markets. This desirable fourplex features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, all currently occupied on month-to-month leases, offering immediate rental income with exceptional future upside. The property also includes a 4-car alley-loaded garage, adding valuable parking and potential income opportunities. Ideally located near shopping, dining, beaches, parks, and major freeways, this is a prime investment for seasoned investors, owner-occupants, or buyers looking to build long-term wealth in a high-demand coastal community. Opportunities like this rarely come to market—schedule your private tour today!

735 W 18th, Costa Mesa

$4,490,000

6 Beds ⋅ 13 Baths ⋅ 26866485 MLS ⋅ Active Status

This 13-unit mixed-use offering includes 12 residential units and one commercial building, with a unit mix spanning studio, one- and two-bedroom floorplans. Select units feature single-story construction. The property has been substantially improved, with more than $1,200,000 in recent capital investments covering major systems, interior finishes, and exterior upgrades. In-place RUBS and a community laundry room.

2029 Harbor Boulevard, Costa Mesa

$1,575,000

OC26159419 MLS ⋅ Active Under Contract Status

NEW PRICE! Huge Price Improvement . Exceptional Costa Mesa Triplex Investment Opportunity Rarely does a property like this become available in one of Costa Mesa's most desirable rental neighborhoods. Situated on a prime corner lot at 3045 Coolidge Avenue, this well-positioned triplex offers an outstanding investment opportunity featuring three spacious 2-bedroom, 1 and 2 bath units, each with generously sized floor plans that consistently appeal to long-term tenants. The property's corner location provides an attractive residential setting, bordered by established single-family homes on one side and multifamily residences on the other—creating the perfect balance of neighborhood charm and strong rental demand. The building offers excellent curb appeal, abundant natural light, and a layout that tenants love. Location is everything, and this property delivers. Residents enjoy walking distance to Paularino Elementary School, nearby parks, neighborhood shopping, restaurants, and everyday conveniences. The property is just minutes from South Coast Plaza, Segerstrom Center for the Arts, Orange Coast College, John Wayne Airport, and the world-famous beaches of Newport Beach and Huntington Beach. Easy access to the 55, 405, and 73 Freeways makes commuting throughout Orange County exceptionally convenient. Costa Mesa continues to be one of Orange County's strongest rental markets, driven by its central location, vibrant employment base, highly desirable coastal lifestyle, and proximity to major business centers. The city boasts more than 80,000 jobs, a thriving economy, outstanding dining and entertainment, and one of Southern California's most sought-after lifestyles—making quality rental housing consistently attractive to tenants. -Three large 2-bedroom units -Prime corner location -Excellent tenant appeal -Walking distance to schools -Strong rental demand -Close to beaches, shopping, employment centers, and freeways -Located in one of Orange County's most desirable investment markets Investment opportunities in this location are increasingly difficult to find. This is your chance to own a quality income-producing asset in the heart of Costa Mesa—where strong fundamentals, exceptional location, and long-term appreciation potential come together to create an outstanding real estate investment. A true turnkey addition to any investment portfolio .

3045 Coolidge, Costa Mesa

$2,150,000

OC26152871 MLS ⋅ Active Status

2976 Royal Palm Drive, Costa Mesa, CA 92626 presents a compelling investment opportunity in one of the area’s most desirable rental markets. This fully occupied 4-plex generates income from day one, with all four units currently rented and strong tenant demand supporting long-term stability. The property features four spacious 2-bedroom, 1-bath units, each with desirable amenities that help attract and retain quality tenants. Located in the highly sought-after Mesa Verde area, it offers the kind of location advantage that typically supports consistent occupancy and future rent growth. Priced at $2,150,000, this asset is well-positioned for investors seeking reliable cash flow, potential appreciation, and a strong long-term hold in a proven Costa Mesa neighborhood. With immediate rental income already in place, this is the type of property that can deliver both current returns and future upside.

2976 Royal Palm, Costa Mesa

$3,490,000

OC26116869 MLS ⋅ Active Status

SEE OFFERING MEMORANDUM IN SUPPLEMENTS. Rare pride-of-ownership 5-unit investment opportunity located in highly desirable Eastside Costa Mesa. Offered for sale for the first time in approximately 27 years, this well-maintained asset occupies an expansive approximately 15,746 square foot lot and features a unique low-density cottage-style layout with lots of attractive features and benefits. Improvements include a freestanding 2-bedroom, 1-bath residence positioned at the front of the property, along with four additional units located within two separate residential buildings at the rear. Unit mix consists of two 1-bedroom units and two 2-bedroom units. A defining characteristic of the offering is its abundance of private outdoor space. The front residence enjoys a large enclosed front yard with white picket vinyl fence and private rear yard, while each remaining unit benefits from its own yard, patio, or outdoor living area. This residential environment has contributed to strong tenant retention and consistent rental demand over many years. Residents enjoy amenities seldom found in comparable investment properties, including six enclosed garages, five equipped with automatic openers, in-unit washer and dryer hookups, and off-street parking for approximately eight vehicles. One garage is currently leased separately, generating additional monthly income. Generous parking, private outdoor areas, and thoughtful site design further enhance long-term resident appeal. From an operational standpoint, ownership benefits from a favorable utility structure. Gas and electricity are separately metered with no house gas or electric meters, helping reduce operating costs. Each residence is equipped with its own water heater, with residents responsible for individual gas consumption. Operating expenses remain straightforward and consist primarily of water, trash service, property taxes, insurance, landscaping, and professional management. Eastside Costa Mesa continues to rank among Orange County's most desirable rental markets, driven by its proximity to Newport Beach, major employment centers, premier shopping, dining, and coastal recreation. Convenient access to Newport Boulevard and the 55 Freeway further strengthens location appeal. This offering presents a rare opportunity to acquire a quality multifamily investment in one of Southern California's most sought-after rental submarkets.

131 E 21st Street, Costa Mesa

$3,800,000

14 Beds ⋅ 6 Baths ⋅ 26841411 MLS ⋅ Active Status

Unique 7-unit turnkey offering in Westside Costa Mesa combining a newly constructed triplex (2026) and a fully renovated fourplex on a single 9,211 SF parcel. 100% two-bedroom floorplans with an average unit size of 826 SF. Over $1,200,000 invested in renovations including full repipe, new flooring, updated kitchens and baths, new windows, and exterior improvements. No deferred maintenance. Minutes from Triangle Square, the 17th Street Promenade, and Newport Beach.

758 W 20th Street, Costa Mesa

317 University Drive Unit UnitsA,B,C, Costa Mesa

$2,699,999

5 Beds ⋅ 3 Baths ⋅ 26828517 MLS ⋅ Active Status

Here is the incredible income opportunity you have been looking for! This great property is all about location, location, location with so much upward potential. It is in the heart of Costa Mesa's up-and-coming neighborhood with so much growth opportunity. Awesome investment opportunity for an investor looking to rehab or build multiple units or owner occupied in walking distance to great parks, restaurants, schools and so much more! In this very nice Costa Mesa neighborhood this is the type of neighborhood people love because it is so convenient to so much activity. All units are each in very good condition with tenant pride. This great income property is a triplex with 3 Separate houses and a garage; the front unit has 2 bedrooms & 1 bath and laundry hook ups, the middle unit has 2 bed and 1 bath and laundry hookups and the rear unit has 1 bedroom & 1 bath, and the extra-long driveway with parking area provide plenty of off-street parking! These are turnkey rental units for investors looking an income property with easy tenants and great rents or a great potential parcel for building up a larger development within Costa Mesa building codes. Don't miss this opportunity, it won't last long! The adjacent parcel to the NW is also for sale for an even larger project.

317 University Drive Unit UnitsA,B,C, Costa Mesa

$2,250,000

OC26065926 MLS ⋅ Active Status

This prime 4-plex in Costa Mesa’s coveted Mesa Verde neighborhood offers a stable investment with significant upside potential. The property features four units, including two single level residences and two upper units, offering a versatile layout attractive to a wide range of tenants. This property benefits from a more residential feel while maintaining strong income potential. Each unit includes a one car garage, with additional street parking available. A spacious front yard with a grass lawn enhances curb appeal and provides a welcoming setting. Ideally situated just five miles from the coast, this property offers convenient access to premier destinations including South Coast Plaza, Orange Coast College, the OC Fairgrounds, Triangle Square, and the vibrant shopping and dining. A rare opportunity to own a well-located, income-producing property in one of Costa Mesa’s most sought-after communities.

2940 Peppertree, Costa Mesa

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.