$ 1,600,000
-
$1,600,000
Price -
6
Bed -
4
Bath -
2,785
SqFt
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About the Listing U7013 - NP42242
A well-maintained triplex located in the heart of Costa Mesa — one of Orange County's most supply-constrained and desirable coastal rental markets. Situated on a 6,500 SF lot just minutes from South Coast Plaza, Orange Coast College, and Pacific Coast Highway, this three-unit property represents a rare opportunity to acquire a stabilized income-producing asset in one of Southern California's most coveted submarkets. The property consists of two 2-bedroom/1-bath units and one spacious 2-bedroom/1.5-bath unit, totaling 2,785 rentable square feet across two stories. Currently operating at 100% occupancy with below-market rents, the asset presents meaningful upside potential as leases roll to market. Pro forma rents project a 4.22% cap rate with $1,305/month in uncaptured rental upside. The property features private garages, on-site parking, and mature landscaping providing strong curb appeal on one of Costa Mesa's most established streets.
Listing Highlights
Status
Active
Days on Site
37
Property Type
Multi-Family
MLS ®
NP26079066
Year Built
1960
Total Square Footage
2,785
Lot/Acreage
0.15
County
Orange
Area
699 - Not Defined
Interior Details
- Bedrooms: 6
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: 3 car
- Parking Spaces: 6
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: $16,764
- Taxes w/Assessments: N/A
- Tax/Property ID: 14119105
- Tax Year: N/A
Payment Calculator
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Questions About..
1383 Baker Costa Mesa, CA 92626
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