2653 Santa Ana , Costa Mesa, CA 92627
$3,199,000
Est. Payment: $17,557.31/mo
9 Bed
5 Bath
3500 Sqft
0.27 Acres
Status: Active | Days on site: 36
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PB8089 - PWMITCMAR
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House Description

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.

Highlights

Listed by Mario Mitchell , 5622434741 Keller Williams Coastal Prop. , 562-961-1400. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.27

Year Built

1927

County

Orange

Area

C5 - East Costa Mesa

Neighborhood

Eastside Heights (EHCM)

Listing ID

PW26165836

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:9
  • ▪ Bathrooms:5
Water:Public

Exterior Features

Lot:No Land Lease
Garage Capacity:8
Others:
  • ▪ Additional:2+ Total Units, Has ADU
Sewer:Public Sewer
Parking Features:Assigned
Principal Interest
$17,557
Taxes
$2,039

Home Price

$3,199,000

Loan Details

30 yrs
7.307%

Down Payment

20%
$639,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$17,557.31

Principal

Taxes

Principal Taxes HOA Total
Monthly $17,557.31 $2,039.36 $0.00 $19,596.67
Yearly $210,687.69 $24,472.35 $0.00 $235,160.04
Total $6,320,630.59 $734,170.50 $0.00 $7,054,801.09

Today's Rates

30 Year

7.31%

20 Year

7.2%

15 Year

6.65%

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Market insight data is pulled from the same city as the listing being viewed (Costa Mesa, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-10-03T19:10:48.000Z

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