2937 Mendoza Drive Costa Mesa, CA $ 2,199,000
2937 Mendoza Drive
$ 2,199,000
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2937 Mendoza Drive

Costa Mesa, CA, 92626
$ 2,199,000
Baths1.1 Sq 4,701

Monthly Estimate*

$ 13,540

Listed by Coldwell Banker Realty
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View a Virtual Tour
Studio

Multi-Family Home for sale in Costa Mesa, CA

for $2,199,000 with 1 full bath, 1 half bath. This 4,701 square foot home was built in 1964 on a lot size of 0.2076.

Investor’s Dream in the Heart of Costa Mesa | Rare Oversized Lot + ADU Potential. Opportunity knocks at 2937 Mendoza Drive, a remodel-ready fourplex positioned on a massive 9,048 SF lot in one of Orange County’s most desirable rental markets. Whether you're looking hold, explore expansion, or upgrade, this rare property offers incredible upside. Each of the four townhome-style units features 2 bedrooms, 1.5 baths, private patios, central heat, ceiling fans, and ample storage throughout—including under-stair closets, kitchen pantries, and spacious baths. Two units have newer flooring, and the front-facing double-pane windows were upgraded in 2017. This is where it gets exciting: the large lot can accommodate two accessory dwelling units (ADUs) and potential garage conversions - see architectural drawings and consult with the city. Additional highlights include 4 garage spaces + 3.5 surface spaces, communal laundry with separate metering (with additional income potential) and storage room (still more income potential), re-piped plumbing (2008), newer roof (2012), and updated water heater (2015–16). Separate gas and electric meters for each unit. Located in the award-winning Newport Mesa Unified School District in a revitalizing neighborhood, this prime location is near South Coast Plaza, OC Fairgrounds, OCC, and has convenient access to the 405, 55 and 73 freeways. Whether you’re an experienced investor, looking for upside investment, renovation potential, acquire a 1031 upleg or to grow with ADUs, 2937 Mendoza has it all. Looking for comps or inspiration for these rental units? Check out ADU drawings within these photos and our virtually remodeled example unit.

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Multi-Family Contingent

Price

$ 2,199,000

Bedrooms

Studio

Full Bath

1

Half Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.2076

Year Built

1964

Town/City

Costa Mesa

County/Region

Orange

MLS | Web ID

NP26087141

Days on Market

110

Features
General
Sewer Public Sewer
Heating Central See Remarks
Cooling None
Utilities Cable Available Electricity Available Electricity Connected Natural Gas Available Natural Gas Connected Phone Available Sewer Available Sewer Connected See Remarks Water Available Water Connected
Roof See Remarks
Appliances Gas Cooktop Gas Oven Gas Range Range Hood Water Heater
HOA Fee 0
Garage Spaces 4
Architectural Style See Remarks Traditional
Pool Features None
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Stucco
Exclusions Washer and dryer.
Year Built 1964
Tenant Pays Electricity Gas
View City Lights Courtyard Park/Greenbelt Neighborhood
Stories Count 2
Levels Two
Property Subtype Quadruplex
Gross Income 145608
Community Features Curbs Dog Park Gutter(s) Park Street Lights Suburban Sidewalks
County Orange
Net Operating Income 106524
Operating Expense 39084
Insurance Expense 4405
New Construction false
Property Type Residential Income
HOA false
Subdivision Name Mesa Del Mar (MDMA)
Garage Y/N true
Special Listing Conditions Standard
Status Active Under Contract
Directions From Baker Street turn onto Mendoza Drive building will be on the right.
City Costa Mesa
Entry Location 1
Senior Community Y/N false
Open Parking Spaces 3.5
Number Of Units Total 4
MLS Area C4 - Central Costa Mesa
Lot Size Units Square Feet
Lot Size Square Feet 9045
Number of Units Leased 0
Listing Terms Submit
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 480
Fuel Expense 0
Property Condition Fixer
Trash Expense 3835
Water Sewer Expense 3072
Additional Parcels Y/N false
Rent Control Y/N true
Virtual Tour https://vimeo.com/1186406912?share=copy&fl=sv&fe=ci https://vimeo.com/1186406912?share=copy&fl=sv&fe=ci
Building Area Units Square Feet
Standard Status Active Under Contract
Year Built Source Public Records
Tax Lot 141
Total Actual Rent 0
Property Sub Type Additional Quadruplex
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Interior
Interior Amenities Ceiling Fan(s) Laminate Counters Open Floorplan Quartz Counters Storage All Bedrooms Up
Flooring Carpet See Remarks Vinyl
Fireplace Features None
Total Stories 2
Common Walls 1 Common Wall
Air Conditioning Y/N false
Heating Y/N true
Window Features Blinds Double Pane Windows
Fireplace Y/N false
Laundry Features Common Area Laundry Room See Remarks
Entry Level 1
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Exterior
Fencing Wood
Lot Features 2-5 Units/Acre Front Yard Lawn Landscaped Level Rectangular Lot Street Level
Water Source Public See Remarks
Total Parking 7.5
Lot Size Area 9045
Foundation Details Slab
Number of Buildings 1
Spa false
Building Area Total 4701
Lot Size Acres 0.2076
Road Surface Type Paved
Private Pool false
Lot Size Source Public Records
Door Features Sliding Doors
Number of Separate Water Meters 1
Number of Separate Gas Meters 5
Number of Separate Electric Meters 5
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* Excluded Features
List By
Coldwell Banker Realty

Broker

devin@lucas-real-estate.com

Email

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$13,540
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Monthly Principal & Interest
$13,540
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/25/2026$2,199,000 Listed Price

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2937 Mendoza Drive, Costa Mesa, CA, 92626 is a Multi-Family Home for sale at $2,199,000 with 4,701 sqft and a lot size of 0.2076. 2937 Mendoza Drive is a studio with 1.1 baths and was built in 1964. The property's zip code is 92626 which is in Costa Mesa, CA