2653 Santa Ana
Costa Mesa, CA, 92627 $ 3,199,000
Baths1.0 Sq 3,500 Monthly Estimate*
$ 20,199
Listed by Keller Williams Coastal Prop.
Studio for $3,199,000 with 1 full bath. This 3,500 square foot home was built in 1927 on a lot size of 0.2652.
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, eight garages 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.
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FeaturesGeneralSewer Public Sewer
HOA Fee 0
Garage Spaces 0
Pool Features None
Year Built 1927
Tenant Pays Cable TV
Property Subtype Quadruplex
Gross Income 12450
Community Features Biking Curbs Dog Park Golf Street Lights Sidewalks
County Orange
Net Operating Income 9200
Operating Expense 2040
Insurance Expense 200
New Construction false
Property Type Residential Income
HOA false
Contingency No contingency.
Subdivision Name Eastside Heights (EHCM)
Garage Y/N false
Other Structures Shed(s)
Special Listing Conditions Standard
Status Active
Directions Mesa Drive to Santa Ana Avenue
City Costa Mesa
Entry Location Front
Senior Community Y/N false
Open Parking Spaces 8
Number Of Units Total 4
MLS Area C5 - East Costa Mesa
Lot Size Units Square Feet
Lot Size Square Feet 11550
Number of Units Leased 4
Listing Terms Submit
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 800
Fuel Expense 300
Trash Expense 200
Water Sewer Expense 200
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 70
Total Actual Rent 12450
Property Sub Type Additional Quadruplex
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InteriorTotal Stories 2
Common Walls 2+ Common Walls
Laundry Features Inside Outside
Entry Level 1
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ExteriorParking Features Assigned
Water Source Public
Total Parking 8
Lot Size Area 11550
Number of Buildings 4
Building Area Total 3500
Lot Size Acres 0.2652
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 1
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* Excluded FeaturesList ByKeller Williams Coastal Prop.Broker
mariomitchell@kw.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $20,199
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbyMulti-family listings in Costa Mesa, CA
Average List Price $3,174,920
Percent of Sale Price 1%
About Costa Mesa, CA 114,059 Population
4% Since 2002
$ 74,468 Median Income
36.81 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/4/2026 | $3,199,000 | | Listed Price |