120 Lisa Lane Costa Mesa, CA ^$ 2,375,000

120 Lisa Lane

^$ 2,375,000

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Recently Listed

120 Lisa Lane

Costa Mesa, CA, 92627

^$ 2,375,000

Bedrooms-- Baths2.0 Sq 3,148

Monthly Estimate*

^$ 14,996

Listed by Rick Applebaum, Morgan Skenderian, rma@morganskenderian.com

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Multi-Family Home for sale in Costa Mesa, CA

for $2,375,000 with 2 full baths. This 3,148 square foot home was built in 1973 on a lot size of 0.139.

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.

Multi-Family Active

Price

^$ 2,375,000

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.139

Year Built

1973

Town/City

Costa Mesa

County/Region

Orange

MLS | Web ID

PW26211144

Days on Market

Features

General

Sewer Public Sewer

HOA Fee 0

Garage Spaces 4

Pool Features None

Year Built 1973

Property Subtype Apartment

Gross Income 111062

Community Features Biking Curbs Dog Park Golf Park Street Lights Sidewalks

County Orange

Net Operating Income 68755

Operating Expense 38974

Insurance Expense 2806

New Construction false

Property Type Residential Income

HOA false

MaintenanceExpense 3232

Subdivision Name Other

Garage Y/N true

Special Listing Conditions Standard

Status Active

Directions East of the 55 Freeway and South of Mesa Drive.

City Costa Mesa

Entry Location Street

Senior Community Y/N false

Number Of Units Total 3

MLS Area C5 - East Costa Mesa

Lot Size Units Square Feet

Lot Size Square Feet 6053

Listing Terms Cash to New Loan

Property Attached Y/N false

Land Lease Y/N false

Electric Expense 542

Fuel Expense 577

Trash Expense 0

Water Sewer Expense 1077

Additional Parcels Y/N false

Rent Control Y/N true

Building Area Units Square Feet

Standard Status Active

Year Built Source Public Records

Tax Lot 6

Property Sub Type Additional Apartment

Taxes 27067

Cap Rate 2.89

Interior

Total Stories 2

Common Walls No Common Walls

Laundry Features Washer Hookup Electric Dryer Hookup Gas Dryer Hookup

Entry Level 1

Exterior

Lot Features Rectangular Lot

Water Source Public

Total Parking 4

Lot Size Area 6053

Number of Buildings 1

Building Area Total 3148

Lot Size Acres 0.139

Private Pool false

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 3

Number of Separate Electric Meters 3

* Excluded Features

List By

Rick Applebaum

Listing Agent

Morgan Skenderian

Broker

rma@morganskenderian.com

Affordability Calculator

$14,996

Per Month

Monthly Principal & Interest: $14,996
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly 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.

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Nearby

Trends
Schools

Multi-family listings in Costa Mesa, CA

Average List Price ^$2,692,742

Percent of Sale Price 13%

About Costa Mesa, CA

114,059 Population

4% Since 2002

^$74,468 Median Income

36.81 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/28/2026	$2,375,000		Listed Price

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120 Lisa Lane, Costa Mesa, CA, 92627 is a Multi-Family Home for sale at $2,375,000 with 3,148 sqft and a lot size of 0.139. 120 Lisa Lane has 2.0 baths and was built in 1973. The property's zip code is 92627 which is in Costa Mesa, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 10/4/2026. 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.

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120 Lisa Lane

Multi-Family Home for sale in Costa Mesa, CA

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