988 El Camino Costa Mesa, CA $ 3,300,000
988 El Camino
$ 3,300,000
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988 El Camino

Costa Mesa, CA, 92626
$ 3,300,000
Bedrooms-- Baths3.0 Sq 5,343

Monthly Estimate*

$ 22,792

Listed by John Allen, Seven Gables Real Estate, johnclydeallen@gmail.com
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Multi-Family Home for sale in Costa Mesa, CA

for $3,300,000 with 3 full baths. This 5,343 square foot home was built in 1964 on a lot size of 0.1542.

Offered at $3,00,000, this 6-unit multifamily property in Costa Mesa provides a strong turn-key opportunity in a supply-constrained market. Originally constructed in 1964 as a 4-plex, the building was expanded in the past year with the addition of two brand-new ADUs completed in 2026. The property now totals 5,267 SF and has been extensively renovated with over $945,000 in recent improvements, including modern unit interiors and durable finishes. The unit mix includes studio, one-, two-, and three-bedroom layouts, designed to capture a wide range of tenant demand. With current rents already strong and additional upside available, investors can benefit from both immediate income and long-term appreciation. Located near South Coast Plaza, The Camp, and major transportation corridors, the property combines stable tenant demand with proven rental performance, making for a strategic investment in a highly sought-after Orange County submarket.

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Multi-Family Active

Price

$ 3,300,000

Full Bath

3

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1542

Year Built

1964

Town/City

Costa Mesa

County/Region

Orange

MLS | Web ID

OC26230822

Days on Market

3

Features
General
Sewer Public Sewer
Heating Central Ductless
Cooling Dual Wall/Window Unit(s)
Utilities Electricity Connected Natural Gas Connected Water Connected
Possession Close Of Escrow
Roof Shingle
Appliances Convection Oven Dishwasher Disposal Microwave
Zoning R-3
HOA Fee 0
Garage Spaces 4
Architectural Style Modern
Pool Features None
Construction Materials Frame Glass
Year Built 1964
Electric 220 Volts in Kitchen 220 Volts in Laundry
Tenant Pays Electricity Gas
View Neighborhood
Stories Count 2
Levels Two
Property Subtype Mixed Use
Gross Income 0
Community Features Biking Golf Park
Accessibility None
County Orange
Net Operating Income 182201
Operating Expense 50861
Insurance Expense 5293
New Construction false
Property Type Residential Income
HOA false
MaintenanceExpense 2400
Subdivision Name Mesa Del Mar
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Adams and Fairview
City Costa Mesa
Disclosures Accessory Dwelling Unit
Entry Location Street
Senior Community Y/N false
Open Parking Spaces 0
Number Of Units Total 6
MLS Area C1 - Mesa Verde
Lot Size Units Square Feet
Lot Size Square Feet 6719
Carport Spaces 0
Number of Units Leased 6
Listing Terms Cash Conventional
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Current Financing None
Property Condition Turnkey
Trash Expense 600
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 48
Total Actual Rent 20444
Property Sub Type Additional Mixed Use
Taxes 38785
Cap Rate 5.52
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Interior
Interior Amenities Granite Counters
Flooring Vinyl
Fireplace Features None
Total Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds Screens
Fireplace Y/N false
Laundry Features Common Area Inside Outside
Entry Level 1
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Exterior
Exterior Amenities Lighting Rain Gutters
Fencing Block Privacy
Parking Features Assigned Door-Single Garage Garage Faces Rear
Lot Features 21-25 Units/Acre Rectangular Lot
Water Source Public
Total Parking 4
Lot Size Area 6719
Foundation Details Slab
Number of Buildings 2
Spa false
Building Area Total 5343
Lot Size Acres 0.1542
Road Surface Type Paved
Private Pool false
Lot Size Source Survey
Door Features Double Door Entry
Number of Separate Water Meters 1
Number of Separate Gas Meters 6
Number of Separate Electric Meters 6
Road Frontage Type City Street
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* Excluded Features
List By
John Allen

Listing Agent

Seven Gables Real Estate

Broker

johnclydeallen@gmail.com

Email

Affordability Calculator

$22,792
Per Month
100%
0%
0%
Monthly Principal & Interest
$22,792
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
10/27/2026$3,300,000 Listed Price

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988 El Camino, Costa Mesa, CA, 92626 is a Multi-Family Home for sale at $3,300,000 with 5,343 sqft and a lot size of 0.1542. 988 El Camino has 3.0 baths and was built in 1964. The property's zip code is 92626 which is in Costa Mesa, CA