Costa Mesa homes
For sale5 days on market
$3,300,000

988 El Camino, Costa Mesa, CA 92626

—
Beds
—
Baths
—
Sq ft

About this home

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.

Type
Commercial/Residential
Year built
1964
Lot
6,719 sq ft
Garage
4 car
HOA
None
Pool
No
View
Neighborhood
Solar
—
Estimated payment
$20,812/mo
  • Principal & interest$16,687
  • Property tax (est.)$3,163
  • Home insurance (est.)$963

Example only, not a loan offer. Rate is a placeholder; ask a lender for today's. Taxes vary by neighborhood (Mello-Roos).

Listing provided courtesy of John Allen, Seven Gables Real Estate, 714-651-9706. MLS# OC26230822. Based on information from California Regional Multiple Listing Service, Inc. as of November 1, 2026 at 7:26 AM Pacific. Information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use to identify prospective properties they may be interested in purchasing. Coldwell Banker Associated Brokers Realty, CA DRE #00939614.

Similar homes in Costa Mesa