988 El Camino
C1 - Mesa Verde Costa Mesa 92626

$3,300,000
Residential Income built: 1964

Main Photo: 988 El Camino in Costa Mesa: Residential Income for sale (C1 - Mesa Verde) : MLS®# OC26230822
Photo 1: 988 El Camino in Costa Mesa: Residential Income for sale (C1 - Mesa Verde) : MLS®# OC26230822
Photo 2: 988 El Camino in Costa Mesa: Residential Income for sale (C1 - Mesa Verde) : MLS®# OC26230822
Photo 3: 988 El Camino in Costa Mesa: Residential Income for sale (C1 - Mesa Verde) : MLS®# OC26230822
Photo 4: 988 El Camino in Costa Mesa: Residential Income for sale (C1 - Mesa Verde) : MLS®# OC26230822
Photo 5: 988 El Camino in Costa Mesa: Residential Income for sale (C1 - Mesa Verde) : MLS®# OC26230822
Photo 6: 988 El Camino in Costa Mesa: Residential Income for sale (C1 - Mesa Verde) : MLS®# OC26230822
Photo 7: 988 El Camino in Costa Mesa: Residential Income for sale (C1 - Mesa Verde) : MLS®# OC26230822
Photo 8: 988 El Camino in Costa Mesa: Residential Income for sale (C1 - Mesa Verde) : MLS®# OC26230822
Photo 9: 988 El Camino in Costa Mesa: Residential Income for sale (C1 - Mesa Verde) : MLS®# OC26230822
Photo 10: 988 El Camino in Costa Mesa: Residential Income for sale (C1 - Mesa Verde) : MLS®# OC26230822
Photo 11: 988 El Camino in Costa Mesa: Residential Income for sale (C1 - Mesa Verde) : MLS®# OC26230822
Photo 12: 988 El Camino in Costa Mesa: Residential Income for sale (C1 - Mesa Verde) : MLS®# OC26230822
Photo 13: 988 El Camino in Costa Mesa: Residential Income for sale (C1 - Mesa Verde) : MLS®# OC26230822
Photo 14: 988 El Camino in Costa Mesa: Residential Income for sale (C1 - Mesa Verde) : MLS®# OC26230822
Status:
Active
Prop. Type:
Residential Income
MLS® Num:
OC26230822
Year Built:
1964
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.
Parking Map
Home Style:
Modern
Property Sub Type:
Mixed Use
Property Attached:
Yes
Lot Area:
6,719 sq. ft.
Bathrooms:
- (Full:-, Half:-)
Year built:
1964 (Age: 62)
General Listing Location:
Costa Mesa, C1 - Mesa Verde
County Or Parish:
Orange
Tenant Pays:
Electricity, Gas
Common Interest:
None
Gross Income:
$0
Gross Scheduled Income:
$245,328
Net Operating Income:
$182,201
Cap Rate %:
5.52
Rent Control:
No
Total Actual Rent:
$20,444
Association Fee:
$0
Land Lease:
No
Gardener expense:
2400.0
Insurance Expense:
$5,293
Maintenance Expense:
$2,400
Taxes expense:
38785.0
Operating Expense:
$50,861
Other Expense:
$0
Professional Management Expense:
$0
Trash Expense:
$600
Water and Sewer Expense:
$0
Vacancy Allowance:
$12,266
Tax Lot:
48
Tax Tract:
5011
Adams and Fairview
Floor
Type
Size
Other
-
Living Room
Measurements not available
-
-
Kitchen
Measurements not available
-
View:
Neighborhood
Appliances:
Convection Oven, Dishwasher, Disposal, Microwave
Accessibility Features:
None
Number of Buildings:
2
# of Electric Meters:
6
# of Gas Meters:
6
# of Water Meters:
1
# Units Leased:
6
Community Features:
Biking, Golf, Park
Senior Community:
No
Interior Features:
Granite Counters
Exterior Features:
Lighting, Rain Gutters
Laundry Features:
Common Area, Inside, Outside
Door Features:
Double Door Entry
Window Features:
Blinds, Screens
Pool Features:
None
Private Pool:
No
Spa Features:
None
Lot Features:
21-25 Units/Acre, Rectangular Lot
Fireplace Features:
None
Subdivision Name:
Mesa Del Mar
Levels:
Two
Num Stories:
2
Entry Level:
1
Entry Location:
Street
Construction Materials:
Frame, Glass
New Constr.:
No
Flooring:
Vinyl
Foundation:
Slab
Roof:
Shingle
Common Walls:
2+ Common Walls
# Units:
6
Property Condition:
Turnkey
Heating:
Central, Ductless
Fireplace:
No
Cooling:
Dual, Wall/Window Unit(s)
Utilities:
Electricity Connected, Natural Gas Connected, Water Connected
Electricity:
220 Volts in Kitchen, 220 Volts in Laundry
Fencing:
Block, Privacy
Water supply:
Public
Sewer:
Public Sewer
Spa:
No
Road Frontage Type:
City Street
Road Surface Type:
Paved
Garage Spaces:
4
Uncovered Spaces:
0
Carport Spaces:
0
Total Parking Spaces:
4
Parking Features:
Assigned, Door-Single, Garage, Garage Faces Rear
Special Listing Conditions:
Standard
Parcel Number:
14166431
Zoning:
R-3
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Listed by Seven Gables Real Estate
Data was last updated October 27, 2026 at 10:40 PM (UTC)
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Based on information from California Regional Multiple Listing Service, Inc. as of October 27, 2026 at 10:40 PM (UTC) and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.