984 988 Mission Drive

Costa Mesa, CA 92626

  • 0 Bed(s)
  • 0 Bath(s)
  • 8,150 Sqft
  • 6970
    Sqft(Lot)
$3,963,888

Description

Roof tune-ups completed in 2024, with 5-year warranty. new electrical panels installed in 2024. this is an exceptional investment opportunity in the sought-after mesa del mar enclave of costa mesa. built in 1964, the property is situated on a 6,935-square-foot lot with well-maintained landscaping that reflects a well-kept property. these buildings offer a diverse configuration of units, including a 3-bedroom/2.5-bathroom townhouse, a 2-bedroom/1.5-bathroom townhouse, a 1-bedroom/1-bathroom unit, and a studio. residents enjoy amenities such as a gated, lush community courtyard accessible from both the front and rear, six single-car garages, and a community laundry room. each property is individually metered for gas and electric, and additional income is generated from the laundry facilities and garage rentals.



strategically located, this property offers easy accessibility to the best of costa mesa, including south coast plaza, the camp, the lab, and the harbor blvd shopping corridor. tenants benefit from quick access to major freeways, including the 405, 55, and 73 freeways. this well-maintained property represents a secure investment in a prime location, with upside potential. extensive interior renovations across both 984 and 988 mission dr include complete remodels in several units with new kitchens, flooring, and bathrooms, while others have partial updates or require further improvements. while recent renovations and updates have improved the property, there remains value-add potential. several of the current rents are below market, offering opportunities for rent adjustments. additionally, multiple units could benefit from further upgrades. moreover, there is potential to develop accessory dwelling units (adus) in the courtyards, which would further enhance rental income. property owners in the mesa del mar area have already capitalized on identical lots by constructing adus in the courtyards and underutilized garages, further demonstrating the potential of this investment.

  • Property Type

    Residential Income

  • County

    Orange

  • Style

    Residential Income

  • AD ID

    46954647

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Composition,Shingle
    • Property Appliances: Electric Range,Disposal,Gas Oven,Gas Range,Range Hood,Water Heater

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1964
    • Building Area Total: 8,150
    • Roof: Composition,Shingle

    Pool Features

    • None

    Laundry Features

    • Common Area

    Fencing

    • Wood

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.16
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 6970

  • Listing Price Information

    • Original List Price: 3,963,888
    • Listing Contract Date: 2024-09-05

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 14166213

  • Garage and Parking

    • Garage Description: Assigned,Door-Single,Garage,Garage Faces Rear

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Pending
    • Source Neighborhood: C5 - East Costa Mesa
    • Postal Code Plus 4: 4231
    • Directions: Head South on Fairview Rd, take a left onto Baker St, Right onto Mendoza Dr, then Left onto Mission Dr. Property will be on your left.
    • Source Property Type: Residential Income
    • Area: C5 - East Costa Mesa
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 60
    • Common Walls: 1 Common Wall
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: First
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 11/21/2024 @ 14:11

  • MLS: OC24192192
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is recently sold, it has 8,150 sqft, 6,970 sized lot, and 12 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Costa Mesa , in zip code 92626, this Orange County Home , it is in the Mesa Del Mar (MDMA) Subdivision, are nearby neighborhoods.