Property listed by The L3, Colby Reedy 949-445-5562
$2,150,000
2976 Royal Palm Drive, Costa Mesa, CA 92626 presents a compelling investment opportunity in one of the area’s most desirable rental markets. This fully occupied 4-plex generates income from day one, with all four units currently rented and strong tenant demand supporting long-term stability.
The property features four spacious 2-bedroom, 1-bath… Read More units, each with desirable amenities that help attract and retain quality tenants. Located in the highly sought-after Mesa Verde area, it offers the kind of location advantage that typically supports consistent occupancy and future rent growth.
Priced at $2,150,000, this asset is well-positioned for investors seeking reliable cash flow, potential appreciation, and a strong long-term hold in a proven Costa Mesa neighborhood. With immediate rental income already in place, this is the type of property that can deliver both current returns and future upside. Read Less
Listing Snapshot
Days Online
6
Last Updated
Property Type
Quadruplex
Lot Size
0.17 Acres
Year Built
1960
MLS Number
OC26152871
Additional Details
Building
Built in 1960, 1 building, 2 stories, Levels: Two, Entry level: 1, Entry location: 4
Community
StreetLights, Sidewalks, Park
Cooling
None
Expenses
Operating: $38,313
Fireplaces
None
Garage
4 spaces
Heating
WallFurnace
Income
Gross Income: $111,900, Gross ScheduledIncome: $111,900, Net Operating Income: $73,587
Laundry
Inside, Stacked
Lot
0.17 acres, NearPark, NearPublicTransit
Parking
4 open parking spaces, 8 total parking spaces, Garage
ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected, Water Source: Public, Standard, 4 separate electric meters, 4 separate gas meters, 4 separate water meters
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Based on information from California Regional Multiple Listing Service, Inc. as of 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.
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