984 El Camino Drive, Costa Mesa CA, 92626

Active

984 El Camino Drive

Costa Mesa CA, 92626

$3,450,000

$658.27 per sqft

Active

5,241 sqft

Condos

Built in 1964

Listed by Rick Applebaum with Morgan Skenderian [email protected]

984 El Camino Drive is a premier investment opportunity in the sought-after Mesa Del Mar neighborhood of Costa Mesa, CA. This pristine, turnkey property received an infusion of approximately $1.3 million in 2023, encompassing a full exterior renovation and complete interior remodel. Each unit was upgraded with modern, high-end finishes, offering residents top-quality living spaces. Many units feature brand-new in-unit laundry machines, and all are equipped with new air conditioning, heating systems, microwaves, ceiling fans, stainless steel appliances, sinks, and more. The property also offers excellent parking options, with four garages, spaces for four vehicles in front of the garages, and five additional open spots, providing an impressive 2:1 parking ratio. With a 5.0% cap rate based on current rents, this asset presents a compelling opportunity for investors looking for a turnkey property with solid, immediate cash flow potential.

PW25046836

MLSⓇ ID

March 3, 2025

Listed

March 4, 2025

Updated

Interior Features

Total Stories: 2
Laundry Description: Common Area, Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
Fireplace: No
Fireplace Description: None
Cooling: Yes
Cooling Description: Central Air
Heating: No

Exterior/Building Features

Lot Size: 0.17 Acres
Sewer: Public Sewer

Other Property Details

Area Name: C4 - Central Costa Mesa
Garage: Yes
Garage Spaces: 4
Parking: Garage
Parking Total: 4
View: No
County: Orange
Water Source: Private
Pool: No
Pool Features: None

Listing Contact: 949-251-8800

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/4/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/4/2025 at 11:40 AM UTC