Description

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 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.

Property details

Year built

1960

Property type

Residential Income

Lot size

7,405 sqft

Location

2976 Royal Palm • Costa Mesa, CA 92626

More homes for sale and rent in Costa Mesa, CA →

Listed by

Colby Reedy · The L3

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Recent sales near 2976 Royal Palm

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3030 SAMOA: Sold $1,595,000 · 4 bd · 3 ba · 2,080 sqft · Jul 2026 · 0.4 mi
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1424 Deauville Place: Sold $794,000 · 3 bd · 3 ba · 1,100 sqft · Sep 2026 · 0.5 mi
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Closed sales reported in 92626, nearest first, last 12 months. All recent sales in Costa Mesa →

Residential Income - 2976 Royal Palm, Costa Mesa, CA