Description

Fully occupied triplex in central Costa Mesa offering in-place income with roughly 18% rental upside. The property consists of two 2-bed/1-bath units and one 2-bed/1.5-bath two-story townhouse, totaling approx. 2,785 SF on a 6,500 SF lot. Current rents are below market, giving an investor a clear path to increase income as units turn. No utility bill-back program is currently in place, providing an immediate opportunity to implement RUBS. Low operating expenses help preserve cash flow as rents move to market. Garage parking on site. Ideally located near Baker St. retail, TeWinkle Park, South Coast Plaza, Orange Coast College, and quick access to the 405 and 55 freeways.

Property details

Year built

1960

Property type

Residential Income

Lot size

6,534 sqft

Location

1383 Baker • Costa Mesa, CA 92626

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

Listing Agent

Ryan Anderson

DRE #: 01939764

Brokerage: R L M Equities

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Closed sales reported in 92626, nearest first, last 12 months. All recent sales in Costa Mesa →

CRMLS

MLS# NP26216295

Listed: 10/5/2026 3:31 AM

Based on information from the California Regional Multiple Listing Service, Inc. as of 10/5/2026 10:40 AM. 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 deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: R L M Equities

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.

Residential Income - 1383 Baker, Costa Mesa, CA