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$3,300,000

FOR SALE
Active

988 El Camino

Costa Mesa, CA

MLS# OC26230822

Mixed Use
10 days on marketNalren refreshed

Listing Agent

John Allen

Listing Agent

Seven Gables Real Estate

DRE #: 01939546

(714) 651-9706

Brokerage: Seven Gables Real Estate

Property Details

N/A

Bedrooms

N/A

Bathrooms

N/A

Square Feet

1964

Year Built

6,495 sqft

Lot Size

N/A

Price/Sq Ft

4

Garage Spaces

N/A

HOA

Mixed Use

Property Type

Description

Offered at $3,300,000, this 6-unit multifamily property in Costa Mesa provides a strong turn-key opportunity in a supply-constrained market. Originally constructed in 1964 as a 4-plex, the building was expanded in the past year with the addition of two brand-new ADUs completed in 2026. The property now totals 5,267 SF and has been extensively renovated with over $945,000 in recent improvements, including modern unit interiors and durable finishes. The unit mix includes studio, one-, two-, and three-bedroom layouts, designed to capture a wide range of tenant demand. With current rents already strong and additional upside available, investors can benefit from both immediate income and long-term appreciation. Located near South Coast Plaza, The Camp, and major transportation corridors, the property combines stable tenant demand with proven rental performance, making for a strategic investment in a highly sought-after Orange County submarket.

Facts & Features

Interior

Fireplace
No
Laundry Features
Community Laundry, In-Unit Laundry, Outside
Appliances
Convection Oven, Dishwasher, Disposal, Microwave
Flooring
Vinyl
Interior Features
Granite Counters
Window Features
Blinds, Screens

Exterior

Private Pool
No
Roof
Shingle
Exterior Features
Lighting, Rain Gutters
Fencing
Block, Privacy
Lot Features
Rectangular Lot, Twenty One To Twenty Five Units Acre

Building

Year Built
1964
Architectural Style
Modern
Building Area Total
5,293
Levels
Two
Property Condition
Turnkey
Stories Total
2

Utilities

Heating
Central, Ductless
Cooling
Dual, Wall Window Units
Utilities
Electricity Connected, Natural Gas Connected, Water Connected
Sewer
Public Sewer
Water Source
Public

Parking

Garage Spaces
4
Parking Features
Assigned, Door Single, Garage, Garage Faces Rear
Parking Total
4

Community / HOA

HOA
No
Association Fee
$0

Accessibility / Green

Accessibility Features
None

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CRMLS

MLS# OC26230822

Listed:

Nalren refreshed:

Last updated

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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: Seven Gables Real Estate

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.