117 Clearbrook Lane, Costa Mesa, CA 92626

About this triplex

See the property video for more information. Discover a rare triplex investment opportunity in Costa Mesa offering stable income, below-market rents, and long-term upside potential. Ideally located across from the OC Fairgrounds and Vanguard University, this property attracts consistent tenant demand year-round from students, professionals, and event traffic. The property features three well-maintained units—two 1-bedroom residences and one 2-bedroom, 1-bath home—each with its own private laundry, fenced outdoor area, and single-car garage. The 2-bedroom unit has been updated with modern finishes, while the other two offer immediate rental growth potential through light cosmetic improvements. Situated on a 7,841-square-foot lot with separate gas and electric meters, this triplex delivers low operating expenses and strong future returns. Current gross income is approximately $95,000 annually, with market rents projected to exceed $100,000+ based on nearby comparable properties. Perfect for investors seeking passive income in Orange County or those completing a 1031 Exchange, 117 Clearbrook Ln combines prime location, dependable tenants, and opportunity for value-add appreciation. Explore options for ADU conversion, or long-term hold in one of Costa Mesa’s most central neighborhoods—minutes from South Coast Plaza, John Wayne Airport, and Newport Beach. Highlights: Fully occupied triplex with strong tenant history Two 1-bed units + one 2-bed unit with modern upgrades Each unit includes private laundry & garage Excellent 1031 Exchange replacement property Near OC Fairgrounds, Vanguard University & 55 Freeway Market rent growth + ADU potential for added income Approx. 4+% Cap Rate | 2,528 SQFT

Listing description from the February 2026 sale, as reported to CRMLS.

Sale history

$1,650,000

Sold February 2026 · listed $1,655,000, orig. $1,739,000, on market October 2025 · MLS #OC25244034 · Source: CRMLS

Listing Agent: Melissa Wiesen · Listing Office: eXp Realty of California Inc · Contact: 949-887-6644 · Bought with: Afshin Jafari Mojarad · Afshin Jafari, Broker

$1,600,000

Sold October 2023 · listed $1,579,000, on market August 2023 · MLS #NP23152043 · Source: CRMLS

Listing Agent: Mark Jacques · Listing Office: Berkshire Hathaway HomeService · Contact: 949-644-6200 · Bought with: Jon Pugh · eXp Realty of California

$1,025,000

Sold October 2018 · listed $1,075,000, orig. $1,125,000, on market September 2018 · MLS #OC18218501 · Source: CRMLS

Listing Agent: Bob Walz · Listing Office: New Dimension Investment Prop · Contact: 714-557-9000 · Bought with: Bob Walz · New Dimension Investment Prop

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