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Listed by eXp Realty of California Inc
$ 1,655,000
Est. payment /mo
Active Under Contract
117 Clearbrook Lane Costa Mesa, CA 92626
2,528 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,528 sqft
Price per Sqft $654
MLS Listing ID CROC25244034
HOA Y/N No
Year Built 1964
Lot Size 7,841 Sqft
Property Sub-Type Triplex
Source Datashare California Regional
Property Description
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 neighborhood
Location
State CA
County Orange
Interior
Cooling No Air Conditioning
Fireplace No
Laundry Other