Costa Mesa, CA 92626,2976 Royal Palm DR
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Costa Mesa, CA 92626,2976 Royal Palm DR
Costa Mesa, CA 92626,2976 Royal Palm DR
Costa Mesa, CA 92626,2976 Royal Palm DR
Costa Mesa, CA 92626,2976 Royal Palm DR
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$ 1,995,000
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2976 Royal Palm DR Costa Mesa, CA 92626

7,348 Sqft Lot


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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Mesa Verde Residential Income (Mvri)

MLS Listing ID PW25237040

HOA Y/N No

Year Built 1960

Lot Size 7,348 Sqft

Property Sub-Type Quadruplex

Property Description

Don't Miss This Prime Investment Opportunity in Coveted Mesa Verde! This 4-plex is located in a distinctive street with a mix of single family homes on one side and well kept multifamily units on the other. Nearby homes are listed around $1.7 million, adding to the appeal and long-term value
of this investment. The property features four spacious 2-bedroom, 1-bath apartments, each fully rented. Every unit includes in-unit washer/dryer hookups, a private 1-car garage, and additional parking directly behind the garage. All units are individually metered for electricity and gas, making it easier to manage and more cost-efficient for both tenants and owner. Three of the four units have direct street-level access, while the fourth unit features a second-floor entrance. Each unit enjoys its own separate entry, providing added independence and privacy for residents. Some of the most recent upgrades include 3 new sub-panels, new furnace in one of the units, concrete walkway and handrail from staircase, roof replaced in 2017, and SB721 compliant (2022). Property has been professionally managed. Perfectly situated minutes from top-rated schools, Mesa Verde Country Club, parks, premier shopping and dining, and Southern California's best beaches. Easy commute with quick access to the 405, 55, and 73 freeways, as well as John Wayne Airport and Newport Beach. This property offers both stability and upside potential in one of Costa Mesa's most desirable neighborhoods.

Location

State CA

County Orange

Area C1 - Mesa Verde

Interior

Heating Wall Furnace

Cooling None

Flooring Carpet

Fireplaces Type None

Fireplace No

Laundry Inside, Stacked

Exterior

Parking Features Door-Single, Garage, On Site

Garage Spaces 4.0

Garage Description 4.0

Fence None

Pool None

Community Features Suburban, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

View Neighborhood

Roof Type Composition,Membrane

Total Parking Spaces 8

Private Pool No

Building

Lot Description Front Yard

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 13920309

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard


CRMLS – RECore
Listed by Pablo Velasquez Advance Realty 714-240-1330
Rachael Stern Hughel

Rachael Stern Hughel

Realtor | License ID: 01218759

+1(818) 397-8177

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2976 Royal Palm DR