Canyon DR Lot 127
Costa Mesa, CA, 92627
$4,525,000
Beds
0 Baths
0 SqFt
0.34 Acres
Add
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2230 Canyon Drive is a 7-unit multifamily investment opportunity located in the highly desirable city of Costa Mesa, California. Built in 1990, the gated property consists entirely of spacious two-story, 2-bedroom/2.5-bath townhouse-style units, a rare and highly attractive offering in today’s rental market. Six units feature a front patio, back patio, and private balcony, while the rear unit offers a front patio and a large private backyard. Residents benefit from ample parking with eight garages and eight surface spaces, along with the convenience of laundry hookups in every unit. Five units have been thoughtfully renovated with modern finishes including shaker-style cabinetry, vinyl flooring, recessed lighting, and stainless-steel kitchen appliances. The property’s renovation program has proven effective, giving investors an opportunity to capture additional upside through continued upgrades, while current tenants already enjoy generous layouts and abundant private outdoor space that distinguish these units from competing rentals. 2230 Canyon Drive offers residents everyday convenience with walkable access to schools such as Victoria Elementary, Estancia High School, and the Waldorf School of Orange County. Nearby parks and open spaces include Talbert Regional Park, a 180-acre preserve with extensive bike and pedestrian trails, as well as Fairview Park and direct access to the Santa Ana River Trail and Banning Channel Bikeway. Within two miles of the property are Harbor Boulevard and Brookhurst Street, both of which offer an array of retail centers, restaurants, and daily conveniences. 2230 Canyon Drive represents a rare opportunity to acquire a well-maintained coastal Orange County multifamily asset with spacious townhouse layouts, ample outdoor space, in-unit laundry hookups, and clear upside through a proven renovation strategy. This property is well-positioned for investors seeking a high-quality asset with strong renter demand and long-term growth potential in one of Costa Mesa’s most desirable neighborhoods.

Property Details

Price:
$4,525,000
MLS #:
OC25238637
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
699
Listed Date:
Oct 13, 2025
Total Sq Ft:
8,260
Lot Size:
14,810 sqft / 0.34 acres (approx)
Year Built:
1956
699

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Schools

Interior

Heating
FA
Laundry Features
GAS, WH

Exterior

Community Features
SDW, SL, CRB, CW
Parking Spots
16

Financial

Gross Operating Income
$258,990
Maintenance Fee
$7,000
Net Operating Income
$186,344

Map

Community

Market Summary

Current real estate data for Single Family in Costa Mesa as of Oct 30, 2025
100
Single Family Listed
36
Avg DOM
542
Avg $ / SqFt
$1,337,000
Avg List Price

Property Summary

    Canyon DR Lot 127 Costa Mesa CA is a Single Family for sale in Costa Mesa, CA, 92627. It is listed for $4,525,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1956. The average price per square foot for Single Family listings in Costa Mesa is $542. The average listing price for Single Family in Costa Mesa is $1,337,000.

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Canyon DR Lot 127
Costa Mesa, CA