984 El Camino Drive is a premier investment opportunity in the sought-after Mesa Del Mar neighborhood of Costa Mesa, CA. This pristine, turnkey property received an infusion of approximately $1.3 million in 2023, encompassing a full exterior renovation and complete interior remodel. Each unit was upgraded with modern, high-end finishes, offering residents top-quality living spaces. Many units feature brand-new in-unit laundry machines, and all are equipped with new air conditioning, heating systems, microwaves, ceiling fans, stainless steel appliances, sinks, and more. The property also offers excellent parking options, with four garages, spaces for four vehicles in front of the garages, and five additional open spots, providing an impressive 2:1 parking ratio. With a 5.1% cap rate based on current rents, this asset presents a compelling opportunity for investors looking for a turnkey property with solid, immediate cash flow potential.
Property Details
Price:
$3,395,000
MLS #:
PW25046836
Status:
Active
Baths:
0
Address:
984 El Camino Drive
Type:
Residential Income
Subtype:
Apartment
Subdivision:
Mesa Del Mar MDMA
Neighborhood:
c4centralcostamesa
City:
Costa Mesa
Listed Date:
Mar 3, 2025
State:
CA
ZIP:
92626
Lot Size:
7,405 sqft / 0.17 acres (approx)
Year Built:
1964
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Schools
Interior
Cooling
Central Air
Fireplace Features
None
Exterior
Community Features
Biking, Curbs, Dog Park, Sidewalks
Garage Spaces
4.00
Lot Features
Lot 6500-9999
Parking Features
Garage
Parking Spots
4.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Private
Financial
Tenant Pays
Electricity, Gas
Map
Community
- Address984 El Camino Drive Costa Mesa CA
- AreaC4 – Central Costa Mesa
- SubdivisionMesa Del Mar (MDMA)
- CityCosta Mesa
- CountyOrange
- Zip Code92626
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984 El Camino Drive
Costa Mesa, CA
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