Royal Palm DR Lot 29
Costa Mesa, CA, 92626
$1,995,000
Beds
0 Baths
0 SqFt
0.17 Acres
Add
MLS #PW25237040 image #0MLS #PW25237040 image #1MLS #PW25237040 image #2MLS #PW25237040 image #3MLS #PW25237040 image #4MLS #PW25237040 image #5MLS #PW25237040 image #6MLS #PW25237040 image #7MLS #PW25237040 image #8MLS #PW25237040 image #9MLS #PW25237040 image #10
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.

Property Details

Price:
$1,995,000
MLS #:
PW25237040
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Quadruplex
Subdivision:
Mesa Verde Residential Income MVRI
Neighborhood:
c1
Listed Date:
Oct 14, 2025
Total Sq Ft:
3,550
Lot Size:
7,350 sqft / 0.17 acres (approx)
Year Built:
1960
C1C1Mesa Verde Residential Income Mvri

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Schools

Interior

Cooling
NO
Flooring
CARP
Heating
WL
Laundry Features
IN, STK

Exterior

Architectural Style
CNT
Community Features
SDW, SUB
Parking Spots
8
Roof
CMP, MBN
Security Features
SD, COD

Financial

Gross Operating Income
$111,900
Net Operating Income
$73,587

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

    Located in the Mesa Verde Residential Income (MVRI) subdivision, Royal Palm DR Lot 29 Costa Mesa CA is a Single Family for sale in Costa Mesa, CA, 92626. It is listed for $1,995,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1960. 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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