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$ 2,199,000
Est. payment /mo
New
2937 Mendoza Drive Costa Mesa, CA 92626
4 Beds
4 Baths
9,045 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Mesa Del Mar (Mdma)
MLS Listing ID NP26087141
Bedrooms 4
Lot Size 9,045 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Investors Dream in the Heart of Costa Mesa | Rare Oversized Lot + ADU Potential. Opportunity knocks at 2937 Mendoza Drive, a remodel-ready fourplex positioned on a massive 9,048 SF lot in one of Orange Countys most desirable rental markets. Whether you're looking hold, explore expansion, or upgrade, this rare property offers incredible upside. Each of the four townhome-style units features 2 bedrooms, 1.5 baths, private patios, central heat, ceiling fans, and ample storage throughoutincluding under-stair closets, kitchen pantries, and spacious baths. Two units have newer flooring, and the front-facing double-pane windows were upgraded in 2017. This is where it gets exciting: the large lot can accommodate two accessory dwelling units (ADUs) and potential garage conversions - see architectural drawings and consult with the city. Additional highlights include 4 garage spaces + 3.5 surface spaces, communal laundry with separate metering (with additional income potential) and storage room (still more income potential), re-piped plumbing (2008), newer roof (2012), and updated water heater (201516). Separate gas and electric meters for each unit. Located in the award-winning Newport Mesa Unified School District in a revitalizing neighborhood, this prime location is near South Coast Plaza, OC Fairgrounds, OCC, and has convenient access to the 405, 55 and 73 freeways. Whether youre an experienced investor, looking for upside investment, renovation potential, acquire a 1031 upleg or to grow with ADUs, 2937 Mendoza has it all. Looking for comps or inspiration for these rental units? C
Location
State CA
County Orange
Zoning Public Rec
Direction From Baker Street, turn onto Mendoza Drive, building will be on the right.
Interior
Heating Other/Remarks
Fireplace No
Exterior
View Y/N No
Roof Type Other/Remarks
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 14122134
Virtual Tour https://vimeo.com/1186406912?share=copy&fl=sv&fe=ci
Listed by Devin Lucas, DRE#01912302 Coldwell Banker Realty