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Listed by Chris Keramati, DRE #01702116 • Triqor Group
$ 2,150,000
Est. payment | /mo
8,001 Sqft Lot
$ 2,150,000
Est. payment | /mo
8,001 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26163488
Year Built 1965
Lot Size 8,001 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Coriander Drive is a rare four-unit investment opportunity located on the spice streets in the highly sought-after Mesa Verde neighborhood of Costa Mesa. The property features an exceptional unit mix consisting of one spacious three-bedroom unit and three well-designed two-bedroom units, catering to a broad tenant base seeking larger floor plans with units ranging from 1000-1600 sqft. in one of Orange County's most desirable rental markets. The property has been well maintained and benefits from recent exterior improvements, including upgrades staircases, new windows, new tankless water heater, allowing a new owner to capitalize on a stable in-place income stream while continuing to enhance the asset over time. Positioned on a generous lot with seven on-site parking spaces, the property offers an amenity that is increasingly valuable in the Costa Mesa market. With below-market rents, investors have the opportunity to achieve meaningful rental upside as units naturally turn over, creating the potential for increased cash flow and long-term appreciation.
Location
State CA
County Orange
Area 699 - Not Defined
Interior
Laundry Laundry Area
Exterior
Garage Spaces 7.0
Pool None
Building
Lot Description Irregular
Water District - Public
Others
Tax ID 13949202
Special Listing Condition Not Applicable

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