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$3,395,000

Beds
Unknown
sq ft
Unknown

984 El Camino Dr, Costa Mesa, CA 92626

984 El Camino Dr

Costa Mesa, CA 92626

  • 32 days on market
    • Price drop $55,000↓
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.

Details

Property type

Apartment

Lot size

7,405 sq ft

Price per sq ft

Unknown

Year built

1964

Price History

03/13/2025
CRMLS

CRMLS #PW25046836

Price change
$3,395,000
-1.59%
03/03/2025
CRMLS

CRMLS #PW25046836

Listed
$3,450,000
-1.4%
10/15/2024
CRMLS

CRMLS #OC24142557

Removed
$3,499,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Sidewalks

Status: Active

Tomo last checked: 04/04/2025 at 2:20 AM

Listing updated: 03/12/2025 at 6:00 PM

Listed by: Rick Applebaum, Rick Applebaum, Morgan SkenderianMorgan Skenderian Phone #: (949) 251-8800

MLS: CRMLS #PW25046836

CRMLS logo

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