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Listed by Melissa Wiesen • eXp Realty of California Inc
$ 1,739,000
Est. payment /mo
Active
117 Clearbrook LN Costa Mesa, CA 92626
7,841 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25244034
Year Built 1964
Lot Size 7,841 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
Discover a rare triplex investment opportunity in Costa Mesa offering stable income, below-market rents, and long-term upside potential. Ideally located across from the OC Fairgrounds and Vanguard University, this property attracts consistent tenant demand year-round from students, professionals, and event traffic. The property features three well-maintained units-two 1-bedroom residences and one 2-bedroom, 1-bath home-each with its own private laundry, fenced outdoor area, and single-car garage. The 2-bedroom unit has been updated with modern finishes, while the other two offer immediate rental growth potential through light cosmetic improvements. Situated on a 7,841-square-foot lot with separate gas and electric meters, this triplex delivers low operating expenses and strong future returns. Current gross income is approximately $91,000 annually, with market rents projected to exceed $100,000+ based on nearby comparable properties. Perfect for investors seeking passive income in Orange County or those completing a 1031 Exchange, 117 Clearbrook Ln combines prime location, dependable tenants, and opportunity for value-add appreciation. Explore options for ADU conversion, or long-term hold in one of Costa Mesa's most central neighborhoods-minutes from South Coast Plaza, John Wayne
Location
State CA
County Orange
Area C4 - Central Costa Mesa
Interior
Cooling None
Laundry Other
Exterior
Parking Features Garage
Garage Spaces 4.0
Pool 31, None
Building
Water District - Public
Others
Tax ID 41914119
Special Listing Condition Not Applicable
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