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.
MLS #
CRPW25046836
MLS Source
California Regional MLS
Days on Site
27
Laundry
Community Facility
Cooling
Central Forced Air
Garage/Parking
Garage, Garage: 4 Car(s)
Water
Private
Listing Agent
Rick Applebaum
Morgan Skenderian
License #: 01273871
Phone: –
Co-Listing Agent
Paul Espinosa
License #: 01942627
Phone: –
# Buildings | # Leased Units | # Total Units |
---|---|---|
2 | – | – |
984 El Camino Dr is a Residential Income in Costa Mesa, CA 92626. This – square foot property sits on a 7,405 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,395,000 and was built in 1964.
This address can also be written as 984 El Camino Dr, Costa Mesa, CA 92626.©2025 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of March 13, 2025. For the most current information, please contact Rick Applebaum