Costa Mesa, CA 92626 1383 Baker
$1,600,000
7 more
Presented By: Ryan Anderson with R L M Equities; 949-290-0199
Baths • 1
SQFT • 2,785
Garage • 3
Home Details
A well-maintained triplex located in the heart of Costa Mesa — one of Orange County's most supply-constrained and desirable coastal rental markets. Situated on a 6,500 SF lot just minutes from South Coast Plaza, Orange Coast College, and Pacific Coast Highway, this three-unit property represents a rare opportunity to acquire a stabilized income-producing asset in one of Southern California's most coveted submarkets. The property consists of two 2-bedroom/1-bath units and one spacious 2-bedroom/1.5-bath unit, totaling 2,785
rentable square feet across two stories. Currently operating at 100% occupancy with below-market rents, the asset presents meaningful upside potential as leases roll to market. Pro forma rents project a 4.22% cap rate with $1,305/month in uncaptured rental upside. The property features private garages, on-site parking, and mature landscaping providing strong curb appeal on one of Costa Mesa's most established streets.
Presented By: Ryan Anderson with R L M Equities; 949-290-0199
Interior Features for 1383 Baker
Other Interior Features
Common Walls1 Common Wall
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level1
General for 1383 Baker
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
CityCosta Mesa
Community FeaturesCurbs
ContingencyPLEASE DO NOT DISTURB TENANTS. DRIVE BY ONLY. CONTACT RYAN ANDERSON FOR MORE INFORMATION
CountyOrange
DirectionsMajor cross streets are Harbor Blvd. & Baker St.
Electric Expense
Entry Location1
Fuel Expense
Garage Spaces3
Garage Y/NYes
Gross Income86952
HOANo
HOA Fee$
Insurance Expense3600
Land Lease Y/NNo
Listing TermsCash to New Loan
Lot Size Square Feet6534
Lot Size UnitsSquare Feet
MLS Area699 - Not Defined
MaintenanceExpense4000
Net Operating Income54050
New ConstructionNo
Number Of Units Total3
Number of Units Leased3
Open Parking Spaces3
Operating Expense30293
Pool FeaturesNone
PostalCityCOSTA MESA
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Annual Amount16764
Tax Lot4, 5
Total Actual Rent7245
Trash Expense0
Water Sewer Expense3234
Year Built1960
Year Built SourcePublic Records
Exterior for 1383 Baker
Building Area Total2785
Lot Features0-1 Unit/Acre
Lot Size Acres0.15
Lot Size Area6534
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Private PoolNo
Total Parking6
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Josh Russell
Realtor®