Costa Mesa, CA 92626 998 Mission
$1,975,000
Pending
2 more
Presented By: John Kelly with Seven Gables Real Estate; 949-233-5574
Baths • 1
SQFT • 4,087
Garage • 5
Home Details
Prime multi-family opportunity in the heart of Mesa Verde! This 1964-built property sits on a 6,970 sq ft lot with approximately 4,065 square feet of building area, zoned R3 for multiple units. Located on a quiet street in one of Costa Mesa’s most desirable neighborhoods, you’re just minutes from the Mesa Verde Country Club, Fairview Park, and easy access to the 405. Strong rental demand, walkable area, and solid bones make this a fantastic value-add or redevelopment play. Whether you’re looking to update the existing units or explore new construction potential, this is a rare chance to own in a proven Costa Mesa location.
Presented By: John Kelly with Seven Gables Real Estate; 949-233-5574
Interior Features for 998 Mission
Other Interior Features
Air Conditioning Y/NNo
Common Walls1 Common Wall
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesLaundry Room
Total Stories2
Other Rooms
Entry Level1
General for 998 Mission
Additional Parcels Y/NNo
Architectural StyleTraditional
Building Area UnitsSquare Feet
Cap Rate1.84
CityCosta Mesa
Community FeaturesCurbs, Suburban, Sidewalks
Construction MaterialsStucco
ContingencyDo NOT Disturb Tenants, Drive By Only Please, Call John Kelly 949-233-5574
CoolingNone
CountyOrange
Directions998 Mission Drive, Costa Mesa, CA 92626
ElectricStandard
Entry Location1 and 2
Facing DirectionSouth
Garage Spaces5
Garage Y/NYes
Gross Income1
HOANo
HOA Fee$
HeatingForced Air
Insurance Expense3800
Land Lease Y/NNo
LevelsTwo
Listing TermsCash, Cash to New Loan, Submit
Lot Size Square Feet6970
Lot Size UnitsSquare Feet
MLS AreaC4 - Central Costa Mesa
Net Operating Income38560
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Open Parking Spaces6
Operating Expense286676
Pool FeaturesNone
PostalCityCOSTA MESA
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidential Income
Rent Control Y/NYes
RoofComposition
Security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories Count2
Subdivision NameMesa Del Mar (MDMA)
Tax Lot1
Taxes$22,001
Tenant PaysCable TV, Electricity, Gas
Total Actual Rent5603
Trash Expense360
UtilitiesCable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
ViewNone
Water Sewer Expense1075
Year Built1964
Year Built SourcePublic Records
Exterior for 998 Mission
Building Area Total4087
FencingWood
Foundation DetailsSlab
Lot FeaturesLevel, Rectangular Lot
Lot Size Acres0.16
Lot Size Area6970
Lot Size SourceAppraiser
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Parking FeaturesDoor-Single, Driveway, Garage, Paved, Garage Faces Rear
Private PoolNo
Road Frontage TypeCity Street
Road Surface TypePaved
SpaNo
Total Parking11
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®