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Listed by: Colby Reedy (949) 445-5562 DRE #01943839, Matthew Kanoudi DRE #01419924 | The L3 (714) 444-4663
$2,150,000
Monthly Est:$10,701
8 Beds
4 Baths
7,405sqft
2976 Royal Palm, Costa Mesa, CA 92626
$2,150,000
$10,701/moEst:
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Quadruplex
Built in 1960
$-- HOA
7,405 sqft lot
$290/sq.ft
Description
2976 Royal Palm Drive, Costa Mesa, CA 92626 presents a compelling investment opportunity in one of the area’s most desirable rental markets. This fully occupied 4-plex generates income from day one, with all four units currently rented and strong tenant demand supporting long-term stability.
The property features four spacious 2-bedroom, 1-bath units, each with desirable amenities that help attract and retain quality tenants. Located in the highly sought-after Mesa Verde area, it offers the kind of location advantage that typically supports consistent occupancy and future rent growth.
Priced at $2,150,000, this asset is well-positioned for investors seeking reliable cash flow, potential appreciation, and a strong long-term hold in a proven Costa Mesa neighborhood. With immediate rental income already in place, this is the type of property that can deliver both current returns and future upside.
- Houzeo last checked: 2 hours ago
- Listing updated: July 16, 2026 at 1:25 pm
- Source: California Regional MLS-CA | MLS#: OC26152871
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1960
HOA Fees
-
Finished Area
7,405 sqft
Lot Size
7,405 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
OC26152871
MLS Status
Active
Days on Market
85
Cumulative Days on Market
1
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 4
Interior
Sewer
Public Sewer
Cooling
None
Heating
Wall Furnace
Utilities & Energy
Water Source
Public
Laundry Features
Inside, Stacked
Fireplace Features
None
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Parking Features
Garage
Electric
Standard
Pool Features
None
Other Features
Tenant Pays
All Utilities, Electricity, Gas
Community Features
Street Lights, Sidewalks, Park
Lot Features
Near Park, Near Public Transit
Subdivision Name
Mesa Verde Residential Income (mvri)
Price History
| Date | Event | Price |
|---|---|---|
07/15/2026 Source: | Listed for Sale | $2,150,000 $290/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 09, 2026, 02:30PM and /or other sources. 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 being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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