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$3,963,888
42 Days Online

984 Mission Drive
Costa Mesa, CA 92626

For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths
8,150
SqFt
$486
/SqFt
1964
Built
Subdivision:
,Mesa Del Mar
County:
Orange
Listed by Mark Bridge of Mark Bridge, Broker [email protected]

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310-902-7214
984 Mission Drive984 Mission Drive984 Mission Drive984 Mission Drive
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Roof tune-ups completed in 2024, with 5-year warranty. New electrical panels installed in 2024. This is an exceptional investment opportunity in the sought-after Mesa Del Mar enclave of Costa Mesa. Built in 1964, the property is situated on a 6,935-square-foot lot with well-maintained landscaping that reflects a well-kept property. These buildings offer a diverse configuration of units, including a 3-bedroom/2.5-bathroom townhouse, a 2-bedroom/1.5-bathroom townhouse, a 1-bedroom/1-bathroom unit, and a studio. Residents enjoy amenities such as a gated, lush community courtyard accessible from both the front and rear, six single-car garages, and a community laundry room. Each property is individually metered for gas and electric, and additional income is generated from the laundry facilities and garage rentals. Strategically located, this property offers easy accessibility to the best of Costa Mesa, including South Coast Plaza, The Camp, The LAB, and the Harbor Blvd shopping corridor. Tenants benefit from quick access to major freeways, including the 405, 55, and 73 Freeways. This well-maintained property represents a secure investment in a prime location, with upside potential. Extensive interior renovations across both 984 and 988 Mission Dr include complete remodels in several units with new kitchens, flooring, and bathrooms, while others have partial updates or require further improvements. While recent renovations and updates have improved the property, there remains value-add potential. Several of the current rents are below market, offering opportunities for rent adjustments. Additionally, multiple units could benefit from further upgrades. Moreover, there is potential to develop Accessory Dwelling Units (ADUs) in the courtyards, which would further enhance rental income. Property owners in the Mesa Del Mar area have already capitalized on identical lots by constructing ADUs in the courtyards and underutilized garages, further demonstrating the potential of this investment.

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Listing Snapshot
Price 
$3,963,888
Days Online 
42 Days
Bedrooms 
N/A
Inside Area (SqFt) 
8,150 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.16 Acres
Year Built 
1964
MLS® Number 
OC24192192
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
yesterdayPrice changed to $3,963,888
yesterdayStatus changed to Active
a month agoListing first seen online
a month agoListing updated with changes from the MLS®
General Features
Acres 
0.16
Garage 
Yes
Garage Spaces 
12
Number Of Stories 
2
Parking 
AssignedGarageGarage Faces Rear
Parking Spaces 
12
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
8150
Stories 
Two
Utilities 
Cable AvailableNatural Gas AvailableCable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected
Water Source 
Public
Interior Features
Appliances 
Electric RangeDisposalGas OvenGas RangeRange HoodWater Heater
Heating 
Wall Furnace
Laundry Features 
Common Area
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Exterior Features
Fencing 
Wood
Pool Features 
None
Roof 
CompositionShingle
Community Features
Building Access 
First
Community Features 
CurbsStreet LightsSidewalks
Financing Terms Available 
Cash
MLS Area 
C5 - East Costa Mesa


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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