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3045 Coolidge

Costa Mesa, CA 92626
  • $1,575,000
  • STATUS: Active Under Contract
  • ON SITE: 85 Days
  • ID#: OC26159419
Under Contract
UPDATED: 55 min ago
$1,575,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Listing Agent(s): Dave Troutt of Seven Gables Real Estate (714-500-3300)


Description

NEW PRICE! Huge Price Improvement . Exceptional Costa Mesa Triplex Investment OpportunityRarely does a property like this become available in one of Costa Mesa's most desirable rental neighborhoods. Situated on a prime corner lot at 3045 Coolidge Avenue, this well-positioned triplex offers an outstanding investment opportunity featuring three spacious 2-bedroom, 1 and 2 bath units, each with generously sized floor plans that consistently appeal to long-term tenants.The property's corner location provides an attractive residential setting, bordered by established single-family homes on one side and multifamily residences on the other—creating the perfect balance of neighborhood charm and strong rental demand. The building offers excellent curb appeal, abundant natural light, and a layout that tenants love.Location is everything, and this property delivers. Residents enjoy walking distance to Paularino Elementary School, nearby parks, neighborhood shopping, restaurants, and everyday conveniences. The property is just minutes from South Coast Plaza, Segerstrom Center for the Arts, Orange Coast College, John Wayne Airport, and the world-famous beaches of Newport Beach and Huntington Beach. Easy access to the 55, 405, and 73 Freeways makes commuting throughout Orange County exceptionally convenient.Costa Mesa continues to be one of Orange County's strongest rental markets, driven by its central location, vibrant employment base, highly desirable coastal lifestyle, and proximity to major business centers. The city boasts more than 80,000 jobs, a thriving economy, outstanding dining and entertainment, and one of Southern California's most sought-after lifestyles—making quality rental housing consistently attractive to tenants.-Three large 2-bedroom units-Prime corner location-Excellent tenant appeal-Walking distance to schools-Strong rental demand-Close to beaches, shopping, employment centers, and freeways-Located in one of Orange County's most desirable investment marketsInvestment opportunities in this location are increasingly difficult to find. This is your chance to own a quality income-producing asset in the heart of Costa Mesa—where strong fundamentals, exceptional location, and long-term appreciation potential come together to create an outstanding real estate investment.A true turnkey addition to any investment portfolio .

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-15T20:37:28.23. 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
www.hometownnorthcounty.com/homes/179076681
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3045 Coolidge Costa Mesa, CA 92626

  • Price: $1,575,000
  • Status: Active Under Contract
  • On Site: 85 Days
  • Updated: 55 min ago
  • ID#: OC26159419
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1962
Built
Neighborhood:
Halecrest (Hale)
County:
Orange
Area:
C3 - South Coast Metro
Property Description
NEW PRICE! Huge Price Improvement . Exceptional Costa Mesa Triplex Investment OpportunityRarely does a property like this become available in one of Costa Mesa's most desirable rental neighborhoods. Situated on a prime corner lot at 3045 Coolidge Avenue, this well-positioned triplex offers an outstanding investment opportunity featuring three spacious 2-bedroom, 1 and 2 bath units, each with generously sized floor plans that consistently appeal to long-term tenants.The property's corner location provides an attractive residential setting, bordered by established single-family homes on one side and multifamily residences on the other—creating the perfect balance of neighborhood charm and strong rental demand. The building offers excellent curb appeal, abundant natural light, and a layout that tenants love.Location is everything, and this property delivers. Residents enjoy walking distance to Paularino Elementary School, nearby parks, neighborhood shopping, restaurants, and everyday conveniences. The property is just minutes from South Coast Plaza, Segerstrom Center for the Arts, Orange Coast College, John Wayne Airport, and the world-famous beaches of Newport Beach and Huntington Beach. Easy access to the 55, 405, and 73 Freeways makes commuting throughout Orange County exceptionally convenient.Costa Mesa continues to be one of Orange County's strongest rental markets, driven by its central location, vibrant employment base, highly desirable coastal lifestyle, and proximity to major business centers. The city boasts more than 80,000 jobs, a thriving economy, outstanding dining and entertainment, and one of Southern California's most sought-after lifestyles—making quality rental housing consistently attractive to tenants.-Three large 2-bedroom units-Prime corner location-Excellent tenant appeal-Walking distance to schools-Strong rental demand-Close to beaches, shopping, employment centers, and freeways-Located in one of Orange County's most desirable investment marketsInvestment opportunities in this location are increasingly difficult to find. This is your chance to own a quality income-producing asset in the heart of Costa Mesa—where strong fundamentals, exceptional location, and long-term appreciation potential come together to create an outstanding real estate investment.A true turnkey addition to any investment portfolio .
Exterior Features

Entry Level 1 Entry Location 1 Lot Features Corner LotFront YardLawnLandscaped Number Of Separate Electric Meters 3 Parking Total 3 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common WallsEnd UnitNo One Above

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.94 Common Interest None Community Features CurbsGutter(s)Street LightsSuburbanSidewalks Electric Expense 720 Garage YN Yes Gross Income 5700 Gross Scheduled Income 104520 Insurance Expense 2500 Land Lease YN No Laundry Features Inside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventionalCourt ApprovalFHA Net Operating Income 77780 New Construction YN No New Taxes Expense 18900 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 26740 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TVElectricityGasParking FeeTelephone Total Actual Rent 8735 Trash Expense 1980 Water Sewer Expense 1200 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-15T20:37:28.23. 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
 
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eXp Realty of California Inc.
2603 Camino Ramon Suite 200
San Ramon CA, 94583
Listing Agent(s): Dave Troutt of Seven Gables Real Estate (714-500-3300)