2937 Mendoza Drive, Costa Mesa, CA 92626
- $2,260,000
- Sold Price
- $2,260,000
- List Price
- $2,199,000
- Closing Date
- Jun 01, 2026
- Status
- CLOSED
- MLS#
- NP26087141
- Year Built
- 1964
- Lot Size
- 9,045
- Acres
- 0.21
- Lot Location
- 2-5 Units/Acre, Front Yard, Lawn, Landscaped, Level, Rectangular Lot, Street Level
- Days on Market
- 16
- Property Type
- Multifamily
- Style
- See Remarks, Traditional
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
- Neighborhood
- Mesa Del Mar (Mdma)
Property Description
Investor’s Dream in the Heart of Costa Mesa | Rare Oversized Lot + ADU Potential. Opportunity knocks at 2937 Mendoza Drive, a remodel-ready fourplex positioned on a massive 9,048 SF lot in one of Orange County’s most desirable rental markets. Whether you're looking hold, explore expansion, or upgrade, this rare property offers incredible upside. Each of the four townhome-style units features 2 bedrooms, 1.5 baths, private patios, central heat, ceiling fans, and ample storage throughout—including under-stair closets, kitchen pantries, and spacious baths. Two units have newer flooring, and the front-facing double-pane windows were upgraded in 2017. This is where it gets exciting: the large lot can potentially accommodate two accessory dwelling units (ADUs) and potential garage conversions - see architectural drawings and consult with the city. Additional highlights include 4 garage spaces + 3.5 surface spaces, communal laundry with separate metering (with additional income potential) and storage room (still more income potential), re-piped plumbing (2008), newer roof (2012), and updated water heater (2015–16). Separate gas and electric meters for each unit. Located in the award-winning Newport Mesa Unified School District in a revitalizing neighborhood, this prime location is near South Coast Plaza, OC Fairgrounds, OCC, and has convenient access to the 405, 55 and 73 freeways. Whether you’re an experienced investor, looking for upside investment, renovation potential, acquire a 1031 upleg or to grow with ADUs, 2937 Mendoza has it all. Looking for comps or inspiration for these rental units? Check out ADU drawings within these photos and our virtually remodeled example unit.
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Additional Information
- Appliances
- Gas Cooktop, Gas Oven, Gas Range, Range Hood, Water Heater
- Pool Description
- None
- Heat
- Central, See Remarks
- Cooling Description
- None
- View
- City Lights, Courtyard, Park/Greenbelt, Neighborhood
- Exterior Construction
- Stucco
- Roof
- See Remarks
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public, See Remarks
- Interior Features
- Ceiling Fan(s), Laminate Counters, Open Floorplan, Quartz Counters, Storage, All Bedrooms Up
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $145,608
- Operating Expense
- 39084
Listing courtesy of Listing Agent: Devin Lucas (devin@lucas-real-estate.com) from Listing Office: Coldwell Banker Realty.
Listing sold by Edwin Seryadegar from The Luxury Collection Brokerage Firm
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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 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, 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.