2976 Royal Palm Drive, Costa Mesa, CA 92626
- $1,975,000
- Sold Price
- $1,975,000
- List Price
- $1,995,000
- Closing Date
- Nov 07, 2025
- Status
- CLOSED
- MLS#
- PW25237040
- Year Built
- 1960
- Lot Size
- 7,350
- Acres
- 0.17
- Lot Location
- Front Yard
- Days on Market
- 12
- Property Type
- Multifamily
- Style
- Contemporary
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
- Neighborhood
- Mesa Verde Residential Income (Mvri)
Property Description
Don’t Miss This Prime Investment Opportunity in Coveted Mesa Verde! This 4-plex is located in a distinctive street with a mix of single family homes on one side and well kept multifamily units on the other. Nearby homes are listed around $1.7 million, adding to the appeal and long-term value of this investment. The property features four spacious 2-bedroom, 1-bath apartments, each fully rented. Every unit includes in-unit washer/dryer hookups, a private 1-car garage, and additional parking directly behind the garage. All units are individually metered for electricity and gas, making it easier to manage and more cost-efficient for both tenants and owner. Three of the four units have direct street-level access, while the fourth unit features a second-floor entrance. Each unit enjoys its own separate entry, providing added independence and privacy for residents. Some of the most recent upgrades include 3 new sub-panels, new furnace in one of the units, concrete walkway and handrail from staircase, roof replaced in 2017, and SB721 compliant (2022). Property has been professionally managed. Perfectly situated minutes from top-rated schools, Mesa Verde Country Club, parks, premier shopping and dining, and Southern California’s best beaches. Easy commute with quick access to the 405, 55, and 73 freeways, as well as John Wayne Airport and Newport Beach. This property offers both stability and upside potential in one of Costa Mesa’s most desirable neighborhoods.
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Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- Neighborhood
- Roof
- Composition, Membrane
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $111,900
- Operating Expense
- 38313
Listing courtesy of Listing Agent: Pablo Velasquez (pablo.closer@gmail.com) from Listing Office: Advance Realty.
Listing sold by Matthew Kanoudi from The L3
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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.