117 Clearbrook LN Active Save Request In-Person Tour Request Virtual Tour
Costa Mesa,CA 92626
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25244034
Year Built 1964
Lot Size 7,840 Sqft
Property Sub-Type Triplex
Property Description
Discover a rare triplex investment opportunity in Costa Mesa offering stable income, below-market rents, and long-term upside potential. Ideally located across from the OC Fairgrounds and Vanguard University, this property attracts consistent tenant demand year-round from students, professionals, and event traffic. The property features three well-maintained units—two 1-bedroom residences and one 2-bedroom, 1-bath home—each with its own private laundry, fenced outdoor area, and single-car garage. The 2-bedroom unit has been updated with modern finishes, while the other two offer immediate rental growth potential through light cosmetic improvements. Situated on a 7,841-square-foot lot with separate gas and electric meters, this triplex delivers low operating expenses and strong future returns. Current gross income is approximately $91,000 annually, with market rents projected to exceed $100,000+ based on nearby comparable properties. Perfect for investors seeking passive income in Orange County or those completing a 1031 Exchange, 117 Clearbrook Ln combines prime location, dependable tenants, and opportunity for value-add appreciation. Explore options for ADU conversion, or long-term hold in one of Costa Mesa's most central neighborhoods—minutes from South Coast Plaza, John Wayne Airport, and Newport Beach.
Highlights:
Fully occupied triplex with strong tenant history
Two 1-bed units + one 2-bed unit with modern upgrades
Each unit includes private laundry & garage
Excellent 1031 Exchange replacement property
Near OC Fairgrounds, Vanguard University & 55 Freeway
Market rent growth + ADU potential for added income
Offered at $1,739,000 | Approx. 4% Cap Rate | 2,528 SQFT
Location
State CA
County Orange
Area C4 - Central Costa Mesa
Interior
Cooling None
Fireplaces Type None
Laundry Outside
Exterior
Parking Features Garage
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Biking,Curbs,Gutter(s),Urban
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard