About This Home

This 12-bedroom, 10-bathroom commercial at 988 El Camino in Costa Mesa, CA is listed for $3,300,000. Built in 1964, on a 0.15 acres lot.

Key Features

  • Built in 1964
  • 0.15 acre lot
  • 2 stories
  • 4 parking spaces

Property Details

2 stories
10 full
4-car garage
1964

Amenities

A/C
Listing Description

Offered at $3,00,000, this 6-unit multifamily property in Costa Mesa provides a strong turn-key opportunity in a supply-constrained market. Originally constructed in 1964 as a 4-plex, the building was expanded in the past year with the addition of two brand-new ADUs completed in 2026.

The property now totals 5,267 SF and has been extensively renovated with over $945,000 in recent improvements, including modern unit interiors and durable finishes. The unit mix includes studio, one-, two-, and three-bedroom layouts, designed to capture a wide range of tenant demand.

With current rents already strong and additional upside available, investors can benefit from both immediate income and long-term appreciation. Located near South Coast Plaza, The Camp, and major transportation corridors, the property combines stable tenant demand with proven rental performance, making for a strategic investment in a highly sought-after Orange County submarket.

Monthly Cost Estimate

$17,649/mo

20% down · 6.5% · 30 years

Principal$2,387
Interest$14,300
Insurance$963

Estimates only. Actual payments may vary.

Location

988 El Camino

Costa Mesa, CA 92626

Other (OTHR)

Features & Amenities

Interior Features

Granite Counters

Property Details

Flooring

Vinyl

Construction

Frame Glass

Parking

AssignedGarage

Heating

CentralDuctless (Heating)

Cooling

Wall/Window Unit(s)Window Unit(s)

Appliances

Convection OvenDisposalMicrowaveDishwasher

Questions & Answers

This 12-bedroom, 10-bathroom commercial at 988 El Camino is listed at $3,300,000. The estimated monthly payment is $17,650 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1964, 0.15 acre lot, 2 stories, 4 parking spaces. Interior Features: Granite Counters.

This property is listed by John Allen.

JA

John Allen

License 01939546

Agent at House of Seven Gables Real Estate Inc.

Listed by House of Seven Gables Real Estate Inc. · Broker phone: (714) 731-3777 · Broker website

MLS# OC26230822· Source: California Regional Multiple Listing Service, Inc· 1 day on PropertySimple

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

988 El Camino, Costa Mesa, CA 92626

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