CA > Costa Mesa
Costa Mesa, CA 92626,117 Clearbrook LN
Costa Mesa, CA 92626,117 Clearbrook LN
Costa Mesa, CA 92626,117 Clearbrook LN
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$1,695,000
Est. payment /mo
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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25244034

HOA Y/N No

Year Built 1964

Property Sub-Type Triplex

Property Description

See the property video for more information. 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 $95,000 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
Approx. 4+% Cap Rate | 2,528 SQFT

Location

State CA

County Orange

Area C4 - Central Costa Mesa

Interior

Cooling None

Fireplaces Type None

Fireplace No

Laundry Outside

Exterior

Parking Features Garage

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Biking, Curbs, Gutter(s), Urban

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 41914119

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

Virtual Tour https://youtu.be/oiWWF9aaXVY

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CRMLS – RECore
Listed by Melissa Wiesen eXp Realty of California Inc 949-887-6644
Ernie Caponera

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

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