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Sold for $1,975,000 on 11/07/25
  • Listing Provided by: 

    Pablo Velasquez DRE #00943251 714-240-1330,

    Advance Realty,

    Patricia Garcia-Velasquez DRE #01032273,

    Advance Realty

    Bought with: The L3
    $1,975,000

    2976 Royal Palm Dr, Costa Mesa, CA 92626

    16beds
    8baths
    3,550sqft
    Quadruplex
    Built in 1960
    -- sqft lot
    $-- Zestimate®
    $556/sqft
    $4,750 Estimated rent

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    $4,750/mo

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    $4,750/mo

    Rent Zestimate®

    Refinance and save

    $12,181/mo

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    $12,181/mo

    Est. payment

    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: November 09, 2025 at 02:42pm

    Listing Provided by:

    Pablo Velasquez DRE #00943251 714-240-1330,

    Advance Realty,

    Patricia Garcia-Velasquez DRE #01032273,

    Advance Realty

    Bought with:

    Matthew Kanoudi, DRE #01419924

    The L3

    Source: CRMLS,MLS#: PW25237040MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 16
    • Bathrooms: 8
    Heating
    • Wall Furnace
    Cooling
    • None
    Appliances
    • Laundry: Inside, Stacked
    Features
    • Flooring: Carpet
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 3,550
    • Total interior livable area: 3,550 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Door-Single, Garage, On Site
    • Garage spaces: 4
    • Uncovered spaces: 4
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 4
    • Pool features: None
    • Spa features: None
    • Fencing: None
    • Has view: Yes
    • View description: Neighborhood
    Lot
    • Size: 7,350 sqft
    • Features: Front Yard
    Details
    • Parcel number: 13920309
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Contemporary
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Materials
    • Roof: Composition,Membrane
    Condition
    • New construction: No
    • Year built: 1960

    Utilities & green energy

    • Electric: Standard
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

    Community & neighborhood

    Security
    • Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
    Community
    • Community features: Suburban, Sidewalks
    Location
    • Region: Costa Mesa
    • Subdivision: Mesa Verde Residential Income (Mvri)

    HOA & financial

    Other financial information
    • Total actual rent: 9325

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,Conventional
    • Road surface type: Paved