- BHGRE®
- California
- Costa Mesa
- 117 Clearbrook Lane
117 Clearbrook Lane, Costa Mesa, CA 92626
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
117 Clearbrook Lane,Costa Mesa, CA 92626
$1,655,000
- 4 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: melissa wiesen
Office: exp realty of california inc
MLS#:OC25244034
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,655,000
About this home
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 unitstwo 1-bedroom residences and one 2-bedroom, 1-bath homeeach 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 Mesas most central neighborhoodsminutes 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, Vangu
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Home facts
- Listing ID #:OC25244034
- Added:107 day(s) ago
- Updated:February 06, 2026 at 03:02 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
Finances and disclosures
- Price:$1,655,000
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