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
$1,695,000
- 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:$1,695,000
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
Contact an agent
Home facts
- Listing ID #:OC25244034
- Added:58 day(s) ago
- Updated:December 19, 2025 at 03:13 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
Finances and disclosures
- Price:$1,695,000
New listings near 117 Clearbrook Lane
- New
$1,099,000Active4 beds 3 baths1,860 sq. ft.918 Hyde Court, Costa Mesa, CA 92626
MLS# CRPW25278323Listed by: ARTHUR OLIVER ESTATES & HOMES INC. - New
$1,650,000Active3 beds 2 baths1,296 sq. ft.249 E Wilson, Costa Mesa, CA 92627
MLS# OC25271446Listed by: REALTY ONE GROUP WEST - Open Sat, 11am to 2pmNew
$1,499,000Active3 beds 4 baths2,151 sq. ft.143 Mercer, Costa Mesa, CA 92627
MLS# NP25274811Listed by: ALT FINANCIAL NETWORK INC - New
$1,298,000Active4 beds 2 baths1,824 sq. ft.3096 Warren Lane, Costa Mesa, CA 92626
MLS# OC25270755Listed by: BERKSHIRE HATHAWAY HOMESERVICE - New
$3,850,000Active4 beds 4 baths3,562 sq. ft.1879 Tahiti Drive, Costa Mesa, CA 92626
MLS# 250045640SDListed by: COMPASS - New
$2,300,000Active3 beds 3 baths2,000 sq. ft.337 Vista Baya, Costa Mesa, CA 92627
MLS# PW25273805Listed by: SEVEN GABLES REAL ESTATE - New
$1,850,000Active3 beds 2 baths1,480 sq. ft.305 Nassau Road, Costa Mesa, CA 92626
MLS# NP25272652Listed by: PACIFIC SOTHEBY'S INT'L REALTY - New
$1,275,000Active3 beds 2 baths1,769 sq. ft.810 Congress, Costa Mesa, CA 92627
MLS# OC25272581Listed by: MAXIM REALTY GROUP - New
$89,999Active1 beds 1 baths2060 Newport Blvd, Costa Mesa, CA 92627
MLS# OC25273558Listed by: WESTERN STATES FINANCIAL - New
$1,500,000Active2 beds 4 baths2,073 sq. ft.637 Cardiff Reef, Costa Mesa, CA 92627
MLS# NP25272565Listed by: BERKSHIRE HATHAWAY HOMESERVICE