1383 Baker, Costa Mesa, CA 92626

Costa Mesa
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
1383 Baker,Costa Mesa, CA 92626
$1,600,000
  • - Beds
  • - Baths
  • 2,785 sq. ft.
  • Multi-family
  • Active
Listed by: ryan anderson
Office: r l m equities949-573-5309
MLS#:NP26079066
Source:CRMLS

Price summary

  • Price:$1,600,000
  • Price per sq. ft.:$574.51

About this home

A well-maintained triplex located in the heart of Costa Mesa — one of Orange County's most supply-constrained and desirable coastal rental markets. Situated on a 6,500 SF lot just minutes from South Coast Plaza, Orange Coast College, and Pacific Coast Highway, this three-unit property represents a rare opportunity to acquire a stabilized income-producing asset in one of Southern California's most coveted submarkets. The property consists of two 2-bedroom/1-bath units and one spacious 2-bedroom/1.5-bath unit, totaling 2,785 rentable square feet across two stories. Currently operating at 100% occupancy with below-market rents, the asset presents meaningful upside potential as leases roll to market. Pro forma rents project a 4.22% cap rate with $1,305/month in uncaptured rental upside. The property features private garages, on-site parking, and mature landscaping providing strong curb appeal on one of Costa Mesa's most established streets.

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Home facts

  • Year built:1960
  • Listing ID #:NP26079066
  • Added:46 day(s) ago
  • Updated:May 30, 2026 at 10:35 AM

Rooms and interior

  • Living area:2,785 sq. ft.

Structure and exterior

  • Year built:1960
  • Building area:2,785 sq. ft.
  • Lot area:0.15 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,600,000
  • Price per sq. ft.:$574.51
  • Tax amount:$16,764

Parking

  • Total parking spaces:6
  • Garage:Yes
  • Garage spaces:3
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