101 Clearbrook Lane, Costa Mesa, California 92626, Costa Mesa, 92626 - bed, bath
ACTIVE$1,670,000$2,528/sqft
101 Clearbrook Lane, Costa Mesa, California 92626
0Bed
0Bath
2,528Sqft
8,712Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Triplex: This property is a well-maintained triplex offering diversified income streams with one 2-bedroom, 1-bath unit and two 1-bedroom, 1-bath units, ideal for investors seeking consistent rental revenue.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8712, other record lot size in square feet = 8779.
Compared to the nearby listings
Price:$1.67M vs avg $2.00M ($-325,000)20%
Size:2,528 sqft vs avg 4,023 sqft20%
Price/sqft:$661 vs avg $49680%
More Insights
Built in 1964 (62 years old).
Condition: Despite being built in 1964, this triplex has undergone significant and recent updates, including a new roof in 2024, newer vinyl windows, and an improved sewer line. The kitchens and bathrooms have been remodeled, making them move-in ready. While some elements, like the wood-tone bathroom vanities and one kitchen's honey oak cabinets, show an older style of renovation, they are clean, functional, and well-maintained. The updated laminate flooring throughout living areas also contributes to a 'good' condition, requiring no immediate major renovations.
Year Built
1964
Close
-
List price
$1.67M
Original List price
$1.67M
Price/Sqft
$661
HOA
-
Days on market
-
Sold On
-
MLS number
NP26011519
Home ConditionGood
Features
View-
About this home
Located in the heart of Costa Mesa, this well-maintained triplex offers one 2 bedroom 1 bath unit and two 1 bedroom 1 bath units, each with its own private patio and garage. The property has been thoughtfully updated over time while keeping each unit’s original charm. Upgrades include remodeled kitchens and bathrooms, updated flooring, newer vinyl windows and garage doors, an improved sewer line, and a new roof improvements completed in 2024. All units have spacious living areas and large bedrooms, most with walk-in closets. Unit A includes a white brick fireplace and a two-car garage with direct access to its patio. Units B and C each have a one-car garage. The front yard is beautifully landscaped with mature trees and a park-like setting that gives each home a peaceful feel. Located near Orange Coast College, the OC Fairgrounds, Triangle Square, South Coast Plaza, local beaches, and with quick access to the 405, 55, and 73 freeways, this triplex offers long-term value in one of Costa Mesa’s most convenient areas.
K
Kacey Taormina
Listing Agent
Price History
Date
Event
Price
11/21/22
Sold
$1,575,000
Condition Rating
Good
Despite being built in 1964, this triplex has undergone significant and recent updates, including a new roof in 2024, newer vinyl windows, and an improved sewer line. The kitchens and bathrooms have been remodeled, making them move-in ready. While some elements, like the wood-tone bathroom vanities and one kitchen's honey oak cabinets, show an older style of renovation, they are clean, functional, and well-maintained. The updated laminate flooring throughout living areas also contributes to a 'good' condition, requiring no immediate major renovations.
Pros & Cons
Pros
Income-Generating Triplex: This property is a well-maintained triplex offering diversified income streams with one 2-bedroom, 1-bath unit and two 1-bedroom, 1-bath units, ideal for investors seeking consistent rental revenue.
Extensive Recent Upgrades: Significant capital improvements have been made, including a new roof in 2024, remodeled kitchens and bathrooms, updated flooring, newer vinyl windows, garage doors, and an improved sewer line, minimizing immediate maintenance concerns for a new owner.
Prime Costa Mesa Location: Strategically located in the heart of Costa Mesa, the property offers excellent proximity to major attractions like Orange Coast College, OC Fairgrounds, South Coast Plaza, local beaches, and convenient access to the 405, 55, and 73 freeways, ensuring high tenant demand and potential for appreciation.
Desirable Unit Amenities: Each unit boasts a private patio and individual garage (one 2-car, two 1-car), along with spacious living areas and large bedrooms, most featuring walk-in closets, which are highly attractive features for renters.
Well-Maintained & Charming Aesthetics: Described as 'well-maintained' with 'original charm' and a 'beautifully landscaped front yard' creating a peaceful, park-like setting, enhancing curb appeal and tenant satisfaction.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8712, other record lot size in square feet = 8779.
Age of Property: Built in 1964, despite extensive updates, the underlying structure and some systems may still be original or older, potentially leading to unforeseen maintenance issues or higher insurance costs over time.
Lack of Specific Financials: The description does not provide current rental income figures, occupancy rates, or detailed operating expenses, which are crucial for an investor to accurately assess profitability and return on investment upfront.
Potential for Noise/Traffic: Being in the 'heart of Costa Mesa' and near major freeways and attractions could imply higher levels of ambient noise or traffic, which might be a drawback for some tenants seeking a quieter residential environment.