1198 Dorset Lane, Costa Mesa, California 92626, Costa Mesa, 92626 - 5 bed, 3 bath
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Costa Mesa, California 92626
This Versatile Single-Family Residence is a Strong Value Opportunity, listed at $1,399,900—positioned well below the $1,454,891 Fair Market Value by 3%. This valuation gap offers $54,991 in Instant Equity. Featuring a Junior ADU with a private deck and a Condition Rating of 3, the home offers significant income potential or multi-generational flexibility. Located on a quiet cul-de-sac near Top-Rated Schools like Killybrooke Elementary, this property is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a high-utility asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1198 Dorset Lane Subject | $1,399,900* List Price | 5 | 3 | 1,962 | $756 | - |
A 3157 Cork Sold | $1,250,000 | 5 | 2 | 1,787 | $699 | 0.3 mi |
B 945 Lansing Lane Sold | $1,449,000 | 4 | 2 | 1,926 | $752 | 0.7 mi |
C 3263 Turlock Sold | $1,495,000 | 4 | 2 | 1,884 | $794 | 0.7 mi |
D 1104 Dennis Drive Sold | $1,465,000 | 4 | 3 | 2,109 | $695 | 0.8 mi |
E 940 Cheyenne Sold | $1,208,000 | 5 | 2 | 1,665 | $726 | 0.7 mi |
F 1100 Tulare Sold | $1,572,000 | 4 | 3 | 2,418 | $650 | 0.6 mi |
G 1070 Visalia Sold | $1,685,000 | 4 | 3 | 2,418 | $697 | 0.6 mi |
H 3012 Garfield Sold | $1,322,500 | 4 | 2 | 1,429 | $925 | 0.4 mi |
I 3134 Killarney Lane Active Under Contract | $1,600,000 List Price | 4 | 2 | 2,059 | $777 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1963, the property has undergone significant recent interior updates. Photos show a fully renovated modern bathroom with high-end tile and fixtures, along with fresh paint and new carpeting throughout. The kitchen retains functional but dated tile countertops, and the addition of a clean, updated Junior ADU contributes to its move-in ready, well-maintained status.
Elementary School: Killybrooke Elementary School (9/10).
The property features a unique second-story Junior ADU (JADU) with a private entrance, deck, and kitchenette, providing an excellent opportunity for rental income or a secluded multi-generational living suite.
Situated at the end of a private cul-de-sac and within walking distance to Paularino Elementary, the home offers a quiet, safe environment with minimal traffic in a highly desirable Costa Mesa neighborhood.
The presence of tile countertops and original 1963 elements suggests the home may require cosmetic updates and modernization to meet the expectations of contemporary luxury buyers.
Fitting five bedrooms and four bathrooms into 1,962 square feet may result in smaller individual room sizes and a more compact feel compared to other homes in this price bracket.
Welcome to 1198 Dorset Lane in the lovely City of Costa Mesa! This home sits at the end of a private cul-de-sac and is within walking distance of Paularino Elementary School. The home has beautiful, low-maintenance landscaping throughout the front of the property. Upon entering the front door, you will find an open, spacious living room for entertaining or relaxing that has a gas fireplace and plenty of natural sunlight. Next, you will find a spacious dining area, separate from the kitchen. The kitchen features a breakfast counter, tile countertops, a gas range, a microwave, a dishwasher, and a water purifier. Just beyond the dining area, a large family room sits, featuring a lovely skylight and plenty of living space. The primary bedroom and primary bathroom, guest bath, and 3 additional large guest bedrooms are all located on the first floor. On the second floor, you will find a Junior Additional Dwelling Unit (ADU) that boasts its own private stairway entrance and deck! This lovely guest space features an oversized studio bedroom/living room, one three-quarter bath, and a mini kitchenette! This space may be used however you see fit! This can be used as an income-producing space OR a primary bedroom suite. This home also features a spacious 2-car garage.
No exterior & parking available.
Grades PK-6 • 0.3 mi
Grades PK-6 • 0.4 mi
Grades PK-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,962 | 1,654.5 |
| Lot Size | 6,365 | 6,561 |
| Price | $1.40M | $1.62M |
| Price per sq ft | $714 | $1.0K |
| Built year | 1963 | 1960 |
| HOA | $0 | $480 |
| Days on market | 33 | 46 |
Jun 19, 2026
$1,399,900
Initial Listing
Apr 22, 1998
$156,000
Public Record