1544 Elm, Costa Mesa, California 92626, Costa Mesa, 92626 - 0 bed, 0 bath
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1544 Elm
Costa Mesa, California 92626
ACTIVE
CONDITION: GOOD
0Beds
0Baths
3,167Sq Ft
6,970Lot Size
Property Price
LIST PRICE$1,798,000
EST. MARKET VALUE
$1,908,767
5% BelowMARKET VALUE
SUMMARY
This triplex represents a Strong Value Opportunity, listed at $1,798,000—positioned well below the $1,908,767 Fair Market Value by 5%. This valuation gap offers $110,767 in Instant Equity for the savvy buyer. Featuring a Condition Rating of 3, the property offers a turnkey Versatile Unit Mix with Private Patios and updated interiors. Located in the prime Mesa Verde neighborhood, this asset provides stable rental demand, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy.
Estimated Market Value
$1,908,767+$110,767 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Costa Mesa.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1544 Elm Subject 0 bd · 0 ba · 3,167 sqft · $603 | $1,798,000* List Price | 0 | 0 | 3,167 | $603 | - |
A 2940 Peppertree Active 0 bd · 0 ba · 3,551 sqft · $634 · 0.2 mi | $2,250,000 List Price | 0 | 0 | 3,551 | $634 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1960, the property has undergone significant renovations that appear to be within the 5-15 year range. The units feature updated kitchens with stone countertops, modern laminate flooring, and updated bathroom vanities. The listing describes the property as turnkey and well-maintained, meeting the criteria for functional, move-in ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Mesa Verde Location
Situated in the highly sought-after Mesa Verde neighborhood, this property commands high tenant demand due to its proximity to premium shopping, dining, and its reputation as a top-tier Costa Mesa submarket.
- Versatile Unit Mix & Outdoor Space
The configuration of a 3-bedroom main house with a large yard plus two 2-bedroom units with private patios is rare, offering diverse rental options and a high quality of life for tenants.
- Turnkey Investment Potential
With quality updates throughout, detached garage spaces, and strong curb appeal, the property is positioned as a move-in ready asset requiring minimal immediate capital improvement.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6970, other record lot size in square feet = 7150.
- Limited Bathroom Count in Unit A
The primary 3-bedroom unit features only one bathroom, which may be a competitive disadvantage for families and could limit the maximum achievable rent for that specific unit.
- Vintage Infrastructure
Built in 1960, the property may have aging underlying systems such as original plumbing or electrical components that could necessitate higher long-term maintenance reserves compared to newer builds.
About 1544 Elm
A rare investment opportunity in highly sought-after Mesa Verde! This well-maintained triplex offers three clean, beautifully updated units in a prime Costa Mesa location just minutes from shopping and dining. Unit A is a spacious 3-bedroom, 1-bath home with a large private yard, ideal for tenants who want room to relax, garden, or entertain. Units B and C each offer 2 bedrooms, 1.5 baths, and their own private patio for comfortable indoor-outdoor living. Each unit also has its own detached garage space. With strong curb appeal, quality updates throughout, and a location tenants love, 1544 Elm Ave is a turnkey addition to any portfolio. Properties like this rarely come to market in Mesa Verde. Don’t miss it!
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1960
- Lot Size
- 6,970 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.1 |
| Baths | 0.0 | 3.3 |
| Square foot | 3,167 | 2,325.7 |
| Lot Size | 6,970 | 6,920 |
| Price | $1.80M | $1.87M |
| Price per sq ft | $568 | $755 |
| Built year | 1960 | 1962 |
| HOA | $0 | $0 |
| Days on market | 8 | 70 |
Pricing History
Listed for Sale
Oct 17, 2026
$1,798,000
Initial Listing
Sold
Jun 17, 2014
$220,000
Public Record
Sold
May 14, 2001
$365,000
Public Record