
Costa Mesa, California 92627
This Dual-Residence Property represents a High-Potential Investment Opportunity, listed at $2,200,000—positioned above the $1,933,638 Fair Market Value. While priced for its development upside, the property offers immediate utility with a Condition Rating of 3, featuring a modern, newly constructed 3-bedroom ADU and a classic 1948 front home. With an approved site plan for a four-unit complex, this asset provides significant long-term growth. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset costs through rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1822 Pomona Subject 5 bd · 4 ba · 2,144 sqft · $902 | $2,200,000* List Price | 5 | 4 | 2,144 | $902 | - |
A 939 Dogwood Street Sold 3 bd · 2 ba · 1,812 sqft · $897 · 0.7 mi | $1,625,000 | 3 | 2 | 1,812 | $897 | 0.7 mi |
B 2187 Meyer Place Sold 3 bd · 3 ba · 1,772 sqft · $1,089 · 0.9 mi | $1,930,000 | 3 | 3 | 1,772 | $1,089 | 0.9 mi |
C 2110 President Sold 3 bd · 2 ba · 1,550 sqft · $1,096 · 0.8 mi | $1,699,000 | 3 | 2 | 1,550 | $1,096 | 0.8 mi |
D 1010 W 19th Active 4 bd · 3 ba · 2,017 sqft · $941 · 0.8 mi | $1,899,000 List Price | 4 | 3 | 2,017 | $941 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property features two detached residences. The rear ADU is newly constructed (<5 years) in excellent, mint condition with modern kitchens, quartz countertops, and updated bathrooms. The front house, built in 1948, is well-maintained and functional but features older, dated renovations in the kitchen and bathroom, making the overall property move-in ready.
Elementary School: Hyer Elementary School (10/10). High School: Highland Park High School (9/10).
The property features two detached residences on a single lot, allowing an owner-user to occupy the vacant front home while generating immediate rental income from the leased rear ADU.
Includes an approved site plan to replace the existing front residence with three new units, providing a rare value-add opportunity to convert the property into a lucrative four-unit complex.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2144, other record living area = 944. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 2.
The original front home was built in 1948 and may require immediate updates, repairs, or capital investment if not immediately redeveloped.
Despite its desirable coastal-adjacent location close to Newport Beach, the property offers no scenic or panoramic views.
Rare opportunity in the heart of Westside Costa Mesa featuring two detached residences on one property and multiple options for an owner-user, investor, or future developer. The property includes a charming 2-bedroom, 1-bathroom front house along with a newly constructed, freestanding 3-bedroom, 3-bathroom ADU offering approximately 1,200 square feet of modern living space. The front residence offers flexibility for either continued rental use or future owner occupancy, while the rear ADU is currently occupied under a one-year lease. For buyers seeking additional income, the property provides the opportunity to benefit from two detached residences on one parcel, including a separate, recently constructed rear unit. The front home features a comfortable layout with two spacious bedrooms, one bathroom, an in-unit washer and dryer, and its own private outdoor space. The newly built rear ADU features an open floor plan with 10-foot ceilings, quartz countertops, stainless steel appliances, recessed LED lighting, three bedrooms, three bathrooms, an in-unit stackable washer and dryer, solar, a private yard, and no common walls. Located in highly desirable Westside Costa Mesa, the property is just minutes from the beach and offers easy access to bike trails, restaurants, shopping, cafes, Newport Beach, and everything the surrounding coastal area has to offer. For buyers interested in additional future upside, the property's R2-HD zoning provides meaningful redevelopment potential. Preliminary concepts indicate the potential to replace the existing front residence with up to three additional residential units while retaining the existing rear ADU, potentially creating a four-unit property. Whether you choose to occupy the front home in the future, hold both residences as an investment, or explore redevelopment opportunities, this property offers exceptional flexibility in one of Orange County's most sought-after coastal communities.
No exterior & parking available.
Grades PK-6 • 0.6 mi
Grades PK-6 • 0.7 mi
Grades PK-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.7 |
| Baths | 4.0 | 2.7 |
| Square foot | 2,144 | 1,808.331 |
| Lot Size | 7,500 | 6,450.805 |
| Price | $2.20M | $1.68M |
| Price per sq ft | $1.0K | $962 |
| Built year | 1948 | 1961 |
| HOA | $0 | $302 |
| Days on market | 41 | 51 |
Sep 14, 2026
$2,200,000
Initial Listing
Nov 8, 2024
$1,180,000
Public Record
Aug 10, 2023
$1,050,000
Public Record
Apr 30, 1999
$160,000
Public Record