2214 Rutgers Drive, Costa Mesa, California 92627, Costa Mesa, 92627 - 0 bed, 0 bath
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Costa Mesa, California 92627
This Income-Producing Triplex is a well-positioned asset listed at $1,550,000, matching its $1,550,000 Fair Market Value. The property maintains a Good Condition Rating following $110,000 in Recent Upgrades, including major electrical work, new flooring, and select kitchen and bath updates. Each unit includes a Private One-Car Garage and Private Patios or Decks, providing a high-quality tenant experience. Located in Central Costa Mesa near South Coast Plaza, the month-to-month leases offer immediate flexibility for Owner-Occupants looking to house-hack or Buy-and-Hold Investors seeking stable coastal returns.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2214 Rutgers Drive Subject | $1,550,000* List Price | 0 | 0 | 2,490 | $622 | - |
A 416 Hamilton Street Sold | $2,010,000 | 0 | 0 | 3,232 | $622 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1958, this triplex has benefited from a significant $110,000 investment in recent upgrades, including major electrical work, new flooring, paint, and 'select kitchen and bath updates.' While not all units appear to have received the same level of modern renovation (some kitchens and bathrooms are very updated with white shaker cabinets, quartz/granite, and modern tile/laminate, while others show older tile and less contemporary fixtures), the overall property is move-in ready. The presence of wall heaters instead of central HVAC is noted, but the recent electrical upgrades and general refreshed appearance of the interiors, as depicted in the images, indicate a well-maintained property with functional systems, fitting the 'Good' category.
The property is an income-producing triplex with all three units currently tenant-occupied on month-to-month leases, and the owner has successfully repositioned units with higher-paying tenants.
Strategically located in Central Costa Mesa, offering excellent proximity to major attractions like South Coast Plaza, key freeways, and John Wayne Airport, enhancing tenant demand and property value.
The current owner has invested over $110,000 in recent improvements, including major electrical upgrades, termite/fascia work, new vinyl fencing, interior flooring/paint, and select kitchen/bath updates, reducing immediate capital expenditure for a new owner.
The listing explicitly states that the photos are older and do not reflect the current tenants or fence replacement, which may misrepresent the property's present condition and require updated visuals for potential buyers.
Built in 1958, despite recent upgrades, the property's age suggests potential for ongoing maintenance and eventual replacement of older systems not covered by the recent renovations.
While tenants pay most utilities, the owner remains responsible for water and trash, which adds to the property's operating expenses and slightly reduces net income.
Income-producing triplex in Central Costa Mesa between Wilson, Harbor, and Fairview, close to South Coast Plaza, major freeways, and John Wayne Airport. The property consists of three, 2 bed, 1 bath units, each with a private one-car garage plus one additional parking space. Units A and B are downstairs with rear patios and exterior laundry hook-ups, while Unit C is upstairs with a private deck. Since acquisition, the owner has invested over $110,000 upgrading the property and repositioned the units by re-leasing to newer, higher-paying tenants. All 3 units are currently tenant occupied with month-to-month leases, providing flexibility for a new owner. Recent improvements include major electrical upgrades, termite and fascia work, vinyl perimeter fencing, interior flooring and paint, and select kitchen and bath updates. Tenants pay utilities except water and trash. Photos are older and were taken prior to current tenants and fence replacement.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,490 | 2,112.5 | 67% |
| Lot Size | 6,098 | 7,563 | 11% |
| Price | $1.55M | $1.84M | 22% |
| Price per sq ft | $622 | $946 | 17% |
| Built year | 1958 | 1959 | 44% |
| HOA | $0 | $0 | 50% |
| Days on market | 182 | 189 | 50% |
Mar 7, 2026
$1,550,000
$1,600,000
-3% Price Drop
Initial Listing
Oct 22, 2025
$1,600,000
Initial Listing