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2214 Rutgers Drive, Costa Mesa, California 92627, Costa Mesa, 92627 - bed, bath

2214 Rutgers Drive, Costa Mesa, California 92627 home-pic-0
ACTIVE$1,600,000
2214 Rutgers Drive, Costa Mesa, California 92627
0Bed
0Bath
2,490Sqft
6,098Lot
Year Built
1958
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
$643
HOA
-
Days on market
-
Sold On
-
MLS number
NP25245121
Home ConditionFair
Features
Deck
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.60M(33th), sqft - 2490(78th), beds - undefined(50th), baths - undefined(50th).

Income-producing triplex in Central Costa Mesa near Wilson, Harbor and Fairview, minutes to the beach, South Coast Plaza, major freeways and John Wayne Airport. All three 2 bed 1 bath units include a private one-car garage plus an additional parking space. Units A and B are downstairs with rear patios that include exterior laundry hook-ups, and Unit C is an upstairs unit with a private deck and no laundry hook-ups. Recent improvements include a newer roof, dual-pane windows, upgraded electrical in all units, vinyl perimeter fencing, laminate flooring in Unit B and ceiling fans in Unit A. Tenants pay utilities except water and trash. The property is fully occupied at strong rents, producing a stronger-than-average gross cap rate for the Costa Mesa triplex market. Interior photos were taken prior to the current tenants.

Price History

Date
Event
Price
10/22/25
Listing
$1,600,000
Condition Rating
Fair
Built in 1958, this triplex has received several important functional updates such as a newer roof, dual-pane windows, and upgraded electrical, which are significant for its age. However, the interior photos reveal a mix of dated and basic components. The kitchens feature basic white cabinets, laminate countertops, and older white appliances, lacking modern amenities like dishwashers. Bathrooms have new vanities and LVP flooring but are marred by very dated brown textured shower tiles and a missing mirror. Heating is provided by wall-mounted units, not central HVAC. While clean and functional for rental purposes, the overall aesthetic and some key features are outdated, requiring minor updates to meet contemporary standards. This aligns with the 'Fair' category, indicating an aged but maintained property with functional but outdated major components.
Pros & Cons

Pros

Strong Income & Cap Rate: The property is a fully occupied triplex generating strong rents and boasts a stronger-than-average gross cap rate for the Costa Mesa market, indicating robust investment potential.
Prime Central Location: Strategically located in Central Costa Mesa, offering excellent access to amenities, beaches, South Coast Plaza, major freeways, and John Wayne Airport, enhancing tenant appeal and property value.
Significant Capital Upgrades: Recent improvements including a newer roof, dual-pane windows, upgraded electrical in all units, and vinyl perimeter fencing reduce immediate maintenance concerns and add long-term value.
Individual Unit Amenities: Each unit includes a private one-car garage plus an additional parking space, and units A & B have rear patios with laundry hook-ups, while Unit C features a private deck, enhancing tenant convenience.
Reduced Landlord Expenses: Tenants are responsible for paying most utilities (except water and trash), which optimizes the property's net operating income for the owner.

Cons

Property Age: Built in 1958, the property is over 60 years old, which may imply older underlying infrastructure or systems not covered by recent upgrades, potentially leading to future maintenance costs.
Inconsistent Laundry Amenities: Unit C lacks laundry hook-ups, which is a notable disadvantage compared to Units A and B, potentially affecting tenant satisfaction or rent potential for that specific unit.
Outdated Interior Photos: The interior photos were taken prior to the current tenants, meaning the current condition of the units is not accurately represented, requiring buyers to conduct thorough inspections.

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