2642 Westminster Place, Costa Mesa, California 92627, Costa Mesa, 92627 - 3 bed, 2 bath
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Costa Mesa, California 92627
This property represents a High-Potential Investment Opportunity, listed at $2,695,000—positioned above the $2,416,957 Fair Market Value. While priced for its land, the 9,120 sq. ft. lot offers exceptional Development Potential, including approved plans for a 4,418 sq. ft. luxury residence or multi-unit subdivision. Featuring a Condition Rating of 3, the home is functional while awaiting transformation. Located in the Newport Mesa Unified district near top-rated schools, this is a strategic acquisition for Real Estate Developers or Owner-Occupants seeking to build a custom estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2642 Westminster Place Subject | $2,695,000* List Price | 3 | 2 | 1,785 | $1,354 | - |
A 2553 Fairway Drive Sold | $2,600,000 | 3 | 2 | 1,782 | $1,459 | 0.2 mi |
B 389 Mira Loma Sold | $1,975,000 | 4 | 2 | 1,683 | $1,173 | 0.3 mi |
C 2620 Riverside Drive Sold | $2,353,000 | 3 | 3 | 1,575 | $1,494 | 0.2 mi |
D 2650 Riverside Drive Sold | $2,500,000 | 3 | 3 | 1,981 | $1,262 | 0.3 mi |
E 2691 Club Mesa Sold | $1,995,000 | 4 | 2 | 1,809 | $1,103 | 0.2 mi |
F 206 Del Mar Avenue Sold | $2,350,000 | 4 | 2 | 2,048 | $1,147 | 0.2 mi |
G 245 Brentwood Active | $2,450,000 List Price | 4 | 3 | 2,029 | $1,207 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1952, the property has been well-maintained with a renovation likely within the 5-15 year range. The kitchen features updated cabinetry, stone countertops, and modern appliances. The addition of mini-split HVAC units indicates updated systems, making the home functional and move-in ready despite being marketed for its land development potential.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9120, living area = 1785.
The oversized 9,120 sq. ft. lot offers rare versatility in Eastside Costa Mesa, allowing for a large custom estate, subdivision into two lots, or the construction of up to four units (two duplexes).
The property comes with approved plans for a 4,418 sq. ft. luxury home, including soils reports and boundary surveys, significantly reducing the lead time and risk for builders or owner-users.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
The $2.695M price point reflects the development potential rather than the value of the 1952 original structure, which may be a high entry cost for those not looking to build immediately.
Despite its coastal proximity and high price bracket, the property does not offer any significant views, which may be a drawback for luxury buyers seeking Pacific or city light vistas.
Located at one of the best cul de sacs in Eastside Costa Mesa, this house is one of the few originals ones on this block. Throughout the years, this house has been remodeled and maintained. The existing house which sits on a large 9100+ sq. ft. lot has many development possibilities; it can be expanded or torn down and a large custom one built, the 700+ sq.ft. detached garage/bonus room can be converted into an ADU, the lot can be subdivided and2 new homes built (each with an ADU), or 2 duplexes can be built (4 units). This sale includes approved plans (by the planning department) for a 4418 sq.ft. 4br + office, 4.5bath with 2 car garage, soils and AQMD reports, and boundary survey. Located near the sandy beaches of Newport, the back bay hiking, biking, and horse trails, award winning schools, world class shopping centers of South Coast Plaza and Fashion Island, world class dinning, and places of worship. Bring your architect and your builder and develop your dream project !
No exterior & parking available.
Grades 3-6 • 1.3 mi
Grades PK-2 • 1.5 mi
Grades PK-6 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,785 | 1,644 | 60% |
| Lot Size | 9,120 | 6,600 | 93% |
| Price | $2.69M | $1.75M | 83% |
| Price per sq ft | $1.5K | $1.1K | 92% |
| Built year | 1952 | 1956 | 15% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 132 | 3% |
Jun 1, 2026
$2,695,000
Initial Listing
Nov 23, 2022
$1,620,000
Public Record