2872 La Salle Avenue, Costa Mesa, California 92626, Costa Mesa, 92626 - 0 bed, 0 bath
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2872 La Salle Avenue
Costa Mesa, California 92626
ACTIVE
CONDITION: FAIR
0Beds
0Baths
4,063Sq Ft
7,215Lot Size
Property Price
LIST PRICE$2,075,000
EST. MARKET VALUE
$2,007,164
3% AboveMARKET VALUE
SUMMARY
This 4-unit High-Potential Investment Opportunity is listed at $2,075,000, positioned slightly above the $2,007,165 Fair Market Value. Featuring a Diverse Unit Mix and an Exceptional Parking Ratio of 13 total spaces, this Fair Condition Rating asset offers significant value-add potential through interior modernization. Located near Top-Rated Schools like Maude B. Davis Elementary (9/10), the property ensures consistent rental demand. This is a strategic acquisition for Buy-and-Hold Investors or Multifamily Developers seeking to streamline operational expenses and capture long-term rental upside in Costa Mesa.
Estimated Market Value
$2,007,164
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 |
|---|---|---|---|---|---|---|
★ 2872 La Salle Avenue Subject 0 bd · 0 ba · 4,063 sqft · $494 | $2,075,000* List Price | 0 | 0 | 4,063 | $494 | - |
A 998 Mission Sold 0 bd · 0 ba · 4,087 sqft · $443 · 0.1 mi | $1,810,000 | 0 | 0 | 4,087 | $443 | 0.1 mi |
B 2937 Mendoza Drive Sold 0 bd · 0 ba · 4,701 sqft · $481 · 0.3 mi | $2,260,000 | 0 | 0 | 4,701 | $481 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1964 (60 years old), the property is described as a 'value-add upside' opportunity, indicating that kitchens, bathrooms, and systems are likely dated and require modernization. While the exterior appears well-maintained with clean paint and landscaping, the age and investment profile suggest interiors are past their 20-year refresh cycle.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Maude B. Davis Elementary School (9/10).
- Diverse Unit Mix
The property features a versatile range of units from a 3-bedroom townhome to a studio, appealing to a broad tenant demographic and minimizing vacancy risks.
- Exceptional Parking Ratio
With 6 garages and 7 additional off-street spaces, the property offers a rare and highly desirable parking capacity for a multifamily asset in the Costa Mesa market.
CONSRISKS & DEFICIENCIES
- 1960s Construction
Built in 1964, the building may require significant capital improvements to modernize interiors and address aging mechanical systems to achieve top-of-market rents.
- Operational Inefficiencies
The property currently operates with inefficient third-party trash services and requires active management to transition utilities and capture the projected rental upside.
About 2872 La Salle Avenue
2872 La Salle Avenue is a 4-unit multifamily investment opportunity in Costa Mesa offering a diverse unit mix and clear value-add upside in one of Orange County’s strongest rental markets. Built in 1964, the property features a townhome-style 3BR/2.5BA, a 2BR/1.5BA townhome, a 1BR/1BA, and a studio — a mix that appeals to families and professionals alike. Abundant on-site parking includes (6) garages and room for (7) additional vehicles. The trash service is currently handled by a third-party company, but could be transitioned to the city's Sanitary District, which would streamline expenses for the next owner.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1964
- Lot Size
- 7,215 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Costa Mesa Unified Schools
Sonora Elementary School
Grades PK-6 • 0.1 mi
8/10
Maude B. Davis Elementary School
Grades PK-6 • 0.6 mi
9/10
Costa Mesa High School
Grades 7-12 • 0.7 mi
6/10
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 | 4,063 | 2,325.7 |
| Lot Size | 7,215 | 6,920 |
| Price | $2.08M | $1.87M |
| Price per sq ft | $511 | $755 |
| Built year | 1964 | 1962 |
| HOA | $0 | $0 |
| Days on market | 18 | 70 |
Pricing History
Listed for Sale
Oct 7, 2026
$2,075,000
Initial Listing
Sold
Feb 3, 2005
$960,000
Public Record
Sold
Sep 5, 2003
$660,000
Public Record
Sold
Jan 24, 2003
$620,000
Public Record