2976 Royal Palm, Costa Mesa, California 92626, Costa Mesa, 92626 - 0 bed, 0 bath
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Costa Mesa, California 92626
Analysis of 2976 Royal Palm, Costa Mesa, California 92626 is currently available with a list price of $2,150,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Costa Mesa Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1960, the property is over 60 years old. While the exterior appears well-maintained and the units are functional/occupied, the lack of specific mention of recent major renovations to kitchens, bathrooms, or HVAC/electrical systems suggests the interiors are likely dated and consistent with the 'Fair' criteria for properties over 20 years old.
The property is a fully occupied 4-plex, providing immediate cash flow and operational stability for investors from the date of acquisition.
Situated in the highly sought-after Mesa Verde neighborhood of Costa Mesa, the location ensures strong tenant demand and potential for long-term capital appreciation.
Featuring four spacious 2-bedroom, 1-bath units, the property is well-suited to attract long-term tenants, offering a competitive edge in the local rental market.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7405, other record lot size in square feet = 7350. Living area discrepancy between mls listing and other public or private record. mls listing living area = 7405, other record living area = 3550.
The property was recently sold within the past year on 2025-11-07. The sold price is $1,975,000.00.
Originally built in 1960, the property may require significant capital expenditures for system upgrades or structural maintenance typical of buildings of this vintage.
2976 Royal Palm Drive, Costa Mesa, CA 92626 presents a compelling investment opportunity in one of the area’s most desirable rental markets. This fully occupied 4-plex generates income from day one, with all four units currently rented and strong tenant demand supporting long-term stability. The property features four spacious 2-bedroom, 1-bath units, each with desirable amenities that help attract and retain quality tenants. Located in the highly sought-after Mesa Verde area, it offers the kind of location advantage that typically supports consistent occupancy and future rent growth. Priced at $2,150,000, this asset is well-positioned for investors seeking reliable cash flow, potential appreciation, and a strong long-term hold in a proven Costa Mesa neighborhood. With immediate rental income already in place, this is the type of property that can deliver both current returns and future upside.
No exterior & parking available.
Grades PK-6 • 0.7 mi
Grades K-6 • 0.7 mi
Grades 7-8 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 4.0 |
| Square foot | 7,405 | 2,476.5 |
| Lot Size | 7,405 | 7,551 |
| Price | $2.15M | $2.01M |
| Price per sq ft | $290 | $914 |
| Built year | 1960 | 1960 |
| HOA | $0 | $0 |
| Days on market | 7 | 81 |
Jul 15, 2026
$2,150,000
Initial Listing
Nov 7, 2025
$1,975,000
Public Record
May 20, 2024
$1,980,000
Public Record