389 Mira Loma, Costa Mesa, California 92627, Costa Mesa, 92627 - 4 bed, 2 bath
389 Mira Loma
Costa Mesa, California 92627
Property Price
SUMMARY
Analysis of 389 Mira Loma, Costa Mesa, California 92627 reveals a Prime Investment Opportunity with a current list price of $2,295,000—significantly undercutting the $2,377,914 Fair Market Value by 3%. This valuation gap indicates a +$82,914 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 389 Mira Loma Subject | $2,295,000* List Price | 4 | 2 | 1,683 | $1,413 | - |
A 269 Cecil Place Sold | $2,280,000 | 4 | 2 | 1,832 | $1,245 | 1.0 mi |
B 281 Brentwood Place Sold | $1,950,000 | 4 | 4 | 1,946 | $1,002 | 0.5 mi |
C 2691 Club Mesa Pending | $1,995,000 List Price | 4 | 2 | 1,809 | $1,103 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although built in 1956, the property has been extensively and recently renovated to meet modern standards. It features a gourmet kitchen with a quartz waterfall island and stainless steel appliances, fully remodeled bathrooms with designer finishes, newer windows, and high-quality flooring throughout. The home shows no signs of deferred maintenance and presents as a virtually new, move-in-ready luxury bungalow.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7956, living area = 1683.
- Gourmet Designer Kitchen
The heart of the home features a high-end remodel with a large quartz waterfall island and premium stainless appliances, offering a perfect blend of modern elegance and functional entertaining space.
- Exceptional Outdoor Amenities
Situated on an oversized lot, the property boasts a glistening pool, lush mature landscaping, and a charming park-like front yard, providing rare outdoor scale for the Eastside Costa Mesa area.
CONSRISKS & DEFICIENCIES
- Vintage Structural Elements
Originally constructed in 1956, the property may have underlying infrastructure or utility limitations common to homes of this era, despite the extensive aesthetic renovations.
- High Price per Square Foot
At a listing price of $2,295,000 for approximately 1,683 square feet, the property commands a significant premium that may challenge buyers focused on interior living volume.
About 389 Mira Loma
TIMELESS CHARM AND MODERN ELEGANCE! Nestled in the heart of Eastside Costa Mesa and beautifully reimagined, this single-level bungalow blends generous living spaces with natural design elements and high-quality finishes that will tempt the most discerning Buyer. From the moment you arrive, the park-like front yard framed by a charming white picket fence welcomes you home! Step through the timeless Dutch door into expansive living areas that flow seamlessly with unique finishes, newer windows, and a cozy fireplace that adds character and comfort. The gourmet kitchen is the heart of the home, thoughtfully designed for both everyday living and effortless entertaining. The large center island, quartz countertops with waterfall edge are the focal point with stainless steel appliances and custom cabinetry - creating a warm and inviting setting. Surrounded by lush gardens and mature trees, the spacious backyard offers wonderful outdoor areas for entertaining and play, highlighted by a glistening pool and ample room to gather. Nearly 1,700 square feet of maximized living space, all situated on an exceptionally oversized lot. The home features 3 large bedrooms and 2 fully remodeled bathrooms that have been thoughtfully renovated with designer finishes and modern flair. A versatile 4th bedroom or flex space can easily serve as a formal dining room, home office, or guest quarters. Additional highlights include a spacious two-car pull-through garage with abundant storage and an extra-long driveway. Very close to Back Bay and Newport Dunes just minutes away. Enjoy close proximity to five-star resorts, championship golf, premier shopping and exceptional dining. LOVE WHERE YOU LIVE!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1956
- Lot Size
- 7,956 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Costa Mesa Unified Schools
Heinz Kaiser Elementary School
Grades 3-6 • 1.2 mi
Woodland Elementary School
Grades PK-2 • 1.4 mi
Mariners Elementary School
Grades PK-6 • 2.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 55% |
| Baths | 2.0 | 3.0 | 48% |
| Square foot | 1,683 | 1,752.5 | 45% |
| Lot Size | 7,956 | 6,377.5 | 80% |
| Price | $2.29M | $1.66M | 76% |
| Price per sq ft | $1.4K | $1.0K | 84% |
| Built year | 1956 | 1957 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 157 | 1% |
Pricing History
Listed for Sale
Feb 23, 2026
$2,295,000
Initial Listing
Sold
Aug 31, 2020
$1,455,000
Public Record
Sold
Aug 29, 2014
$950,000
Public Record
Sold
Apr 3, 2014
$700,000
Public Record