450 Cabrillo, Costa Mesa, California 92627, Costa Mesa, 92627 - 4 bed, 4 bath
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Costa Mesa, California 92627
This Extensively Remodeled Luxury Residence is a High-Potential Investment Opportunity, listed at $3,895,000—positioned well below the $4,019,621 Fair Market Value by 3%. This valuation gap provides $124,621 in Instant Equity. Boasting a Condition Rating of 2, the home features Fleetwood sliding doors, a finished basement, and a gourmet kitchen. Located in East Costa Mesa with a private gate to Harper Park and access to top-rated Mariners Elementary, it offers a turnkey lifestyle. This is an exceptional find for Owner-Occupants or growing families seeking coastal luxury.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 450 Cabrillo Subject | $3,895,000* List Price | 4 | 4 | 3,409 | $1,218 | - |
A 469 Lenwood Circle Sold | $3,050,000 | 4 | 3 | 2,721 | $1,121 | 0.3 mi |
B 412 Magnolia Street Sold | $4,000,000 | 4 | 4 | 2,909 | $1,375 | 0.2 mi |
C 224 Flower Street Sold | $4,190,000 | 4 | 4 | 3,278 | $1,278 | 0.7 mi |
D 275 Walnut Sold | $4,300,000 | 5 | 5 | 3,271 | $1,315 | 0.7 mi |
E 308 E 18th Street Active | $3,895,000 List Price | 4 | 3 | 3,039 | $1,282 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1955, the property has been extensively remodeled and expanded by a licensed general contractor to meet modern luxury standards. High-end features include expansive Fleetwood sliding doors, a gourmet kitchen with custom cabinetry and a beverage refrigerator, a finished basement, and a primary suite with a voluminous walk-in closet and dual-sink vanity. The outdoor lanai with built-in heaters and hard-plumbed gas further confirms a recent, high-quality renovation with no deferred maintenance.
The home features expansive Fleetwood sliding doors that disappear into the walls, connecting the main living area to a covered lanai equipped with heaters, fans, and a built-in BBQ for year-round entertaining.
Situated in the highly desirable East Costa Mesa area, the property includes a private gate leading directly to Harper Park and is zoned for award-winning schools like Mariners Elementary.
Extensively renovated by a licensed general contractor, the home boasts a functional floor plan with a dedicated primary wing, custom cabinetry, a wine closet, and a rare finished basement level.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Despite the premium price point and luxury upgrades, the property offers no significant views, which may be a disadvantage compared to other high-end listings in the coastal region.
While the home has been extensively remodeled, the underlying structure dates back to 1955, which may present limitations in terms of original foundation or utility configurations compared to a ground-up new build.
450 Cabrillo is a warm and inviting home with 4 bedrooms and 3.5 baths with approximately 3,409 SF of well-designed living space set on a large, approximately 8,104 SF lot. Extensively remodeled and expanded by the owner--a licensed general contractor--the home features many special, well crafted touches. The floor plan works beautifully with a wing for 3 bedrooms (or 2 plus office), and a separate primary wing that opens to the yard. The primary bath boasts a dual sink vanity, separate tub and shower, and a voluminous walk-in closet. The kitchen has a large built-in breakfast nook, along with a peninsula countertop with bar seating. It opens to the dining area and spacious living room with flagstone fireplace, gorgeous built-in cabinetry and beverage refrigerator. A sizable wine closet awaits your bottle collection (or acts as great storage). The fantastic finished basement level offers space for a TV/game room, massive home gym/yoga area, office, or other creative use. Expansive Fleetwood sliding doors disappear into the walls and open the main living area to the backyard, creating a seamless flow between indoors and out. The covered lanai features heaters, ceiling fans, wall mounted TV, and hard plumbed gas for BBQ with ample area for outdoor dining and lounging. With no neighbors immediately behind, the setting is serene and private. The lucky owners enjoy a private gate that leads to acres and acres of grass fields and a playground at Harper Park. Feeds to award-winning Mariners Elementary, Ensign Intermediate and Newport Harbor High. With its proximity to 17th Street, the location offers the perfect balance of neighborhood charm and convenience.
No exterior & parking available.
Grades PK-6 • 0.3 mi
Grades PK-2 • 0.8 mi
Grades 3-6 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 58% |
| Baths | 4.0 | 3.0 | 82% |
| Square foot | 3,409 | 1,752.5 | 93% |
| Lot Size | 8,104 | 6,904.5 | 86% |
| Price | $3.90M | $1.65M | 92% |
| Price per sq ft | $1.1K | $1.1K | 66% |
| Built year | 1955 | 1956 | 47% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 163 | 5% |
Mar 12, 2026
$3,895,000
Initial Listing
Sep 28, 2004
$881,000
Public Record