506 Pierpont, Costa Mesa, California 92626, Costa Mesa, 92626 - 4 bed, 2 bath
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506 Pierpont
Costa Mesa, California 92626
ACTIVE
CONDITION: POOR
4Beds
2Baths
1,747Sq Ft
6,200Lot Size
Property Price
LIST PRICE$1,225,000
EST. MARKET VALUE
$1,219,031
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,225,000—positioned well below the $1,219,032 Fair Market Value (Note: Market is currently balanced). While the home has a Fair Condition Rating (5/10), the 1,747 sq. ft. layout and 6,200 sq. ft. lot in the Del Cerro neighborhood offer significant value-add potential. Located within the Newport Mesa Unified School District, including top-rated schools like Maude B. Davis Elementary, this is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking a full-scale renovation project.
Estimated Market Value
$1,219,031
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 |
|---|---|---|---|---|---|---|
★ 506 Pierpont Subject 4 bd · 2 ba · 1,747 sqft · $698 | $1,225,000* List Price | 4 | 2 | 1,747 | $698 | - |
A 503 Traverse Sold 4 bd · 3 ba · 1,799 sqft · $689 · 0.1 mi | $1,240,000 | 4 | 3 | 1,799 | $689 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1968 (58 years old) with no evidence of recent renovations. Interior photos show missing flooring and original 1960s-style cabinetry and finishes. The listing explicitly states 'Sold As-Is' and describes it as an 'opportunity' for transformation, indicating the need for a full structural and cosmetic rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Maude B. Davis Elementary School (9/10).
- Prime Location
Situated in the highly sought-after Del Cerro neighborhood, this property offers exceptional proximity to South Coast Metro, high-end shopping, dining, and Orange County's premier beaches.
- Spacious Family Layout
The 1,747-square-foot floor plan features four bedrooms and an additional sunroom, providing a versatile and functional foundation for a growing family or a custom redesign.
CONSRISKS & DEFICIENCIES
- As-Is Condition
The property is being sold in as-is condition, implying that significant additional investment and renovation work are required to bring the home up to modern standards.
- Lack of Scenic Views
The listing indicates no specific views from the property, which may limit its competitive appeal compared to other residences in the coastal Costa Mesa area.
About 506 Pierpont
AMAZING OPPORTUNITY! Welcome to 506 Pierpont Drive, a charming 1,747 sq. ft. gem featuring 4 bedrooms and 2 bathrooms, with a sun room off the family room, nestled in the sought-after Del Cerro neighborhood of Costa Mesa. This property is brimming with potential, waiting for someone to transform it into their dream home. From the moment you step inside, you’ll see the promise this home holds. The spacious 4 bedroom layout offers ample room to reimagine and personalize each space to suit your lifestyle. Whether it’s creating an open-concept living area, designing your ideal chef’s kitchen, or crafting cozy bedrooms, the possibilities are endless. Set in the heart of Costa Mesa, just minutes from top-rated schools, vibrant shopping, dining hotspots, and the stunning beaches of Orange County. Del Cerro is more than a neighborhood – it’s a community offering suburban convenience and all that Costa Mesa has to offer. Opportunities like this don’t come along every day. Let your imagination run wild and turn this space into something truly special! Sold As-Is.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1968
- Lot Size
- 6,200 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
Sonora Elementary School
Grades PK-6 • 1.3 mi
8/10
Paularino Elementary School
Grades PK-6 • 1.5 mi
7/10
Greenville Fundamental Elementary School
Grades K-5 • 1.6 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.7 |
| Baths | 2.0 | 2.7 |
| Square foot | 1,747 | 1,808.331 |
| Lot Size | 6,200 | 6,450.805 |
| Price | $1.23M | $1.68M |
| Price per sq ft | $701 | $962 |
| Built year | 1968 | 1961 |
| HOA | $0 | $302 |
| Days on market | 10 | 51 |
Pricing History
Listed for Sale
Oct 15, 2026
$1,225,000
Initial Listing