590 Traverse Drive, Costa Mesa, California 92626, Costa Mesa, 92626 - 4 bed, 3 bath

590 Traverse Drive
Costa Mesa, California 92626
Property Price
SUMMARY
Analysis of 590 Traverse Drive, Costa Mesa, California 92626 reveals a Prime Investment Opportunity with a current list price of $1,489,000—significantly undercutting the $1,551,746 Fair Market Value by 4%. This valuation gap indicates a +$62,746 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 |
|---|---|---|---|---|---|---|
★ 590 Traverse Drive Subject | $1,489,000* List Price | 4 | 3 | 1,799 | $863 | - |
A 746 Hudson Avenue Sold | $1,191,203 | 4 | 2 | 1,490 | $799 | 0.4 mi |
B 587 Traverse Drive Sold | $1,525,000 | 5 | 3 | 2,000 | $763 | 0.0 mi |
C 575 Traverse Drive Sold | $1,850,000 | 4 | 3 | 1,801 | $1,027 | 0.1 mi |
D 930 Helena Circle Sold | $1,425,000 | 3 | 2 | 1,660 | $858 | 0.9 mi |
E 511 Sturgeon Drive Pending | $1,499,900 List Price | 4 | 3 | 2,116 | $709 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property is in turnkey, fully renovated condition with high-end modern finishes. Key features include a remodeled open-concept kitchen with quartz countertops and stainless steel appliances, stylishly upgraded bathrooms, new flooring, recessed lighting, and updated systems such as central A/C and dual-pane windows, meeting the highest quality standards.
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 = 7200, living area = 1799.
- Great Schools
Elementary School: Killybrooke Elementary School (9/10).
- Dual Primary Suites
The property features a rare and versatile layout with two primary suites—one on the main level and an expansive 400-square-foot upstairs retreat—making it ideal for multi-generational living or high-end guest accommodations.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Freeway Proximity
The home backs directly to the 405 freeway, which likely results in persistent ambient traffic noise and may impact the overall tranquility and air quality of the outdoor living spaces.
- Lack of Scenic Views
Despite the significant interior improvements and premium price point, the property offers no significant views, which may limit its appeal compared to other luxury listings in the Costa Mesa area.
About 590 Traverse Drive
Exceptional upgraded 4-bedroom, 3-bath Del Cerro home offering 1,799 square feet with TWO primary suites—one downstairs and an expansive upstairs suite created from a 400 square foot bonus room—located within the highly acclaimed Newport-Mesa Unified School District and just minutes from world-class shopping and dining at South Coast Plaza, The Camp, and The LAB, plus close to Del Mesa Park and the beach. Boasting beautiful curb appeal with lush lawn, flowering gardens, and an extra-long driveway, this turnkey open-concept home features central A/C, tile flooring throughout the lower level, dual pane windows, smooth ceilings with extensive recessed lighting, and ceiling fans throughout. The spacious dining area flows seamlessly into the beautifully remodeled kitchen showcasing quartz countertops, glass mosaic tile backsplash, floating open shelving, breakfast bar with chic pendant lighting, deep stainless sink with designer faucet, and stainless steel appliances including gas range, vent hood, dishwasher, and built-in microwave. The inviting living room is anchored by a fireplace with designer tile surround and sliding glass doors leading to the private backyard with covered patio, lawn, white vinyl fencing, and a detached approximately 100 square foot hobby room or office complete with electricity and Wi-Fi—perfect for working from home or creative pursuits. All three bathrooms have been stylishly upgraded with newer vanities, fixtures, lighting, tile surrounds, and clear glass enclosures. The expansive upstairs primary suite offers wood laminate flooring, two mirrored closets, an ensuite bath with walk-in shower, and ample space for a sitting area—ideal as a second primary retreat or multi-generational living option. Additional features include raised panel interior doors, upgraded white shaker cabinetry, and custom window blinds. The home backs to the 405 freeway, offering convenient commuter access while the backyard fencing and covered patio provide a defined outdoor entertaining space. Don’t miss this incredible opportunity to own a turnkey home with dual primary suites in one of the area’s most desirable and convenient neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1965
- Lot Size
- 7,200 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 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 • 1.2 mi
Paularino Elementary School
Grades PK-6 • 1.3 mi
Greenville Fundamental Elementary School
Grades K-5 • 1.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 2.0 | 53% |
| Square foot | 1,799 | 1,908 | 43% |
| Lot Size | 7,200 | 6,696 | 65% |
| Price | $1.49M | $1.63M | 38% |
| Price per sq ft | $828 | $891 | 37% |
| Built year | 1965 | 1965 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 146 | 1% |
Pricing History
Listed for Sale
Feb 28, 2026
$1,489,000
Initial Listing
Sold
Nov 9, 2017
$4,700,000
Public Record
Sold
Nov 26, 1997
$200,000
Public Record




































