703 Center, Costa Mesa, California 92627, Costa Mesa, 92627 - 3 bed, 2 bath
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Costa Mesa, California 92627
This property presents a Strong Value Opportunity with a List Price of $1,290,000—positioned well below the $1,417,150 Fair Market Value by 8%. This valuation gap offers $127,150 in Instant Equity for buyers. Featuring a Condition Rating of 5, the home requires significant renovation, yet the 8,100-square-foot lot with a private pool and detached casita provides immense versatility. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to build long-term value through strategic improvements in a prime Costa Mesa location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 703 Center Subject | $1,290,000* List Price | 3 | 2 | 1,107 | $1,280 | - |
A 2128 College Active Under Contract | $1,169,000 List Price | 3 | 2 | 1,296 | $902 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1954 with no significant updates; the bathroom and interior finishes are severely dated (30+ years), and the presence of unfinished walls and window AC units indicates the need for a complete rehab of systems and living spaces.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8100, living area = 1107.
Elementary School: Hyer Elementary School (10/10). High School: Highland Park High School (9/10).
The property features a detached 1-bedroom, 1-bathroom casita, providing an excellent opportunity for rental income, multi-generational living, or a private home office.
Built in 1954 and described as ready for custom improvements, the home likely requires significant updating and capital investment to meet modern standards.
The main residence offers only 1,107 square feet of living space for a 3-bedroom layout, which may feel cramped for buyers seeking more spacious interior environments.
Opportunity awaits in one of Costa Mesa's desirable neighborhoods! Situated on an expansive 8,100-square-foot lot, this unique property offers endless possibilities with a 3-bedroom, 2-bath main residence plus a detached 1-bedroom, 1-bath casita, perfect for extended family, guests, rental income, or a private home office. This classic mid-century home includes a living room with an inviting fireplace, an additional office area which is ideal for working from home, abundant storage throughout the house and attached two-car garage, and a functional floor plan ready to make your own custom improvements. Step outside to enjoy the private backyard with a sparkling pool, offering the perfect setting for entertaining, relaxing, or creating your own outdoor retreat. Whether you're looking to preserve the home's mid-century charm, update it to your personal style, or maximize the potential of this exceptional property, the possibilities are endless. With its large lot, versatile living spaces, pool, attached garage, and detached casita, this is a rare opportunity in the heart of Costa Mesa. Near downtown Lions Park, Aquatic Center, Library, Costa Mesa Historic Center.
No exterior & parking available.
Grades PK-6 • 0.5 mi
Grades PK-6 • 0.6 mi
Grades PK-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,107 | 1,654.5 |
| Lot Size | 8,100 | 6,561 |
| Price | $1.29M | $1.62M |
| Price per sq ft | $1.2K | $1.0K |
| Built year | 1954 | 1960 |
| HOA | $0 | $480 |
| Days on market | 8 | 46 |
Jul 14, 2026
$1,290,000
Initial Listing
Apr 2, 2002
$279,000
Public Record