Apartment for sale in Southern California — $1,600,000. A well-maintained triplex located in the heart of Costa Mesa — one of Orange County's most supply-constrained and desirable coastal rental markets. Situated on a 6,500 SF lot just minutes from South Coast Plaza, Orang…
$1,600,000
1383 Baker, Costa Mesa, CA 92626
A well-maintained triplex located in the heart of Costa Mesa — one of Orange County's most supply-constrained and desirable coastal rental markets. Situated on a 6,500 SF lot just minutes from South Coast Plaza, Orange Coast College, and Pacific Coast Highway, this three-unit property represents a rare opportunity to acquire a stabilized income-producing asset in one of Southern California's most coveted submarkets. The property consists of two 2-bedroom/1-bath units and one spacious 2-bedroom/1.5-bath unit, totaling 2,785 rentable square feet across two stories. Currently operating at 100% occupancy with below-market rents, the asset presents meaningful upside potential as leases roll to market. Pro forma rents project a 4.22% cap rate with $1,305/month in uncaptured rental upside. The property features private garages, on-site parking, and mature landscaping providing strong curb appeal on one of Costa Mesa's most established streets.
Listing updated: July 7, 2026 at 10:14 AM
Listed by: Ryan Anderson, R L M Equities
Source: CRMLS, MLS#: NP26079066, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
5/16/2026 Source: CRMLS, #NP26079066 | Price change | $1,600,000-1.2% |
| 5/14/2026Source: CRMLS, #NP26079066 | Price change | $1,620,000-3.3% |
| 4/13/2026Source: CRMLS, #NP26079066 | Listed for sale | $1,675,000 |
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