117 Clearbrook LN Active Save Request In-Person Tour Request Virtual Tour
Costa Mesa,CA 92626
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25244034
HOA Y/N No
Year Built 1964
Lot Size 7,840 Sqft
Property Sub-Type Triplex
Property Description
Discover a rare triplex investment opportunity in Costa Mesa offering stable income, below-market rents, and long-term upside potential. Ideally located across from the OC Fairgrounds and Vanguard University, this property attracts consistent tenant demand year-round from students, professionals, and event traffic. The property features three well-maintained units—two 1-bedroom residences and one 2-bedroom, 1-bath home—each with its own private laundry, fenced outdoor area, and single-car garage. The 2-bedroom unit has been updated with modern finishes, while the other two offer immediate rental growth potential through light cosmetic improvements. Situated on a 7,841-square-foot lot with separate gas and electric meters, this triplex delivers low operating expenses and strong future returns. Current gross income is approximately $91,000 annually, with market rents projected to exceed $100,000+ based on nearby comparable properties. Perfect for investors seeking passive income in Orange County or those completing a 1031 Exchange, 117 Clearbrook Ln combines prime location, dependable tenants, and opportunity for value-add appreciation. Explore options for ADU conversion, or long-term hold in one of Costa Mesa's most central neighborhoods—minutes from South Coast Plaza, John Wayne Airport, and Newport Beach.
Highlights:
Fully occupied triplex with strong tenant history
Two 1-bed units + one 2-bed unit with modern upgrades
Each unit includes private laundry & garage
Excellent 1031 Exchange replacement property
Near OC Fairgrounds, Vanguard University & 55 Freeway
Market rent growth + ADU potential for added income
Offered at $1,739,000 | Approx. 4% Cap Rate | 2,528 SQFT
Location
State CA
County Orange
Area C4 - Central Costa Mesa
Interior
Cooling None
Fireplaces Type None
Fireplace No
Laundry Outside
Exterior
Parking Features Garage
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Biking,Curbs,Gutter(s),Urban
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 41914119
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard