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$ 1,675,000
Est. payment | /mo
6 Beds
4 Baths
6,534 Sqft Lot
$ 1,675,000
Est. payment | /mo
6 Beds
4 Baths
6,534 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID NP26079066
Bedrooms 6
Lot Size 6,534 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
RLM Equities is pleased to exclusively present 1383 Baker Street, 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.
Location
State CA
County Orange
Zoning Public Rec
Direction Major cross streets are Harbor Blvd. & Baker St.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 14119105
Listed by Ryan Anderson, DRE#01939764 R L M Equities
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "