$1,739,000

117 Clearbrook Lane, Costa Mesa, CA 92626

  • 4 beds
  • 2,528 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1964
  • Property Lot Size Icon7,841sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $688/sqft
  • Property List Date Icon Listed 19 days ago

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

Listing Status:
Active
Date Added:
October 21, 2025 at 05:00AM
Listing Office:
eXp Realty of California Inc : 888-584-9427
Listing Agent:
Melissa Wiesen : 949-887-6644
MLS ID:
CROC25244034
  • Laundry: Other
  • A/C: No Air Conditioning
  • General: Other
  • Parking: Other
  • HOA Amenities: 0.0
  • County: Orange
  • Zoning: 41914119

This listing courtesy of Melissa Wiesen, eXp Realty of California Inc

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

College Park Elementary School

2380 Notre Dame Rd, Costa Mesa, CA, 92626

Grades KG-6

0.31 miles away

C

Costa Mesa Middle and High School

2650 Fairview Rd, Costa Mesa, CA, 92626

Grades 7-12

0.67 miles away

C

Costa Mesa Middle and High School

2650 Fairview Rd, Costa Mesa, CA, 92626

Grades 7-12

0.67 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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