117 Clearbrook Lane, Costa Mesa, CA 92626

• 4 beds
• 2,528 sqft

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

Interior

• Laundry: Other
• A/C: No Air Conditioning

Exterior

• General: Other
• Parking: Other

Location

• HOA Amenities: 0.0
• County: Orange

Lot

• Zoning: 41914119

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