Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2214 Rutgers Dr Costa Mesa, CA 92627

    View on Map
    Sponsored
    For Sale
    $1,600,000

    Triplex - Costa Mesa, CA

    Type:Triplex
    Property size:
    2,490 SF
    Lot size:
    6,098.00 Acres
    Days on Market:
    136
    Last Refresh:
    Mar 6 at 5:06 pm

    Property Features for 2214 Rutgers Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    3
    APN
    41906208
    Parking
    6
    Parking features
    Assigned
    Exterior features
    Community Features Included: Sidewalks, Rectangular Lot
    Size
    2,490 SF
    Lot size
    6,098.00 Acres

    Utilities

    Heating system
    Wall Furnace
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1958
    Floors in Building
    2
    Number of units
    3
    Architectural style
    Other

    We can help!

    Listing Contact
    Nick Skawinski

    First Team Real Estate (949) 988-3000

    Listing agent Nick Skawinski (949) 988-3000 License #01937449

    Listing date Oct 22, 2025

    MLS# NP25245121 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Costa Mesa Income Property Triplex

    This income-producing triplex is located in central Costa Mesa, situated between Wilson, Harbor, and Fairview. The property is near South Coast Plaza, major freeways, and John Wayne Airport. The building contains three units, each featuring 2 bedrooms and 1 bathroom. Each unit includes a private one-car garage and an additional parking space. Units A and B are located downstairs and have rear patios and exterior laundry hook-ups. Unit C is upstairs and includes a private deck. The owner has invested over $110,000 in upgrading the property, including re-leasing to higher-paying tenants. All three units are currently tenant-occupied with month-to-month leases. Recent improvements include major electrical upgrades, termite and fascia work, vinyl perimeter fencing, interior flooring and paint, and select kitchen and bath updates. The lot size is approximately 0.14 acres. The property size is 2490 square feet. Tenants are responsible for paying all utilities except water and trash.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Costa Mesa
    County
    Orange
    State
    California
    Longitude
    -117.911694
    Latitude
    33.65493

    Nearby Similar for Sale

    • $1,749,900
      2,400 SF

      Costa Mesa Office Building For Sale

      Two-story office building in Costa Mesa with private garage.
      752 W 19Th St, Costa Mesa, CA 92627
      View Details
    • $119,000

      Ding Tea Business Opportunity

      Turnkey boba shop in high-traffic Costa Mesa plaza.
      2706 Harbor Blvd, Costa Mesa, CA 92626
      View Details
    • New
      $1,699,000
      3,150 SF

      Costa Mesa Triplex Investment Opportunity

      Income-generating triplex in a desirable Costa Mesa location.
      664 Center St, Costa Mesa, CA 92627
      View Details
    • $3,850,000
      3,050 SF

      Costa Mesa Retail Building For Sale

      West side Costa Mesa building with prominent signage and parking.
      1775 Newport Blvd, Costa Mesa, CA 92627
      View Details
    • $2,081,200
      4,730 SF

      Costa Mesa Industrial Condo

      2,800 SF warehouse with offices and freeway access.
      3505 Cadillac Ave, Costa Mesa, CA 92626
      View Details
    • $2,991,450
      2,442 SF

      Retail Building For Sale

      Retail building for sale in Costa Mesa, California.
      1990 Harbor Blvd, Costa Mesa, CA 92627
      View Details
    • $3,250,000

      Costa Mesa Office For Sale

      Office building with soundproof rooms and dedicated parking.
      628 W 19Th St, Costa Mesa, CA 92627
      View Details
    • $15,764,525
      26,495 SF

      Creative Office Space For Sale

      Unique creative office space with income in prime airport area.
      3185 Pullman St, Costa Mesa, CA 92626
      View Details
    • $7,428,850
      13,507 SF

      Free Standing Office Building

      Free standing office building with single or dual tenant capability.
      275 Baker St, Costa Mesa, CA 92626
      View Details
    • $15,500,000
      43,672 SF

      Costa Mesa Office Buildings For Sale

      Two office buildings available in Costa Mesa, California.
      3146-3152 Red Hill Ave, Costa Mesa, CA 92626
      View Details
    • $429,900

      Condo Office Near South Coast

      Office condo in Costa Mesa, near The Camp and LAB.
      2900 Bristol Suite B100 St, Costa Mesa, CA 92626
      View Details
    • $3,442,000

      Retail Center on Major Thoroughfare

      Three-unit retail center with high traffic and established tenants.
      621 W 19Th St, Costa Mesa, CA 92627
      View Details

    FAQs

    What type of property is this?
    Triplex - Income-producing triplex in central Costa Mesa with month-to-month leases.
    Where is this triplex located?
    The property is located at 2214 Rutgers Dr Costa Mesa, CA.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Income-producing triplex in a desirable Central Costa Mesa location.; - All units are 2 bed, 1 bath, each with a private one-car garage and an additional parking space.; - Over $110,000 in recent upgrades, including major electrical work, termite/fascia repairs, vinyl fencing, and interior improvements.
    (949) 310-1256
    Request Owner's contact information
    2214 Rutgers Dr Costa Mesa, CA 92627
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2214 Rutgers Dr
    Costa Mesa, CA 92627
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2214 Rutgers Dr Costa Mesa, CA 92627
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Nick Skawinski
    Real Estate License ID: 01937449
    (949) 310-1256 (949) 988-3000 (949) 759-5747
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!