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    2616 Willo Ln Costa Mesa, CA 92627

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    Sponsored
    For Sale
    $2,495,000

    Cape Cod, Single Family Residence - Costa Mesa, CA

    Type:Single Family Residence
    Property size:
    2,328 SF
    Lot size:
    11,154.00 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 28 at 6:06 pm

    Property Features for 2616 Willo Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Laundry, Living Room
    Bedrooms
    4
    Bathrooms
    3
    APN
    43911212
    Parking
    4
    Parking features
    Driveway, Garage
    Patio and Porch features
    Patio
    Interior features
    Vacuum Central
    Exterior features
    Community Features Included: Hiking, Sidewalks, Patio Home, Cul-de-sac, Landscaped, Rectangular Lot, Front Yard, Garden, Lot 10000-19999 Sqft, Back Yard, Yard
    Appliances
    Dishwasher, Freezer, Garbage Disposer, Range, Range - Gas, Refrigerator, Washer
    Size
    2,328 SF
    Lot size
    11,154.00 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2004
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Wood
    Architectural style
    Cape Cod

    We can help!

    Listing Contact
    Ronnie Cancellieri

    Surterre Properties

    Listing agent Ronnie Cancellieri License #01823391

    Listing date Mar 25, 2026

    MLS# NP26061694 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

    Eastside Costa Mesa Development Opportunity

    This property features an oversized 11,154 square foot lot with development and Additional Dwelling Unit (ADU) potential. The existing structure is a 2,328 square foot Cape Cod style single family residence with 4 bedrooms and 3 bathrooms. There is also an approximately 850 square foot 2-car garage, currently configured with two unpermitted rooms. Located on a non-incorporated street, Orange County handles permitting, which may allow additional dwelling or ADU possibilities. The property is situated in Eastside Costa Mesa, adjacent to the Back Bay and minutes from Fashion Island and the beach. This location presents an opportunity for investors, builders, or buyers seeking expansion potential. The buyer is advised to verify all zoning and development options with Orange County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Costa Mesa
    County
    Orange
    State
    California
    Longitude
    -117.886825
    Latitude
    33.6577625

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    FAQs

    What type of property is this?
    Residential land & home lot - Oversized lot with development and ADU potential in Costa Mesa.
    Where is this residential land & home lot located?
    The property is located at 2616 Willo Ln Costa Mesa, CA.
    What is the asking price?
    The asking price for this property is $2,495,000.
    What are key features of this property?
    This property features: - Oversized 11,154 sq ft lot with development and ADU potential.; - Orange County handles permitting on this non-incorporated street, potentially allowing additional dwelling/ADU possibilities.; - Prime location adjacent to the Back Bay and minutes to Fashion Island and the beach.
    (949) 795-0873
    Request Owner's contact information
    2616 Willo Ln Costa Mesa, CA 92627
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    Costa Mesa, CA 92627
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    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
    2616 Willo Ln Costa Mesa, CA 92627
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    We can help!
    Listing Contact
    Ronnie Cancellieri
    Real Estate License ID: 01823391
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