Three-Unit Triplex with
New
For Sale
$1,798,000
1544 Elm, Costa Mesa, CA 92626
Separate outdoor spaces and detached garage areas accompany each residence in this Costa Mesa property.
Property Size3,167 SF
Days on Market4
Property Features for 1544 Elm
General Information
Standard status
Active
Size
3,167 SF
Total Parking Spaces
3
Property subtype
Triplex
Units
Unit Mix
1 x 3BR/1BA, 2 x 2BR/1.5BA
Multifamily Units
3
Building Details
Building Size
3,167 SF
Year Built
1960
Listing Agency:
Torelli Realty
Listed By:
Valerie Torelli · License #00668297
(714) 313-3241
Source:
Stephanieyounggroup
Added: Oct 17
Changed: Oct 19
Last Checked: Oct 19 at 11:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Torelli Realty
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Investment Insights
Based on property information with market context.
This 1960 triplex contains three updated residences. Unit A has three bedrooms, one bathroom, and a private yard. Units B and C each provide two bedrooms, one and a half bathrooms, and a private patio. Each residence has a detached garage space.
The property is at 1544 Elm in Costa Mesa, California, near shopping and dining.
The property is at 1544 Elm in Costa Mesa, California, near shopping and dining.
Key Highlights
- Three‑unit triplex built in 1960
- Unit A: 3 bedrooms, 1 bathroom, and a private yard
- Units B and C: 2 bedrooms and 1.5 bathrooms each, with private patios
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,406
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,448,120
$1.4M
Cap Rate 7%
$1,034,371
$1.0M
Cap Rate 9%
$804,511
$804.5K
Market Conditions
NOI Build-Up for 3,167 SF
Gross rent
$108.3K $34.20/SF
− Vacancy
−$4.9K −$1.54/SF
EGI
$103.4K $32.66/SF
− OpEx
−$31.0K −$9.80/SF
NOI
$72.4K $22.86/SF
Area
Costa Mesa, CA
Vacancy
4.50%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,448,120
Cap Rate 7%
$1,034,371
Cap Rate 9%
$804,511
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$905.1K – $1.21M
NOI $72,406 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$960.3K
$840.3K – $1.12M
NOI $67,221 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$1.07M
$938.6K – $1.25M
NOI $75,084 @ 7.0% cap · market cap 4.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,778
Businesses Nearby
Explore this area
Business Placement
Demographics for 92626, CA
50,885
Population
20,643
Households
2.5
Avg Household Size
37
Median Age
46%
College-Educated
91%
High-School Grad
9.7 sq mi
ZIP Area
5,246
Density / Sq Mi
$117,627
Median Household Income
$55,920
Median Earnings
$2,520
Median Rent
$1,037,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Separate outdoor spaces and detached garage areas accompany each residence in this Costa Mesa property.
Where is this triplex located?
The property is located at 1544 Elm Costa Mesa, CA.
What is the asking price?
The asking price for this property is $1,798,000.
What are key features of this property?
This property features: Three‑unit triplex built in 1960; Unit A: 3 bedrooms, 1 bathroom, and a private yard; Units B and C: 2 bedrooms and 1.5 bathrooms each, with private patios
