Duplex with Private Outdoor
2150 Rural Lane, Costa Mesa, CA 92627
For Sale
$1,800,000
Each residence has a garage, individual laundry, and its own outdoor space.
Property Size3,031 SF
Days on Market9
Property Features for 2150 Rural Lane
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Road Access
Amenities
private outdoor entertaining spaces
expansive lawn areas
individual laundry facilities
fireplace
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Arbor Real Estate
Listed By:
Matt Perry · License #01192690
(949) 233-8161
Source:
Altamirarealty
Added: Oct 30
Changed: Nov 5
Last Checked: Nov 6 at 2:58PM
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 Arbor Real Estate
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Investment Insights
Based on property information with market context.
Built in 1951, this duplex contains two distinct residences with separate outdoor areas and garage access. Unit A has three bedrooms, including a primary suite, a living room with fireplace, a formal dining area, and a kitchen opening to the backyard. Skylights add natural light, while French doors connect the kitchen to the lawn. Unit B has three bedrooms, with one on the main level and two upstairs, along with two full bathrooms, a powder room, and additional storage. Both units have individual laundry facilities.
The property is in Eastside Costa Mesa, near schools and the shops and restaurants on 17th Street. The Newport Peninsula beaches are also nearby.
Two large driveways provide additional off-street parking. The residences have distinct layouts and private outdoor settings, including a backyard lawn for Unit A and a rear patio for Unit B.
The property is in Eastside Costa Mesa, near schools and the shops and restaurants on 17th Street. The Newport Peninsula beaches are also nearby.
Two large driveways provide additional off-street parking. The residences have distinct layouts and private outdoor settings, including a backyard lawn for Unit A and a rear patio for Unit B.
Key Highlights
- Duplex built in 1951 with two separate residences
- Unit A has 3 bedrooms, a primary suite, fireplace, and backyard lawn
- Unit B has 3 bedrooms, 2 full bathrooms, and a powder room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,297
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,385,940
$1.4M
Cap Rate 7%
$989,957
$990.0K
Cap Rate 9%
$769,967
$770.0K
Market Conditions
NOI Build-Up for 3,031 SF
Gross rent
$103.7K $34.20/SF
− Vacancy
−$4.7K −$1.54/SF
EGI
$99.0K $32.66/SF
− OpEx
−$29.7K −$9.80/SF
NOI
$69.3K $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%
$1,385,940
Cap Rate 7%
$989,957
Cap Rate 9%
$769,967
Alternative Uses
Best Use
Multifamily LT 5
$990.0K
$866.2K – $1.15M
NOI $69,297 @ 7.0% cap · market cap 3.85%
Second Best
Apartment 5plus
$919.1K
$804.2K – $1.07M
NOI $64,335 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$1.03M
$898.2K – $1.20M
NOI $71,859 @ 7.0% cap · market cap 3.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,442
Businesses Nearby
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Business Placement
Demographics for 92627, CA
61,764
Population
23,286
Households
2.7
Avg Household Size
36
Median Age
42%
College-Educated
85%
High-School Grad
6.4 sq mi
ZIP Area
9,651
Density / Sq Mi
$105,039
Median Household Income
$49,236
Median Earnings
$2,299
Median Rent
$1,074,900
Median Home Value
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Market
Properties on Market for Duplexes in Costa Mesa
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a garage, individual laundry, and its own outdoor space.
Where is this duplex located?
The property is located at 2150 Rural Lane Costa Mesa, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Duplex built in 1951 with two separate residences; Unit A has 3 bedrooms, a primary suite, fireplace, and backyard lawn; Unit B has 3 bedrooms, 2 full bathrooms, and a powder room
