Costa Mesa Duplex
For Sale
Contact for pricing
Pending
2171 Pomona, Costa Mesa, CA 92627
Duplex in Westside Costa Mesa with strong rental potential.
Property Size1,680 SF
Lot Size0.15 Acres
Days on Market161
Property Features for 2171 Pomona
General Information
Standard status
Pending
Size
1,680 SF
Lot size
0.15 Acres
Property subtype
Multifamily
Zoning
Public Rec
Building Details
Buildings
2
Stories
1
Units
2
Listing Agency:
First Team Real Estate North Tustin
Listed By:
Daniel DeForest · License #02003121
Source:
Crexi
Added: Mar 9
Changed: Aug 8
Last Checked: Jul 24 at 6:48PM
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 First Team Real Estate North Tustin
Investment Insights
Based on property information with market context.
This duplex is located in the Westside Costa Mesa neighborhood. The property features two units, each with 2 bedrooms and 1 bathroom, and approximately 840 sq ft of living space. Each unit includes bright living areas, functional kitchens with ample cabinetry, and sliding door access to private rear patios. The interiors offer open living spaces and practical layouts. Each unit also includes garage parking and private outdoor space. Situated on a large approximately 6,490 sq ft lot, the property offers strong rental potential and long-term upside. The property is conveniently located near shopping and dining along Harbor Blvd and Placentia Ave, and is just minutes from Orange Coast College, Costa Mesa Golf Course, the OC Fairgrounds, and Newport Beach. Nearby schools include Wilson Elementary, Tewinkle Middle School, and Estancia High School.
Key Highlights
- Desirable Westside Costa Mesa location.
- Duplex property offers strong rental potential and long‑term upside.
- Two spacious units, each with 2 bedrooms and 1 bathroom, approximately 840 sq ft per unit.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,409
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$768,180
$768.2K
Cap Rate 7%
$548,700
$548.7K
Cap Rate 9%
$426,767
$426.8K
Market Conditions
NOI Build-Up for 1,680 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$57.5K $34.20/SF
− Vacancy
−$2.6K −$1.54/SF
EGI
$54.9K $32.66/SF
− OpEx
−$16.5K −$9.80/SF
NOI
$38.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$768,180
Cap Rate 7%
$548,700
Cap Rate 9%
$426,767
Alternative Uses
Best Use
Multifamily LT 5
$548.7K
$480.1K – $640.2K
NOI $38,409 @ 7.0% cap · market cap 2.85%
Second Best
Apartment 5plus
$509.4K
$445.7K – $594.3K
NOI $35,659 @ 7.0% cap · market cap 2.64%
Theoretical Best
Office A
$569.0K
$497.9K – $663.8K
NOI $39,830 @ 7.0% cap · market cap 2.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
991
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex in Westside Costa Mesa with strong rental potential.
Where is this duplex located?
The property is located at 2171 Pomona Costa Mesa, CA.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: Desirable Westside Costa Mesa location.; Duplex property offers strong rental potential and long‑term upside.; Two spacious units, each with 2 bedrooms and 1 bathroom, approximately 840 sq ft per unit.
