Triplex with Private Outdoor
New
For Sale
$1,800,000
3029 Jeffrey Drive, Costa Mesa, CA 92626
Three residences include washer and dryer hookups, with a mix of two- and three-bedroom layouts.
Property Size3,023 SF
Lot Size0.14 Acres
Price / SF$595.43
Days on Market4
Property Features for 3029 Jeffrey Drive
General Information
Standard status
Active
Size
3,023 SF
Total Parking Spaces
6
Lot size
0.14 Acres
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/2BA, 2 x 2BR/1BA
Multifamily Units
3
Parking per Unit
2
Amenities
washer/dryer hookups
private patios and balconies
1
No Common Walls
2
Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup
Rectangular Lot
false
Public
6098
6
0.14
Assessor
3023
3
Building Details
Building Size
3,023 SF
Year Built
1977
Buildings
1
Stories
2
Listing Agency:
Morgan Skenderian
Listed By:
Rick Applebaum · License #CA 01273871
(949) 251-8800
Source:
Lmbenterprises
Added: Oct 29
Last Checked: Oct 29 at 2:36PM
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 Morgan Skenderian
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Investment Insights
Based on property information with market context.
This 3,023-square-foot triplex, built in 1977, contains one three-bedroom, two-bathroom residence and two two-bedroom, one-bathroom residences. Washer and dryer hookups are provided, and the property includes private patios and balconies. Parking consists of four garages and two open spaces on a 6,098-square-foot lot.
The property is in Costa Mesa, approximately half a mile from South Coast Plaza.
The property is in Costa Mesa, approximately half a mile from South Coast Plaza.
Key Highlights
- Three units: one 3BR/2BA and two 2BR/1BA residences
- 3,023 SF building on a 6,098 SF lot
- Built in 1977
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,114
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,382,280
$1.4M
Cap Rate 7%
$987,343
$987.3K
Cap Rate 9%
$767,933
$767.9K
Market Conditions
NOI Build-Up for 3,023 SF
Gross rent
$103.4K $34.20/SF
− Vacancy
−$4.7K −$1.54/SF
EGI
$98.7K $32.66/SF
− OpEx
−$29.6K −$9.80/SF
NOI
$69.1K $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%
$1,382,280
Cap Rate 7%
$987,343
Cap Rate 9%
$767,933
Alternative Uses
Best Use
Multifamily LT 5
$987.3K
$863.9K – $1.15M
NOI $69,114 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$916.6K
$802.1K – $1.07M
NOI $64,165 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$1.02M
$895.9K – $1.19M
NOI $71,670 @ 7.0% cap · market cap 3.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,609
Businesses Nearby
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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 - Three residences include washer and dryer hookups, with a mix of two- and three-bedroom layouts.
Where is this triplex located?
The property is located at 3029 Jeffrey Drive 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: Three units: one 3BR/2BA and two 2BR/1BA residences; 3,023 SF building on a 6,098 SF lot; Built in 1977
