3-Unit Triplex on Corner
For Sale
$1,650,000
3045 Coolidge, Costa Mesa, CA 92626
Triplex with three 2-bedroom units on a corner lot, built in 1962, near Paularino Elementary.
Property Size3,191 SF
Days on Market16
Property Features for 3045 Coolidge
General Information
Standard status
Active
Size
3,191 SF
Property subtype
Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
3
Building Details
Building Size
3,191 SF
Year Built
1962
Buildings
1
Listing Agency:
Seven Gables Real Estate
Listed By:
Dave Troutt · License #01749025
Source:
Altamirarealty
Added: Jul 21
Changed: Jul 30
Last Checked: Aug 5 at 4:31AM
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 Seven Gables Real Estate
Investment Insights
Based on property information with market context.
This 3-unit triplex is located on a prime corner lot and features three spacious 2-bedroom units with 1 and 2 bathrooms. The property is described as having excellent curb appeal and abundant natural light, with a layout that appeals to long-term tenants.
Set in a Costa Mesa rental neighborhood, the corner location is bordered by established single-family homes on one side and multifamily residences on the other. Residents are within walking distance to Paularino Elementary School, with nearby parks and neighborhood shopping, restaurants, and everyday conveniences.
The property also provides convenient access throughout Orange County via the 55, 405, and 73 Freeways. It is described as being just minutes from South Coast Plaza, Segerstrom Center for the Arts, Orange Coast College, John Wayne Airport, and the beaches of Newport Beach and Huntington Beach.
Set in a Costa Mesa rental neighborhood, the corner location is bordered by established single-family homes on one side and multifamily residences on the other. Residents are within walking distance to Paularino Elementary School, with nearby parks and neighborhood shopping, restaurants, and everyday conveniences.
The property also provides convenient access throughout Orange County via the 55, 405, and 73 Freeways. It is described as being just minutes from South Coast Plaza, Segerstrom Center for the Arts, Orange Coast College, John Wayne Airport, and the beaches of Newport Beach and Huntington Beach.
Key Highlights
- Three 2‑bedroom units with 1 and 2 bathrooms
- Prime corner lot location
- Built in 1962
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.1k | $34.20 |
| − Vacancy | −$4.9k | −$1.54 |
| EGI | $104.2k | $32.66 |
| − OpEx | −$31.3k | −$9.80 |
| NOI | $73.0k | $22.86 |
3,191 SF · lease $34.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$911.9K – $1.22M
NOI $72,955 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$967.6K
$846.6K – $1.13M
NOI $67,731 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$1.08M
$945.7K – $1.26M
NOI $75,653 @ 7.0% cap · market cap 4.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,304
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex with three 2-bedroom units on a corner lot, built in 1962, near Paularino Elementary.
Where is this triplex located?
The property is located at 3045 Coolidge Costa Mesa, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Three 2‑bedroom units with 1 and 2 bathrooms; Prime corner lot location; Built in 1962
