Remodeled Two-Unit
New
For Sale
$1,999,999
635 Plumer Street, Costa Mesa, CA 92627
Two distinct residences pair updated interiors with shared access to a landscaped backyard.
Property Size3,080 SF
Price / SF$649.35
Days on Market5
Property Features for 635 Plumer Street
General Information
Standard status
Active
Size
3,080 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
central air conditioning
backyard
Building Details
Building Size
3,080 SF
Year Built
1970
Listing Agency:
Advance Estate Realty
Listed By:
Minh Pham · License #01924281
(714) 894-4306
Source:
Velocityrealtysd
Added: Oct 6
Changed: Oct 10
Last Checked: Oct 10 at 2:53AM
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 Advance Estate Realty
Investment Insights
Based on property information with market context.
This Costa Mesa duplex contains two remodeled residences with 5 bedrooms, 4 bathrooms and approximately 3,080 square feet of combined living area. The single-story unit has 3 bedrooms, 2 bathrooms and approximately 1,906 square feet, including a front room and an open kitchen with a center island, bar seating, European-style cabinetry and quartz countertops. Its primary suite has an en-suite bathroom. The two-story residence offers 2 en-suite bedrooms, including one on the ground floor, within approximately 1,174 square feet; it also has central air conditioning.
Both residences have access to a landscaped backyard suited to outdoor dining and gatherings. The property is in Costa Mesa, within minutes of Newport Beach, shopping, dining, entertainment and the 55 Freeway.
Both residences have access to a landscaped backyard suited to outdoor dining and gatherings. The property is in Costa Mesa, within minutes of Newport Beach, shopping, dining, entertainment and the 55 Freeway.
Key Highlights
- Two residences combine for 5 bedrooms, 4 bathrooms and approximately 3,080 square feet
- Single‑story residence: 3 bedrooms, 2 bathrooms and approximately 1,906 square feet
- Two‑story residence: 2 en‑suite bedrooms and approximately 1,174 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,417
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,408,340
$1.4M
Cap Rate 7%
$1,005,957
$1.0M
Cap Rate 9%
$782,411
$782.4K
Market Conditions
NOI Build-Up for 3,080 SF
Gross rent
$105.3K $34.20/SF
− Vacancy
−$4.7K −$1.54/SF
EGI
$100.6K $32.66/SF
− OpEx
−$30.2K −$9.80/SF
NOI
$70.4K $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%
$1,408,340
Cap Rate 7%
$1,005,957
Cap Rate 9%
$782,411
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$880.2K – $1.17M
NOI $70,417 @ 7.0% cap · market cap 3.52%
Second Best
Apartment 5plus
$933.9K
$817.2K – $1.09M
NOI $65,375 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$1.04M
$912.8K – $1.22M
NOI $73,021 @ 7.0% cap · market cap 3.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,842
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences pair updated interiors with shared access to a landscaped backyard.
Where is this duplex located?
The property is located at 635 Plumer Street Costa Mesa, CA.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Two residences combine for 5 bedrooms, 4 bathrooms and approximately 3,080 square feet; Single‑story residence: 3 bedrooms, 2 bathrooms and approximately 1,906 square feet; Two‑story residence: 2 en‑suite bedrooms and approximately 1,174 square feet
