Property summary
This exceptional mixed-use property, located at 2424 & 2426 Newport Boulevard in Costa Mesa, California, presents a compelling investment opportunity. The 19,602 square foot lot features a fully occupied building (100% occupancy) constructed in 1936 and renovated in 2016, encompassing retail shops, office space, and multifamily residential units. Currently generating a NOI of $146,219, a pro-forma NOI of $267,443 is projected, representing a potential 85%+ increase. This significant upside… potential stems from below-market rents on short-term leases. The property boasts prominent signage along Newport Boulevard and the 55 Freeway (128,555 vehicles daily), benefiting from high visibility and traffic. Recent upgrades to the facade and signage enhance curb appeal. The property's zoning is commercial, and its location in Costa Mesa aligns with Measure Q requirements for a potential cannabis dispensary (buyer verification required). The area boasts a dense, affluent population (approximately 449,799 residents within a 5-mile radius, with an average household income exceeding $114,000) and a strong employment base (over 314,000 employees). Nearby amenities include Vanguard University, the Orange County Fair & Event Center, John Wayne Airport, and numerous retail establishments. The asking price is $4,000,000, with a price per square foot of $402.01 and a pro-forma cap rate of 6.69%. This property offers a rare chance to acquire a mixed-use asset in a high-barrier-to-entry, sought-after Eastside Costa Mesa neighborhood. The APN is 4 39-281-03.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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