ActiveResidential · sale

3045 Coolidge

Costa Mesa, CA 92626

$1,650,000

  • 0.13 acres
  • Built 1962

Listed by Seven Gables Real Estate · MLS #OC26159419

3045 Coolidge, Costa Mesa, CA 92626 — photo 1 View full photo
1 / 75

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1962.

Garage parking

3 garage spaces listed.

Property size

0.13 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Exceptional Costa Mesa Triplex Investment OpportunityRarely does a property like this become available in one of Costa Mesas most desirable rental neighborhoods Situated on a prime corner lot at 3045 Coolidge Avenue this wellpositioned triplex offers an outstanding investment opportunity featuring three spacious 2bedroom 1 and 2 bath units each with generously sized floor plans that consistently appeal to longterm tenantsThe propertys corner location provides an attractive residential setting bordered by established singlefamily homes on one side and multifamily residences on the othercreating the perfect balance of neighborhood charm and strong rental demand The building offers excellent curb appeal abundant natural light and a layout that tenants loveLocation is everything and this property delivers Residents enjoy walking distance to Paularino Elementary School nearby parks neighborhood shopping restaurants and everyday conveniences The property is just minutes from South Coast Plaza Segerstrom Center for the Arts Orange Coast College John Wayne Airport and the worldfamous beaches of Newport Beach and Huntington Beach Easy access to the 55 405 and 73 Freeways makes commuting throughout Orange County exceptionally convenientCosta Mesa continues to be one of Orange Countys strongest rental markets driven by its central location vibrant employment base highly desirable coastal lifestyle and proximity to major business centers The city boasts more than 80000 jobs a thriving economy outstanding dining and entertainment and one of Southern Californias most soughtafter lifestylesmaking quality rental housing consistently attractive to tenantsThree large 2bedroom unitsPrime corner locationExcellent tenant appealWalking distance to schoolsStrong rental demandClose to beaches shopping employment centers and freewaysLocated in one of Orange Countys most desirable investment marketsInvestment opportunities in this location are increasingly difficult to find This is your chance to own a quality incomeproducing asset in the heart of Costa Mesawhere strong fundamentals exceptional location and longterm appreciation potential come together to create an outstanding real estate investmentA true turnkey addition to any investment portfolio
Explore the locationMore properties in Costa Mesa

THE NEIGHBORHOOD

Explore the location.

3045 Coolidge, Costa Mesa, CA 92626

Loading property map…

Map position comes from the listing source. Open directions in Google Maps

THE DETAILS

The details, all in one place.

Property type
ResidentialIncome
Category
Residential
Year built
1962
Garage spaces
3
Pool
No
Pool features
None
Subdivision
Halecrest (HALE)
Parcel
14114168
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—
Estimated monthly rent$6,875.00
Cap rate—

Annual operating income: —

Have ERA review this rental estimate

Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

YOUR CAREER. YOUR NEXT CHAPTER.

Find your place in real estate.

Just getting started?

Explore real estate education and available licensing courses through ARTI Academics.

Become a real estate agent

Ready to work with ERA?

Discover the people, broker support, technology and education behind an ERA real estate career.

Join ERA Brokers

Moving for work?

Explore ERA Corporate Services for relocation assistance, employer programs, and information for veterans and military families.

Explore Corporate Services
Contact ERA about this property

Ask about this property.

3045 Coolidge, Costa Mesa, CA 92626 · MLS #OC26159419

Your preferred tour

Times are local to the property. Your tour is not scheduled until an agent confirms.

Your purchase plans

Property inquiries go to help@erabrokers.com.

More in Costa Mesa.

2519 Cornerstone$1,575,0002519 CornerstoneCosta Mesa, CA278 Santo Tomas$1,849,000278 Santo TomasCosta Mesa, CA181 Yorktown Lane$914,900181 Yorktown LaneCosta Mesa, CA

Listing information

MLS #OC26159419 · California Regional MLS

Listing brokerage: Seven Gables Real Estate
Listing agent: Dave Troutt

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.