Est. cap rate

3.1%

Assumed rent, all units

$9,180/mo

Units

3

Price per unit

$599,333

Est. annual NOI

$55,080

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

3

Building size

3,167 sqft

Lot size

6,970 sqft

Year built

1960

Stories

2

Garage spaces

3

Heating

Forced Air

Cooling

None

Pool

None

Status

Active

Days on market

1

MLS #

248725729

About this property

A rare investment opportunity in highly sought-after Mesa Verde! This well-maintained triplex offers three clean, beautifully updated units in a prime Costa Mesa location just minutes from shopping and dining. Unit A is a spacious 3-bedroom, 1-bath home with a large private yard, ideal for tenants who want room to relax, garden, or entertain. Units B and C each offer 2 bedrooms, 1.5 baths, and their own private patio for comfortable indoor-outdoor living. Each unit also has its own detached garage space. With strong curb appeal, quality updates throughout, and a location tenants love, 1544 Elm Ave is a turnkey addition to any portfolio. Properties like this rarely come to market in Mesa Verde. Don’t miss it!

Location

1544 Elm

Costa Mesa, Orange, CA, 92626