$10,000 Closing Credit¹
#PW24247967, Cheryl Korte, Listing Office: BHHS CA Properties
#OC25045542·
Listing Office: New Dimension Investment Prop·
Listing Agent: Bob Walz·
Listing Office Phone: 714-393-8060
$2,199,999 List price
3133 Coral Ave Costa Mesa, CA 92626
$10,000
Closing credit¹
0.3 acres
Multi-Family
Property details
About 3133 Coral Ave
RARE INVESTMENT PROPERTY INDEED!!! Remodeled Single story Duplex. Built in 1970 with a completely separate Two Story 4 Bedroom House added at the rear of the lot. The Two Story House, built in 1996 is 1,730 Sq. Ft. and has a 2-car garage. The Duplex has a total of 2,293 Sq. Ft. The total Square footage for the Duplex + House is 4,023 Sq. Ft. Each unit in the Duplex has Central Heat. 2br unit has 1.5 bath. The Duplex has been beautifully remodeled in the last year or so with new windows kitchens, Baths and new flooring. The Roofs on the duplex and House were replaced in 2017. This property is in the highly desirable and popular "SPICE STREET TRACT" of 4-Plexes in Costa Mesa. Walk 1 block to nearby park within the tract. Tenants have their own washer and dryer hook-ups. Extremely large 13,292 Square Foot Lot which allowed for the addition of the 2 story 4br - 2ba separate House built to the rear of the duplex in 1996. This is truly a very Unique opportunity to purchase an exceptional 3 unit investment property with huge income potential. Market rents could generate $124,800 in gross income per year which is more than most of the 4-plexes in the tract. Lease on the 4br currently at $3,376 is ends on September 30, 2025 and can then be raised to $3,675 within the boundaries of CA rent control assuming the cost of living index remains at 3.9%. There is one 2-car garage, one single garage plus 9 open parking spaces, all on concrete, which includes one space in front of each garage. The trash expense is included in the special assessments portion of the property tax bill. So, with this property you will have no Trash Dumpster bill as you would with most properties. Also, it has separate water heaters for each unit. Long term tenants in both duplex units and all 3 rents can be increased on Oct. 1, 2025. There is still the possibility to build an ADU or to add onto the Duplex and/or the House. Lots of opportunity to increase income. Additionally, there is no messy alley to contend with. All parking is on beautiful concrete (no asphalt with pothole issues). The location in the tract couldn't be better. Walk 1 block to park inside the tract. SUPER QUIET AREA. Also, there are no tenants above or below another tenant. You will look for a very long time to find another 3 unit property with the amenities of this one. Hurry on this one to allow yourself the opportunity to own an investment property of this caliper and one that you will want to own for a very long time!!!
Highlights
Home typeTriplex
HeatingCentral, Forced Air, Fireplace(s)
StatusActive
Lot size0.3051 Acres
Year built1970
ParkingDoor-Multi, Door-Single, Garage, On Street, Unassigned, Uncovered
MLS #OC25045542
Garage3 spaces
FireplaceLiving Room
Summary
- MLS Number: OC25045542
- MLS Name: CRMLS
- Office Name: New Dimension Investment Prop
- Office Phone: (714) 393-8060
- Listing Agent: Bob Walz
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 7:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$2,199,999
3133 Coral Ave
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 16, 2023 | Home Sold | $1,725,000 |
| Nov 12, 2008 | Home Sold | $906,000 |
| Sep 24, 1992 | Home Sold | $280,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,759,500 | $20,749 |
| 2023 | $1,059,025 | $13,099 |
| 2022 | $1,038,260 | $12,609 |
| 2021 | $1,017,902 | $12,153 |
| 2020 | $1,007,465 | $11,990 |
| 2019 | $987,711 | $11,479 |
| 2018 | $968,345 | $11,479 |
| 2017 | $949,358 | $11,292 |
History based on county public records data.
Nearby schools
7
California Elementary School
Public District KG-6
0.3 mi
•3232 CA Ave
7
Killybrooke Elementary School
Public District KG-6
0.6 mi
•3155 Killybrooke Ln
5
Adams Elementary School
Public District KG-6
0.8 mi
•2850 Club House Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $69,683. Most Costa Mesa, CA residents have annual incomes between $35k-100k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
15%
<35k
65%
35k-100k
21%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
43%
Single, No Kids
15%
Single, with Kids
17%
Married, No Kids
25%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
9%
12-17 yrs old
27%
18-34 yrs old
40%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Music Concerts
Art Museums
Where do the neighbors shop?
Banana Republic
H&M
Bloomingdales
Where do the neighbors go to eat?
Jack In The Box
Chipotle
Starbucks
What do the neighbors drive?
Toyota
Volkswagen
Audi
What do the neighbors listen to?
Jazz
Rhythmic Contemporary Hits
News
All data provided by Home Junction and Claritas
Similar homes for sale
Backup offers
$10,000 Closing Credit¹
#PW24247282, Thomas Santoro, Listing Office: Crane Real Estate
This home is located at 3133 Coral Ave in Costa Mesa, CA and zip code 92626. Features: 0 bathroom. It has been listed on Rocket Homes since March 2, 2025 and is currently priced at $2,199,999.
Costa Mesa, CA housing market in February 2025 saw over 20 listings sold above listed price, more than 3 sold at listed price and over 20 sold below. In February 2025 in Costa Mesa, CA there were 18.3% more homes for sale than in January. The median list price of listings available in February 2025 was $1,398,975, while the average time on the real estate market was 24 days.
From Rocket Homes Real Estate and based on county public records data.