$2,275,000

Multi Family In Costa Mesa

  • 9 Beds
  • 8 Baths
  • 8,277 Sqft lot
  • Updated: Today
  • Source:
    San Diego MLS  MLS#OC26167308

About the Property

3102 Ginger Street | Rare Mesa Verde Fourplex | Significant Rental & NOI Upside** Rarely available Mesa Verde fourplex with significant upside potential!** Ideally located in one of Costa Mesas most desirable neighborhoods, 3102 Ginger Street offers an exceptional combination of **below-market rents, an attractive unit mix, substantial parking, strong tenant appeal, and long-term value-add pot
3102 Ginger Street | Rare Mesa Verde Fourplex | Significant Rental & NOI Upside** Rarely available Mesa Verde fourplex with significant upside potential!** Ideally located in one of Costa Mesas most desirable neighborhoods, 3102 Ginger Street offers an exceptional combination of **below-market rents, an attractive unit mix, substantial parking, strong tenant appeal, and long-term value-add potential.**The property features **one spacious 3-bedroom residence and three 2-bedroom residences**, with larger-than-typical floor plans designed for comfortable residential living. **Seven on-site parking spaces** include a 2-car garage for the 3-bedroom unit and a 1-car garage for each 2-bedroom unitan exceptional amenity in Costa Mesa. Three units are single-level, with two located upstairs, creating a desirable residential setting uncommon among four-unit properties. **The investment opportunity is compelling:** current rents are below market, providing a clear path for future rent increases, **NOI growth, and improved cash flow** as units naturally turn over. An investor can further enhance value through strategic rent adjustments and targeted property improvements while benefiting from the propertys highly desirable location and long-term appreciation potential. The generous lot features a spacious front lawn and landscaped grounds, reinforcing the propertys residential character. Located approximately **five miles from the coast**, with convenient access to South Coast Plaza, Orange Coast College, OC Fairgrounds, Triangle Square, major employment centers, shopping, dining, and entertainment.**A true value-add opportunity in one of Orange Countys premier rental markets3102 Ginger Street offers the rare combination of four spacious residences, exceptional parking, below-market rents, and multiple avenues for future income and value growth.
  • Property type

    Other

  • Floors

    2

Features

  • Garage
  • Garden
  • Investment Property
  • Parking

Explore the Area

3102 Ginger Avenue, Costa Mesa, California, United States View on Google Maps
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Innovate Realty, Inc. - Irvine

Joined 10 months ago
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Innovate Realty, Inc. - Irvine
California, United States
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10
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2025
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Innovate Realty, Inc. - Irvine
Irvine, California, United States
View agency profile
Last updated
Today
First listed
Aug 13
Listing reference
OC26167308
Listing status
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