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$350,000 -$150,000 (-30%) Price Reduced
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Property Description
Welcome to MO PHO MI, Authentic Vietnamese Cuisine is Located within the high-traffic Mesa Verde Plaza near the bustling intersection of Harbor Blvd and Adams Ave, this established restaurant enjoys unparalleled visibility and a steady stream of local regulars and tourists. Spanning 1,350 SQFT with an efficient layout, the space features an attractive monthly rent of $4,139 (NNN included), with an additional 250 SQFT of dedicated storage available for just $500/month. This is a rare, high-volume location boasting impressive revenue between $750,000-$800,000, making it a powerhouse for any operator. The sale is truly turn-key, including a coveted Type 41 Beer & Wine License and all professional-grade equipment. The current concept is a beloved, health-conscious Vietnamese pho restaurant (No MSG) that has recently expanded its appeal with an outdoor dining patio and a refreshed drink menu featuring beer, wine, and cocktails. Whether you choose to continue the successful existing brand or bring a fresh new concept to this flexible space, the infrastructure is ready for immediate operation. With the current owner retiring and offering comprehensive training and transition support, this is the perfect hand-off for a first-time owner or a strategic addition to a growing restaurant group.
Full Property Details
Full Property Details for 1525 Mesa Verde Dr E #114
General
- Price: $350,000
- Status: Active
- Type: Business
- Source: MRMLS
- MLS ID: PW26027592
- Updated: 2/9/2026
- Days on Market: 3 days
- Added to Site: 9 day(s) ago
Business
- Business Type: Restaurant
- Year Established: 2019
- Seating Capacity: 50
Location
- County: Orange
- Building Name: Mesa Verde Plaza
- Driving Directions: Near Harbor Blvd and Mesa Verde Dr E in Mesa Verde Plaza
Financial Considerations
- Operating Expenses: $490,000
Disclosures and Reports
- Property ID: 13936205
Listed by Frontier Realty Inc, RichardLe
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Schools
Schools serving 1525 Mesa Verde Dr E #114
School District:Newport-Mesa Unified School District
| Name | Grades | Distance |
|---|---|---|
Adams Elementary School, Costa Mesa, CA 2850 Clubhouse Road, Costa Mesa, CA 92626 | K-6 | 0.7 mi |
Charles W. Tewinkle Middle School 3224 CA Ave., Costa Mesa, CA 92626 | 7-8 | 1.2 mi |
Estancia High School 2323 Placentia Avenue, Costa Mesa, CA 92627 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1525 Mesa Verde Dr E #114
Date
Details
Price
Change
Source
2/09/2026
Price Reduced
$350,000
-30%
MLS
1/31/2026
Listed
$500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1525 Mesa Verde Dr E #114
Year
Property Taxes
Change
Tax Assessment
Change
2025
$87,483
31%
$4,622,602
2%
2024
$66,612
-19%
$4,531,963
2%
2023
$82,147
43%
$4,443,101
2%
2022
$57,639
4%
$4,355,982
2%
2021
$55,504
4%
$4,270,571
1%
2020
$53,393
2%
$4,226,782
2%
2019
$52,457
-22%
$4,143,904
2%
2018
$67,225
19%
$4,062,651
2%
2017
$56,380
4%
$3,982,992
2%
2016
$54,013
1%
$3,904,895
2%
2015
$53,363
-3%
$3,846,240
3%
2014
$54,977
3%
$3,734,898
2%
2013
$53,395
—
$3,671,562
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1525 Mesa Verde Dr E #114
1525 Mesa Verde Dr E #114, Costa Mesa, CA 92626 (MLS# PW26027592) is a Business property. 1525 Mesa Verde Dr E #114 is currently listed for $350,000 and was received on January 31, 2026. Want to learn more about 1525 Mesa Verde Dr E #114? Do you have questions about finding other Business real estate for sale in Costa Mesa? You can browse all Costa Mesa real estate or contact a Coldwell Banker agent to request more information.

