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$3,300,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 1 hour ago
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Offered at $3,00,000, this 6-unit multifamily property in Costa Mesa provides a strong turn-key opportunity in a supply-constrained market. Originally constructed in 1964 as a 4-plex, the building was expanded in the past year with the addition of two brand-new ADUs completed in 2026. The property now totals 5,267 SF and has been extensively renovated with over $945,000 in recent improvements, including modern unit interiors and durable finishes. The unit mix includes studio, one-, two-, and three-bedroom layouts, designed to capture a wide range of tenant demand. With current rents already strong and additional upside available, investors can benefit from both immediate income and long-term appreciation. Located near South Coast Plaza, The Camp, and major transportation corridors, the property combines stable tenant demand with proven rental performance, making for a strategic investment in a highly sought-after Orange County submarket.

Full Property Details for 988 El Camino

General

  • Price: $3,300,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: OC26230822
  • Updated: Today (10/27/2026)
  • Added to Site: Today

Interior

  • Rooms/Areas: Kitchen, Living Room, Primary Bathroom
  • Interior Features: Granite Counters
  • Fireplace(s): None
  • Appliances: Convection Oven, Disposal, Microwave, Dishwasher
  • Flooring: Vinyl

Rooms

Other Rooms

  • Laundry: Inside, Community, Outside

Additional Information

  • Pool Description: None
  • Spa Description: None

Exterior

  • Exterior Features: Rain Gutters, Lighting

Parking

  • Garage Spaces: 4
  • Parking Features: Garage, Assigned, Garage (Single Door), Garage Faces Rear
  • Parking: Garage, Assigned, Garage (Single Door), Garage Faces Rear

Location

  • Area: C1 - Mesa Verde
  • County: Orange
  • Development Name: C1 - Mesa Verde
  • Driving Directions: Adams and Fairview

Heating & Cooling

  • Cooling Type: Dual, Wall/Window Unit(s)
  • Heating Type: Ductless, Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 6
  • # Electric Meters: 6

Structural Information

  • Architectural Style: Modern
  • Foundation: Slab
  • Roof: Shingle
  • Windows: Blinds, Screens
  • Doors: Double-Door Entry
  • Entry Location: Street
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 5,267
  • Year Built: 1964

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 3
  • Bedrooms: 4

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 6

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Property View: Neighborhood
  • Lot Size (Acres): 0.1542
  • Lot Size (Sq. Ft.): 6,719
  • Lot Size Source: Survey
  • Zoning: R-3
  • Lot Description: Rectangular Lot, 21-25 Units/Acre

Financial Considerations

  • Price Per Sq. Ft.: $626.54
  • Price Per Unit: 550000

Listed by Seven Gables Real Estate, John Allen

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Listing agent

— 988 El Camino —

  • John Allen

    Seven Gables Real Estate

714-651-9706

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 988 El Camino

School District:Newport-Mesa Unified School District
NameGradesDistance
Sonora Elementary School
966 Sonora Road, Costa Mesa, CA 92626
K-60.1 mi
Costa Mesa High School
2650 Fairview Road, Costa Mesa, CA 92626
7-120.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 988 El Camino Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/27/2026
Listed
$3,300,000
82.12%
MLS
8/14/2024
Sold
$1,812,000
—
Public Record
Get Price Alerts and Save Property
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 for 988 El Camino

Year
Property Taxes
Change
Tax Assessment
Change
2025
$20,967
—
$1,848,074
2%
2025
$20,967
3%
$1,811,838
3%
2024
$20,287
3%
$1,750,993
2%
2023
$19,721
3%
$1,716,660
2%
2022
$19,139
260%
$1,683,000
331%
2021
$5,318
1%
$390,461
1%
2020
$5,268
2%
$386,458
2%
2019
$5,182
2%
$378,881
2%
2018
$5,091
2%
$371,452
2%
2017
$5,008
2%
$364,169
2%
2016
$4,906
1%
$357,029
2%
2015
$4,852
2%
$351,667
2%
2014
$4,741
1%
$344,779
—
2013
$4,698
—
$343,221
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Seven Gables Real Estate, John Allen

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988 El Camino, Costa Mesa, CA 92626 (MLS# OC26230822) is a Multi-Family property with 6 units containing 0 bedrooms and 0 full bathrooms. 988 El Camino is currently listed for $3,300,000 and was received on October 27, 2026. Want to learn more about 988 El Camino? Do you have questions about finding other Multi-Family 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.

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