2214 Rutgers Drive, Costa Mesa, California 92627, Costa Mesa, - bed, bath

home-pic
ACTIVE$1,600,000
2214 Rutgers Drive, Costa Mesa, California 92627
0Bed
0Bath
2,490Sqft
6,098Lot
Year Built
1958
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NP25245121
Home ConditionFair
Features
Deck
Patio
View-

About this home

Income-producing triplex in Central Costa Mesa near Wilson, Harbor and Fairview, minutes to the beach, South Coast Plaza, major freeways and John Wayne Airport. All three 2 bed 1 bath units include a private one-car garage plus an additional parking space. Units A and B are downstairs with rear patios that include exterior laundry hook-ups, and Unit C is an upstairs unit with a private deck and no laundry hook-ups. Recent improvements include a newer roof, dual-pane windows, upgraded electrical in all units, vinyl perimeter fencing, laminate flooring in Unit B and ceiling fans in Unit A. Tenants pay utilities except water and trash. The property is fully occupied at strong rents, producing a stronger-than-average gross cap rate for the Costa Mesa triplex market. Interior photos were taken prior to the current tenants.

Price History

Date
Event
Price
10/22/25
Listing
$1,600,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (10 Listings)
Beds00
Baths00
Square foot2,4902,155
73%
Lot Size6,0986,534
18%
Price$1.6M$1.7M
45%
Price per square foot$643$990
36%
Built year19581950
64%
HOA
Days on market14226
9%
Condition Rating
Fair

Built in 1958, this triplex has received some important functional updates such as a newer roof, dual-pane windows, and upgraded electrical, which are positive for its structural integrity and safety. However, the interior photos, described as being taken prior to current tenants, reveal kitchens and bathrooms that are significantly dated. Kitchens feature basic white flat-panel cabinets, laminate countertops, older white appliances, and ceramic tile flooring in some units. Bathrooms have simple vanities and dated tile surrounds. While Unit B has newer laminate flooring, other units retain older tile. Heating is via wall heaters, indicating a lack of central HVAC. The property is functional and maintained, but the aesthetic and some core systems (like kitchens, bathrooms, and heating) show signs of being outdated, likely from renovations 15-30 years ago, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Strong Income Production: The property is a fully occupied triplex generating strong rents and a stronger-than-average gross cap rate for the Costa Mesa market, indicating a robust investment opportunity.
Prime Central Location: Strategically located in Central Costa Mesa, offering excellent proximity to the beach, South Coast Plaza, major freeways, and John Wayne Airport, enhancing tenant demand and property value.
Recent Capital Improvements: Significant recent upgrades including a newer roof, dual-pane windows, upgraded electrical in all units, and vinyl perimeter fencing reduce immediate maintenance concerns for a new owner.
Individual Garages & Parking: Each of the three 2-bedroom units benefits from a private one-car garage plus an additional parking space, a highly desirable amenity for tenants in this area.
Reduced Owner Operating Costs: Tenants are responsible for paying their own utilities (excluding water and trash), which helps to minimize the owner's ongoing operational expenses.

Cons

Property Age: Built in 1958, the property's age, despite recent upgrades, may imply potential for older infrastructure or systems that could require future maintenance or replacement.
Inconsistent Unit Amenities: Unit C, the upstairs unit, lacks laundry hook-ups, which is a notable disadvantage compared to Units A and B, potentially affecting its rentability or tenant satisfaction.
Outdated Interior Photos: The interior photos were taken prior to the current tenants, creating uncertainty regarding the current condition and potential wear-and-tear, which may require in-person verification.

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