2976 Royal Palm Drive, Costa Mesa, California 92626, Costa Mesa, - bed, bath
ACTIVE$2,050,000
2976 Royal Palm Drive, Costa Mesa, California 92626
0Bed
0Bath
3,550Sqft
7,405Lot
Year Built
1960
Close
-
List price
$2.05M
Original List price
$2.1M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25065712
Home ConditionFair
Features
ViewCity Lights,Neighborhood
About this home
FANTASTIC LOCATION! Welcome to this amazing opportunity!! Easy access to shopping & restaurants: The Camp, South Coast Plaza, plus major freeways 405,55,73. Tenants can also enjoy effortless commuting with nearby bus routes and walking distance to more shopping. Outstanding property for investors in the heart of Mesa Verde! The roof was replaced in October 2017. Plus there are 3 newer electrical sub panels. Each unit has stackable washer/dryer hookups and a single attached garage (no direct access) plus there's an additional parking space behind each garage. Notably clean and ready to sell.
Nearby schools
7/10
Adams Elementary School
Public,•PK-6•0.7mi
8/10
California Elementary School
Public,•K-6•0.7mi
4/10
Charles W. Tewinkle Middle School
Public,•7-8•0.6mi
5/10
Estancia High School
Public,•9-12•1.5mi
Price History
Date
Event
Price
09/03/25
Price Change
$2,050,000-2.3%
03/28/25
Listing
$2,098,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (5 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 3,550 | 3,787 | 50% |
| Lot Size | 7,405 | 8,059 | 50% |
| Price | $2.05M | $2M | 67% |
| Price per square foot | $577 | $462.5 | 83% |
| Built year | 1960 | 9815985 | 17% |
| HOA | |||
| Days on market | 223 | 210 | 50% |
Condition Rating
Fair
Built in 1960, this property has received some important updates such as a new roof in 2017 and newer electrical sub panels, and the exterior appears well-maintained with updated windows. However, there are no interior images or descriptions of the kitchens, bathrooms, or other living spaces. For a property of this age, it is highly probable that these critical interior areas are outdated in style and features, requiring significant renovation to meet modern standards. While major systems are functional due to recent updates, the lack of interior modernization aligns with the 'Fair' condition, indicating it's aged but maintained, with functional components that show signs of being outdated.
Pros & Cons
Pros
Exceptional Location & Accessibility: Strategically located in Mesa Verde with easy access to major freeways (405, 55, 73), prominent shopping centers (The Camp, South Coast Plaza), and public transport, ensuring high tenant demand.
Robust Income Property Potential: A well-positioned quadruplex in a designated Residential Income subdivision, offering a strong investment opportunity for consistent rental income.
Key Capital Improvements Completed: Recent updates including a new roof (2017) and three newer electrical sub-panels significantly reduce immediate maintenance concerns and future capital expenditures for the buyer.
Desirable Tenant Amenities: Each unit includes stackable washer/dryer hookups and dedicated garage parking with an additional space, enhancing tenant convenience and property appeal.
Appealing Views: The property offers pleasant city lights and neighborhood views, adding to its overall desirability and tenant satisfaction.
Cons
Property Age & Potential for Deferred Maintenance: Built in 1960, despite recent updates, other original systems (e.g., plumbing, windows, interior finishes) may be dated or nearing end-of-life, potentially requiring future capital investment.
Limited Garage Access: Garages are attached but lack direct access to units, which can be a minor inconvenience for tenants compared to properties with direct entry.
Recent Price Reduction: The property has undergone a price reduction from its original list price, which could suggest initial overpricing or a need to attract more buyer interest.