735 James Street, Costa Mesa, California 92627, Costa Mesa, - bed, bath
ACTIVE$1,735,000
735 James Street, Costa Mesa, California 92627
0Bed
0Bath
3,488Sqft
6,098Lot
Year Built
1962
Close
-
List price
$1.74M
Original List price
$1.74M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25173918
Home ConditionExcellent
Features
Deck
Patio
View-
About this home
Rare Opportunity in Prime Costa Mesa! One of the most well-maintained and thoughtfully updated 4-plexes you’ll find in all of Orange County. This exceptional property features two spacious 2-bedroom, 1-bath units with expansive private patios—perfect for entertaining or summer barbecues—and two charming 1-bedroom, 1-bath units, each with its own balcony. Recent upgrades include a brand-new roof, fresh exterior paint, expanded patios, new countertops, flooring, and the addition of air conditioning. Tenants enjoy the convenience of four garage spaces, a large front driveway for extra parking, and an on-site community laundry that provides additional income. Located just minutes from the beach, Triangle Square, shopping, and dining hotspots, this investment gem boasts excellent tenants and strong rental appeal. Properties like this are incredibly rare—don’t miss your chance to own a turnkey 4-unit in one of OC’s most desirable neighborhoods! MORE EXTERIOR PHOTOS COMING SOON!
Nearby schools
4/10
Whittier Elementary School
Public,•PK-6•0.7mi
4/10
Pomona Elementary School
Public,•PK-6•0.8mi
4/10
Everett A. Rea Elementary School
Public,•PK-6•0.8mi
6/10
Victoria Elementary School
Public,•PK-6•1.2mi
3/10
Wilson Elementary School
Public,•PK-6•1.2mi
/10
Woodland Elementary School
Public,•PK-2•1.5mi
8/10
Heinz Kaiser Elementary School
Public,•3-6•1.6mi
4/10
College Park Elementary School
Public,•PK-6•1.8mi
8/10
Newport Heights Elementary School
Public,•K-6•2.2mi
9/10
Newport Elementary School
Public,•PK-6•2.3mi
7/10
Adams Elementary School
Public,•PK-6•2.5mi
7/10
John J Pershing Elementary School
Public,•PK-5•1219.1mi
10/10
Hyer Elementary School
Public,•PK-4•1219.9mi
6/10
Preston Hollow Elementary School
Public,•PK-5•1219.9mi
7/10
Horace Ensign Intermediate School
Public,•7-8•1.6mi
4/10
Charles W. Tewinkle Middle School
Public,•7-8•3.4mi
5/10
Benjamin Franklin Middle School
Public,•6-8•1220.5mi
8/10
Highland Park Middle School
Public,•7-8•1220.6mi
8/10
Mcculloch Intermediate School
Public,•5-6•1220.6mi
7/10
Newport Harbor High School
Public,•9-12•1.4mi
5/10
Estancia High School
Public,•9-12•1.5mi
6/10
Costa Mesa High School
Public,•7-12•2.5mi
9/10
Highland Park High School
Public,•9-12•1219.6mi
4/10
Hillcrest High School
Public,•9-12•1220.5mi
Price History
Date
Event
Price
08/01/25
$1,735,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (10 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 3,488 | 2,155 | 91% |
| Lot Size | 6,098 | 6,534 | 18% |
| Price | $1.74M | $1.73M | 55% |
| Price per square foot | $497 | $990 | 9% |
| Built year | 1962 | 1950 | 82% |
| HOA | |||
| Days on market | 96 | 226 | 18% |
Condition Rating
Excellent
Despite being built in 1962, the property has undergone extensive and recent renovations, as highlighted in the description and confirmed by the images. The kitchens feature modern stainless steel appliances, white shaker-style cabinets, and updated countertops. Bathrooms are also updated with modern vanities, fixtures, and lighting. New flooring, fresh paint, a brand-new roof, and the addition of air conditioning throughout the units indicate a comprehensive overhaul, bringing the property's condition to a virtually new standard with minimal physical depreciation.
Pros & Cons
Pros
Multi-Unit Income Property: This well-maintained 4-plex offers diversified rental income streams, representing a rare and valuable investment opportunity in Orange County.
Extensive Recent Capital Improvements: Significant upgrades including a brand-new roof, fresh exterior paint, expanded patios, new countertops, flooring, and the addition of air conditioning reduce immediate capital expenditures for a new owner.
Prime Coastal Orange County Location: Strategically located just minutes from the beach, Triangle Square, shopping, and dining hotspots, ensuring strong tenant demand and potential for appreciation.
Desirable Unit Mix & Tenant Amenities: The property features a practical mix of two 2-bedroom/1-bath units with private patios and two 1-bedroom/1-bath units with balconies, complemented by four garage spaces, additional driveway parking, and income-generating on-site community laundry.
Turnkey Investment with Strong Occupancy: Described as a 'turnkey' property with 'excellent tenants and strong rental appeal,' suggesting stable cash flow and minimal initial management effort for an investor.
Cons
Age of Core Infrastructure: Built in 1962, the property's underlying plumbing, electrical, and other major systems, if not fully replaced during recent renovations, could present future maintenance challenges or require significant capital investment.
Limited In-Unit Laundry: The reliance on a community laundry facility, while income-generating, may be less appealing to some modern tenants who prefer the convenience of in-unit washers and dryers, potentially affecting rental rates or tenant pool.
Unspecified Scope of Interior Unit Upgrades: While 'new countertops, flooring, and AC' are mentioned, the extent of comprehensive interior renovations across all four units (e.g., kitchen appliances, bathroom fixtures, windows) is not fully detailed, leaving potential for varying unit conditions and future upgrade needs.