$1,975,000
-$125,000998 Mission, Costa Mesa CA 92626
Multi-Family (Fourplex)
Property type
54 days
On market
$483
Price per sqft
5 cars
Garage
1964
Year built
6,970 sqft
Lot size
Home highlights
Open Houses
Overview
Prime multi-family opportunity in the heart of Mesa Verde! This 1964-built property sits on a 6,970 sq ft lot with approximately 4,065 square feet of building area, zoned R3 for multiple units. Located on a quiet street in one of Costa Mesa’s most desirable neighborhoods, you’re just minutes from the Mesa Verde Country Club, Fairview Park, and easy access to the 405. Strong...
Listing provided by: John Kelly DRE #01232969 949-233-5574, Seven Gables Real Estate
Listing updated: May 25, 2026 at 10:17pm.
Last checked: Jun 5, 2026 at 06:30am
Source: CRMLS #OC26069459
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 3 | 3 | — | $1,923 | $1,923 | $2,076 | Unfurnished |
| 1 | 2 | 2 | — | $1,428 | $1,428 | $1,542 | Unfurnished |
| 1 | 1 | 1 | — | $1,263 | $1,263 | $1,364 | Unfurnished |
| 1 | 1 | 1 | — | $989 | $989 | $1,068 | Unfurnished |
# of Buildings: 1
# of Units Total: 4
Separate Electric Meters: 4
Separate Gas Meters: 4
Separate Water Meters: 1
Rent Control: Yes
Units Leased: 4
Total Actual Rent: $5,603
Tenant Pays: Cable Tv, Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
29.4x
List Price / Annual Gross Rent
Cap Rate
1.84%
NOI / List Price
Gross Scheduled Income: $67,236
Operating Expense: $286,676
Net Operating Income: $38,560
Annual Operating Expenses
Gardener: $1,440
Insurance: $3,800
New Taxes: $22,001
Trash: $360
Water / Sewer: $1,075
Interior
Room Type: Laundry
Cooling: None
Heating: Forced Air
Fireplace: None
Laundry: Laundry Room
Entry Location: 1 And 2
Exterior
Architectural Style: Traditional
Property Attached: Yes
Stories Total: 2
Levels: Two
Roof: Composition
Foundation: Slab
Construction Materials: Stucco
Common Walls: One Common Wall
Direction Faces: South
Security Features: Carbon Monoxide Detectors, Smoke Detectors
Lot Features: Level, Rectangular Lot
Pool: None
Spa: None
Fencing: Wood
Water Source: Public
Sewer: Public Sewer
Electric: Standard
Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
View: None
Road Frontage Type: City Street
Road Surface Type: Paved
Garage and Parking
Parking: Door Single, Driveway, Garage, Paved, Garage Faces Rear
Garage Spaces: 5
Uncovered Spaces: 6
Parking Total: 11
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 14166211
Additional Parcels: No
Tax Lot: 1
Subdivision: Mesa Del Mar (MDMA)
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Curbs, Suburban, Sidewalks
Nearby Schools
Nearby schools around the 998 Mission, Costa Mesa, CA 92626. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,580,000
Total Interest
$2,015,203
Total Payment
$3,595,203
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$12,194
per month
Property History for 998 Mission
Costa Mesa Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92626.
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