$3,490,000
131 E 21st Street, Costa Mesa CA 92627
Multi-Family (5 Units)
Property type
2 days
On market
$942
Price per sqft
6 cars
Garage
1961
Year built
15,746 sqft
Lot size
Home highlights
Open Houses
Overview
Rare pride-of-ownership 5-unit investment opportunity located in highly desirable Eastside Costa Mesa. Offered for sale for the first time in approximately 27 years, this well-maintained asset occupies an expansive approximately 15,746 square foot lot and features a unique low-density cottage-style layout with lots of attractive features and benefits. Improvements include...
Listing provided by: Scott Gerard DRE #01004111 714-345-4223, Gerard Properties Inc.
Listing updated: Jun 5, 2026 at 08:58pm.
Last checked: Jun 5, 2026 at 09:30pm
Source: CRMLS #OC26116869
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $3,250 | $3,250 | $3,500 | Unfurnished |
| 1 | 1 | 1 | — | $2,350 | $2,350 | $2,450 | Unfurnished |
| 1 | 1 | 1 | — | $2,295 | $2,295 | $2,450 | Unfurnished |
| 1 | 2 | 1 | — | $2,950 | $2,950 | $3,200 | Unfurnished |
| 1 | 2 | 1 | — | $3,275 | $3,275 | $3,350 | Unfurnished |
# of Buildings: 3
# of Units Total: 5
Separate Electric Meters: 5
Separate Gas Meters: 5
Separate Water Meters: 1
Carpet: 5
Dishwasher: 5
Ranges: 5
Rent Control: Yes
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
20.2x
List Price / Annual Gross Rent
Cap Rate
4.09%
NOI / List Price
Gross Scheduled Income: $172,440
Operating Expense: $29,671
Net Operating Income: $142,769
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $2,418
Professional Management: $10,842
Trash: $0
Water / Sewer: $2,735
Interior
Interior Features: All Bedrooms Down
Room Type: Bedroom
Flooring: Carpet, Tile
Cooling: None
Heating: Wall Furnace
Appliances: Dishwasher, Gas Oven, Gas Range, Microwave
Laundry: Washer Hookup, Gas Dryer Hookup
Accessibility: Safe Emergency Egress From Home, Parking, Accessible Doors
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 1
Levels: One
Roof: Shingle
Common Walls: One Common Wall
Lot Features: Zero To One Unit Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Electric: Standard
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Garage and Parking
Parking: Door Single, Driveway, Garage, One Space
Garage Spaces: 6
Parking Total: 8
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 42618213
Additional Parcels: No
Tax Lot: 241
Subdivision: Eastside Central (ECCM)
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Biking, Park, Sidewalks
Nearby Schools
Nearby schools around the 131 E 21st Street, Costa Mesa, CA 92627. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,792,000
Total Interest
$3,561,042
Total Payment
$6,353,042
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$21,433
per month
Property History for 131 E 21st Street
Costa Mesa Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92627.
Similar Homes
Listings with similar prices to 131 E 21st Street