988 El Camino

About This Property

Offered at $3,00,000, this 6-unit multifamily property in Costa Mesa provides a strong turn-key opportunity in a supply-constrained market. Originally constructed in 1964 as a 4-plex, the building was expanded in the past year with the addition of two brand-new ADUs completed in 2026. The property now totals 5,267 SF and has been extensively renovated with over $945,000 in recent improvements, including modern unit interiors and durable finishes. The unit mix includes studio, one-, two-, and three-bedroom layouts, designed to capture a wide range of tenant demand. With current rents already strong and additional upside available, investors can benefit from both immediate income and long-term appreciation. Located near South Coast Plaza, The Camp, and major transportation corridors, the property combines stable tenant demand with proven rental performance, making for a strategic investment in a highly sought-after Orange County submarket.

Unit Mix

• 1 unit · 4bd / 3ba
• 1 unit · 2bd / 2ba
• 1 unit · 2bd / 1ba
• 1 unit · 0bd / 1ba
• 1 unit · 3bd / 2ba
• 1 unit · 1bd / 1ba

Neighborhood

This property is located in Costa Mesa. Want to learn more about the area?