Sold for $2,125,000

Listed by: Torelli Realty • Kendra Fisher • Contact: 7146063376

Bought with: Coldwell Banker Realty

$2,125,000

1557 Coriander Dr, Costa Mesa, CA 92626

9beds

8baths

4,532sqft

Quadruplex

Built in 1965

-- sqft lot

$-- Zestimate^®

$469/sqft

$3,720 Estimated rent

Home value

Not available

Estimated sales range

Not available

$3,720/mo

Zestimate^® history

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$13,366/mo

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What's special

Small enclosed yardMaster suitesSpacious patioUncovered parking spacesPrivate master bathGreat layouts

A prime investment property in the heart of Mesa Verde’s Spice Streets! This 4,532-square-foot fourplex sits on a 7,841-square-foot lot and offers a strong rental history with long-term tenants. The unit mix includes a large 3-bed/2-bath front unit with a private master bath, a fireplace, a spacious patio, and a 2-car garage attached. Additionally, there are three 2-bed/2-bath units featuring master suites, great layouts, and 1-car garages. Other amenities include an on-site laundry facility, two uncovered parking spaces, and a small enclosed yard for unit b. This well-maintained property is ideally located near parks, shopping, dining, and major freeways, making it a fantastic opportunity for investors looking to maximize rental potential in one of Costa Mesa’s most desirable neighborhoods!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 9
Bathrooms: 8

Appliances

Laundry: Common Area

Features

Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 4,532
Total interior livable area: 4,532 sqft

Property

Parking

Total spaces: 7
Parking features: Door-Multi, Door-Single, Garage, Garage Faces Rear
Garage spaces: 5
Uncovered spaces: 2

Features

Levels: Two
Stories: 2
Entry location: 1,2
Pool features: None

Lot

Size: 7,841 Square Feet
Features: 0-1 Unit/Acre, Near Park, Sprinkler System

Details

Parcel number: 13949215
Special conditions: Trust

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex
Attached to another structure: Yes

Condition

New construction: No
Year built: 1965

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Sidewalks, Park
Subdivision: Mesa Verde Residential Income (Mvri)

Location

Region: Costa Mesa

Financial & listing details

Price per square foot: $469/sqft
Tax assessed value: $2,167,500
Date on market: 2/6/2025
Cumulative days on market: 2 days
Listing terms: Cash,Conventional

Price history

Date	Event	Price
3/27/2025	Sold	$2,125,000-0.4%$469/sqft
Source: CRMLS #PW25018716 Report a problem
3/13/2025	Pending sale	$2,134,000$471/sqft
Source: CRMLS #PW25018716 Report a problem
2/8/2025	Contingent	$2,134,000$471/sqft
Source: CRMLS #PW25018716 Report a problem
2/6/2025	Listed for sale	$2,134,000$471/sqft
Source: CRMLS #PW25018716 Report a problem
7/19/2017	Listing removed	$1,750
Source: Zillow Rental Network Report a problem
7/11/2017	Listed for rent	$1,750
Source: Zillow Rental Network Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	--	$2,167,500 +400.6%
2025	$22,845 +271.1%	$433,005 +2%
2024	$6,156 +3.3%	$424,515 +2%
2023	$5,957 +4.9%	$416,192 +2%
2022	$5,679 +4.8%	$408,032 +2%
2021	$5,419 +1%	$400,032 +1%
2020	$5,367	$395,931 +2%
2019	$5,367 +1.7%	$388,168 +2%
2018	$5,280 +3.5%	$380,557 +2%
2017	$5,102	$373,096 +2%
2016	$5,102 +2.1%	$365,781 +1.5%
2015	$4,998 +3.5%	$360,287 +2%
2014	$4,830	$353,230 +0.5%
2013	--	$351,634 +2%
2012	--	$344,740 +2%
2011	--	$337,981 +0.8%
2010	--	$335,456 -0.2%
2009	--	$336,254 +2%
2008	--	$329,661 +2%
2007	--	$323,198 +2%
2006	--	$316,861 +2%
2005	--	$310,649 +2%
2004	--	$304,558 +1.9%
2003	--	$298,977 +2%
2002	--	$293,115 +2%
2001	$3,240 +2.6%	$287,368 +2%
2000	$3,157	$281,734