For sale

Listed by: The L3 • Colby Reedy • Contact: 949-445-5562

$2,150,000

2976 Royal Palm Dr, Costa Mesa, CA 92626

8beds

4baths

7,405sqft

$13,176/mo

Get pre-qualified

Quadruplex

Built in 1960

-- sqft lot

$-- Zestimate^®

$290/sqft

$-- HOA

What's special

2976 Royal Palm Drive, Costa Mesa, CA 92626 presents a compelling investment opportunity in one of the area’s most desirable rental markets. This fully occupied 4-plex generates income from day one, with all four units currently rented and strong tenant demand supporting long-term stability. The property features four spacious 2-bedroom, 1-bath units, each with desirable amenities that help attract and retain quality tenants. Located in the highly sought-after Mesa Verde area, it offers the kind of location advantage that typically supports consistent occupancy and future rent growth. Priced at $2,150,000, this asset is well-positioned for investors seeking reliable cash flow, potential appreciation, and a strong long-term hold in a proven Costa Mesa neighborhood. With immediate rental income already in place, this is the type of property that can deliver both current returns and future upside.

31 days

409

27

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4

Heating

Wall Furnace

Cooling

None

Appliances

Laundry: Inside, Stacked

Features

Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 7,405
Total interior livable area: 7,405 sqft

Property

Parking

Total spaces: 8
Parking features: Garage
Garage spaces: 4
Uncovered spaces: 4

Features

Levels: Two
Stories: 2
Entry location: 4
Pool features: None
Spa features: None

Lot

Size: 7,405 Square Feet
Features: Near Park, Near Public Transit

Details

Parcel number: 13920309
Special conditions: Standard

Construction

Type & style

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

Condition

New construction: No
Year built: 1960

Utilities & green energy

Electric: Standard
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Community & HOA

Community

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

Location

Region: Costa Mesa

Financial & listing details

Price per square foot: $290/sqft
Tax assessed value: $2,019,600
Annual tax amount: $24,576
Date on market: 7/15/2026
Cumulative days on market: 31 days
Listing terms: Cash,Conventional,1031 Exchange
Total actual rent: 9303
Tenant pays: All Utilities, Electricity, Gas

Estimated market value

Not available

Estimated sales range

Not available

$4,168/mo

Price history

Date	Event	Price
7/16/2026	Listed for sale	$2,150,000+8.9%$290/sqft
Source: CRMLS #OC26152871 Report a problem
11/7/2025	Sold	$1,975,000-1%$267/sqft
Source: CRMLS #PW25237040 Report a problem
10/31/2025	Contingent	$1,995,000$269/sqft
Source: CRMLS #PW25237040 Report a problem
10/14/2025	Listed for sale	$1,995,000-2.7%$269/sqft
Source: CRMLS #PW25237040 Report a problem
9/24/2025	Listing removed	$2,050,000-2.3%$277/sqft
Source: SDMLS #PW25065712 Report a problem
6/23/2025	Listed for sale	$2,098,000+6%$283/sqft
Source: SDMLS #PW25065712 Report a problem
5/20/2024	Sold	$1,980,000-0.8%$267/sqft
Source: CRMLS #OC24068670 Report a problem
5/3/2024	Pending sale	$1,995,000$269/sqft
Source: CRMLS #OC24068670 Report a problem
4/25/2024	Price change	$1,995,000-2.9%$269/sqft
Source: CRMLS #OC24068670 Report a problem
4/7/2024	Listed for sale	$2,055,000$278/sqft
Source: CRMLS #OC24068670 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$24,576 +462.1%	$2,019,600 +1679.7%
2024	$4,372 +8%	$113,480 +2%
2023	$4,049 +10.1%	$111,255 +2%
2022	$3,677 +9.3%	$109,074 +2%
2021	$3,365 +2.7%	$106,936 +1%
2020	$3,276	$105,840 +2%
2019	$3,276 +2.7%	$103,765 +2%
2018	$3,189 +3.3%	$101,731 +2%
2017	$3,088	$99,737 +2%
2016	$3,088 +1.3%	$97,782 +1.5%
2015	$3,049 +2.6%	$96,314 +2%
2014	$2,973	$94,428 +0.5%
2013	--	$94,002 +2%
2012	--	$92,159 +2%
2011	--	$90,352 +0.8%
2010	--	$89,677 -0.2%
2009	--	$89,891 +2%
2008	--	$88,129 +2%
2007	--	$86,401 +2%
2006	--	$84,707 +2%
2005	--	$83,047 +2%
2004	--	$81,419 +1.9%
2003	--	$79,927 +2%
2002	--	$78,360 +2%
2001	$1,836 +3.9%	$76,824 +2%
2000	$1,766	$75,318