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Listed by Frank Shamoo, DRE #01899250 • Innovate Realty, Inc.
$ 2,275,000
Est. payment /mo
New
3102 Ginger AVE Costa Mesa, CA 92626
8,276 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26167308
Style Traditional
Year Built 1969
Lot Size 8,276 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
3102 Ginger Street | Rare Mesa Verde Fourplex | Significant Rental & NOI Upside** Rarely available Mesa Verde fourplex with significant upside potential!** Ideally located in one of Costa Mesa's most desirable neighborhoods, 3102 Ginger Street offers an exceptional combination of **below-market rents, an attractive unit mix, substantial parking, strong tenant appeal, and long-term value-add potential.**The property features **one spacious 3-bedroom residence and three 2-bedroom residences**, with larger-than-typical floor plans designed for comfortable residential living. **Seven on-site parking spaces** include a 2-car garage for the 3-bedroom unit and a 1-car garage for each 2-bedroom unit-an exceptional amenity in Costa Mesa. Three units are single-level, with two located upstairs, creating a desirable residential setting uncommon among four-unit properties. **The investment opportunity is compelling:** current rents are below market, providing a clear path for future rent increases, **NOI growth, and improved cash flow** as units naturally turn over. An investor can further enhance value through strategic rent adjustments and targeted property improvements while benefiting from the property's highly desirable location and long-term appreciation potential. The generous lot fe
Location
State CA
County Orange
Area C1 - Mesa Verde
Rooms
Kitchen Dishwasher
Interior
Heating Central Forced Air, Fireplace
Cooling Central AC
Laundry In Laundry Room, Washer/Dryer - Owned, Community Facility
Exterior
Parking Features Garage
Garage Spaces 5.0
Pool 31, None
View Local/Neighborhood
Roof Type Shingle
Building
Foundation Concrete Slab
Water District - Public
Architectural Style Traditional
Others
Tax ID 13956402
Special Listing Condition Not Applicable
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