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Costa Mesa Landlords - Multifamily Real Estate Market Update

Included below is your market update for Costa Mesa multifamily real estate including, duplexes, triplexes, 4plexes and 5+ multifamily in 92627 and multifamily in 92626. You will find all active, in escrow and closed sales from the past 3 months. If you would like more information on any of these Costa Mesa Multifamily real estate listings, just click the "Request More Information" button when viewing the details of that property. We can provide you with disclosures, past sales history, dates and prices of buildings recently sold nearby, and more.

And, if you haven't already, be sure to register for a free account so that you will be the first to receive the Costa Mesa Multifamily Market Update from Christian Walsh and WIRE Associates. Also, be sure to subscribe to our weekly Orange County Market Update email newsletter.

We've also included a link to view important blog posts for Costa Mesa, CA landlords.

Important Information for Landlords in Costa Mesa

Can't Pay Rent for May???
Can't Pay Rent for May? Here is a guide for tenants and landlords when some or all of the rent for May can't be paid due to COVID-19. There have been some big changes (and some things remain the same) since our last video update a month ago. Watch now if you can't pay for May...
Can't Pay Rent for June 2020 Due to Pandemic? - Guide for Tenants and Landlords
Can't Pay Rent for June 2020 Due to Pandemic? - Guide for Tenants and Landlords There are still plenty of people who won't be able to pay some or all of the rent in June due job loss or income reduction because of the COVID-19 pandemic. Is there an eviction moratorium in California? Can there be an eviction in California during the pandemic? Here is a guide for tenants and landlords on how to handle a rent shortage for the month of June, when the tenant says, “I can’t pay rent.” Request rent forbearance
Tenants not paying rent and California Rent Control Bill (AB1482) - breaking the law??
Landlords and tenants working together in California to come up with a mutually beneficial solution to help a tenant get back on financial footing may unintentionally end up breaking the law! If the tenant can't pay rent, this important update explains how the statewide rent cap provision in California rent control bill AB1482 could lead to issues down the road, plus we explain the "bonus" issue (as if we needed that) in using the Consumer Price Index as a metric. Tune in for solutions!
How's the Newport Beach Vacation Rental Market?
Which way to the beach? Now that the nice SoCal summer weather is starting, I bet you're wondering how the Newport Beach vacation rental market is doing during COVID-19. We put on our beach best to deliver this surprising market update.
10 Tips to Leasing during COVID 19!
Landlords, here are 10 Tips for leasing during COVID-19 season! If you have a current vacancy or one coming soon for your home, condo or apartment, here's what you need to know to get it leased during these crazy days! It's very different from ever before...
1031 Exchange deadlines just changed. What you need to know!!!! ??
Know anyone in a 1031 Exchange or getting ready to go into one? Here is everything you need to know about the recent extension for 1031 Exchange deadlines. Stick around to the end to learn another important opportunity that investors use to defer taxes on capital gains.
Big Eviction Update for California Tenants and Landlords
All California landlords and tenants need to know more about this big eviction update...watch now to see how the eviction process is changing for the foreseeable future. Here's a link to all 11 emergency temporary rules put into place by the California Judicial Council, we specifically discuss rules #1 and #2: https://jcc.legistar.com/View.ashx?M=...
Rent Forbearance Form for Landlords and Tenants ??
If you've been watching our videos, we told you that we'd create this important document and we did! Here is a sample Rent Forbearance Form for Landlords and Tenants. It's vital that both parties document in writing the rent forbearance plan during these crazy times. We give you a quick rundown on how to use the form. You can use the link below to download a fully customizable version. To request a copy of the form that is fillable click this link http://eepurl.com/gYs9pr
How to avoid AB 1482, California Rent Control Bill!
Attention landlords, want to avoid the California Rent Control Bill (AB1482) for rental properties? In this video, we share 3 ways to avoid the legislation! Bonus: become a newsletter subscriber and you'll exclusively learn 2 additional ways to avoid it....subscribe to our newsletter now! https://mailchi.mp/2a9389c58bcc/ab1482
California Rent Control Bill AB 1482 - What Every Tenant Needs to Know - "Rent Cap" Law
Everything tenants need to know about California Rent Control Bill AB 1482! Learn how the Tenant Protection Act of 2019 protects you, including how to tell if a property is exempt, how much rent can be increased and relocation fees. This statewide law is in effect from 1/1/2020 and runs for the next 10 years...
Updates to California Evictions during the Pandemic - June 2020
It's time for another update on the eviction process for California during COVID-19. Newsom’s executive orders related to California evictions and, ultimately, Orange County evictions were set to expire on 5/31/2020. There’s also the California Judicial Council’s moratorium on the eviction process for California. Are these still in place? Can you file an unlawful detainer in Orange County? We give answers to the current status of California evictions. Research local eviction regulations: https://www.no
Zillow Rental Manager is no longer free for landlords
Landlords often ask us, “what does Zillow Rental Manager cost to post a vacant house or rental?” Zillow Rental Manager is one of the top tools for rental ads posting for landlords and rental listings by owner. It was free up until the recent big announcement: Zillow Rental Manager will now have a weekly fee. So whether you're looking for a Zillow Rental Manager review or Zillow Rental Manager tutorial, it’s important to first watch this update for 3 top tips for landlords now that Zillow is no longer th
Dramatic upcoming legislation for California landlords and tenants
All California landlords and tenants need to know about this upcoming legislation, including Assembly Bill 3260 (AB 3260) related to nonpayment of rent during the COVID-19 pandemic. Do you have tenants who can’t pay rent due to the pandemic? This bill will prevent evictions of tenants who can’t pay due to coronavurus and will also limit being able to go after the residents for nonpayment of rent. Additionally we touch on the important, upcoming deadlines for Assembly Bill 1482 (AB 1482). If California lan
Financial Help for Landlords and Tenants - Apply for this!
Landlords, looking for grants for rental property owners? Renters, looking for rent relief for tenants? Most landlords and tenants don’t realize that they can apply for the Paycheck Protection Program (PPP) loan from the SBA and receive free money for landlords and free money for tenants. It’s PPP for real estate. We've talked to many people who don’t realize that a landlord can apply for the PPP loan and many tenants who don’t know that being a freelancer or gig worker may allow free money for renters that
Can't Pay Rent Due to Coronavirus? Guide for Tenants and Landlords - July 2020
What if tenants won't be able to pay some or all of the rent in July due job loss or income reduction from the COVID-19 pandemic? What can a landlord do for renters who can’t pay rent due to coronavirus? What can a renter do if they can’t pay rent to coronavirus? Is there an eviction moratorium in California? Can there be an eviction in California during the coronavirus pandemic? Here is a guide for tenants and landlords on how to handle a rent delay for the month of July, when the tenant says, “I can’t pay
Home Improvement and Return on Investment (ROI)
Looking for the best return on investment for home remodeling? We cover the top 3 home improvements that increase value, but are these the best home improvements to increase value for you? Asking which home improvement return on investment might be the wrong question depending on your needs and if you’re selling real estate or buying real estate. Are you allowed to dream big on remodeling projects? You might ask: Should I put in a pool? Should I put in a home theater or home gym? Should I do an expensive
Is the Luxury Real Estate Market Crashing for your OC Mansion
Is the luxury market crashing in Orange County? In our last video, the Orange County real estate market update with the latest Orange County housing prices and statistics for June 2020, we established that June was a great month for Orange County housing. But does this mean that all price ranges - including OC mansions and luxury condos in Orange County - are experiencing the same increase? What is the latest Orange County luxury real estate news for your California mansion? Are luxury homes selling as fast
Can't Pay Rent Due to Coronavirus? Guide for Tenants and Landlords - July 2020
Can my landlord make me move during coronavirus? Guide for tenants and landlords
This guide for tenants and landlords in California gives another update on the eviction process for California during COVID-19 and explains when a landlord can ask a tenant to move. Newsom’s executive order related to California eviction laws and Orange County evictions has been extended and there’s also the California Judicial Council’s moratorium on the California eviction process. Are these still in place? Can you file an unlawful detainer in Orange County? We give answers to the current status of Califo
The latest multifamily activity in Costa Mesa July 10, 2020
35
Listed
50
Avg. DOM
N/A
Avg. $ / Sq.Ft.
$1,650,000
Med. List Price
35 Properties
Page 1 of 3
0.16
Acres
1964
Year Built
1
Days on Site
PW20124094
MLS
The El Camino Apartment Homes is a Two Story Garden Style Apartment
located in desirable Costa Mesa, CA. With a mix of all Three Bedroom, Two
Bath units, this asset should appeal to both...
Sold
175 E 21st Street Costa Mesa, CA 92627
$3,500,000
Subdivision: Other (Othr)
0.43
Acres
1976
Year Built
7/9/20
Sold On
NP20066841
MLS
Ideally situated in highly desirable Eastside Costa Mesa, The Pines Apartments offer six (6) turnkey and remodeled 3 bed, 2 bath units with fireplace, direct access garage and individual laundry...
$765,000
Subdivision: Other (Othr)
0.04
Acres
1981
Year Built
3
Days on Site
OC20077336
MLS
Experience a Sophisticated Coastal Living in the prestigious gated community of The Village of Admiral Way, one of the Most Desirable Neighborhoods in East Costa Mesa! This secluded East Side home is...
$1,495,000
Subdivision: Costa Mesa Residential Income (Cmri)
0.2
Acres
1977
Year Built
3
Days on Site
PW20134159
MLS
Recently renovated, remodeled kitchen, bathrooms, floors, impeccably maintained triplex , Unit # 1 is one story 3 bedroom 2 baths 1192 sq ft. with fire place Units #2 and 3 are 2 bedrooms 2...
Pending
549 Bernard Street Costa Mesa, CA 92627
$1,400,000
Subdivision: Other (Othr)
0.29
Acres
1946
Year Built
4
Days on Site
OC20132864
MLS
https://www.asteroommls.com/pviewer?token=qBjYCLEkd0OFZGumOfc9LQ This huge lot offers endless possibilities. Currently there are two houses on the lot. (there were 3 houses on the lot but one was...
0.36
Acres
1968
Year Built
5
Days on Site
OC20131530
MLS
Circle Court is a rare 10-unit multifamily investment opportunity located in Eastside Costa Mesa, one of the premier coastal housing markets in Southern California. Situated on a 0.36-acre lot,...
1.93
Acres
1962
Year Built
5
Days on Site
OC20131651
MLS
Sundance West Apartment Homes is a rare 40+1 unit multifamily investment opportunity located in Costa Mesa, one of the premier coastal housing markets in Southern California. Situated on a combined 1....
$1,659,000
Subdivision: Costa Mesa Residential Income (Cmri)
0.15
Acres
1964
Year Built
7
Days on Site
PW20101443
MLS
One-of-a-kind French Tudor-style fourplex located in desirable Costa Mesa neighborhood has four 3BR/2BA units approximately 1200 sqft each with long term responsible tenants. Two units were...
$1,650,000
Subdivision: Other (Othr)
0.16
Acres
1960
Year Built
9
Days on Site
PW20128989
MLS
Great location within the highly desirable Mesa Verde area. This 4-plex has just had the exterior completely repainted and several units have had some upgrading. Two spacious floorplan layouts, each...
$1,650,000
Subdivision: Mesa Verde Residential Income (Mvri)
0.14
Acres
1960
Year Built
9
Days on Site
PW20129064
MLS
Great location within the highly desirable Mesa Verde area. This 4-plex has just had the exterior completely repainted and several units have had some upgrading. Two spacious floorplan layouts, each...
$929,000
Subdivision: Other (Othr)
2018
Year Built
9
Days on Site
NP20129152
MLS
Welcome home to the exclusive 17 West development located in the heart of Costa Mesa. This property provides the ultimate in LIVE/WORK environment. Enter into the first floor office space with guest...
$1,650,000
Subdivision: Eastside Central (Eccm)
0.15
Acres
1955
Year Built
10
Days on Site
NP20127747
MLS
Located on a prime parcel in the heart of Eastside Costa Mesa, this bungalow styled duplex exudes California coastal living while presenting an amazing opportunity to capture income. Both units have...

Costa Mesa Rental Survey

Included below is your market update for Costa Mesa rental rates. This list includes Costa Mesa rentals that have leased in the past 3 months. Of course, for the most accurate rental rate for the units you own, please reach out to the team at WIRE Associates.

Costa Mesa Rental Market Survey July 10, 2020
47
Listed
29
Avg. DOM
$2.32
Avg. $ / Sq.Ft.
$3,300
Med. List Price
47 Properties
Page 1 of 4
Sold
1581 Orange Avenue #C Costa Mesa, CA 92627
$4,650 / month
Subdivision: Other (Othr)
3
Beds
2F11/2
Baths
2,000
Sq.Ft.
1997
Year Built
7/10/20
Sold On
OC20081672
MLS
*Available: July 15, 2020* Beautifully upgraded DETACHED single family home in Eastside Costa Mesa / Newport Heights. 3 large bedrooms plus a huge loft upstairs (can be used as a 4th bedroom). The...
Sold
2155 Canyon Drive #A Costa Mesa, CA 92627
$1,990 / month
Subdivision: Other (Othr)
1
Beds
1
Baths
900
Sq.Ft.
1973
Year Built
7/10/20
Sold On
OC20128891
MLS
Modern Corner unit, 1 Bedroom 1 Bath with Den/Office Area for Rent in Costa Mesa off of Canyon and Victoria. The entire unit has been completely remodeled. The entire unit has new high-end luxury...
Sold
2445 Marseilles Way Costa Mesa, CA 92627
3
Beds
3
Baths
1,643
Sq.Ft.
1965
Year Built
7/9/20
Sold On
NP20117997
MLS
This 3 bedroom, 3 bath townhome is an absolute must see! Located in the Eastside Costa Mesa neighborhood of Newport Riviera, this home features amazing high ceilings and tall windows which accentuate...
Sold
537 Bernard Street #B Costa Mesa, CA 92627
$3,100 / month
Subdivision: Other (Othr)
2
Beds
1
Baths
850
Sq.Ft.
1959
Year Built
7/9/20
Sold On
OC20127313
MLS
1.7 Ocean boast a quaint yet sleek ultra modern design, a modernist enclave of 12 bungalows located just 1.7 miles from shoreline. This end of street unit is hidden behind a private gate, a garden of...
Sold
3018 Fillmore Way #123 Costa Mesa, CA 92626
$2,500 / month
Subdivision: Costa Mesa Residential Income (Cmri)
2
Beds
1F11/2
Baths
1,100
Sq.Ft.
1963
Year Built
7/8/20
Sold On
PW20133634
MLS
REMODELED RENTAL UNIT!! Townhome style 2 bedrooms. 1.5 baths. 2 stories. Located in South Coast Metro Area. Very close to John Wayne Airport, South Coast Plaza, Orange Coast College and OC...
Sold
345 University Drive #K4 Costa Mesa, CA 92627
$3,400 / month
Subdivision: Woodstream Condos (Enws)
3
Beds
2F11/2
Baths
1,348
Sq.Ft.
1974
Year Built
7/7/20
Sold On
OC20119145
MLS
Beautifully remodeled 3 bedroom / 2.5 bathroom condo (PLUS LOFT) in the highly desired community of EASTSIDE COSTA MESA. This is one of the best units in the entire Woodstream condo community. It is...
Sold
1644 Pomona Avenue Costa Mesa, CA 92627
$4,500 / month
Subdivision: West Costa Mesa Industrial (Wicm)
2
Beds
2F21/2
Baths
2,055
Sq.Ft.
2019
Year Built
7/5/20
Sold On
WS20098872
MLS
Beautiful Detached Home at The Place! Great sunset view! Located only about 1 mile from Newport Beach. This detached townhome has 2 bedrooms, 2 full bath, 2 half bath one at first floor office and...
Sold
281 Mesa Drive Costa Mesa, CA 92627
$4,100 / month
Subdivision: Eastside North (Encm)
4
Beds
3
Baths
2,108
Sq.Ft.
1999
Year Built
7/2/20
Sold On
WS20057878
MLS
Very charming 4 bedroom, 3 bathroom + loft home in a quiet cul-de-sac in beautiful Eastside Costa Mesa. This lovely detached home features travertine floor throughout the first level, plantation...
Sold
217 E 20th Costa Mesa, CA 92627
$2,800 / month
Subdivision: Other (Othr)
2
Beds
2
Baths
1,100
Sq.Ft.
1975
Year Built
7/2/20
Sold On
NP20123894
MLS
East Side Costa Mesa 2 Bed 2 Bath on 12 Month Unfurnished Lease. There is a third bedroom that is best as an office. This property offers a great location with a short drive to local 17th street...
Sold
215 Albert Place Costa Mesa, CA 92627
$5,750 / month
Subdivision: Eastside Central (Eccm)
4
Beds
3F11/2
Baths
2,781
Sq.Ft.
1962
Year Built
7/1/20
Sold On
PW20091122
MLS
Completely remodeled and expanded Single-Level contemporary ranch style home in Eastside Costa Mesa. Just blocks from Newport Beach and the Upper Newport Bay Nature Reserve. This inviting home...
Sold
1298 Watson Avenue Costa Mesa, CA 92626
$3,500 / month
Subdivision: Halecrest (Hale)
3
Beds
2
Baths
1,276
Sq.Ft.
1955
Year Built
7/1/20
Sold On
OC20093222
MLS
Stunning, turn-key property now available for Lease in the Halecrest community. This 3 bedroom, 2 bath, single story property has been completely remodeled from the ground up. Spacious yard with a...
Sold
3298 California Street Costa Mesa, CA 92626
$3,800 / month
Subdivision: State Streets II (Mst2)
3
Beds
1F13/4
Baths
1,714
Sq.Ft.
1961
Year Built
7/1/20
Sold On
OC20104953
MLS
This is the single level turn key "State Street" home you've been waiting for located in the Mesa Verde community! The first thing you'll notice is the meticulously kept landscaping that makes this...