120 Lisa Lane

Costa Mesa, CA 92627

About this property

120 Lisa Lane presents a rare opportunity to acquire a well-positioned triplex in highly desirable Eastside Costa Mesa, just minutes from Newport Bluffs. Offered for the first time in more than 13 years, the property features a highly attractive unit mix consisting of one 3BR/2BA unit and two 2BR/1BA units, appealing to a broad tenant base of families and professionals. Each unit offers desirable amenities, including washer/dryer hookups, private patios or balconies, while the four-car garage provides valuable off-street parking and additional tenant convenience. Situated at the end of a quiet cul-de-sac, the property offers an added level of privacy and a residential feel that further enhances its tenant appeal. With approximately 25% in rental upside, 120 Lisa Lane offers investors the opportunity to acquire a well-maintained asset with strong in-place fundamentals and meaningful value-add potential in one of Costa Mesa's most sought-after submarkets.

About this property

120 Lisa Lane presents a rare opportunity to acquire a well-positioned triplex in highly desirable Eastside Costa Mesa, just minutes from Newport Bluffs. Offered for the first time in more than 13 years, the property features a highly attractive unit mix consisting of one 3BR/2BA unit and two 2BR/1BA units, appealing to a broad tenant base of families and professionals. Each unit offers desirable amenities, including washer/dryer hookups, private patios or balconies, while the four-car garage provides valuable off-street parking and additional tenant convenience. Situated at the end of a quiet cul-de-sac, the property offers an added level of privacy and a residential feel that further enhances its tenant appeal. With approximately 25% in rental upside, 120 Lisa Lane offers investors the opportunity to acquire a well-maintained asset with strong in-place fundamentals and meaningful value-add potential in one of Costa Mesa's most sought-after submarkets.

Features and Additional Information

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$2,325,000 Active
3,148 sqft

Presented By Benjamin Leaskou

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Get in touch today! Phone: 1-760-799-4290
License #01754516
Brokerage
Morgan Skenderian
1-949-251-8800
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Area Information

C5 East Costa Mesa | Orange County | Other

$ 2,325,000
This listing is play_arrow 190.6% higher than the average in the area
$ 800,000 in the area
3,148 SqFt
This listing is play_arrow 56.1% larger than the average in the area
2,017 SqFt in the area
$ 739 $/SqFt
This listing is play_arrow 86.2% more than the average in the area
$ 397 $/SqFt in the area
29 days on site
This listing is play_arrow 42.0% below the average in the area
50 days on site in the area

Schools in the Area

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    Elementary School
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Listed By Rick Applebaum
Brokerage: Morgan Skenderian

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