3102 Ginger Avenue, Costa Mesa, CA 92626
- $2,275,000
- List Price
- $2,275,000
- Status
- ACTIVE
- MLS#
- OC26167308
- Year Built
- 1969
- Lot Size
- 8,276
- Acres
- 0.19
- Lot Location
- Front Yard, Sprinklers In Front, Landscaped
- Days on Market
- 4
- Property Type
- Multifamily
- Style
- Traditional
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
- Neighborhood
- Other
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 features a spacious front lawn and landscaped grounds, reinforcing the property’s residential character. Located approximately **five miles from the coast**, with convenient access to South Coast Plaza, Orange Coast College, OC Fairgrounds, Triangle Square, major employment centers, shopping, dining, and entertainment.**A true value-add opportunity in one of Orange County’s premier rental markets—3102 Ginger Street offers the rare combination of four spacious residences, exceptional parking, below-market rents, and multiple avenues for future income and value growth.
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Additional Information
- Appliances
- Dishwasher
- Pool Description
- None
- Fireplace Description
- Living Room
- Heat
- Central, Fireplace(s)
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- Neighborhood
- Exterior Construction
- Stucco
- Roof
- Shingle
- Garage Spaces Total
- 5
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $131,850
- Operating Expense
- 20695
Listing courtesy of Listing Agent: Frank Shamoo (Homes@ShamooTeam.com) from Listing Office: Innovate Realty, Inc..
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.