$1,325,000
$1,275,000
3.9%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
1,750 SqFt
SOLD DATE : 06/10/2026
Key Details
Sold Price $1,325,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,750 sqft
Price per Sqft $757
MLS Listing ID 26828043
Sold Date 06/10/26
Bedrooms 4
Year Built 1962
Lot Size 6,970 Sqft
Acres 0.16
Property Sub-Type Multi-Family
Property Description
We are pleased to present 1019 American Place, a rare duplex investment opportunity located in the highly desirable Westside Costa Mesa submarket. The property consists of two spacious 2-bedroom, 1-bathroom units, offering an attractive layout for tenants and strong rental appeal in a supply-constrained coastal market. Situated in one of Orange County's most sought-after rental locations, the asset benefits from immediate proximity to Newport Beach, major employment hubs, and premier retail corridors, making it an ideal option for both investors and occupants alike. Constructed in 1962, the property features classic mid-century construction with a proven track record of rental durability. The asset presents a compelling opportunity for a new owner to implement a strategic renovation program to modernize interiors and enhance overall curb appeal, allowing for increased rental income and long-term appreciation. Costa Mesa continues to demonstrate strong rental fundamentals driven by its coastal accessibility, connectivity to major freeways, and diverse employment base. These factors have supported consistent tenant demand and position the asset for stable cash flow with future upside. Offered for the first time in over five decades, the property has been under the same ownership since 1970, underscoring the long-term stability and desirability of the location. Additionally, the Westside Costa Mesa submarket is characterized by low transaction velocity, with limited inventory and infrequent sales, creating a unique opportunity for investors to acquire a tightly held asset in a premier coastal market. For more information, please reach out.
Location
State CA
County Orange
Area Southwest Costa Mesa
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Equipment Range/Oven, Refrigerator, Garbage Disposal
Exterior
Parking Features Garage Is Attached
Garage Spaces 2.0
Building
Story 1
Level or Stories One
Others
Special Listing Condition Standard
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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with T.N.G. Real Estate Consultants
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