RLM Equities is pleased to exclusively present 1383 Baker Street, a well-maintained triplex located in the heart of Costa Mesa — one of Orange County's most supply-constrained and desirable coastal rental markets. Situated on a 6,500 SF lot just minutes from South Coast Plaza, Orange Coast College, and Pacific Coast Highway, this three-unit property represents a rare opportunity to acquire a stabilized income-producing asset in one of Southern California's most coveted submarkets. The property consists of two 2-bedroom/1-bath units and one spacious 2-bedroom/1.5-bath unit, totaling 2,785 rentable square feet across two stories. Currently operating at 100% occupancy with below-market rents, the asset presents meaningful upside potential as leases roll to market. Pro forma rents project a 4.22% cap rate with $1,305/month in uncaptured rental upside. The property features private garages, on-site parking, and mature landscaping providing strong curb appeal on one of Costa Mesa's most established streets.

Information

MLS ID: NP26079066

Price: $1,675,000

Days On Market: 5

Year Build: 1960

Details

Address: 1383 Baker

County: Orange

City: Costa Mesa

Zip: 92626

State: California

Taxes

Property Taxes: $17,549

Tax Amount: $17,549

Location

Listed By

Listing Agent

Ryan Anderson

randerson@rlmequities.com

R L M Equities

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Listing Agent: Ryan Anderson

Listing Office: R L M Equities

Attribution contact:

949-290-0199