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Brad Hinman

131 Clearbrook Lane

$1,599,000  |  131 Clearbrook Lane, Costa Mesa, CA 92626

Rare opportunity to acquire a well-maintained, single-level triplex with chic curb appeal in the heart of Costa Mesa. First time on the market in over 43 years. These bungalow-style units consist of one 2-Bedroom unit and two 1-Bedroom units. Located at the end of a cul-de-sac on a tree-lined street, the property exudes character and charm. Each unit offers exposed wood beam ceilings, large living rooms, spacious master bedrooms and sizable private patios. The two-bedroom unit also enjoys a cozy fireplace, walk-in closet, dual vanities and laundry. There are three garage spaces that can be rented out separately to generate additional income, along with ample off-street parking at the rear of the property. Excellent long-time tenants are currently month-to-month and would like to renew their leases. Current rents are below market with upswing potential. Great opportunity for an investor to add value and increase GSI. Tenant demand is very strong due to the location and the uniqueness of the property. Stroll to OCC, Vanguard University, Orange County Fairgrounds, and Costa Mesa City Hall. Just minutes from local beaches, Triangle Square, 17th Street shops & restaurants, South Coast Plaza and UC Irvine. Easy Freeway access to the 405, 55, and 73. Drive by and see the potential. Please do not disturb tenants. The adjacent duplex located at 129 Clearbrook is also available for purchase.

  • For Sale
    Status
  • 4
    Bedrooms
  • 3
    Bathrooms
  • 1964
    Year Built
  • 2,528 Sq.Ft.
    Living Area

Features & Amenities

Area & Lot

  • Status: For Sale
  • Living Space: 2,528 Sq.Ft.
  • Total Area: 2,528 Sq.Ft.
  • Lot Size: 8,276 Sq.Ft.
  • Type: MULTI_FAMILY
  • Year Built: 1964

Interior

  • Total Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 3

Exterior & Building

  • Stories: 1
  • Garage Space: 3

Financial

  • Sales Price: $1,599,000

131 Clearbrook Lane

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Hinman Real Estate is distinguished from many agents by our depth of market knowledge and degree of personalized service. Our clients work with us, not an assistant. We take particular pride in our many long-term client relationships -- the result of tireless dedication to our clients’ goals and an unwavering commitment to exceeding their expectations. Our clients’ trust, reflected in repeat business and referrals to family and friends, is, to us, the true measure of our success.
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