3102 Ginger AVE, Costa Mesa, CA 92626
$2,170,000
Est. payment /mo
$2,275,000
4.6%
Est.Price: ?

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8,276 Sqft Lot
SOLD DATE : 09/11/2026

Key Details

Sold Price $2,170,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID OC26167308

Sold Date 09/11/26

HOA Y/N No

Year Built 1969

Lot Size 8,276 Sqft

Property Sub-Type Quadruplex

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.

Location

State CA

County Orange

Area C1 - Mesa Verde

Interior

Heating Central, Fireplace(s)

Cooling Central Air

Fireplaces Type Living Room

Fireplace Yes

Appliance Dishwasher

Laundry Common Area, Laundry Room

Exterior

Exterior Feature Rain Gutters

Parking Features Garage

Garage Spaces 5.0

Garage Description 5.0

Fence Brick, Wood

Pool None

Community Features Street Lights, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

View Neighborhood

Roof Type Shingle

Total Parking Spaces 5

Private Pool No

Building

Lot Description Front Yard, Sprinklers In Front, Landscaped

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 13956402

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Energy Description 1194.0

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Financing Cash

Special Listing Condition Standard

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Listed by Frank Shamoo Innovate Realty, Inc. 949-295-6491, DRE #01899250
Bought with Kellyann Phillips Compass Property Mgmt Corp

Nearby Locations

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Monica Franco

Monica Franco

+1(951) 538-6607

Agent License ID: 01743095

Agent License ID: 01743095

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