$2,150,000
1635 Coriander DriveCosta Mesa, CA 92626
2976 Royal Palm, Costa Mesa, CA 92626
- 7,405 sq ft
- Built 1960
$2,150,000
Subdivision Mesa Verde Residential Income
The home
About 2976 Royal Palm
2976 Royal Palm Drive, Costa Mesa, CA 92626 presents a compelling investment opportunity in one of the area’s most desirable rental markets. This fully occupied 4-plex generates income from day one, with all four units currently rented and strong tenant demand supporting long-term stability.
The property features four spacious 2-bedroom, 1-bath units, each with desirable amenities that help attract and retain quality tenants. Located in the highly sought-after Mesa Verde area, it offers the kind of location advantage that typically supports consistent occupancy and future rent growth.
Priced at $2,150,000, this asset is well-positioned for investors seeking reliable cash flow, potential appreciation, and a strong long-term hold in a proven Costa Mesa neighborhood. With immediate rental income already in place, this is the type of property that can deliver both current returns and future upside.
Property details for 2976 Royal Palm
This fourplex sits in the Mesa Verde Residential Income neighborhood of Costa Mesa in Orange County. It offers 7,405 square feet of living space and is listed at $2,150,000, about $290 per square foot. The home was built in 1960. The MLS record lists the assessor parcel number as 139-203-09. Highlights include a four-car garage. The detail sections on this page cover interior and exterior features, estimated taxes, HOA dues where they apply, and the map location.
Specifications
Home Details
At a glance
- Price
- $2,150,000
- Days On Site
- 80 Days
- Bedrooms
- N/A
- Inside Area (SqFt)
- 7,405 sqft
- Total Baths
- N/A
- Full Baths
- N/A
- Partial Baths
- N/A
- Lot Size
- N/A
- Year Built
- 1960
- MLS® Number
- OC26152871
- Status
- Active
- Property Tax
- N/A
- HOA/Condo/Coop Fees
- N/A
- Sq Ft Source
- N/A
General Features
- Property Type
- Quadruplex
- MLS Number
- OC26152871
- Year Built
- 1960
- Lot Size (sq ft)
- 7,405
- Lot Size (acres)
- 0.17
- Levels
- Two
- Garage Spaces
- 4
- Parking Spaces
- 8
- Parcel Number
- 13920309
- On Market Date
- 2026-07-15
- Listing Terms
- Standard
Interior Features
- Heating
- Wall Furnace
- Cooling
- None
- Fireplace
- None
- Laundry
- Inside, Stacked
- Entry Level
- 1
- Common Walls
- Two Common Walls Or More
Exterior Features
- Lot Features
- Near Park, Near Public Transit
- Parking
- Garage
- Pool Features
- None
- Spa
- None
- Sewer
- Public Sewer
- Water
- Public
- Utilities
- Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Units
- 4
Community Features
- Subdivision
- Mesa Verde Residential Income (MVRI)
- Community Features
- Street Lights, Sidewalks, Park
The record
Property History for 2976 Royal Palm
| Date | Event | Price | Note |
|---|---|---|---|
| Jul 15, 2026 | Listed for sale | $2,150,000 | |
| Nov 7, 2025 | Sold | $1,975,000 | Advance Realty |
Cost of ownership
Estimated monthly payment
7.03% · 30-yr fixed$
$16,496/mo
10% down · 30-year fixed · $215,000 down
Principal & interest$12,913
Mortgage insurance (est., over 80% LTV)$806
Property tax (est. 1.2%)$2,150
Home insurance (rough est., varies widely)$627
HOANot reported, not included
$14,255/mo
20% down · 30-year fixed · $430,000 down
Principal & interest$11,478
Property tax (est. 1.2%)$2,150
Home insurance (rough est., varies widely)$627
HOANot reported, not included
$12,820/mo
30% down · 30-year fixed · $645,000 down
Principal & interest$10,043
Property tax (est. 1.2%)$2,150
Home insurance (rough est., varies widely)$627
HOANot reported, not included
Estimated carrying cost
$2,777/mo
All cash · taxes and insurance only
Principal & interestNone (cash purchase)
Property tax (est. 1.2%)$2,150
Home insurance (rough est., varies widely)$627
HOANot reported, not included
Estimate only, not a loan offer or quote. Principal and interest use the Freddie Mac 30-year fixed average of 7.03% (week of Sep 24, 2026); your rate will differ. A loan this size is typically a jumbo loan, which prices differently. Tax and insurance are modelled, not billed amounts; tax uses a typical Costa Mesa rate, excluding Mello-Roos. Verify all figures. Full assumptions and disclosures.
Next steps
Buying 2976 Royal Palm
Want to see 2976 Royal Palm in person? We have guided buyers through Mesa Verde Residential Income and the wider Costa Mesa market since 1983. Call to arrange a private tour, or send a note and we'll follow up.
Selling near 2976 Royal Palm
Thinking of selling nearby? We bring current Mesa Verde Residential Income sales data and a clear pricing strategy to every listing, backed by more than 700 closed sales and over $1B in Orange County volume. Start with a free home valuation, or reach out to talk through your options.
The neighborhood
About Costa Mesa
Costa Mesa sits on the coastal tableland of central Orange County, bordered by Santa Ana, Huntington Beach, and Newport Beach, with its southern edge about a mile from the Pacific. South Coast Plaza, the Segerstrom Center for the Arts, the Orange County Fairgrounds, Orange Coast College, and the Eastside and Mesa Verde neighborhoods all fall within the Newport-Mesa Unified School District.
Location
Location
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Listed by Colby Reedy of The L3
Listing information updated Jul 16, 2026 at 6:25 AM PT. Source: CRMLS.
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. The 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, the 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.