$2,150,000
2976 Royal PalmCosta Mesa, CA 92626Mesa Verde Residential Income
1635 Coriander Drive, Costa Mesa, CA 92626
- 4,534 sq ft
- Built 1965
$2,150,000
The home
About 1635 Coriander Drive
Coriander Drive is a rare four-unit investment opportunity located on the spice streets in the highly sought-after Mesa Verde neighborhood of Costa Mesa. The property features an exceptional unit mix consisting of one spacious three-bedroom unit and three well-designed two-bedroom units, catering to a broad tenant base seeking larger floor plans with units ranging from 1000-1600 sqft. in one of Orange County’s most desirable rental markets. The property has been well maintained and benefits from recent exterior improvements, including upgrades staircases, new windows, new tankless water heater, allowing a new owner to capitalize on a stable in-place income stream while continuing to enhance the asset over time. Positioned on a generous lot with seven on-site parking spaces, the property offers an amenity that is increasingly valuable in the Costa Mesa market. With below-market rents, investors have the opportunity to achieve meaningful rental upside as units naturally turn over, creating the potential for increased cash flow and long-term appreciation.
Property details for 1635 Coriander Drive
This apartment sits in Costa Mesa in Orange County. It offers 4,534 square feet of living space and is listed at $2,150,000, about $474 per square foot. The home was built in 1965. The MLS record lists the assessor parcel number as 139-492-02. Highlights include a five-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
- 68 Days
- Bedrooms
- N/A
- Inside Area (SqFt)
- 4,534 sqft
- Total Baths
- N/A
- Full Baths
- N/A
- Partial Baths
- N/A
- Lot Size
- N/A
- Year Built
- 1965
- MLS® Number
- PW26163488
- Status
- Active Under Contract
- Property Tax
- N/A
- HOA/Condo/Coop Fees
- N/A
- Sq Ft Source
- N/A
General Features
- Property Type
- Apartment
- MLS Number
- PW26163488
- Year Built
- 1965
- Lot Size (sq ft)
- 8,001
- Lot Size (acres)
- 0.1837
- Garage Spaces
- 5
- Parking Spaces
- 7
- Parcel Number
- 13949202
- On Market Date
- 2026-07-27
- Listing Terms
- Standard
Interior Features
- Laundry
- Common Area
- Entry Level
- 1
- Common Walls
- Two Common Walls Or More
Exterior Features
- Lot Features
- Irregular Lot
- Pool Features
- None
- Sewer
- Public Sewer
- Water
- Public
- Units
- 4
Community Features
- Community Features
- Sidewalks
The record
Property History for 1635 Coriander Drive
| Date | Event | Price | Note |
|---|---|---|---|
| Jul 27, 2026 | Listed for sale | $2,150,000 |
Cost of ownership
Estimated monthly payment
7.03% · 30-yr fixed$
$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 1635 Coriander Drive
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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 Chris Keramati of Triqor Group
Listing information updated Sep 17, 2026 at 10:58 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.