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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.

Overview

Property Status
Active Under Contract
Lot Size
8,276 Sq.Ft.
MLS ID
OC26167308
Property Type
Multi-Family
Year Built
1969

Features & Amenities

Architecture Styles
Traditional
View Description
Neighborhood
Stories
2
Garage Spaces
5.0
Water Source
Public
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Pool
None
Roof
Shingle
Lot Features
Front Yard, Sprinklers In Front, Landscaped
Parking
Garage
Heat Type
Central, Fireplace(s)
Air Conditioning
Central Air
Laundry Room
Common Area, Laundry Room
Fireplace
Living Room
Appliances
Dishwasher
Sewer
Public Sewer
Substructure
Slab
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Other Exterior Features
Rain Gutters
Sales Price
$2,275,000
Maintenance Fee
$2,412/mo

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3102 Ginger Avenue

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for your interest in 3102 Ginger Avenue, Costa Mesa, CA 92626

3102 Ginger Avenue
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