2230 Canyon Drive is a 7-unit multifamily investment opportunity located in the highly desirable city of Costa Mesa, California. Built in 1990, the gated property consists entirely of spacious two-story, 2-bedroom/2.5-bath townhouse-style units, a rare and highly attractive offering in today’s rental market. Six units feature a front patio, back patio, and private balcony, while the rear unit offers a front patio and a large private backyard. Residents benefit from ample parking with eight garages and eight surface spaces, along with the convenience of laundry hookups in every unit. Five units have been thoughtfully renovated with modern finishes including shaker-style cabinetry, vinyl flooring, recessed lighting, and stainless-steel kitchen appliances. The property’s renovation program has proven effective, giving investors an opportunity to capture additional upside through continued upgrades, while current tenants already enjoy generous layouts and abundant private outdoor space that distinguish these units from competing rentals. 2230 Canyon Drive offers residents everyday convenience with walkable access to schools such as Victoria Elementary, Estancia High School, and the Waldorf School of Orange County. Nearby parks and open spaces include Talbert Regional Park, a 180-acre preserve with extensive bike and pedestrian trails, as well as Fairview Park and direct access to the Santa Ana River Trail and Banning Channel Bikeway. Within two miles of the property are Harbor Boulevard and Brookhurst Street, both of which offer an array of retail centers, restaurants, and daily conveniences. 2230 Canyon Drive represents a rare opportunity to acquire a well-maintained coastal Orange County multifamily asset with spacious townhouse layouts, ample outdoor space, in-unit laundry hookups, and clear upside through a proven renovation strategy. This property is well-positioned for investors seeking a high-quality asset with strong renter demand and long-term growth potential in one of Costa Mesa’s most desirable neighborhoods.
Listed by Tyler Leeson
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License #01451551
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Marcus & Millichap RE Invest
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tleeson@marcusmillichap.com
Last updated October 13, 2025
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Source: CRMLS #OC25238637
Listing Facts
TypeMulti-family
NeighborhoodWestside Costa Mesa
Days on Prevu58
Amenities
Parking
Location
Mortgage Calculator
Listing History
10/29/2025
Status changed to Active
$4,525,000
10/23/2025
Status changed to Removed from Feed
$4,525,000
10/13/2025
Listed by Marcus & Millichap RE Invest
$4,525,000
Property Details for 2230 Canyon Drive
Association
Amenities
Community Features: Curbs, Gutter(s), Street Lights, Sidewalks
Exterior
Construction
Number Of Units Total: 7
Stories: 2
Stories Total: 2
Year Built: 1956
Common Walls: No Common Walls
Entry Level: 1
Entry Location: First level
Measurements
Building Area Total: 8,260
Building Area Units: Square Feet
Lot Features: Street Level
Lot Size Acres: 0.34
Lot Size Area: 0
Lot Size Source: Assessor
Lot Size Square Feet: 14,810
Lot Size Units: Acres
Financial
Residential Income
Cap Rate: 4.12
Gross Income: $276,600.00
Operating Expense: $82,246.00
Taxes
Parcel Number: 42207205
Other
Location
Tax Lot: 127
Parking
Parking
Garage Spaces: 8
Garage: Yes
Open Parking Spaces: 8
Parking Total: 16
Utilities
Equipment
Heating: Forced Air
Has Heating: Yes
Laundry Features: Washer Hookup, Gas Dryer Hookup
Sewer: Public Sewer
Water Source: Public
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There is bedrooms in this multi-family home at 2230 Canyon Drive.
Does this multi-family home have parking?
Yes, there are 8 parking spaces available for 2230 Canyon Drive.
How does 2230 Canyon Drive compare to other multi-family homes in Westside Costa Mesa?
This multi-family home is listed 22% above the average price for multi-family homes in Westside Costa Mesa and has been on the market for 48 less days than the typical home in this area.
2230 Canyon Drive is a -bedroom multi-family home for sale in Costa Mesa CA 92627. On Prevu for 58 days at $4,525,000. This property is located in Westside Costa Mesa. The median listing price for multi-family homes in this area is $1,569,000. Additional amenities include parking. Explore more multi-family home listings in Orange County.
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.