Investor’s Dream in the Heart of Costa Mesa | Rare Oversized Lot + ADU Potential. Opportunity knocks at 2937 Mendoza Drive, a remodel-ready fourplex positioned on a massive 9,048 SF lot in one of Orange County’s most desirable rental markets. Whether you're looking hold, explore expansion, or upgrade, this rare property offers incredible upside.
Each of the four townhome-style units features 2 bedrooms, 1.5 baths, private patios, central heat, ceiling fans, and ample storage throughout—including under-stair closets, kitchen pantries, and spacious baths. Two units have newer flooring, and the front-facing double-pane windows were upgraded in 2017.
This is where it gets exciting: the large lot can accommodate two accessory dwelling units (ADUs) and potential garage conversions - see architectural drawings and consult with the city.
Additional highlights include 4 garage spaces + 3.5 surface spaces, communal laundry with separate metering (with additional income potential) and storage room (still more income potential), re-piped plumbing (2008), newer roof (2012), and updated water heater (2015–16). Separate gas and electric meters for each unit.
Located in the award-winning Newport Mesa Unified School District in a revitalizing neighborhood, this prime location is near South Coast Plaza, OC Fairgrounds, OCC, and has convenient access to the 405, 55 and 73 freeways. Whether you’re an experienced investor, looking for upside investment, renovation potential, acquire a 1031 upleg or to grow with ADUs, 2937 Mendoza has it all.
Looking for comps or inspiration for these rental units? Check out ADU drawings within these photos and our virtually remodeled example unit.
Listed by Devin Lucas
·
License #01912302
·
Coldwell Banker Realty
·
949-478-1135
Listed by Courtney Lucas
·
License #02015514
·
Coldwell Banker Realty
Last updated April 26, 2026
·
Source: CRMLS #NP26087141
Listing Facts
TypeMulti-family
NeighborhoodMesa del Mar
Days on Prevu7
Amenities
Parking
Location
Mortgage Calculator
Listing History
04/24/2026
Listed by Coldwell Banker Realty
$2,199,000
Property Details for 2937 Mendoza Drive
Association
Amenities
Community Features: Curbs, Dog Park, Gutter(s), Park, Street Lights, Suburban, Sidewalks
Exterior
Construction
Number Of Units Total: 4
Property Attached: Yes
Property Condition: Fixer
Roof: See Remarks
Stories: 2
Stories Total: 2
Window Features: Blinds, Double Pane Windows
Year Built: 1964
Architectural Style: See Remarks, Traditional
Common Walls: 1 Common Wall
Construction Materials: Stucco
Entry Level: 1
Entry Location: 1
Features
Fencing: Wood
View: City Lights, Courtyard, Park/Greenbelt, Neighborhood
Measurements
Building Area Total: 4,701
Building Area Units: Square Feet
Lot Features: 2-5 Units/Acre, Front Yard, Lawn, Landscaped, Level, Rectangular Lot, Street Level
Lot Size Acres: 0.20
Lot Size Area: 9,045
Lot Size Source: Public Records
Lot Size Square Feet: 9,045
Lot Size Units: Square Feet
Financial
Residential Income
Gross Income: $145,608.00
Operating Expense: $39,084.00
Taxes
Parcel Number: 14122134
Interior
Features
Appliances: Gas Cooktop, Gas Oven, Gas Range, Range Hood, Water Heater
Flooring: Carpet, See Remarks, Vinyl
Interior Features: Ceiling Fan(s), Laminate Counters, Open Floorplan, Quartz Counters, Storage, All Bedrooms Up
Other
General
Exclusions: Washer and dryer.
Location
Subdivision Name: Mesa Del Mar (MDMA)
Tax Block: 221
Tax Lot: 141
Parking
Parking
Garage Spaces: 4
Garage: Yes
Open Parking Spaces: 3
Parking Total: 7
Utilities
Equipment
Heating: Central, See Remarks
Has Heating: Yes
Laundry Features: Common Area, Laundry Room, See Remarks
Sewer: Public Sewer
Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, See Remarks, Water Available, Water Connected
Water Source: Public,See Remarks
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There is bedrooms in this multi-family home at 2937 Mendoza Drive.
Does this multi-family home have parking?
Yes, there are 4 parking spaces available for 2937 Mendoza Drive.
How does 2937 Mendoza Drive compare to other multi-family homes in Mesa del Mar?
This multi-family home is listed 19% below the average price for multi-family homes in Mesa del Mar and has been on the market for 22 less days than the typical home in this area.
2937 Mendoza Drive is a -bedroom multi-family home for sale in Costa Mesa CA 92626. Listed on Prevu for 7 days at $2,199,000. This home is located in Orange County. The median listing price for multi-family homes in this area is $2,475,000. Property amenities include parking. Browse 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.