Don’t Miss This Prime Investment Opportunity in Coveted Mesa Verde! This 4-plex is located in a distinctive street with a mix of single family homes on one side and well kept multifamily units on the other. Nearby homes are listed around $1.7 million, adding to the appeal and long-term value
of this investment. The property features four spacious 2-bedroom, 1-bath apartments, each fully rented. Every unit includes in-unit washer/dryer hookups, a private 1-car garage, and additional parking directly behind the garage. All units are individually metered for electricity and gas, making it easier to manage and more cost-efficient for both tenants and owner. Three of the four units have direct street-level access, while the fourth unit features a second-floor entrance. Each unit enjoys its own separate entry, providing added independence and privacy for residents. Some of the most recent upgrades include 3 new sub-panels, new furnace in one of the units, concrete walkway and handrail from staircase, roof replaced in 2017, and SB721 compliant (2022). Property has been professionally managed. Perfectly situated minutes from top-rated schools, Mesa Verde Country Club, parks, premier shopping and dining, and Southern California’s best beaches. Easy commute with quick access to the 405, 55, and 73 freeways, as well as John Wayne Airport and Newport Beach. This property offers both stability and upside potential in one of Costa Mesa’s most desirable neighborhoods.
Listed by Pablo Velasquez
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License #00943251
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Advance Realty
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714-240-1330
Listed by Patricia Garcia-Velasquez
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License #01032273
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Advance Realty
Last updated October 16, 2025
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Source: CRMLS #PW25237040
Listing Facts
TypeMulti-family
NeighborhoodMesa Verde
Days on Prevu9
Amenities
Parking
Location
Mortgage Calculator
Listing History
10/14/2025
Listed by Advance Realty
$1,995,000
Property Details for 2976 Royal Palm Drive
Association
Amenities
Community Features: Suburban, Sidewalks
Exterior
Construction
Number Of Units Total: 4
Property Attached: Yes
Roof: Composition, Membrane
Stories: 2
Stories Total: 2
Year Built: 1960
Architectural Style: Contemporary
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: 4
Features
Road Frontage Type: County Road
View: Neighborhood
Measurements
Building Area Total: 3,550
Building Area Units: Square Feet
Lot Features: Front Yard
Lot Size Acres: 0.16
Lot Size Area: 7,350
Lot Size Source: Assessor
Lot Size Square Feet: 7,350
Lot Size Units: Square Feet
Financial
Residential Income
Gross Income: $111,900.00
Operating Expense: $38,313.00
Taxes
Parcel Number: 13920309
Interior
Features
Flooring: Carpet
Other
Location
Subdivision Name: Mesa Verde Residential Income (MVRI)
Tax Lot: 29
Parking
Parking
Garage Spaces: 4
Garage: Yes
Open Parking Spaces: 4
Parking Features: Door-Single, Garage, On Site
Parking Total: 8
Utilities
Equipment
Electric: Standard
Heating: Wall Furnace
Has Heating: Yes
Laundry Features: Inside, Stacked
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water Source: Public
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.