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GREAT RENTAL INCOME WITH UNLIMITED DEVELOPMENT POTENTIAL...A DEVELOPER'S DREAM! The rent is under market on this two story house on a Huge lot. The Value is in the LAND, 9,000sqft! Located close to the 55 and minutes to the beach in the heart of Costa Mesa. This Bread & Butter property produces great rental income AND you can build 3 detached homes on this huge LEVEL lot. Close to Triangle square, Mother's Market, Goathill, 17th Street shopping, restaurants, schools, freeways and public transportation. Just blocks from the beach. ZONED R2-HD - Multiple Family Residential (High Density) Take advantage of Costa Mesa's Small Lot Ordinance, and build four 3-story homes with the "Mesa West Residential Ownership Urban Plan" Overlay. Build your dreams here! *** PLEASE DO NOT DISTURB TENANTS*** DRIVE BY ONLY - BEWARE OF TENANT'S LARGE DOGS! Showing with accepted offer. Sold As Is, there are two APN numbers associated with this property...PLEASE CONTACT THE LISTING AGENT FOR COMPLETE DETAILS. Check with the City of Costa Mesa to verify development potential, density, overlays and ordinances.
Listing agent: Michael Townsend DRE #00379786 teamtownsend@yahoo.com, Listing office: Townsend Realty
MLS data updated 11/2/2026, 8:58:28 AM PT
Source: CRMLS, MLS #: IN16098278
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Nov 7, 2016
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 92627 · Nov 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.