List Price: $1.68M

Listing Status: Active

Days on Market: 2

0 Bedrooms · 0 Bathrooms

Property Type: ResidentialIncome

Year Built: 1960

Lot Size: 6,534 sq ft

Garage Spaces: 3

Private Pool: Yes

Annual Property Tax: $17,549

MLS Number: NP26079066

About This Property

RLM Equities is pleased to exclusively present 1383 Baker Street, a well-maintained triplex located in the heart of Costa Mesa — one of Orange County's most supply-constrained and desirable coastal rental markets. Situated on a 6,500 SF lot just minutes from South Coast Plaza, Orange Coast College, and Pacific Coast Highway, this three-unit property represents a rare opportunity to acquire a stabilized income-producing asset in one of Southern California's most coveted submarkets. The property consists of two 2-bedroom/1-bath units and one spacious 2-bedroom/1.5-bath unit, totaling 2,785 rentable square feet across two stories. Currently operating at 100% occupancy with below-market rents, the asset presents meaningful upside potential as leases roll to market. Pro forma rents project a 4.22% cap rate with $1,305/month in uncaptured rental upside. The property features private garages, on-site parking, and mature landscaping providing strong curb appeal on one of Costa Mesa's most established streets.

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