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.
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Listing Snapshot
Price
$2,199,000
Days On Site
1 Day
Bedrooms
N/A
Inside Area (SqFt)
4,701 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.2076 Acres
Year Built
1964
MLS® Number
NP26087141
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
yesterday
Listing first seen on site
yesterday
Listing updated with changes from the MLS®
General Features
Acres
0.2076
Foundation
Slab
Garage
Yes
Garage Spaces
4
Land Lease
No
Levels
Two
Number Of Stories
2
Parking Spaces
7.5
Property Condition
Fixer
Property Sub Type
Quadruplex
Security
Carbon Monoxide Detector(s)Smoke Detector(s)
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Total
4701
Style
SeeRemarksTraditional
Utilities
Cable AvailableElectricity AvailableElectricity ConnectedNatural Gas AvailableNatural Gas ConnectedPhone AvailableSewer AvailableSewer ConnectedSee RemarksWater AvailableWater Connected
Water Source
PublicSee Remarks
Interior Features
Appliances
Gas CooktopGas OvenGas RangeRange HoodWater Heater
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Neighborhood & Commute
Source: Walkscore
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