For Sale Multi-Family MLS# 26870677

223 Mesa Drive

Costa Mesa, CA 92627

$2,300,000

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About 223 Mesa Drive

223 Mesa Drive, offered together with the adjacent 215 Mesa Drive, is a rare luxury residential development opportunity in the heart of Eastside Costa Mesa, one of Orange County's most sought-after coastal communities. The project has secured conditional approval of a Vesting Tentative Parcel Map from the City of Costa Mesa for four detached homes on individually owned fee simple lots, delivering an approved development path forward. Together the two contiguous parcels total approximately 18,651 square feet (0.428 acres), zoned R2-MD. Upon completion, the site delivers four detached, two-story residences, each designed as a four-bedroom, four-and-a-half-bath home ranging from approximately 2,572 to 2,940 square feet, with contemporary architecture, open concept floor plans, private yards, and two-car garages. The sale includes a comprehensive Due Diligence Package with architectural plans, engineering, grading, landscape plans, surveys, subdivision documents, renderings, and entitlement materials, allowing a buyer to reduce upfront soft costs and entitlement risk and focus on carrying the project through to construction. Set on a quiet, tree-lined street minutes from Newport Beach, Fashion Island, South Coast Plaza, and John Wayne Airport, the property sits within a neighborhood anchored by top-rated schools and premier coastal amenities. With conditional approval secured, a full design package in hand, and a site plan reflecting 9.35 units per acre, this is a rare chance to acquire a well-located, near-ready coastal infill project in a supply-constrained market. This parcel is listed at $2,300,000 and must be sold together with the adjacent parcel (215 Mesa Drive) as a single transaction, for a combined purchase price of $4,600,000. The two parcels are offered concurrently and cannot be sold separately.

Property details

Property

Type
multi
MLS type
Multi Family Home
Status
Active
Year built
1948
Stories
1
Living area
1,968 sqft
Price / sqft
$1,169
Lot
0.22
Original price
$2,300,000
MLS #
26870677

Interior

Heating
Wall Furnace

Exterior & lot

Features
Parking spaces: 0
Construction
1
Lot
43921325
Parking
Door-Multi, Garage

Schools

District
Newport-Mesa Unified School District

Financial

Parcel
43921325
Special conditions
Standard

Location

Area
C5 - East Costa Mesa
County
Orange
Neighborhood
Eastside Costa Mesa
Directions
See Google Maps

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Listed by Kamfar Kyle Mirrafati, Matthews Real Estate Investment Services

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.