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2048 Garden Ln 3 Unit Apartment Building Offered at $4,074,158 CAD Costa Mesa, CA 92627
Investment Highlights
- Interiors renovated in 2015
- Each unit has washer/dryer hook-ups in garages
- Individually metered for gas and electricity
- Private outdoor space for each unit
Executive Summary
We are pleased to present the sale of 2048 Garden Lane, a well-maintained three-unit multifamily property ideally situated in the highly desirable Eastside Costa Mesa neighborhood. The front unit is a detached single-family residence featuring three bedrooms, two bathrooms, a spacious private backyard, and an attached two-car garage. The rear duplex consists of two 2-bedroom, 1-bathroom units, each offering private yard or patio space and its own single-car garage. All three units were extensively remodeled circa 2015 and showcase modern upgrades throughout, including dual-pane windows, recessed lighting, laminate flooring, quartz countertops, stainless steel appliances, white shaker cabinetry, and custom-tiled showers. Each unit is separately metered for gas and electricity and includes laundry hookups in the garage. This rare investment opportunity is located in one of Orange County’s most sought-after neighborhoods, offering close proximity to parks, beaches, top-rated schools, and the vibrant dining, shopping, and lifestyle amenities along 17th Street.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$186,418
|
$55.56
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,592
|
$1.67
|
| Effective Gross Income |
$180,826
|
$53.90
|
| Taxes |
-
|
-
|
| Operating Expenses |
$56,247
|
$16.76
|
| Total Expenses |
$56,247
|
$16.76
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $186,418 |
| Annual Per SF | $55.56 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $5,592 |
| Annual Per SF | $1.67 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $180,826 |
| Annual Per SF | $53.90 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $56,247 |
| Annual Per SF | $16.76 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $56,247 |
| Annual Per SF | $16.76 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $4,074,158 CAD | Property Type | Multifamily |
| Price Per Unit | $1,358,053 CAD | Building Size | 3,355 SF |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 3 | Year Built/Renovated | 1969/2015 |
| Price | $4,074,158 CAD |
| Price Per Unit | $1,358,053 CAD |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Size | 3,355 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2015 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $5,985 CAD | 1,397 |
| 2+1 | 1 | $4,523 CAD | 979 |
| 2+1 | 1 | $5,026 CAD | 979 |
1 1
Property Taxes
| Parcel Number | 426-232-12 | Improvements Assessment | $259,247 CAD |
| Land Assessment | $2,623,928 CAD | Total Assessment | $2,883,175 CAD |
Property Taxes
Parcel Number
426-232-12
Land Assessment
$2,623,928 CAD
Improvements Assessment
$259,247 CAD
Total Assessment
$2,883,175 CAD
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2048 Garden Ln
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