Coriander Property 1635 Coriander Dr 4 Unit Apartment Building $2,150,000 ($537,500/Unit) 3.74% Cap Rate Costa Mesa, CA 92626

Coriander Drive is a rare four-unit investment opportunity located on the spice streets in the highly sought-after Mesa Verde neighborhood of Costa Mesa. The property features an exceptional unit mix consisting of one spacious three-bedroom unit and three well-designed two-bedroom units, catering to a broad tenant base seeking larger floor plans with units ranging from 1000-1600 sqft in one of Orange County’s most desirable rental markets. The property has been well maintained and benefits from recent exterior improvements, including upgrades staircases, new windows, new tankless water heater, allowing a new owner to capitalize on a stable in-place income stream while continuing to enhance the asset over time. Positioned on a generous lot with seven on-site parking spaces, the property offers an amenity that is increasingly valuable in the Costa Mesa market. With below-market rents, investors have the opportunity to achieve meaningful rental upside as units naturally turn over, creating the potential for increased cash flow and long-term appreciation.