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1822 Pomona

Costa Mesa, CA 92627
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Bed 5

Bed

Bath 4

Bath

SqFt7,500

Sqft(Lot)

Exceptional Westside Costa Mesa investment opportunity featuring strong existing income, immediate rent-growth potential, and a clear path to substantially higher future revenue. The property currently generates $8,500 per month in gross rental income, with a projected pro forma rent of approximately $10,000 per month in its current configuration. The front 2-bedroom, 1-bathroom residence is currently occupied on a month-to-month basis at a below-market rental rate. The existing tenant has been receiving discounted rent in consideration for living through construction of the recently completed ADU, providing a future owner with meaningful potential to increase rental income. The newly constructed rear ADU is currently leased on a one-year term. The property consists of an existin g 2-bedroom, 1-bathroom single-family home along with a newly constructed, freestanding 3-bedroom, 3-bathroom ADU offering approximately 1,200 square feet of modern living space. The ADU features 10-foot ceilings, quartz countertops, stainless steel appliances, recessed LED lighting, an in-unit stackable washer and dryer, solar, a private yard, gated entrance, dedicated driveway, and no common walls. For investors and builders, the property includes an approved site plan to remove the existing front residence and construct three new residential units while retaining the recently completed rear ADU, resulting in a potential four-unit property. Based on projected rents, completion of the three new units is expected to increase total property rental income to approximately $18,000 per month, or $216,000 annually, on a pro forma basis. Importantly, the rear ADU can remain income-producing while the front portion of the property is redeveloped, giving a future owner the ability to continue collecting rent during construction and help offset carrying and development costs. Located in highly desirable Westside Costa Mesa, just minutes from the beach, the property offers convenient access to dining, shopping, bike trails, Newport Beach, and the surrounding coastal communities. With approximately $102,000 in current annual gross income, $120,000 in stabilized pro forma income in its existing configuration, and approximately $216,000 in projected annual gross income following redevelopment, this property offers a compelling combination of current cash flow and significant long-term development upside.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,200,000

AD Id : 91240653

MLS Id : OC26200536

Beds : 5

Lot Size : 7,500 Sq. Ft

Year Built : 1948

Garage : 1

County : Orange

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Feature Features

  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir, SeeRemarks

  • Building Information

    Year Built: 1948
    Building Area Total: 2144
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 7500 Lot Size Acres: 0.1722 Lot Size Source: Assessor Lot Size Square Feet: 7,500 Lot Description: TwoToFiveUnitsAcre

    Property Information

    Subdivision: Westside Costa Mesa South (WSCM) Source Property Type: ResidentialIncome Property SubType: Single Family Residence Property Age: 78

  • Listing Price Information

    Listing Price: $2200000
    Cash, Conventional, FHA

  • Tax Information

    Parcel Number: 42424140 Tax Lot: 504

  • Parking Information

    Parking Total: 6 Driveway, Garage

    Garage Information

    Has Garage: Yes Garage Space: 1

  • Location Information

    Direction: Pomona Ave & 18th St WaterSource: Public
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215 Mesa Drive, Costa Mesa, CA, 92627 $2,300,000 2 1 818 9,148 Sq. Ft
317 University Drive #U.., Costa Mesa, CA, 92627 $2,699,999 5 3 2,430 9,148 Sq. Ft
315 University Drive, Costa Mesa, CA, 92627 $2,400,000 2 2 1,225 9,148 Sq. Ft
2611 Westminster, Costa Mesa, CA, 92627 $2,795,000 4 2 2,004 8,400 Sq. Ft
2608 Fairway, Costa Mesa, CA, 92627 $2,995,000 5 4 2,403 7,200 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/16/2026 @ 01:05

MLS: OC26200536 LISTED BY: Geoffrey Fearns, TriPacific Managers Inc 949-724-5900 SOURCE: CRMLS

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