Movoto Real Estate
Sold on 06/09/2026
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1019 American Pl, Costa Mesa, CA 92627

  • $1,325,000

    Last sold 06/09/2026 after 39 Days

  • 4

    bed

  • 2

    bath

  • 1,750

    Sqft ($757/Sqft)

Multi-family not for sale
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About 1019 American Pl

Property type Multi-family
Neighborhood
Year built 1962
HOA fee $0/month
Lot size 6,970 Sqft
Movoto estimate
Property description
We are pleased to present 1019 American Place, a rare duplex investment opportunity located in the highly desirable Westside Costa Mesa submarket. The property consists of two spacious 2-bedroom, 1-bathroom units, offering an attractive layout for tenants and strong rental appeal in a supply-constrained coastal market. Situated in one of Orange County's most sought-after rental locations, the asset benefits from immediate proximity to Newport Beach, major employment hubs, and premier retail corridors, making it an ideal option for both investors and occupants alike. Constructed in 1962, the property features classic mid-century construction with a proven track record of rental durability. The asset presents a compelling opportunity for a new owner to implement a strategic renovation program to modernize interiors and enhance overall curb appeal, allowing for increased rental income and long-term appreciation. Costa Mesa continues to demonstrate strong rental fundamentals driven by its coastal accessibility, connectivity to major freeways, and diverse employment base. These factors have supported consistent tenant demand and position the asset for stable cash flow with future upside. Offered for the first time in over five decades, the property has been under the same ownership since 1970, underscoring the long-term stability and desirability of the location. Additionally, the Westside Costa Mesa submarket is characterized by low transaction velocity, with limited inventory and infrequent sales, creating a unique opportunity for investors to acquire a tightly held asset in a premier coastal market. For more information, please reach out.
Listed by
Listing Agent - Jonathan Weir
Listing Office - Marcus & Millichap
Source: The MLS mls logo
MLS#26828043 • last updated 1 month ago
Movoto checked The MLS for data 10 minutes ago
Overview
Levels/Style One
MLS # 26828043
Type Residential Income
Status Sold
SqFt 1750
Lot Size (SqFt) 6970
Lot Size (Acres) 0.16
Year Built 1962
Interior
Total # of Baths 2
Total # of Bedrooms 4
Exterior
# Parking Spaces 2
Parking Desc Garage Is Attached
Add'l Structures None
Amenities / Utilities
Equipment Range/Oven, Refrigerator, Garbage Disposal
Location
County Orange
APN 422-082-10
Multifamily Details
Unit 1: Furnished No
Unit 1: Projected Rent 2900
Unit 1: # Beds 2
Unit 1: Rent 2068
Unit 1: # Baths 1
Unit Type 2106
Unit 1: Actual Rent 2068
Total # Of Buildings 1
Net Operating Income 23781
Gross Income 49620
Gross Operating Income 49620
Gross Rent Multiplier 25.7
Total Annual Expenses 24350
$1.37M
Range: $1.23M-$1.51M
Last 30 days 
  • Jun 2026
    mls logo MLS # 26828043
  • Jun 10, 2026 Sold
    $1,325,000 (+3.9%)
  • Jun 9, 2026 Pending
  • May 25, 2026 Active
  • Apr 28, 2026 Listed
    $1,275,000
  • 1019 American Pl
    $1.32M
  • Westside Costa Mesa
    $1.19M 0% y/y
  • 92627
    $1.24M -9% y/y
  • Costa Mesa
    $1.34M -6% y/y
No chart available
Statistics calculated by Movoto

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6/10
Source: GreatSchools.org © 2026. All rights reserved.

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