Movoto Real Estate
Sold on 09/11/2026
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3102 Ginger Ave, Costa Mesa, CA 92626

$2,170,000

Last sold 09/11/2026 after 43 Days

  • —

    bed

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    bath

Multi-family not for sale

About 3102 Ginger Ave

Property type Multi-family
Neighborhood
Year built 1969
HOA fee $0/month
Lot size 8,276 Sqft
Movoto estimate
Parking 5 garage spaces
Rental estimate
Property description
3102 Ginger Street | Rare Mesa Verde Fourplex | Significant Rental & NOI Upside** Rarely available Mesa Verde fourplex with significant upside potential!** Ideally located in one of Costa Mesa’s most desirable neighborhoods, 3102 Ginger Street offers an exceptional combination of **below-market rents, an attractive unit mix, substantial parking, strong tenant appeal, and long-term value-add potential.**The property features **one spacious 3-bedroom residence and three 2-bedroom residences**, with larger-than-typical floor plans designed for comfortable residential living. **Seven on-site parking spaces** include a 2-car garage for the 3-bedroom unit and a 1-car garage for each 2-bedroom unit—an exceptional amenity in Costa Mesa. Three units are single-level, with two located upstairs, creating a desirable residential setting uncommon among four-unit properties. **The investment opportunity is compelling:** current rents are below market, providing a clear path for future rent increases, **NOI growth, and improved cash flow** as units naturally turn over. An investor can further enhance value through strategic rent adjustments and targeted property improvements while benefiting from the property’s highly desirable location and long-term appreciation potential. The generous lot features a spacious front lawn and landscaped grounds, reinforcing the property’s residential character. Located approximately **five miles from the coast**, with convenient access to South Coast Plaza, Orange Coast College, OC Fairgrounds, Triangle Square, major employment centers, shopping, dining, and entertainment.**A true value-add opportunity in one of Orange County’s premier rental markets—3102 Ginger Street offers the rare combination of four spacious residences, exceptional parking, below-market rents, and multiple avenues for future income and value growth.
Listed by
Listing Agent - Frank Shamoo
Listing Agent Contact: 949-295-6491
Listing Office - Innovate Realty, Inc.
Source: CRMLS mls logo
MLS#OC26167308 • last updated 1 month ago
Movoto checked CRMLS for data Just now
Overview
Levels/Style Two, Traditional
Type Residential Income
SubType Quadruplex
Status Closed
Lot Size (Acres) 0.19
Lot Size (SqFt) 8276
Year Built 1969
Interior
Appliances Dishwasher
Exterior
Foundation Slab
Construction Stucco
Building Area Square Feet, 0
Roof Shingle
Parking Garage
# Parking Spaces 5
# Garage Spaces 5
Lot Description Sprinklers In Front, Landscaped, Front Yard
Amenities / Utilities
Fireplaces Living Room
Sewer/ Septic Public Sewer
Water Source Public
Electric Electricity - On Property
Spa None
Pool None
Location
View Neighborhood
County Orange
Community Features Street Lights, Sidewalks
Subdivision Other, Other (OTHR)
Directions From Harbor BLVD, Turn Onto Date Place, To Ginger
APN 13956402
Multifamily Details
Expense: Trash 11921
Laundry Income 809
Operating Expense 20695
Cap Rate 4.69
Total Expenses 20691.48
Expense: Maintenance 2412
Expense: Water/ Sewer 2669
Gross Income 809
Gross Operating Income 131850
Expense: Electric 231.48
Gross Multiplier 17.52
Gross Scheduled Income 131850
Expense: Fuel 1194
Expense: Gardener 1508
$2.25M
Range: $2.07M-$2.43M
Last 30 days 
Rental est.: $2,012/month
Gross rent multiplier: 89.9
  • Sep 2026
    mls logo MLS # OC26167308
  • Sep 13, 2026 Sold
    $2,170,000 (-4.6%)
  • Aug 31, 2026 Pending
    —
  • Aug 20, 2026 Active
    —
  • Jul 30, 2026 Listed
    $2,275,000
  • Year Property taxes Tax assessment
  • 2024
    $8,664 +3.1%
    $662,647 +2.0%
  • 2023
    $8,404 +3.9%
    $649,654 +2.0%
  • 2022
    $8,087 +3.9%
    $636,916
  • 2021
    $7,780 +1.0%
    $636,916 +2.0%
  • 2020
    $7,706 +1.8%
    $624,428 +3.06%
  • 2019
    $7,569 +3.6%
    $605,908 +2.0%
  • 2017
    $7,306 +2.2%
    $594,028 +4.04%
  • 2016
    $7,152 +1.1%
    $570,962
  • 2015
    $7,076
    —
  • 3102 Ginger Ave
    $2.17M
  • Mesa Verde
    $1.98M +6% y/y
  • 92626
    $1.49M 0% y/y
  • Costa Mesa
    $1.39M -5% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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