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2762 Tern Circle
About This Property
Inside, the home is filled with natural light and benefits from the coastal breezes that make this part of Costa Mesa so special. Large windows, shutters, a stone fireplace, and spacious living and dining areas give the home a warm, comfortable feel. Recent improvements include fresh interior paint, new flooring, new carpet, a newer roof, and an upgraded downstairs bathroom.
The home is move-in ready today, while still offering plenty of opportunity for a future owner to make it their own over time. The large, private backyard offers room to entertain, play, garden, or simply relax, with added privacy from having no homes directly behind you.
One of the biggest draws is the location and sense of community. Walk to summer Concerts in the Park and community events at nearby Balearic Park, head to Fairview Park for miles of walking and biking trails, or hop on the Santa Ana River Trail for a ride toward the beach. Tanager Park is also nearby with public pickleball courts, basketball, volleyball, playgrounds, and open green space, along with the Costa Mesa Golf Course just minutes away.
This is the kind of neighborhood where neighbors know each other and community events are part of everyday life. With mature trees, generous yards, great neighbors, nearby parks and trails, and easy access to the beach, dining, shopping, and everything Costa Mesa has to offer, 2762 Tern Circle is a special opportunity to enjoy the best of the Costa Mesa lifestyle.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 9, 2026 | Sold | ||
| Sold | |||
| Sep 30, 2026 | In contract | - | |
| In contract | |||
| Sep 3, 2026 | Listed by Torelli Realty | $1,975,000 | |
| Listed by Torelli Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017