The property at 3374 California St in Costa Mesa's desirable Mesa Verde neighborhood has flip potential, but it may require strategic renovations to maximize ROI. With recent estimates valuing it around $1.2M and surrounding comps averaging around $1.4M, there's a solid profit margin available. However, its condition and market trends should be carefully evaluated to ensure cost-effective upgrades.

Consider focusing on cosmetic updates to enhance the property's appeal without extensive structural changes, which could significantly cut into profits. Emphasize features such as the pool and outdoor space, as they hold value in the current market. Keep an eye on nearby property sales to inform your timing and strategy for listing.