CA > Costa Mesa > Eastside Central
Costa Mesa, CA 92627,2585 Orange Avenue
Costa Mesa, CA 92627,2585 Orange Avenue
Costa Mesa, CA 92627,2585 Orange Avenue
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Listed by Cameron Jacques • Kinnery's Brokerage House
$3,700,000
Est. payment /mo
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5,181 SqFt
New

2585 Orange Avenue Costa Mesa, CA 92627

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Maureen Alphonso

Maureen Alphonso

Maureen Alphonso

+1(805) 279-6885

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 5,181 sqft

Price per Sqft $714

Subdivision Eastside Central

MLS Listing ID PW-25077806

Year Built 1955

Lot Size 0.540 Acres

Property Sub-Type Apartment

Property Description

Spectacular value add investment opportunity! This incredible 7 unit asset is situated on a large open lot in the heart of everything that's wonderful about Southern California! Costa Mesa is the neighboring city to Newport Beach, which houses some of Southern California's most expensive real estate, high-end car dealerships, magnificent restaurants and boutiques. 2585 & 2589 Orange Ave is situated within a 5 minutes to 15 minute drive to South Coast Plaza, the largest and arguably the best high-end shopping on the West Coast, Newport Peninsula, Fashion Island, Corona Del Mar and Huntington Beach. The asset itself is comprised of One, 3 bedroom x 1 bathroom single family residence - Two, 2 bedroom x 1 bathroom cottages, Two 1 bedroom x 1 bathroom cottages and Two, 1 bedroom x 1 bathroom upper-level units. Each unit has its own garage (7 in total) with 5 carports and 8 additional onsite parking spaces. All seven units have interior laundry. The asset is well managed and beautifully maintained. Current GSI is running approximately 40% below market in current condition. The Single Family Residence and all four cottages have their own large side yards, which create's its own personal space inside a community environment. ADU potential and room to add significant value, this asset will be in high demand!

Location

State CA

County Orange

Area C5 - East Costa Mesa

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type Family Room

Laundry In Closet, In Garage, In Kitchen

Exterior

Parking Features Assigned

Garage Spaces 7.0

Pool None

Community Features Biking, Curbs, Golf, Gutters, Park, Sidewalks, Street Lights, Suburban, Watersports

Utilities Available Sewer Connected, Water Connected, Cable Connected, Electricity Connected, Natural Gas Connected

View Y/N Yes

Building

Lot Description Sprinkler System

Sewer Public Sewer

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agent

Maureen Alphonso

Agent | License ID: 01734126

+1(805) 279-6885

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2585 Orange Avenue