Costa Mesa, CA 92627,2585 Orange Avenue
Costa Mesa, CA 92627,2585 Orange Avenue
Costa Mesa, CA 92627,2585 Orange Avenue
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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$3,330,000

$3,700,000

10.0%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

7 Beds

4 Baths


SOLD DATE : 06/13/2025

Key Details

Sold Price $3,330,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

Subdivision Eastside Central (Eccm)

MLS Listing ID PW25077806

Sold Date 06/13/25

Bedrooms 7

Property Sub-Type Res Income 2-4 Units

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 Californias 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

Zoning Estimated

Direction Mjr cross streets - Mesa Dr and Orange ave

Interior

Fireplace No

Exterior

View Y/N No

Roof Type Composition

Building

Story 1

Level or Stories 1

Others

Tax ID 43916130

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MLS Router / San Diego MLS
Listed by Cameron Jacques Kinnery's Brokerage House
Bought with Cameron Jacques Kinnery's Brokerage House
agent
Sandy Saliwa

Agent

+1(619) 708-6446 | sandy.saliwa@lptrealty.com

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