2585 Orange Avenue

Costa Mesa, CA 92627

  • 0 Bed(s)
  • 0 Bath(s)
  • 5,181 Sqft
  • 23522
    Sqft(Lot)
$3,700,000

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!

  • Property Type

    Residential Income

  • County

    Orange

  • Style

    Residential Income

  • AD ID

    49326110

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Composition
    • Fireplace: Family Room

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

    Fireplace

    • Fireplace Features: Family Room
    • Has Fireplace: 1

  • Building Information

    • Year Built: 1955
    • Building Area Total: 5,181
    • Roof: Composition

    Pool Features

    • None

    Laundry Features

    • Laundry Closet,In Garage,In Kitchen

    Fencing

    • Wood

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.54
    • Lot Size Source: Estimated
    • Lot Size Square Feet: 23522

  • Listing Price Information

    • Original List Price: 3,700,000
    • Listing Contract Date: 2025-04-09

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 43916130

  • Garage and Parking

    • Garage Description: Assigned

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C5 - East Costa Mesa
    • Directions: Mjr cross streets - Mesa Dr and Orange ave
    • Source Property Type: Residential Income
    • Area: C5 - East Costa Mesa
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 70
    • Common Walls: 1 Common Wall
    • Structure Type: Apartment
    • Year Built Source: Estimated
    • Entry Level: 1
    • Entry Location: One
    • Property Attached: Yes
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 04/27/2025 @ 05:35

  • MLS: PW25077806
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 5,181 sqft, 23,522 sized lot, and 7 parking. are nearby neighborhoods.