Homes for sale - 2585 Orange AVE, Costa Mesa, CA 92627

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Jessica Panzica

jessica@jessicapanzica.com +1(714) 313-8193

$3,700,000

Est. payment - /mo

0.54 Acres Lot

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UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Eastside Central (Eccm)

MLS Listing ID PW25077806

HOA Y/N No

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

Fireplace Yes

Laundry Laundry Closet, In Garage, In Kitchen

Exterior

Parking Features Assigned

Garage Spaces 7.0

Carport Spaces 5

Garage Description 7.0

Fence Wood

Pool None

Community Features Biking, Curbs, Golf, Gutter(s), Park, Street Lights, Suburban, Sidewalks, Water Sports

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

View Y/N Yes

View Neighborhood

Roof Type Composition

Total Parking Spaces 20

Private Pool No

Building

Lot Description Sprinkler System

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 43916130

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard, Trust

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Listed by Cameron Jacques • Kinnery's Brokerage House • 310-490-8134

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Jessica Panzica

+1(714) 313-8193

Agent | License ID: 01854556

Agent License ID: 01854556

2585 Orange AVE Costa Mesa, CA 92627

Jessica Panzica

Key Details

Location

Interior

Exterior

Building

Others

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