Property Details
About this Property
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 wil
MLS Listing Information
MLS #
CRPW25077806
MLS Source
California Regional MLS
Interior Features
Cooling
None
Heating
Wall Furnace
Exterior Features
Roof
Composition
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Garage: 7 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 6 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
2585 Orange Ave is a Residential Income in Costa Mesa, CA 92627. This – square foot property sits on a 23,522 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,330,000 and was built in 1955. This address can also be written as 2585 Orange Ave, Costa Mesa, CA 92627.
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This listing information is up-to-date as of June 16, 2025. For the most current information, please contact Cameron Jacques
