$2,499,000
UNDER CONTRACT

Estimated payment $14,005/month

Total Views 520
4 Beds
5 Baths
3,650 Sq Ft
$685 Price per Sq Ft

Highlights

  • Property is near park and public transit
  • Traditional Architecture
  • Wood Flooring
  • Kaiser Elementary School Rated A
  • Cathedral Ceiling
  • Main Floor Primary Bedroom

About This Home

Located on an expansive corner parcel of more than 9,000 square feet in the heart of Eastside Costa Mesa, this meticulously maintained four-unit income property presents an exceptional investment opportunity. Once owned by local business icon Heinz Kaiser, the property showcases timeless architecture, a desirable unit mix, and generous outdoor living spaces that set it apart from typical multi-family offerings. Pride of ownership is evident throughout, with a favorable unit configuration consisting of one 2-bedroom, 2-bathroom residence, two 1-bedroom, 1-bathroom residences, and one exceptionally spacious studio. The primary residence at 147 Virginia Place offers 2 bedrooms and 2 bathrooms, highlighted by an inviting front porch overlooking a beautifully hedged lawn, a spacious kitchen, an interior laundry room, a dedicated office area, direct access to an attached two-car garage, and a private rear patio ideal for outdoor entertaining. Situated above, 1471⁄2 Virginia Place features 1 bedroom and 1 bathroom, complete with a recently remodeled shower, vaulted ceilings, wood flooring, a charming sleeping loft, and its own private laundry room. The studio residence is equally impressive, boasting stone flooring, a dramatic oversized fireplace, a kitchen with slab countertops, private laundry, and a covered outdoor entertaining area adjacent to an expansive grassy yard. Completing the property, 2209 Elden Avenue offers 1 bedroom and 1 bathroom with wood flooring, a private garage with its own laundry, additional off-street parking, and a secluded rear yard featuring a deck and generous lawn area. Ideally located just moments from award-winning schools, the shopping and dining destinations along 17th Street, and the world-renowned beaches of the Newport Peninsula, this is a rare opportunity to acquire a beautifully maintained, income-producing property in one of Costa Mesa's most sought-after neighborhoods.

Listing Agent

Matt Perry

Arbor Real Estate Brokerage Phone: 949-233-8161 License #01192690 Listed on: 07/28/2026

Arbor Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1932

Lot Details

  • 9,021 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Fence is in good condition
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Sprinkler System
  • Private Yard
  • Lawn
  • Back and Front Yard

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Driveway Level

Home Design

  • Quadruplex
  • Traditional Architecture
  • Spanish Architecture
  • Entry on the 1st floor
  • Turnkey
  • Raised Foundation
  • Slab Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Spanish Tile Roof
  • Composition Roof
  • Asphalt Roof
  • Plaster
  • Stucco

Interior Spaces

  • 3,650 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Crown Molding
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • Wood Burning Fireplace
  • Fireplace Features Masonry
  • Gas Fireplace
  • Double Pane Windows
  • Blinds
  • Window Screens
  • Sliding Doors
  • Great Room
  • Living Room with Fireplace
  • Home Office
  • Loft
  • Storage
  • Courtyard Views
  • Attic

Kitchen

  • Gas Oven
  • Gas Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Mirrored Closets Doors
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Shed
  • Rain Gutters

Location

  • Property is near park and public transit

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Natural Gas Connected
  • Tankless Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 114
  • Assessor Parcel Number 42605106

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • Eastside Central Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $4,415
  • Fuel Expense $1,210
  • Gardener Expense $1,200
  • Insurance Expense $3,716
  • Maintenance Expense $1,200
  • Water Sewer Expense $1,802
  • Operating Expense $15,263
  • Net Operating Income $117,037

Property Details

Home Type

Multi-Family

Year Built

Built in 1932

Lot Details

9,021 Sq Ft Lot

Parking

3

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Eastside Central (ECCM)
  • View: Yes
  • Water Sewer Expenses: 1802.00
  • Architectural Style: Traditional, Spanish
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 42605106
  • Year Built: 1932
  • Special Features: UnderContract

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Crown Molding, Built-in Features, High Ceilings, Ceiling Fan(s), Recessed Lighting, Storage, Tile Counters, Cathedral Ceiling(s), Granite Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone, Wood
  • Appliances: Yes
  • Door Features: Sliding Doors, Mirror Closet Door(s)
  • Entry Level: 1
  • Fireplace Features: Gas, Wood Burning, Masonry, Living Room
  • Levels: Two
  • Price Per Square Foot: 684.66
  • Room Type: Primary Bedroom, Attic, Laundry, Office, Main Floor Primary Bedroom, Kitchen, Great Room, Living Room, Main Floor Bedroom, Loft, Primary Bathroom
  • Window Features: Double Pane Windows, Skylight(s), Blinds, Screens

Exterior Features

  • Foundation: Raised, Slab
  • Other Structures: Storage, Shed(s)
  • Exterior Features: Rain Gutters
  • View: Courtyard
  • Fence: Yes
  • Fencing: Block, Good Condition
  • Pool Private: No
  • Roof: Spanish Tile, Composition, Asphalt
  • Spa: No
  • Construction Materials: Plaster, Frame, Stucco, Drywall Walls

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage, Concrete, Direct Garage Access, Driveway Level
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Natural Gas Connected, Phone Available, Sewer Connected, Cable Connected, Electricity Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater, Disposal, Electric Water Heater, Microwave, Tankless Water Heater, Range Hood, Gas Range, Gas Oven, Dishwasher
  • Heating Type: Forced Air, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Individual Room, Electric Dryer Hookup, In Closet, Gas & Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Street Lights, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Landscaped, Rectangular Lot, Level, Near Public Transit, Park Nearby, Front Yard, Sprinkler System, Back Yard, Lawn, Yard
  • Lot Size Sq Ft: 9021.00
  • Lot Size Acres: 0.2071

Rental Info

  • Tenant Pays: Gas, Cable TV, Electricity

Multi Family

  • Average1 Bed Area: 573 Square Feet
  • Average2 Bed Area: 1588 Square Feet
  • Average Studio Area: 912 Square Feet
  • Electric Expense: 4415.00
  • Fuel Expense: 1210.00
  • Gross Scheduled Income: 132300.00
  • Insurance Expense: 3716.00
  • Lot Size Area: 9021.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 117037.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 15263.00
  • Rent Control: No
  • Total Expenses: 15263.00

Tax Info

  • Tax Lot: 6
  • Tax Tract Number: 114

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,920 $77,241 $30,064 $47,177
2024 $2,767 $75,727 $29,475 $46,252
2023 $2,571 $74,243 $28,897 $45,346
2022 $2,372 $72,788 $28,331 $44,457
2021 $2,187 $71,361 $27,775 $43,586
2020 $2,124 $70,630 $27,490 $43,140
2019 $2,061 $69,246 $26,951 $42,295
2018 $2,014 $67,889 $26,423 $41,466
2017 $1,995 $66,558 $25,905 $40,653
2016 $1,970 $65,253 $25,397 $39,856
2015 $1,953 $64,273 $25,015 $39,258
2014 $1,925 $63,014 $24,525 $38,489
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/28/2026 07/28/26 For Sale $2,499,000 -- $685 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Southland Title Corporation
Interfamily Deed Transfer -- Southland Title Corporation
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $206,000 New Conventional
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG26160849

California Regional Multiple Listing Service (CRMLS)

APN: 426-051-06

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