$2,695,000

Estimated payment $14,907/month

Total Views 18,989
6 Beds
4 Baths
3,807 Sq Ft
$708 Price per Sq Ft

Highlights

  • No HOA
  • Laundry Room
  • Level Lot
  • Heinz Kaiser Elementary School Rated A

About This Home

2214 Elden Avenue is a modern duplex situated in a highly desirable Eastside Costa Mesa location. Built in 2020, the property features two expansive 3-bedroom/2-bathroom flats totaling approximately 3,807 square feet of living area. The upper unit measures approximately 1,850 square feet and includes a private balcony, while the lower unit measures approximately 1,950 square feet and features a private yard. Together, they combine the comfort of single-family living with the convenience of a low-maintenance investment property. Each residence is thoughtfully appointed with 9-foot ceilings, vinyl wood flooring, recessed lighting, modern ceiling fans, and in-unit washer/dryer hookups. Additional highlights include spacious walk-in closets with built-in shelving, contemporary bathroom finishes, and Google Nest thermostats. Each unit also benefits from a private garage with built-in storage and an additional tandem surface parking space, a highly desirable feature in this coastal neighborhood. The property’s Eastside Costa Mesa location offers exceptional proximity to schools, amenities, and lifestyle destinations. Residents enjoy walking distance to Kaiser and Woodland Elementary Schools within the highly rated Newport-Mesa Unified School District, as well as convenient access to Orange Coast College. The property is just minutes from Harbor Boulevard and 17th Street, providing quick access to shopping, dining, and entertainment at Triangle Square. Nearby State Route 55 connects residents throughout the greater Orange County region. Combining modern construction, strong tenant appeal, and a premier Eastside address, 2214 Elden Avenue represents a rare turnkey opportunity for investors seeking durable cash flow and long-term appreciation potential in one of Orange County’s most desirable rental markets.

Listing Agent

Michael Cavner

Marcus & Millichap RE Invest Brokerage Email: mcavner@mmreis.com License #01274709 Listed on: 10/23/2025

Co-Listing Agent

Tyler Leeson

Marcus & Millichap RE Invest Brokerage Email: mcavner@mmreis.com License #01451551

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2020

Lot Details

  • 5,227 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 3,807 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 269
  • Assessor Parcel Number 42606102
  • $1,440 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $4,866
  • Fuel Expense $447
  • Insurance Expense $1,068
  • Water Sewer Expense $3,678
  • New Taxes Expense $28,236
  • Operating Expense $44,235
  • Gross Income $117,600
  • Net Operating Income $69,837

Property Details

Home Type

Multi-Family

Year Built

Built in 2020

Lot Details

0

Parking

2

Listing Details

  • CapRate: 2.59
  • Property Attached: No
  • Water Sewer Expenses: 3678.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 42606102
  • Year Built: 2020
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 707.91

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 5227.20
  • Lot Size Acres: 0.1200

Multi Family

  • Average3 Bed Area: 1900 Square Feet
  • Electric Expense: 4866.00
  • Fuel Expense: 447.00
  • Gross Income: 117600.00
  • Gross Multiplier: 22.92
  • Gross Operating Income: 114072.00
  • Gross Scheduled Income: 117600.00
  • Insurance Expense: 1068.00
  • Lot Size Area: 0.1200 Acres
  • Net Operating Income: 69837.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 44235.00
  • Operating Expense Percent: 38.78
  • Rent Control: No
  • Total Expenses: 44235.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 28236.00
  • Tax Lot: 10
  • Tax Tract Number: 269
  • TaxOtherAnnualAssessmentAmount: 1440.00

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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 $11,444 $982,007 $390,993 $591,014
2024 $11,444 $962,752 $383,326 $579,426
2023 $11,055 $943,875 $375,810 $568,065
2022 $10,600 $925,368 $368,441 $556,927
2021 $10,259 $907,224 $361,217 $546,007
2020 $10,147 $897,922 $357,513 $540,409
2019 $7,269 $627,022 $350,503 $276,519
2018 $4,275 $343,631 $343,631 $0
2017 $8,481 $742,875 $336,894 $405,981
2016 $8,604 $728,309 $330,288 $398,021
2015 $8,524 $717,370 $325,327 $392,043
2014 $8,335 $703,318 $318,954 $384,364
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2025 12/20/25 For Sale $2,695,000 0.0% $708 / Sq Ft
12/19/2025 12/19/25 Off Market $2,695,000 -- --
10/23/2025 10/23/25 For Sale $2,695,000 -- $708 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Stewart Title Of Ca Inc
Interfamily Deed Transfer -- Stewart Title Of Ca Inc
Interfamily Deed Transfer -- Stewart Title Irvine
Grant Deed $275,000 First American Title Co
Interfamily Deed Transfer -- --
Individual Deed $204,000 Guardian Title Company
Interfamily Deed Transfer -- Guardian Title Company
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $400,000 Commercial
Closed $560,000 New Conventional
Closed $137,500 Purchase Money Mortgage
Previous Owner $129,500 No Value Available
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25246262

California Regional Multiple Listing Service (CRMLS)

APN: 426-061-02