NOT LISTED FOR SALE

2278 Orange Ave Costa Mesa, CA 92627

Eastside Costa Mesa Neighborhood

Estimated Value: $1,649,000 - $2,436,000

4 Beds
2 Baths
1,877 Sq Ft
$1,051/Sq Ft Est. Value

Last Sold June 07, 2023

Last sale price $1,550,000 $826 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $11,797/month

82 Days on Market

Highlights

  • Golf Course Community
  • Fishing
  • Home Office
  • Heinz Kaiser Elementary School Rated A
  • No HOA
  • Hiking Trails

About This Home

As of June 2023

Located in one of the most beautiful neighborhoods, this 8050 square foot corner lot offers a rare opportunity for both end-users and developers. The current property features two units, each metered. For developers, this property offers great potential to remodel the existing units and add a 1200 square feet ADU.

The first unit features two bedrooms and one bathroom, and the second unit has one bedroom and one bathroom with an office, perfect for a rental property or a guest suite. Both units have separate entrances and are located on opposite corners of the property, providing excellent privacy and versatility.

Remodeling the existing units provides a unique opportunity to create modern and functional living spaces, equipped with high-end finishes and luxurious amenities. Additionally, the addition of an ADU on this corner lot provides endless possibilities for rental income or a separate living space facing opposite streets.

Overall, this property provides an excellent opportunity for end-users and developers alike to create their dream home or investment property in a beautiful neighborhood.

Last Agent to Sell the Property

Jeff Cefalia

Cefalia Real Estate License #02081879 Listed on: 02/22/2023

Last Buyer's Agent

NoEmail NoEmail

None MRML License #N/A

None MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,622

Year Built

  • Built in 1940

Lot Details

  • 8,050 Sq Ft Lot
  • Lot Dimensions are 115x70
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Attached Garage

Home Design

  • Duplex

Interior Spaces

  • 1,877 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Home Office
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • 2 Full Bathrooms

Listing and Financial Details

  • Tax Lot 323
  • Tax Tract Number 516
  • Assessor Parcel Number 42607401
  • $6,013 per year additional tax assessments

Community Details

Overview

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

Recreation

  • Golf Course Community
  • Fishing
  • Dog Park
  • Hiking Trails

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,622

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Structure Type: Duplex
  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Eastside Central (ECCM)
  • View: No
  • Zoning: R1
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 42607401
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1877.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Family Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 825.79
  • Room Type: All Bedrooms Down, Master Bedroom, Office

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Dog Park, Fishing, Golf, Hiking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 115x70
  • Lot Size Sq Ft: 8050.00
  • Lot Size Acres: 0.1848

Multi Family

  • Lease Considered: No
  • Lot Size Area: 8050.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Census Tract: 632.01
  • Tax Lot: 323
  • Tax Tract Number: 516
  • TaxOtherAnnualAssessmentAmount: 6013.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 30, 2024
Sold by
Armstrong Shane Edward and Armstrong Athena
Bought by
Armstrong
Current Estimated Value
$1,973,096

Purchase Details

Listed on
Feb 22, 2023
Closed on
Jun 2, 2023
Sold by
Cefalia Family Trust
Bought by
Armstrong Shane Edward and Armstrong Athena
Seller's Agent
Jeff Cefalia
Cefalia Real Estate
Buyer's Agent
NoEmail NoEmail
None MRML
List Price
$1,600,000
Sold Price
$1,550,000
Premium/Discount to List
-$50,000
-3.12%
Views
86

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.63%
Original Mortgage
$1,048,025
Interest Rate
6.43%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 13, 2023
Sold by
Johnston Gina Marie
Bought by
Cefalia Family Trust

Purchase Details

Closed on
Mar 6, 1998
Sold by
Bond Scott R
Bought by
Johnston Gina Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,200
Interest Rate
6.99%

Purchase Details

Closed on
Sep 26, 1997
Sold by
Robertson Gene H and Robertson Jean A
Bought by
Bond Scott R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,600
Interest Rate
7.36%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Armstrong -- None Listed On Document
Armstrong Shane Edward $1,511,500 Chicago Title
Cefalia Family Trust $875,000 Chicago Title
Johnston Gina Marie $314,000 Guardian Title Company
Bond Scott R $239,500 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Armstrong Shane Edward $1,048,025
Previous Owner Johnston Gina Marie $251,200
Previous Owner Bond Scott R $191,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2023 06/07/23 Sold $1,550,000 -3.1% $826 / Sq Ft
05/15/2023 05/15/23 Pending -- -- --
05/04/2023 05/04/23 For Sale $1,600,000 +3.2% $852 / Sq Ft
03/10/2023 03/10/23 Off Market $1,550,000 -- --
02/22/2023 02/22/23 For Sale $1,600,000 -- $852 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

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 $17,622 $1,572,304 $1,502,042 $70,262
2024 $17,622 $1,541,475 $1,472,590 $68,885
2023 $6,248 $481,903 $424,204 $57,699
2022 $6,014 $472,454 $415,886 $56,568
2021 $5,787 $463,191 $407,732 $55,459
2020 $5,703 $458,442 $403,551 $54,891
2019 $5,570 $449,453 $395,638 $53,815
2018 $5,453 $440,641 $387,881 $52,760
2017 $5,366 $432,001 $380,275 $51,726
2016 $5,257 $423,531 $372,819 $50,712
2015 $5,208 $417,170 $367,219 $49,951
2014 $5,095 $408,999 $360,026 $48,973
Source: Public Records

Agents Affiliated with this Home

  • Jeff Cefalia

    Seller's Agent in 2023

    Jeff Cefalia

    Cefalia Real Estate

    (949) 697-1955

    1 in this area

    14 Total Sales

    Jeff Cefalia
    Section Image

  • N

    Buyer's Agent in 2023

    NoEmail NoEmail

    None MRML

    (646) 541-2551

    3 in this area

    5,998 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23030398

California Regional Multiple Listing Service (CRMLS)

APN: 426-074-01

California Orange County Costa Mesa 92627 Eastside Costa Mesa

2278 Orange Ave, Costa Mesa, CA

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