NOT LISTED FOR SALE
5 Beds
4 Baths
5,776 Sq Ft
0.45 Acres

Last Sold April 06, 2021

Last sale price $3,350,000 $580 Per Sq Ft

8 Days on Market

Highlights

  • 0.45 Acre Lot
  • Lawn
  • Double Pane Windows
  • Heinz Kaiser Elementary School Rated A
  • No HOA
  • Cooling System Mounted To A Wall/Window

About This Home

As of April 2021

We are pleased to present the sale of 2417 Orange Ave, located in Eastside Costa Mesa. This 6 unit investment property sits on an approximate 20,000 square foot lot and features a favorable unit mix of (1) 2 bed / 2 bath unit, (4) 2 bed/ 1 bath units, and (1) 1 bed/ 1 bath unit. Each unit is separately metered for gas and electricity, includes in unit laundry (1 bedroom unit hook-ups in garage), AC, recessed lighting, and private yard space. There are (2) single car garages, (2) two car garages, and six additional on site parking spaces. 2417 Orange Ave, located in one of the strongest rental markets in orange County and offers tenants close proximity to major freeways, John Wayne Airport, world class beaches, and all the amenities 17th street has to offer. This asset will be delivered vacant and offers multiple opportunities for an investor looking to grow their real estate portfolio, or an owner user looking to live in a unit while generating strong income from the other units. This is one investment property you do not want to miss!

Last Agent to Sell the Property

Tim Carr

Pacific Sotheby's Int'l Realty License #01017277 Listed on: 02/16/2021

Co-Listed By

Jon Flagg

Pacific Sotheby's Int'l Realty License #01316048

Last Buyer's Agent

Michael Brinkman

Coastline Realty License #00926365

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 0.45 Acre Lot
  • 1 Common Wall
  • Landscaped
  • Sprinkler System
  • Lawn
  • Back Yard

Parking

  • 6 Open Parking Spaces
  • 6 Car Garage
  • Parking Available
  • Two Garage Doors

Home Design

  • Apartment
  • Composition Roof

Interior Spaces

  • 5,776 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting
  • Double Pane Windows
  • Living Room

Kitchen

  • Gas Range
  • Dishwasher

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry in Kitchen

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 110
  • Tax Tract Number 300
  • Assessor Parcel Number 43929134

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 6 Units
  • Eastside Central Subdivision

Recreation

  • Bike Trail

Building Details

  • 7 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,500
  • Gardener Expense $3,000
  • Insurance Expense $2,500
  • Pest Control $1,500
  • Trash Expense $2,400
  • Water Sewer Expense $3,000
  • New Taxes Expense $36,750
  • Net Operating Income $131,080

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Parking

6

Listing Details

  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Eastside Central (ECCM)
  • View: No
  • Water Sewer Expenses: 3000.00
  • Property Type: Residential Income
  • Gardener Expense: 3000.00
  • Parcel Number: 43929134
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Recessed Lighting
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Levels: One, Two
  • Price Per Square Foot: 579.99
  • Room Type: Kitchen, Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage - Single Door, Garage - Two Door, On Site
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage, In Kitchen
  • Pest Control Expense: 1500.00
  • Sewer: Public Sewer
  • Trash Expense: 2400.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Landscaped, Lawn, Lot 10000-19999 Sqft, Sprinkler System
  • Lot Size Sq Ft: 19769.00
  • Lot Size Acres: 0.4538

Multi Family

  • Electric Expense: 1500.00
  • Gross Scheduled Income: 192000.00
  • Insurance Expense: 2500.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 19769.0000 Square Feet
  • Net Operating Income: 131080.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 55150.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 36750.00
  • Tax Census Tract: 631.02
  • Tax Lot: 110
  • Tax Tract Number: 300

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/06/2021 04/06/21 Sold $3,350,000 -4.3% $580 / Sq Ft
02/25/2021 02/25/21 Pending -- -- --
02/16/2021 02/16/21 For Sale $3,500,000 -- $606 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP21026676

California Regional Multiple Listing Service (CRMLS)

APN: 439-291-34