$3,600,000

Estimated payment $22,988/month

11 Beds
6 Baths
3,945 Sq Ft
$913 Price per Sq Ft

Highlights

  • No Units Above
  • 0.46 Acre Lot
  • No HOA
  • Heinz Kaiser Elementary School Rated A
  • Private Yard
  • Hiking Trails

About This Home

Three detached single family residences with one car garages AND a 3-plex with great market appeal. To the rear of the lot there is a vacant area that may be used to add an ADU (check with the City of Costa Mesa). Exceptional opportunity to acquire a versatile multi-family property in the heart of Costa Mesa. Situated at 2525 Elden Avenue, this income-producing asset is located in a highly sought-after neighborhood just minutes from the coast, top-tier dining, shopping, and major commuter routes. The property features a diverse and functional unit mix, perfect for maximizing rental yield: * Unit A 3-Bedroom, 1-Bath unit with Garage * Unit A1, B1, B2 1- Bedroom, 1-Bath units * Unit C - 2 Bedroom, 1 Bath with Garage * Unit D - 3 Bedroom, 1 Bath with Garage * Set on a rectangular parcel, over 20,000sf with an approximate vacant area in the back of the lot 66x50. The property offers strong in-place income with substantial upside potential for investors or owner-users seeking to reposition or enhance value. Opportunities like this are rare—prime location, solid fundamentals, and long-term appreciation potential in one of Orange County’s most desirable rental markets.

Listing Agent

John Kelly

Seven Gables Real Estate Brokerage Phone: 949-233-5574 License #01232969 Listed on: 04/06/2026

Seven Gables Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 20,130 Sq Ft Lot
  • No Units Above
  • 1 Common Wall
  • East Facing Home
  • Wood Fence
  • Block Wall Fence
  • Rectangular Lot
  • Private Yard
  • Back Yard

Parking

  • 3 Car Direct Access Garage
  • 13 Open Parking Spaces
  • Parking Available
  • Driveway
  • Unpaved Parking
  • Unassigned Parking

Home Design

  • Property Attached
  • Entry on the 1st floor
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,945 Sq Ft Home
  • 1-Story Property
  • Dishwasher
  • Laundry Room

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Rain Gutters
  • Suburban Location

Listing and Financial Details

  • Tax Lot 76
  • Tax Tract Number 300
  • Assessor Parcel Number 43917134

Community Details

Overview

  • No Home Owners Association
  • 6 Buildings
  • 6 Units
  • Eastside North Subdivision

Recreation

  • Dog Park
  • Hiking Trails
  • Bike Trail

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Electric Expense $1
  • Fuel Expense $1
  • Gardener Expense $1,440
  • Insurance Expense $5,700
  • Professional Management Expense $1
  • Trash Expense $539
  • Water Sewer Expense $1,075
  • New Taxes Expense $37,718
  • Operating Expense $46,472
  • Gross Income $138,724
  • Net Operating Income $138,724

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0.46 Acres

Parking

3

Listing Details

  • Assessments: No
  • CapRate: 3.85
  • Professional Management Expense: 1.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Eastside North (ENCM)
  • View: No
  • Water Sewer Expenses: 1075.00
  • Architectural Style: Ranch
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 43917134
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 912.55
  • Room Type: All Bedrooms Down

Exterior Features

  • Direction Faces: East
  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage, Direct Garage Access, Driveway, Unpaved, Unassigned
  • Total Parking Spaces: 16.00
  • Uncovered Spaces: 13.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected, Cable Connected, Phone Connected, Electricity Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher
  • Electric: Standard, Electricity - On Property
  • Heating Type: Forced Air, Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 539.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Curbs, Biking, Dog Park, Hiking, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Back Yard, Yard
  • Lot Size Sq Ft: 20130.00
  • Lot Size Acres: 0.4621

Rental Info

  • Tenant Pays: Gas, Water, Electricity

Multi Family

  • Average1 Bed Area: 525 Square Feet
  • Average2 Bed Area: 825 Square Feet
  • Average3 Bed Area: 900 Square Feet
  • Electric Expense: 1.00
  • Fuel Expense: 1.00
  • Gross Income: 138724.00
  • Gross Multiplier: 19.44
  • Gross Operating Income: 1.00
  • Gross Scheduled Income: 185196.00
  • Insurance Expense: 5700.00
  • Lot Size Area: 20130.0000 Square Feet
  • Net Operating Income: 138724.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Dishwasher: 6
  • Number With Disposal: 6
  • Number With Range: 6
  • Operating Expense: 46472.00
  • Rent Control: No
  • Total Actual Rent: 15433.00
  • Total Expenses: 46472.00

Tax Info

  • New Taxes Expense: 37718.00
  • Tax Lot: 76
  • Tax Tract Number: 300

Map

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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
04/06/2026 04/06/26 For Sale $3,600,000 -- $913 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC26068942

California Regional Multiple Listing Service (CRMLS)
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