$3,600,000
PENDING

Estimated payment $22,931/month

Total Views 2,051
9 Beds
5 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 2-Bedroom, 1-Bath unit with Garage * Unit A2, B1 1- Bedroom, 1-Bath units * Unit A1 - 2 Bedroom, 1 Bath * Unit C - 2 Bedroom, 1 Bath with Garage * Unit D - 2 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 in unit

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 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
  • 4 Buildings
  • 5 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: 5
  • 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

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
04/12/2026 04/12/26 Pending -- -- --
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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