$3,330,000
SOLD JUN 13, 2025

2585 Orange Ave Costa Mesa, CA 92627

Eastside Costa Mesa Neighborhood
7 Beds
4 Baths
5,181 Sq Ft
0.54 Acres

Recently Sold

$643 Per Sq Ft

10% Below List Price

26 Days on Market

Highlights

  • Golf Course Community
  • 0.54 Acre Lot
  • Park
  • Heinz Kaiser Elementary School Rated A
  • Neighborhood Views
  • Laundry Room

About This Home

As of June 2025

Spectacular value add investment opportunity! This incredible 7 unit asset is situated on a large open lot in the heart of everything that's wonderful about Southern California! Costa Mesa is the neighboring city to Newport Beach, which houses some of Southern California’s most expensive real estate, high-end car dealerships, magnificent restaurants and boutiques. 2585 & 2589 Orange Ave is situated within a 5 minutes to 15 minute drive to South Coast Plaza, the largest and arguably the best high-end shopping on the West Coast, Newport Peninsula, Fashion Island, Corona Del Mar and Huntington Beach. The asset itself is comprised of One, 3 bedroom x 1 bathroom single family residence – Two, 2 bedroom x 1 bathroom cottages, Two 1 bedroom x 1 bathroom cottages and Two, 1 bedroom x 1 bathroom upper-level units. Each unit has its own garage (7 in total) with 5 carports and 8 additional onsite parking spaces. All seven units have interior laundry. The asset is well managed and beautifully maintained. Current GSI is running approximately 40% below market in current condition. The Single Family Residence and all four cottages have their own large side yards, which create's its own personal space inside a community environment. ADU potential and room to add significant value, this asset will be in high demand!

Last Agent to Sell the Property

Cameron Jacques

Kinnery's Brokerage House Brokerage Phone: 310-490-8134 License #01852032 Listed on: 04/10/2025

Last Buyer's Agent

Cameron Jacques

Kinnery's Brokerage House Brokerage Phone: 310-490-8134 License #01852032 Listed on: 04/10/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 0.54 Acre Lot
  • 1 Common Wall
  • Wood Fence
  • Sprinkler System
  • 43916129

Parking

  • 8 Open Parking Spaces
  • 7 Car Garage
  • 5 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Apartment
  • Entry on the 1st floor
  • Composition Roof

Interior Spaces

  • 5,181 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Neighborhood Views

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry in Kitchen

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 54
  • Tax Tract Number 376
  • Assessor Parcel Number 43916130

Community Details

Overview

  • 6 Buildings
  • 7 Units
  • Eastside Central Subdivision

Recreation

  • Golf Course Community
  • Park
  • Water Sports
  • Bike Trail

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 2 Separate Water Meters
  • Operating Expense $70,189
  • Gross Income $160,440
  • Net Operating Income $87,796

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Parking

7

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Subdivision Name Other: Eastside Central (ECCM)
  • View: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 43916130
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 642.73

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Carport Spaces: 5.00
  • Garage Spaces: 7.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 20.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Closet, In Garage, In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Golf, Gutters, Park, Watersports, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 43916129
  • Land Lease: No
  • Lot Features: Sprinkler System
  • Lot Size Sq Ft: 23522.00
  • Lot Size Acres: 0.5400

Multi Family

  • Average1 Bed Area: 597 Square Feet
  • Average2 Bed Area: 700 Square Feet
  • Average3 Bed Area: 1400 Square Feet
  • Gross Income: 160440.00
  • Gross Operating Income: 157985.00
  • Gross Scheduled Income: 160440.00
  • Lot Size Area: 23522.0000 Square Feet
  • Net Operating Income: 87796.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 7
  • Operating Expense: 70189.00
  • Rent Control: No
  • Total Expenses: 70189.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • Tax Census Tract: 631.02
  • Tax Lot: 54
  • Tax Tract Number: 376

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

Property History

Date Event Price List to Sale Price per Sq Ft
06/13/2025 06/13/25 Sold $3,330,000 -10.0% $643 / Sq Ft
04/10/2025 04/10/25 For Sale $3,700,000 -- $714 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Cameron Jacques

    Seller's Agent in 2025

    Cameron Jacques

    Kinnery's Brokerage House

    (562) 800-0838

    1 in this area

    52 Total Sales

    Cameron Jacques
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25077806

California Regional Multiple Listing Service (CRMLS)

APN: 439-161-30

California Orange County Costa Mesa 92627 Eastside Costa Mesa

2585 Orange Ave, Costa Mesa, CA

Sold

MultiFamily

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