Seller's Agent in 2025
Cameron Jacques
Kinnery's Brokerage House
(562) 800-0838
1 in this area
58 Total Sales
2585 Orange Ave Costa Mesa, CA 92627
Eastside Costa Mesa Neighborhood
7
Beds
4
Baths
5,181
Sq Ft
23,522
Sq Ft Lot
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 2025Spectacular 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
Kinnery's Brokerage House Brokerage Phone: 310-490-8134 License #01852032 Listed on: 04/10/2025
Last Buyer's Agent
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
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Home Values in the Area
Average Home Value in this Area
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
| 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 | $6,680 | $516,802 | $439,300 | $77,502 |
| 2024 | $6,680 | $506,669 | $430,686 | $75,983 |
| 2023 | $6,529 | $496,735 | $422,241 | $74,494 |
| 2022 | $6,341 | $486,996 | $413,962 | $73,034 |
| 2021 | $6,098 | $477,448 | $405,846 | $71,602 |
| 2020 | $6,041 | $472,553 | $401,685 | $70,868 |
| 2019 | $5,937 | $463,288 | $393,809 | $69,479 |
| 2018 | $5,830 | $454,204 | $386,087 | $68,117 |
| 2017 | $5,736 | $445,299 | $378,517 | $66,782 |
| 2016 | $5,615 | $436,568 | $371,095 | $65,473 |
| 2015 | $5,555 | $430,011 | $365,521 | $64,490 |
| 2014 | $5,427 | $421,588 | $358,361 | $63,227 |
Source: Public Records
Agents Affiliated with this Home
-
Cameron Jacques
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25077806
APN: 439-161-30
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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