Justine Howard
Coldwell Banker Realty
(949) 822-9869
13 Total Sales
1 in Eastside Costa Mesa
$1,125,000 Price
2585 Orange Ave Costa Mesa, CA 92627
Eastside Costa Mesa Neighborhood
7
Beds
4
Baths
5,181
Sq Ft
0.54
Acre Lot
Highlights
- Golf Course Community
- Neighborhood Views
- Bike Trail
- 0.54 Acre Lot
- Park
- Wood Fence
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
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1955
Lot Details
- 23,522 Sq Ft 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 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
Amenities
- Laundry Facilities
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
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 10, 2025
Closed on
Apr 16, 2025
Sold by
Bought by
Seller's Agent
Cameron Jacques
Kinnery's Brokerage House
Buyer's Agent
Cameron Jacques
Kinnery's Brokerage House
List Price
$3,700,000
Sold Price
$3,330,000
Premium/Discount to List
-$370,000
-10%
Views
14
Purchase Details
Closed on
May 19, 2023
Sold by
Bought by
Purchase Details
Closed on
Mar 14, 2019
Sold by
Bought by
Purchase Details
Closed on
Sep 1, 2009
Sold by
Bought by
Purchase Details
Closed on
Dec 17, 2006
Sold by
Bought by
Purchase Details
Closed on
Dec 29, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Interest Rate
5.81%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 3, 1995
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Eastside Costa Mesa, CA
-
Justine Howard
-
Todd Bousman
Todd Bousman
bouHAUS Properties
(949) 403-6362
35 Total Sales
9 in Eastside Costa Mesa
$1.2M - $3.1M Price Range
-
Tyler Rogina
Tyler Rogina
Compass
(424) 417-6460
120 Total Sales
5 in Eastside Costa Mesa
$1.3M - $2.2M Price Range
-
Danielle Wilson
Danielle Wilson
Compass
(949) 919-5939
55 Total Sales
2 in Eastside Costa Mesa
$1,975,000 Price Range
-
Karla Stagman
Karla Stagman
Compass
(949) 732-1762
57 Total Sales
5 in Eastside Costa Mesa
$1.3M - $1.8M Price Range
-
Jennifer Halbert
Jennifer Halbert
Berkshire Hathaway HomeServices California Properties
(949) 828-3136
36 Total Sales
2 in Eastside Costa Mesa
$786,000 Price Range
Purchase 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Listed On Document | ||
| -- | None Listed On Document | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | Fidelity National Title Co | ||
| -- | -- |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $423,000 | ||
| Previous Owner | $465,000 |
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 |
|---|---|---|---|---|
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $8,780 | $1,938,000 | $1,767,353 | $170,647 |
| 2025 | $8,632 | $689,073 | $523,411 | $165,662 |
| 2024 | $8,632 | $675,562 | $513,148 | $162,414 |
| 2023 | $8,429 | $662,316 | $503,086 | $159,230 |
| 2022 | $8,219 | $649,330 | $493,222 | $156,108 |
| 2021 | $7,962 | $636,599 | $483,551 | $153,048 |
| 2020 | $7,887 | $630,072 | $478,593 | $151,479 |
| 2019 | $7,747 | $617,718 | $469,209 | $148,509 |
| 2018 | $7,605 | $605,606 | $460,008 | $145,598 |
| 2017 | $7,480 | $593,732 | $450,988 | $142,744 |
| 2016 | $7,322 | $582,091 | $442,145 | $139,946 |
| 2015 | $7,244 | $573,348 | $435,504 | $137,844 |
| 2014 | $7,077 | $562,117 | $426,973 | $135,144 |
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
60 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25077806
APN: 439-161-30
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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