CA > Costa Mesa
Costa Mesa, CA 92627,2585 Orange AVE
Costa Mesa, CA 92627,2585 Orange AVE
Costa Mesa, CA 92627,2585 Orange AVE
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Sharad Gupta

Sharad Gupta

+1(408) 401-1003
Listed by Cameron Jacques • Kinnery's Brokerage House
$3,700,000
Est. payment /mo
0.54 Acres Lot
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW25077806

Originating Board California Regional MLS

Year Built 1955

Lot Size 0.540 Acres

Property Description

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 wil

Location

State CA

County Orange

Area C5 - East Costa Mesa

Interior

Heating Wall Furnace

Cooling None

Laundry In Closet, In Garage, In Kitchen

Exterior

Parking Features Assigned Spaces

Garage Spaces 20.0

Pool 31, None

View Local/Neighborhood

Roof Type Composition

Building

Story One Story

Water District - Public

Others

Tax ID 43916130

Special Listing Condition Not Applicable

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agent
Sharad Gupta

Broker | License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA, 95054, USA

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