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!
Sold for $3,330,000
Listed by: Kinnery's Brokerage House • Cameron Jacques • Contact: 562-800-0838
Bought with: Kinnery's Brokerage House
$3,330,000
2585 Orange Ave, Costa Mesa, CA 92627
11beds
7baths
5,181sqft
Multi Family
Built in 1955
-- sqft lot
$-- Zestimate®
$643/sqft
$6,407 Estimated rent
Home value
Not available
Estimated sales range
Not available
$6,407/mo
Zestimate® history
Owner options
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$6,407/mo
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$20,791/mo
Est. payment
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List your homeWhat's special
Large open lotInterior laundry
Zillow last checked:
Listing updated:
Listed by:
Cameron Jacques DRE #01852032 310-490-8134,
Kinnery's Brokerage House
Bought with:
Cameron Jacques, DRE #01852032
Kinnery's Brokerage House
Source: CRMLS,MLS#: PW25077806
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 7
Heating
- Wall Furnace
Cooling
- None
Appliances
- Laundry: Laundry Closet, In Garage, In Kitchen
Features
- Has fireplace: Yes
- Fireplace features: Family Room
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 5,181
- Total interior livable area: 5,181 sqft
Property
Parking
- Total spaces: 20
- Parking features: Assigned
- Garage spaces: 7
- Carport spaces: 5
- Covered spaces: 12
- Uncovered spaces: 8
Features
- Levels: One
- Stories: 1
- Entry location: One
- Pool features: None
- Spa features: None
- Fencing: Wood
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 0.54 Acres
- Features: Sprinkler System
Details
- Additional parcels included: 43916129
- Parcel number: 43916130
- Special conditions: Standard,Trust
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Roof: Composition
Condition
- New construction: No
- Year built: 1955
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Biking, Curbs, Golf, Gutter(s), Park, Street Lights, Suburban, Sidewalks, Water Sports
- Subdivision: Eastside Central (Eccm)
Location
- Region: Costa Mesa
Financial & listing details
- Price per square foot: $643/sqft
- Tax assessed value: $516,802
- Annual tax amount: $6,790
- Date on market: 4/10/2025
- Cumulative days on market: 26 days
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 6/13/2025 | Sold | $3,330,000-10%$643/sqft |
Source:  CRMLS #PW25077806 Report a problem | ||
| 5/6/2025 | Contingent | $3,700,000$714/sqft |
Source: CRMLS #PW25077806 Report a problem | ||
| 4/10/2025 | Listed for sale | $3,700,000$714/sqft |
Source: CRMLS #PW25077806 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,790 +1.6% | $516,802 +2% |
| 2024 | $6,680 +2.3% | $506,669 +2% |
| 2023 | $6,529 +3% | $496,735 +2% |
| 2022 | $6,341 +4% | $486,996 +2% |
| 2021 | $6,098 +0.9% | $477,448 +1% |
| 2020 | $6,041 | $472,553 +2% |
| 2019 | $6,041 +1.8% | $463,288 +2% |
| 2018 | $5,937 +3.5% | $454,204 +2% |
| 2017 | $5,736 | $445,299 +2% |
| 2016 | $5,736 +2.2% | $436,568 +1.5% |
| 2015 | $5,615 +3.5% | $430,011 +2% |
| 2014 | $5,427 | $421,588 +0.5% |
| 2013 | -- | $419,683 +2% |
| 2012 | -- | $411,454 +2% |
| 2011 | -- | $403,387 +0.8% |
| 2010 | -- | $400,373 -0.2% |
| 2009 | -- | $401,325 +2% |
| 2008 | -- | $393,456 +2% |
| 2007 | -- | $385,742 +2% |
| 2006 | -- | $378,179 +2% |
| 2005 | -- | $370,764 +2% |
| 2004 | -- | $363,495 +1.9% |
| 2003 | -- | $356,833 +2% |
| 2002 | -- | $349,837 +2% |
| 2001 | $3,719 -20.4% | $342,978 +2% |
| 2000 | $4,670 | $336,253 |
Find assessor info on the county website
Neighborhood: 92627
Nearby homes
- $--1 bd1 ba850 sqft2585 Orange Ave #B, Costa Mesa, CA 92627Off Market
- $--2 bd1 ba950 sqft2585 Orange Ave #A, Costa Mesa, CA 92627Off Market
- $1,332,5003 bd3 ba1.8k sqft2569 Orange Ave APT D, Costa Mesa, CA 92627Off Market
- $689,073-- bd-- ba3.3k sqft2589 Orange Ave, Costa Mesa, CA 92627Off Market
- $--2 bd1 ba-- sqft2589 Orange Ave #C, Costa Mesa, CA 92627Off Market
- $--1 bd1 ba750 sqft2589 Orange Ave #B, Costa Mesa, CA 92627Off Market
- $2,076,0002 bd2 ba1.2k sqft2571 Orange Ave APT B, Costa Mesa, CA 92627Off Market
- $1,784,4002 bd2 ba1.3k sqft2571 Orange Ave APT A, Costa Mesa, CA 92627Off Market
Nearby schools
GreatSchools rating
- 8/10Heinz Kaiser Elementary SchoolGrades: 3-6Distance: 1.2 mi
- 9/10Horace Ensign Intermediate SchoolGrades: 7-8Distance: 3.1 mi
- 9/10Newport Harbor High SchoolGrades: 9-12Distance: 2.8 mi
- California
- Orange County
- Costa Mesa
- 92627
- 2585 Orange Ave
Nearby cities
Nearby zip codes
Other Costa Mesa Topics
