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2040 Orange Ave

Costa Mesa, CA 92627 View Map $1,400,000 Ask a Question
Sq.Ft. Lot14,375
Year1959
2040 Orange Ave Costa Mesa, CA 92627 | MLS NP15004232 Photo 1
2040 Orange Ave Costa Mesa, CA 92627 | MLS NP15004232 Map
Michelle Q. Linovitz

Michelle Q. Linovitz

(949) 632-1618
DRE No.: 01864077

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Status: Sold
Property Type:Residential Income (Multi-Family)
MLS #:NP15004232
Date Sold:2/24/2015
Lot Size:14,375 Sq. Ft.
County:Orange

Listing Agent/Office

Agent:Michelle Linovitz
Office:Hom Sotheby's International R
2040 Orange Avenue – an incredible income-producing purchase opportunity for both build or buy-and-hold investment models. Situated in desirable Eastside Costa Mesa, this extensively remodeled triplex occupies half of its 14,375 square foot double-lot with a vacant lot to spare. Each of the three grandfathered units features 2 bedrooms/1 bath, 1-car covered garage and single driveway. Additions include new kitchens and bathrooms, stainless appliances, granite countertops, wood floors, windows and landscaping. Property is zoned for RV parking and has driveway access along North side of lot. Expected gross rents are $86,400/year – a true 5-cap and climbing!

Detailed Maps

Community Information

Address:2040 Orange Ave Costa Mesa, CA 92627
Area:C5 - East Costa Mesa
County:Orange
City:Costa Mesa
Subdivision:Eastside Heights (Ehcm)
Zip Code:92627

Architecture

Year Built:1959
Stories:2
Style:Bungalow, Contemporary
Number of Buildings: 1
Total Units: 3
Roof: Asphalt
Garage Spaces: 3.0
Parking Features: Assigned, Concrete, Garage, RV Access/Parking
Parking Total: 6.0

Features / Amenities

Interior Features: Granite Counters
Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Range Hood
Flooring: Wood
Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Window: Double Pane Windows
Common Walls: 1 Common Wall
Heating: Wall Furnace

Property Features

Lot Size: 0.33 Acres / 14,375 Sq. Ft.
Lot Features: Item25UnitsAcre, Back Yard, Front Yard, Sprinklers In Front
Utilities: Sewer Connected
Water: Public
Fencing: Privacy, Wood

Tax and Financial Info

Tax Year: 2014
Buyer Financing: CashtoNewLoan
Gross Income: $7,200
Gross Scheduled Income: $86,400
Net Operating Income: $69,120
Operating Expense: $17,280
Terms: CashtoNewLoan, Submit

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Based on information from California Regional Multiple Listing Service, Inc. as of December 9, 2022. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.