2383 Orange Ave - Apartments FOR SALE


Costa Mesa, CA 92627- East Side Costa Mesa
$4,500,000 USD
951-756-0448
2383 Orange Ave, Costa Mesa, CA for Sale
$4,500,000 USD
Apartments - FOR SALE
1/7
null | 3.54% Cap Rate

2383 Orange Ave
Costa Mesa, CA 92627
East Side Costa Mesa


HIGHLIGHTS

  • All Single-Story Two-Bedroom Cottages
  • Value-Add Opportunity
  • First Time on Market
  • All Units Include Washer/Dryer Hookups & Private Patios
  • Recent Capital Improvements Include New Roofs (2024), New Flooring, Ovens & Furnaces in Select Units
  • Desirable Eastside Costa Mesa Location

OVERVIEW

First time on the market in over 20 years. 100% single-story, two-bedroom cottages with in-unit laundry and no shared walls. Low-density layout and strong tenant appeal support long-term stability. Current rents are 31% below market, offering clear value-add potential through renovations and rental growth. Recent upgrades include new roofs on all structures. Prime location near retail and dining.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$234 USD /SF

# OF UNITS

7

PRICE/UNIT

$642,857

CAP RATE

3.54%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,200 SF

ZONING

R2

APN/PARCEL ID

439-262-21

ASK ABOUT THIS PROPERTY

951-756-0448

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951-756-0448

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