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
1/8
null | 3.54% Cap Rate

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


HIGHLIGHTS

  • (7) Single-Story Cottages in Eastside Costa Mesa
  • All Two-Bedroom Units (Spacious Floorplans Avg. 899 SF)
  • Value-Add Opportunity
  • First Time on Market in Over 20 Years
  • Recent Capital Improvements
  • Desirable Eastside Costa Mesa Location

OVERVIEW

Rare Eastside Costa Mesa opportunity featuring 100% single-story, two-bedroom cottage units with no shared living walls for exceptional privacy. First time on the market in over 20 years, this well-maintained 7-unit property offers strong value-add potential with rents approximately 31% below market. Recent improvements include new roofs on all buildings. Prime location near top dining, retail, and just minutes from Newport Beach.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$715 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

19,166 SF

ZONING

R2

APN/PARCEL ID

439-262-20

ASK ABOUT THIS PROPERTY

951-756-0448

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951-756-0448

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