2040 Orange Avenue, Costa Mesa, CA 92627

About this property

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!

Listing description from the February 2015 sale, as reported to CRMLS.

Sale history

$1,400,000

Sold February 2015 · listed $1,470,000, on market January 2015 · MLS #NP15004232 · Source: CRMLS

Listing Agent: Michelle Linovitz · Listing Office: HOM Sotheby's International R · Contact: 949-554-1200 · Bought with: Grant Bixby · Villa Real Estate

$1,100,000

Sold March 2014 · listed $1,395,000, orig. $1,516,275, on market January 2014 · MLS #SW14014685 · Source: CRMLS

Listing Agent: Lori Fenton · Listing Office: Century 21 Wright · Contact: 951-694-5300 · Bought with: Christian Walsh · Coldwell Banker Residential B

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