1550 Orange Avenue, Costa Mesa, CA 92627
- $3,799,000
- List Price
- $3,799,000
- Status
- ACTIVE
- MLS#
- PW26226196
- Year Built
- 1948
- Lot Size
- 8,760
- Acres
- 0.20
- Lot Location
- Corner Lot
- Days on Market
- 9
- Property Type
- Multifamily
- Style
- Bungalow
- Property Sub Type
- Triplex
- Stories
- One Level
- Neighborhood
- Eastside Heights (Ehcm)
Property Description
1550 & 1554 Orange Ave includes six updated beach bungalows on a corner lot in a prime Eastside Costa Mesa location. These are two side-by-side triplexes on two separate parcels with two APNs, so each one can be financed conventionally. Buy both together, finance each separately, and keep more options open when it’s time to refinance or sell. All six are single-story 1-bed/1-bath units with a private yard and an assigned parking space, plus an on-site laundry room. The heavy lifting is done: updated electrical and plumbing, new water heaters, a new concrete driveway, and fresh exterior paint. Unit upgrades vary and include new cabinets and/or vanities, new flooring, and mini-split A/C and heat in every unit. 1554 #B is freshly renovated with a conservative pro forma rent of $2,800. Six electric meters, five gas meters, and two water meters. Newport Beach starts a few blocks away... an easy beach cruiser ride to the sand. The 17th Street shops and restaurants, South Coast Plaza, and the 55/73/405 freeways are minutes away.
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Additional Information
- Pool Description
- None
- Heat
- Ductless
- Cooling
- Yes
- Cooling Description
- Ductless
- View
- Neighborhood
- Roof
- Composition
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 6
- Gross Scheduled Income
- $203,400
- Operating Expense
- 54547
Listing courtesy of Listing Agent: Christian Walsh (cw@wireassociates.com) from Listing Office: Berkshire Hathaway HomeServices California Properties.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.