1586 Orange, Costa Mesa, California 92627, Costa Mesa, 92627 - 2 bed, 1 bath
1586 Orange
Costa Mesa, California 92627
Property Price
SUMMARY
Analysis of 1586 Orange, Costa Mesa, California 92627 is currently available with a list price of $1,599,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Costa Mesa Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
The property is explicitly marketed as a development opportunity and a 'rare gem of a lot' for new construction. Built in 1941, the existing 828 sqft structure is described as an obsolete existing structure that necessitates a complete teardown to utilize the R2 zoning. The value is entirely in the land and its potential for multi-family redevelopment.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The property is zoned R2, allowing for multi-family residential development, which provides a rare opportunity for developers to build high-value new constructions in a prime area.
- Highly Desirable Location
Situated in the sought-after Eastside Heights neighborhood, the lot offers excellent proximity to trendy dining, vibrant local amenities, and Southern California's premier beaches.
- Top-Rated School District
The property is served by the prestigious Newport Mesa Unified School District, with access to high-ranking schools such as Mariners Elementary and Newport Harbor High School.
CONSRISKS & DEFICIENCIES
- High Entry Price for Land
At nearly $1.6 million for a lot-value property, the high acquisition cost requires a significant additional investment for demolition and construction to achieve a return on investment.
- Obsolete Existing Structure
The current 1941 residence is small and significantly dated, offering little to no immediate utility for a traditional homebuyer and likely necessitating a complete teardown.
About 1586 Orange
Presenting a rare gem of a lot in one of the most sought-after areas of Costa Mesa, this prime real estate offering is perfectly situated in Eastside Heights, providing a unique canvas for visionary developers ready to create innovative new constructions. Zoned R2, the property allows for multi-family residential development. Nestled in a thriving neighborhood, this lot boasts proximity to vibrant local amenities, sandy beaches, and trendy dining options, ensuring future residents enjoy a desirable lifestyle. With ample space to bring your vision to life, the lot invites creative designs. Bring your shovel and ideas; this is a rare opportunity to shape the future of this already vibrant Eastside Heights with your unique design concepts. Don't miss out on this exceptional offering secure your piece of Costa Mesa while it’s available.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1941
- Lot Size
- 6,098 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Costa Mesa Unified Schools
Mariners Elementary School
Grades PK-6 • 1.0 mi
Woodland Elementary School
Grades PK-2 • 1.2 mi
Heinz Kaiser Elementary School
Grades 3-6 • 1.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 13% |
| Baths | 1.0 | 3.0 | 9% |
| Square foot | 828 | 1,752.5 | 1% |
| Lot Size | 6,098 | 6,359.5 | 38% |
| Price | $1.60M | $1.65M | 43% |
| Price per sq ft | $1.9K | $1.0K | 99% |
| Built year | 1941 | 1957 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 157 | 1% |
Pricing History
Listed for Sale
Feb 25, 2026
$1,599,000
Initial Listing