1586 Orange, Costa Mesa, California 92627, Costa Mesa, 92627 - 2 bed, 1 bath
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Costa Mesa, California 92627
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.
Property is land value only, full reconstruction required.
Built in 1941, this property is explicitly marketed as a teardown and a development opportunity for its R2-zoned lot. The existing 828 sqft structure is obsolete, lacks modern amenities, and shows significant physical depreciation. The listing description encourages developers to 'bring your shovel,' and the absence of interior images further indicates that the structure holds no residential value, with the listing price based entirely on the land's redevelopment potential.
The property is zoned R2 on a generous 6,098 sqft lot, providing a rare and lucrative opportunity for multi-family residential development in a high-demand market.
Nestled in one of Costa Mesa's most desirable neighborhoods, the location offers exceptional proximity to world-class beaches, trendy retail, and popular dining destinations.
The property is located within the highly-regarded Newport Mesa Unified School District, featuring top-rated institutions such as Mariners Elementary and Newport Harbor High School.
With a list price of nearly $1.6M for what is essentially a teardown, developers must account for significant additional capital for demolition and new construction.
Built in 1941, the current 828 sqft home is undersized and lacks modern amenities, offering little to no value for buyers seeking a move-in ready residence.
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.
No exterior & parking available.
Grades PK-6 • 1.0 mi
Grades PK-2 • 1.2 mi
Grades 3-6 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 15% |
| Baths | 1.0 | 3.0 | 10% |
| Square foot | 828 | 1,733 | 1% |
| Lot Size | 6,098 | 6,794.5 | 36% |
| Price | $1.60M | $1.65M | 45% |
| Price per sq ft | $1.9K | $1.1K | 96% |
| Built year | 1941 | 1956 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 56 | 163 | 14% |
Feb 25, 2026
$1,599,000
Initial Listing