1612 Orange, Costa Mesa, California 92627, Costa Mesa, 92627 - bed, bath
ACTIVE$1,295,000$1,476/sqft
1612 Orange, Costa Mesa, California 92627
0Bed
0Bath
1,476Sqft
6,756Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Investment Potential: Explicitly marketed as a 'Great investment opportunity' with 'strong rental demand in the area' and 'plenty of room for upside,' indicating significant potential for appreciation and income growth.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1476, other record living area = 738.
Compared to the nearby listings
Price:$1.29M vs avg $1.67M ($-375,000)18%
Size:1,476 sqft vs avg 1,868 sqft18%
Price/sqft:$877 vs avg $87750%
More Insights
Built in 1957 (69 years old).
Condition: Built in 1957, the property has received recent cosmetic updates like fresh paint and new carpet, making it move-in ready for tenants. However, the kitchens and bathrooms, particularly the green tiled countertops in one unit and the dated linoleum flooring and vanity in the other, show significant signs of being outdated. Heating is via wall units, and windows appear older. While functional and maintained, it requires substantial updates to kitchens, bathrooms, and potentially major systems to meet current quality standards and appeal.
Year Built
1957
Close
-
List price
$1.29M
Original List price
$1.29M
Price/Sqft
$877
HOA
-
Days on market
-
Sold On
-
MLS number
PW26000843
Home ConditionFair
Features
View-
About this home
Great investment opportunity just over one mile from the shoreline of Newport Beach. This duplex features two identical units, each offering 2 bedrooms and 1 bathroom, a nice-sized kitchen with laundry hookups and eating area, and access to a large park-like backyard. The property also includes a 2-car garage and plenty of additional parking. Both units are vacant, freshly painted, and have new carpet installed, making them ready for new occupants. With strong rental demand in the area and plenty of room for upside, this is a property you won’t want to miss.
S
Steve Leitner
Listing Agent
Nearby schools
8/10
Mariners Elementary School
Public,•PK-6•0.9mi
/10
Woodland Elementary School
Public,•PK-2•1.2mi
8/10
Heinz Kaiser Elementary School
Public,•3-6•1.3mi
8/10
Newport Heights Elementary School
Public,•K-6•1.7mi
4/10
Monroe Elementary School
Public,•K-5•6.5mi
7/10
Horace Ensign Intermediate School
Public,•7-8•1.0mi
3/10
Mcfadden Intermediate School
Public,•6-8•5.5mi
7/10
Newport Harbor High School
Public,•9-12•0.8mi
3/10
Century High School
Public,•9-12•7.9mi
Condition Rating
Fair
Built in 1957, the property has received recent cosmetic updates like fresh paint and new carpet, making it move-in ready for tenants. However, the kitchens and bathrooms, particularly the green tiled countertops in one unit and the dated linoleum flooring and vanity in the other, show significant signs of being outdated. Heating is via wall units, and windows appear older. While functional and maintained, it requires substantial updates to kitchens, bathrooms, and potentially major systems to meet current quality standards and appeal.
Pros & Cons
Pros
Strong Investment Potential: Explicitly marketed as a 'Great investment opportunity' with 'strong rental demand in the area' and 'plenty of room for upside,' indicating significant potential for appreciation and income growth.
Desirable Coastal Proximity: Located 'just over one mile from the shoreline of Newport Beach,' offering an attractive lifestyle for tenants and supporting higher rental rates due to its prime location.
Dual Income Duplex Configuration: Features two identical 2-bedroom, 1-bathroom units, providing diversified rental income streams and potentially higher cash flow compared to a single-family property.
Ready-to-Rent Condition: Both units are 'vacant, freshly painted, and have new carpet installed,' allowing for immediate tenant placement and income generation without significant upfront renovation costs.
Generous Parking & Outdoor Space: Includes a '2-car garage and plenty of additional parking,' along with access to a 'large park-like backyard,' enhancing tenant appeal and property utility.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1476, other record living area = 738.
Property Age & Potential System Updates: Built in 1957, the property is over 65 years old, which may indicate a need for updates to major systems (e.g., plumbing, electrical, roof, HVAC) that are not explicitly mentioned as being recently replaced.
Smaller Unit Footprint: With a total of 1476 sqft for two 2-bedroom, 1-bathroom units, each unit is approximately 738 sqft, which is relatively compact and might limit the tenant demographic or rental income potential compared to larger units.
Limited Modernization Details: Beyond fresh paint and new carpet, the description does not specify any significant modern upgrades to kitchens, bathrooms, or other interior features, suggesting potential for future renovation expenses to maximize rental value.