2113 Federal Avenue, Costa Mesa, California 92627, Costa Mesa, 92627 - 3 bed, 2 bath
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2113 Federal Avenue
Costa Mesa, California 92627
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,249Sq Ft
7,700Lot Size
Property Price
LIST PRICE$1,395,000
EST. MARKET VALUE
$1,467,416
4% BelowMARKET VALUE
SUMMARY
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $1,395,000—positioned well below the $1,467,417 Fair Market Value by 4%. This valuation gap offers $72,417 in Instant Equity for the buyer. Featuring a Mint Condition Rating, the home includes a remodeled kitchen, upgraded stainless steel appliances, and an expansive 7,700-square-foot lot with RV/boat parking. Located in the Newport Mesa Unified district, this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready coastal lifestyle.
Estimated Market Value
$1,467,416+$72,416 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Costa Mesa.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2113 Federal Avenue Subject | $1,395,000* List Price | 3 | 2 | 1,249 | $1,175 | - |
A 871 Joann Sold | $1,300,000 | 3 | 2 | 1,040 | $1,250 | 0.4 mi |
B 1940 Monrovia Sold | $1,339,000 | 3 | 2 | 1,236 | $1,083 | 0.4 mi |
C 913 Evergreen Place Sold | $1,650,000 | 2 | 2 | 1,350 | $1,222 | 0.4 mi |
D 2136 Parsons Sold | $1,335,000 | 3 | 2 | 1,296 | $1,030 | 1.0 mi |
E 686 Governor St Sold | $1,300,000 | 4 | 2 | 1,432 | $908 | 0.5 mi |
F 1953 Maple Sold | $1,340,000 | 3 | 2 | 1,377 | $973 | 0.8 mi |
G 2110 President Sold | $1,699,000 | 3 | 2 | 1,550 | $1,096 | 0.9 mi |
H 886 Joann Street Pending | $1,299,999 List Price | 3 | 2 | 1,040 | $1,250 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1953, the home has undergone a high-end modern renovation likely within the last 5 years. It features a remodeled kitchen with upgraded stainless steel appliances, contemporary wood-look tile flooring, recessed lighting, and updated fixtures, putting it in mint, move-in ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7700, living area = 1249.
- Great Schools
Elementary School: Hyer Elementary School (10/10). High School: Highland Park High School (9/10).
- Expansive Lot and Outdoor Living
The property sits on a generous 7,700-square-foot lot featuring mature fruit trees, vegetable gardens, and chicken coops, providing a rare and versatile private retreat in a coastal neighborhood.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
- Reduced Bedroom Count
Originally designed as a 4-bedroom residence, the conversion to a 3-bedroom layout may limit appeal for larger families or buyers requiring more partitioned living spaces.
- Limited Interior Square Footage
At 1,249 square feet, the interior living area is relatively compact for the price point, which may feel restrictive despite the large size of the surrounding lot.
About 2113 Federal Avenue
Welcome to this charming 3-bedroom, 2-bathroom home at 2113 Federal Ave in Costa Mesa, situated on an expansive 7,700-square-foot lot in a highly desirable neighborhood. Originally designed as a 4-bedroom home, the previous owners thoughtfully expanded one bedroom to create a spacious living area. The home features beautiful flooring throughout, a remodeled kitchen with upgraded stainless steel appliances, and inviting indoor and outdoor living spaces. Outside, the oversized driveway provides abundant parking for multiple vehicles, including ample space for an RV, boat, or other recreational vehicles. The beautifully landscaped front and backyard offer mature fruit trees, vegetable gardens, and 2 chicken coops, creating a private and versatile outdoor retreat. Ideally located near the beaches of Newport Beach and Huntington Beach, as well as shopping, dining, parks, and convenient local amenities, this home offers a wonderful opportunity to enjoy the best of Costa Mesa living.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1953
- Lot Size
- 7,700 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Costa Mesa Unified Schools
Wilson Elementary School
Grades PK-6 • 0.3 mi
3/10
Victoria Elementary School
Grades PK-6 • 0.4 mi
6/10
Pomona Elementary School
Grades PK-6 • 0.4 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.6 |
| Square foot | 1,249 | 1,773.938 |
| Lot Size | 7,700 | 6,573.577 |
| Price | $1.40M | $1.69M |
| Price per sq ft | $1.1K | $976 |
| Built year | 1953 | 1961 |
| HOA | $0 | $342 |
| Days on market | 19 | 51 |
Pricing History
Listed for Sale
Aug 21, 2026
$1,395,000
Initial Listing
Sold
Jul 22, 2021
$1,200,000
Public Record
Sold
Jan 27, 2016
$625,000
Public Record