2121 Orange Avenue, Costa Mesa, California 92627, Costa Mesa, 92627 - bed, bath
ACTIVE$2,095,000$2,074/sqft
2121 Orange Avenue, Costa Mesa, California 92627
0Bed
0Bath
2,074Sqft
7,841Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Investment Opportunity: A well-maintained triplex in a highly desirable Eastside Costa Mesa neighborhood, offering multiple income streams and strong rental demand.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2074, other record living area = 1582.
Compared to the nearby listings
Price:$2.10M vs avg $1.70M (+$395,000)73%
Size:2,074 sqft vs avg 2,074 sqft50%
Price/sqft:$1.0K vs avg $97682%
More Insights
Built in 1976 (50 years old).
Condition: Built in 1976, this triplex has undergone significant updates that make it move-in ready. Each unit features modern amenities such as dual-pane windows, stainless steel appliances, recessed lighting, and private laundry hookups. While the kitchen cabinets and some bathroom vanities reflect a renovation style from 15-20 years ago, other bathrooms appear more recently updated and modern. The property is well-maintained, and all major systems appear functional. The primary drawback is the lack of central air conditioning, with window units visible in some images, which is a notable weakness but does not detract from the overall 'good' condition given the other substantial updates.
Year Built
1976
Close
-
List price
$2.1M
Original List price
$2.1M
Price/Sqft
$1,010
HOA
-
Days on market
-
Sold On
-
MLS number
NP25277540
Home ConditionGood
Features
Deck
Patio
View-
About this home
We are pleased to present the sale of 2121 Orange Ave, a well-maintained three-unit multifamily property located in the highly desirable Eastside Costa Mesa neighborhood. The property is comprised of (2) 1-bedroom/1-bathroom units and (1) 2-bedroom/2-bathroom unit. Both 1-bedroom units offer private patios, while the rear 2-bedroom unit includes a spacious private backyard. Each unit features dual-pane windows, stainless steel appliances, recessed lighting, private laundry hookups, generous outdoor space, and separate gas and electricity meters. Ideally situated, this asset provides close proximity to local parks, beaches, top-rated schools, and the abundant dining, shopping, and amenities along 17th Street.
C
Christopher Maddy
Listing Agent
Nearby schools
8/10
Heinz Kaiser Elementary School
Public,•3-6•0.3mi
/10
Woodland Elementary School
Public,•PK-2•0.5mi
8/10
Mariners Elementary School
Public,•PK-6•1.2mi
8/10
Newport Heights Elementary School
Public,•K-6•2.8mi
4/10
Monroe Elementary School
Public,•K-5•5.2mi
7/10
Horace Ensign Intermediate School
Public,•7-8•2.1mi
3/10
Mcfadden Intermediate School
Public,•6-8•4.4mi
7/10
Newport Harbor High School
Public,•9-12•1.7mi
3/10
Century High School
Public,•9-12•6.6mi
Price History
Date
Event
Price
12/22/97
Sold
$67,000
Condition Rating
Good
Built in 1976, this triplex has undergone significant updates that make it move-in ready. Each unit features modern amenities such as dual-pane windows, stainless steel appliances, recessed lighting, and private laundry hookups. While the kitchen cabinets and some bathroom vanities reflect a renovation style from 15-20 years ago, other bathrooms appear more recently updated and modern. The property is well-maintained, and all major systems appear functional. The primary drawback is the lack of central air conditioning, with window units visible in some images, which is a notable weakness but does not detract from the overall 'good' condition given the other substantial updates.
Pros & Cons
Pros
Prime Investment Opportunity: A well-maintained triplex in a highly desirable Eastside Costa Mesa neighborhood, offering multiple income streams and strong rental demand.
Exceptional Location Amenities: Proximity to local parks, beaches, top-rated schools, and vibrant dining/shopping along 17th Street enhances tenant appeal and property value.
Modern Unit Features: Each unit boasts desirable amenities such as dual-pane windows, stainless steel appliances, recessed lighting, and private laundry hookups, attracting quality tenants.
Individual Utility Metering: Separate gas and electricity meters for each unit simplify tenant billing and reduce landlord operating expenses.
Private Outdoor Spaces: Generous private patios for 1-bedroom units and a spacious private backyard for the 2-bedroom unit provide valuable outdoor living space, a significant draw for renters.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2074, other record living area = 1582.
Property Age: Built in 1976, the property is nearly 50 years old, which may imply potential for future capital expenditures on major systems (e.g., plumbing, electrical, roof) not explicitly mentioned as recently updated.
Lack of Central Air Conditioning: No mention of a cooling system could be a significant drawback for tenants, especially during warmer months in Southern California, potentially impacting rental rates or tenant satisfaction.
Unit Mix Concentration: Two of the three units are 1-bedroom, which might limit the target tenant demographic compared to properties with a higher proportion of larger units, depending on local market demand.