1580 Orange Avenue, Costa Mesa, CA 92627

$3,357,710

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Sold Price
$3,357,710
List Price
$2,995,000
Closing Date
Feb 16, 2024
Status
CLOSED
MLS#
NP24011022
Year Built
1940
Lot Size
9,226
Acres
0.21
Lot Location
Back Yard, Corner Lot, Drip Irrigation/Bubblers, Front Yard, Sprinklers In Rear, Sprinklers In Front, Lawn, Landscaped, Level, Near Park, Rectangular Lot, Sprinklers Timer, Sprinkler System
Days on Market
7
Property Type
Multifamily
Style
Bungalow, Cottage
Property Sub Type
Triplex
Stories
One Level
Neighborhood
Eastside Heights (Ehcm)

Property Description

The perfect Costa Mesa triplex located on a sunny corner lot. Great owner user opportunity or rent all 3 units with current gross rents of $192,000/year. The front detached unit 1580 Orange is a charming black bungalow (on approx. 4,000 s/f lot), the duplex faces Knox place (on approx. 5,500 s/f lot). With 220' of street frontage each unit feels like a single family residence. The front unit (3 bedroom/2 baths) has been completely reimagined with no expense sparred and has never been lived in since it's redo. The duplex consists of two 2bd/1bath units both of which have been completely remodeled in 2023. With 11 total parking spots (1 garage, 3 carports and 7 open) there is ample parking. As you step into 1580 Orange through a cedar wood fence and a white Oak wood Dutch door, the functional and flowing floor plan provide a beach chic vibe. The breakfast peninsula welcomes you to a brand-new kitchen that was designed with white Cafe appliances, custom Moroccan Zellige tile work, and unique details such as a plaster hood, farmhouse sink and open white oak shelving. French doors open to a private wood deck space lined with ficus, and the back and side yard are perfect for a cold plunge and outdoor sauna. The master and guest bathrooms feature high-end custom tile, and the indoor laundry room is discreetly tucked behind a pocket door with custom cabinetry inside. A well-known local landscape designer has crafted the new cedar wood fencing and landscaping, providing an ideal space for relaxation and entertainment. With a EV charger and new HVAC system, this property seamlessly combines style and functionality. The property is located in one of the most desirable rental markets in Orange County, 1 mile from the shores of Newport Beach, 1 block from 17th street and a half block to local park.

Additional Information

Appliances
6 Burner Stove, Built-In Range, Convection Oven, Dishwasher, ENERGY STAR Qualified Appliances, Gas Cooktop, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Range Hood, Tankless Water Heater, Vented Exhaust Fan, Dryer, Washer
Pool Description
None
Heat
Central, Ductless, ENERGY STAR Qualified Equipment, Forced Air
Cooling
Yes
Cooling Description
Central Air, Ductless, ENERGY STAR Qualified Equipment, Gas
View
None
Roof
Composition
Garage Spaces Total
1
Sewer
Public Sewer
Water
Public
Interior Features
Block Walls, Stone Counters, Recessed Lighting, Storage, Attic
Attached Structure
Detached
Number Of Units Total
3
Gross Scheduled Income
$192,000

Listing courtesy of Listing Agent: Derek Winberry (dwinberry@w-realtygroup.com) from Listing Office: The W Realty Group.

Listing sold by Justin Kuo from eXp Realty of California Inc

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.