Description

2515 Orange Avenue presents a three-unit multifamily investment in Costa Mesa’s Eastside neighborhood near Newport Beach. The property contains approximately 3,307 square feet on a 0.19-acre parcel and is configured with three single-story, three-bedroom/two-bath residences averaging about 1,100 square feet each. Each residence has dedicated covered parking plus an additional open space, for six parking spaces in total.

Built in 1964, the property benefits from a recently installed 2026 roof and a location near coastal employment, shopping, dining, and major Orange County transportation routes. The offering is priced at $2,450,000, or approximately $816,667 per unit, and reports net operating income of $69,374 and a 2.83% capitalization rate. This is an opportunity to acquire a low-density multifamily asset with an uncommon three-bedroom unit mix in a supply-constrained Costa Mesa submarket.