2134 Orange Ave, Costa Mesa, CA 92627
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2134 Orange Ave Costa Mesa, CA 92627

$4,700,000 Sold Price as of 11/13/2023
  • 17 Beds
  • 13.5 Baths
  • 10,050 Sq.Ft.
Sold
$4,700,000 Sold Price as of 11/13/2023 Refinance Your Mortgage

Map preview of 2134 Orange Ave, Costa Mesa, CA 92627

Property Overview: 2134 Orange Ave Costa Mesa, CA has 17 bedrooms, 13.5 bathrooms, 10,050 living square feet and 23,522 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: A superb investment opportunity in the Eastside of Costa Mesa, the Orange Avenue Apartments boasts eight generously sized apartment units and one non-conforming studio, offering immediate potential by converting the existing 3-car garage into one or two ADUs, complete with yards and existing assigned covered parking spaces. Architecturally, it blends single-story cottages at the front with two-story buildings at the rear, and each unit comes equipped with washer and dryer hookups, along with either a balcony or a yard. Consistent care and maintenance are evident throughout the property, from a well-maintained concrete driveway to recent interior unit renovations. Capital expenditures have included essential tasks such as full-tenting, wood repairs, and targeted roof replacements to ensure ongoing quality. Parking convenience is abundant, with a total of 23 spaces, including 15 garages, six surface spaces, and two tuck-under spaces. Each unit also comes with either a double-car garage or an attached single-car garage with an assigned open parking space. Additional surface and covered parking spaces are available for rent, and the property provides a substantial parking ratio of 2.5:1. Among the units, a noteworthy standout is the three-bedroom townhouse, featuring a spacious floor plan, a fireplace, a private pool and spa area, a sizable backyard, and a two-car attached garage. Location-wise, Orange Avenue Apartments enjoy a prime position in Eastside Costa Mesa, offering easy access to coastal destinations, dining establishments, and entertainment venues. The neighborhood also boasts quality schools, proximity to employment centers, and a wealth of recreational activities. For property viewings, please note that they are available via drive-by only, and we kindly request that you refrain from walking the property or disturbing residents. To inquire further or schedule visits, please reach out to our dedicated Listing Agents, we greatly appreciate your respect for resident privacy.

Listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest
Co-listed by WMichael Cavner | BRE #01274709 | William Michael Cavner, Broker
Last checked: 7 minutes ago | Last updated: November 14th, 2023 | Source CRMLS | DOM: 78

Home details

Lot Sq. Ft
23,522
HOA Dues
$0/mo
Year built
1954
Garage
15 Car
Property Type:
Apartment
Status
Sold
MLS#
OC23114811
City
Costa Mesa
County
Orange
Time on Site
306 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 4
  • # of Leased Units: 9
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,285
  • Total Rent: $1,285
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 7
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,299
  • Total Rent: $9,196
  • Pro Forma/Market Rent: $14,800
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 6
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,627
  • Total Rent: $7,880
  • Pro Forma/Market Rent: $11,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,455
  • Total Rent: $3,455
  • Pro Forma/Market Rent: $5,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.32%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $261,792
  • Net Operating Income: $166,199
  • Gross Operating Income: $253,938
  • Vacancy Allowance: $7,854
  • Laundry Income: $394
  • Other Income 1: $500
  • Other Income Description: Miscellaneous
Annual Expense Breakdown
  • Total Operating Expense: $88,634
  • Electric: $2,355
  • Gas/Fuel: $1,166
  • Licenses: $1,521
  • New Taxes: $52,588
  • Trash: $7,440
  • Gardener: $3,300
  • Insurance: $6,533
  • Maintenance: $4,800
  • Professional Management: $0
  • Water/Sewer: $1,894
  • Other Expenses: $7,037
  • Other Expense Description: Misc

Property Details for 2134 Orange Ave

Interior Features
Laundry Information
  • Has Laundry
  • In Garage, Washer Hookup
Interior Features
  • Levels: One, Two
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
Exterior Features
  • Has Pool
  • Pool Features: Private
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 15
  • # of Parking Spaces: 23
Lot Information
  • Lot Features: Lawn, Level with Street, Yard
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 9
  • Parcel Number: 42614141
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Special Assessments
Location / Neighborhood
Location Information
  • Directions: Nearby Cross Streets: Merrill Place & Orange Avenue
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks
View more facts & features

Local Costa Mesa Agent

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Sale History for 2134 Orange Ave

Last sold for $4,700,000 on November 13th, 2023
  • November, 2023

  • Nov 13, 2023

    Date

    Sold

    CRMLS: OC23114811

    $4,700,000

    Price

  • Jul 5, 2023

    Date

    Active

    CRMLS: OC23114811

    $5,400,000

    Price

  • December, 2004

  • Dec 23, 2004

    Date

    Sold (Public Records)

    Public Records

    $2,205,000

    Price

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Tax History for 2134 Orange Ave

Assessed Value (2020): $2,731,344
Year Land Value Improved Value Assessed Value
2020 $2,185,075 $546,269 $2,731,344

Home Value Compared to the Market

This property vs the competition

2134 Orange Ave sold on November 13, 2023 for 264.96% higher than the current median sold price for the city of Costa Mesa which is $1,370,000. The median sold price per/sqft for Costa Mesa is $783 and this home is sold at $497.51 per/sqft which puts the price per square foot 36.46% lower than the current median sale per square foot for the city of Costa Mesa.

About 2134 Orange Ave

Detailed summary of property

2134 Orange Ave is a apartment that recently sold in Costa Mesa, CA 92627. This apartment offered 17 bedrooms, 13.5 bathrooms, roughly 10,050 living square feet, and sits on an approximately 23,522 square foot lot. 2134 Orange Ave was first listed on ArdentRealEstateGroup.com on July 5, 2023. The homeowner sold the property for $4,700,000. Home in Costa Mesa are selling for a median price of $1,370,000 and a median price per square foot of $783. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is sold 264.96% higher than the current median priced home. Local homes that are currently for sale include 219 E Bay Ave, 7851 Glencoe Dr and 246 Fairview St. While the average home in Costa Mesa, CA is selling in 29 days, 2134 Orange Ave has a days on market of 78 days. There are currently 117 homes for sale in the Costa Mesa real estate market and 88 of them are single family homes while 11 of them are condos and 18 are townhomes. For more information on this home for sale at 2134 Orange Ave Costa Mesa, CA 92627 contact Ardent Real Estate Group and we will put you in touch with one of our Costa Mesa agents.

Public Facts for 2134 Orange Ave

Public county record property details
Beds
--
Baths
--
Year built
1954
Sq. Ft.
5,206
Lot Size
23,478
Stories
2
Type
Residential (General) (Single)
Pool
No
Spa
No
County
Orange
Lot#
263
APN
426-141-41

The source for these homes facts are from public records.

92627 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,399,000
Median List Price/Sq.Ft.
$843
Median Sold Price
$1,500,000
Median Sold Price/Sq.Ft.
$788
Total Inventory
70
Median Sale to List Price %
100%
Avg Days on Market
28
Loan Type
Conventional (44.44%), FHA (0%), VA (0%), Cash (38.89%), Other (16.67%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.