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2417 Orange Ave, Costa Mesa, CA 92627
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2417 Orange Ave Costa Mesa, CA 92627

$3,350,000 Sold Price as of 04/06/2021
  • 11 Beds
  • 7 Baths
  • 5,776 Sq.Ft.
Sold
$3,350,000 Sold Price as of 04/06/2021 Refinance Your Mortgage
Map preview of 2417 Orange Ave, Costa Mesa, CA 92627

Property Overview: 2417 Orange Ave Costa Mesa, CA has 11 bedrooms, 7 bathrooms, 5,776 living square feet and 19,769 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present the sale of 2417 Orange Ave, located in Eastside Costa Mesa. This 6 unit investment property sits on an approximate 20,000 square foot lot and features a favorable unit mix of (1) 2 bed / 2 bath unit, (4) 2 bed/ 1 bath units, and (1) 1 bed/ 1 bath unit. Each unit is separately metered for gas and electricity, includes in unit laundry (1 bedroom unit hook-ups in garage), AC, recessed lighting, and private yard space. There are (2) single car garages, (2) two car garages, and six additional on site parking spaces. 2417 Orange Ave, located in one of the strongest rental markets in orange County and offers tenants close proximity to major freeways, John Wayne Airport, world class beaches, and all the amenities 17th street has to offer. This asset will be delivered vacant and offers multiple opportunities for an investor looking to grow their real estate portfolio, or an owner user looking to live in a unit while generating strong income from the other units. This is one investment property you do not want to miss!

Listed by Timothy Carr | BRE #01017277 | Villa Real Estate
Co-listed by Jon Flagg | BRE #01316048 | Villa Real Estate
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 9

Home details

Lot Sq. Ft
19,769
HOA Dues
$0/mo
Year built
1954
Garage
6 Car
Property Type:
Multi Family
Status
Sold
MLS#
NP21026676
City
Costa Mesa
County
Orange
Time on Site
1193 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 3
  • # of Leased Units: 0
  • # of Electric Meters: 7
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 3
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $192,000
  • Net Operating Income: $131,080
  • Gross Operating Income: --
  • Laundry Income: $0
  • Laundry Own/Lease: Own
  • Other Income 1: $0
Annual Expense Breakdown
  • Total Operating Expense: $55,150
  • Electric: $1,500
  • New Taxes: $36,750
  • Trash: $2,400
  • Gardener: $3,000
  • Insurance: $2,500
  • Professional Management: $0
  • Water/Sewer: $3,000

Property Details for 2417 Orange Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • In Garage, In Kitchen
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Tile
  • Kitchen, Living Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Gas Range, Refrigerator
Interior Features
  • Recessed Lighting
  • Levels: One, Two
  • Window Features: Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: Garage - Single Door, Garage - Two Door, On Site
Lot Information
  • Lot Features: Back Yard, Landscaped, Lawn, Lot 10000-19999 Sqft, Sprinkler System
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 6
  • Parcel Number: 43929134
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside Central (ECCM)
  • Directions: Orange Ave in between Santa Isabel and Monte Vista
Neighborhood Information
  • Community Features: Biking, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Costa Mesa Agent

Sale History for 2417 Orange Ave

Last sold for $3,350,000 on April 6th, 2021

  • April, 2021

  • Apr 7, 2021

    Date

    Sold

    CRMLS: NP21026676

    $3,350,000

    Price

  • Mar 30, 2021

    Date

    Pending

    CRMLS: NP21026676

    $3,500,000

    Price

  • Feb 27, 2021

    Date

    Active Under Contract

    CRMLS: NP21026676

    $3,500,000

    Price

  • Feb 16, 2021

    Date

    Active

    CRMLS: NP21026676

    $3,500,000

    Price

  • Feb 11, 2021

    Date

    Coming Soon

    CRMLS: NP21026676

    $3,500,000

    Price

  • July, 2009

  • Jul 28, 2009

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • April, 2004

  • Apr 1, 2004

    Date

    Sold (Public Records)

    Public Records

    $1,830,000

    Price

Show More

Tax History for 2417 Orange Ave

Assessed Value (2020): $1,962,091
Year Land Value Improved Value Assessed Value
2020 $1,491,189 $470,902 $1,962,091

Home Value Compared to the Market

This property vs the competition

2417 Orange Ave sold on April 6, 2021 for 155.47% 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 $605.96 per/sqft which puts the price per square foot 22.61% lower than the current median sale per square foot for the city of Costa Mesa.

About 2417 Orange Ave

Detailed summary of property

2417 Orange Ave is a multi family that recently sold in Costa Mesa, CA 92627. This multi family property offered 11 bedrooms, 7 bathrooms, roughly 5,776 living square feet, and sits on an approximately 19,769 square foot lot. 2417 Orange Ave was first listed on ArdentRealEstateGroup.com on February 11, 2021. The homeowner sold the property for $3,350,000. 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 155.47% higher than the current median priced home. Local homes that are currently for sale include 12702 Morningside Ave, 12621 Morningside Ave and 16172 Malaga Ln. While the average home in Costa Mesa, CA is selling in 32 days, 2417 Orange Ave has a days on market of 9 days. There are currently 116 homes for sale in the Costa Mesa real estate market and 92 of them are single family homes while 8 of them are condos and 16 are townhomes. For more information on this home for sale at 2417 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 2417 Orange Ave

Public county record property details
Beds
2
Baths
1
Year built
1954
Sq. Ft.
866
Lot Size
19,360
Stories
1
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
Orange
Lot#
110
APN
439-291-34

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
$1,495,000
Median List Price/Sq.Ft.
$869
Median Sold Price
$1,500,000
Median Sold Price/Sq.Ft.
$788
Total Inventory
66
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%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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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.

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