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2518 Orange Ave, Costa Mesa, CA 92627
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2518 Orange Ave Costa Mesa, CA 92627

$5,250,000 Sold Price as of 02/10/2023
  • 22 Beds
  • 13.25 Baths
  • 10,316 Sq.Ft.
Sold
$5,250,000 Sold Price as of 02/10/2023 Refinance Your Mortgage
Map preview of 2518 Orange Ave, Costa Mesa, CA 92627

Property Overview: 2518 Orange Ave Costa Mesa, CA has 22 bedrooms, 13.25 bathrooms, 10,316 living square feet and 30,202 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Reduced 500k, Back on the Market. The subject property is a very attractive pride of ownership complex is located in East Side of Costa Mesa, First time on the Market. 8 single- level bungalows with attached garage and has washer, dryer hook ups. One Townhouse style has 3 bedrooms 2 3/4 bath 2 car garage. One Townhouse style 3 bedroom 2 1/2 bath and 2 car Garage. Additional one car garage is for owners storage. lot size is 30,202.

Listed by Moe Usman | BRE #01301545 | A1 Realty, Inc.
Co-listed by Scott Urschel | BRE #01012626 | A1 Realty, Inc.
Last checked: 15 minutes ago | Last updated: February 11th, 2023 | Source CRMLS | DOM: 27

Home details

Lot Sq. Ft
30,202
HOA Dues
$0/mo
Year built
1959
Garage
12 Car
Property Type:
Apartment
Status
Sold
MLS#
NP22223994
City
Costa Mesa
County
Orange
Time on Site
566 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 2
  • # of Electric Meters: 10
  • # of Gas Meters: 10
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,550
  • Total Rent: $2,550
  • Pro Forma/Market Rent: $3,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $3,700
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,575
  • Total Rent: $1,575
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $221,700
  • Net Operating Income: $204,858
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $16,842
  • Trash: $0
  • Gardener: $3,900
  • Insurance: $5,832
  • Professional Management: $0
  • Water/Sewer: $2,000

Property Details for 2518 Orange Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Tile
  • All Bedrooms Down, Entry, Kitchen, Main Floor Bedroom
Kitchen Information
  • Has Appliances
  • Gas Range
Interior Features
  • Ceiling Fan(s), Copper Plumbing Full
  • Levels: One, Two
  • Window Features: Double Pane Windows
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: 12
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Estimated
  • Common Interest: Community Apartment
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 10
  • Parcel Number: 43918108
  • Year Built Source: Estimated
  • Foundation Details: Raised, Slab
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Sewer Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: apartment
  • Directions: ORANGE AND MONTE VISTA
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Costa Mesa Agent

Sale History for 2518 Orange Ave

Last sold for $5,250,000 on February 10th, 2023

  • February, 2023

  • Feb 10, 2023

    Date

    Sold

    CRMLS: NP22223994

    $5,250,000

    Price

  • Oct 18, 2022

    Date

    Active

    CRMLS: NP22223994

    $6,500,000

    Price

Tax History for 2518 Orange Ave

Assessed Value (2020): $154,965
Year Land Value Improved Value Assessed Value
2020 $35,642 $119,323 $154,965

Home Value Compared to the Market

This property vs the competition

2518 Orange Ave sold on February 10, 2023 for 337.96% 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 $581.62 per/sqft which puts the price per square foot 25.72% lower than the current median sale per square foot for the city of Costa Mesa.

About 2518 Orange Ave

Detailed summary of property

2518 Orange Ave is a apartment that recently sold in Costa Mesa, CA 92627. This apartment offered 22 bedrooms, 13.25 bathrooms, roughly 10,316 living square feet, and sits on an approximately 30,202 square foot lot. 2518 Orange Ave was first listed on ArdentRealEstateGroup.com on October 19, 2022. The homeowner sold the property for $5,250,000. 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 337.96% higher than the current median priced home. Local homes that are currently for sale include 246 Fairview St, 246 Fairview St and 166 Fairview St. While the average home in Costa Mesa, CA is selling in 29 days, 2518 Orange Ave has a days on market of 27 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 2518 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 2518 Orange Ave

Public county record property details
Beds
3
Baths
2
Year built
1959
Sq. Ft.
1,579
Lot Size
15,152
Stories
1
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
Orange
Lot#
121
APN
439-181-08

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%)

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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