2677 Orange Ave, Costa Mesa, CA 92627
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2677 Orange Ave Costa Mesa, CA 92627

$3,250,000 Sold Price as of 08/29/2019
  • 15 Beds
  • 14 Baths
  • 7,676 Sq.Ft.
Sold
$3,250,000 Sold Price as of 08/29/2019 Refinance Your Mortgage

Map preview of 2677 Orange Ave, Costa Mesa, CA 92627

Property Overview: 2677 Orange Ave Costa Mesa, CA has 15 bedrooms, 14 bathrooms, 7,676 living square feet and 20,038 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Price Reduced, Seller Motivated. 2677 Orange Avenue is located in the desirable Eastside Costa Mesa submarket and consists of large two and three bedroom townhouse floor-plans which average just under 1,100 sq. ft. The seven units at 2677 Orange Avenue were constructed in 1977. This property features an excellent unit mix of (6) two bedroom, 1.5 bathroom townhouses and (1) three bedroom, 1.5 bathroom townhouse. The front three bedroom unit has individual washer and dryer hookups and all units have separate hot water heaters and fireplaces. All units feature private yards with five units having very large yards. Each unit has ample linen storage in the upstairs landing. Renovated units feature wide plank-style flooring, upgraded interior doors, new cabinet faces and decorative hardware. It is rare to have the opportunity to acquire a building of this size featuring all large, townhome-style floor-plans where the current rents average $2200. There is attainable rental upside in all units.

Listed by Steven Brombal | BRE #00972129 | Kidder Mathews of California
Last checked: 5 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 229

Home details

Lot Sq. Ft
20,038
HOA Dues
$0/mo
Year built
1977
Garage
7 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC18259214
City
Costa Mesa
County
Orange
Time on Site
1386 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 3
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,650
  • Total Rent: $2,650
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,300
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.5%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $220,200
  • Net Operating Income: $151,139
  • Gross Operating Income: --
  • Vacancy Allowance: $8,808
Annual Expense Breakdown
  • Total Operating Expense: $61,693
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $39,744
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 2677 Orange Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Central, Forced Air
Laundry Information
  • Has Laundry
  • Community, Washer Hookup
Fireplace Information
  • Has Fireplace
  • Living Room
Kitchen Information
  • Has Appliances
  • Disposal, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, Water Heater
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 7
  • # of Parking Spaces: 18
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Level with Street, Lot 20000-39999 Sqft
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 7
  • Parcel Number: 43922132
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Assume
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside North (ENCM)
  • Directions: Orange Ave and Mesa
Neighborhood Information
  • Community Features: Suburban
View more facts & features

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Sale History for 2677 Orange Ave

Last sold on January 17th, 2020
  • January, 2020

  • Jan 17, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2019

  • Aug 30, 2019

    Date

    Sold

    CRMLS: OC18259214

    $3,250,000

    Price

  • Jul 9, 2019

    Date

    Pending

    CRMLS: OC18259214

    $3,482,500

    Price

  • Jun 11, 2019

    Date

    Active Under Contract

    CRMLS: OC18259214

    $3,482,500

    Price

  • Feb 13, 2019

    Date

    Price Change

    CRMLS: OC18259214

    $3,482,500

    Price

  • Oct 25, 2018

    Date

    Active

    CRMLS: OC18259214

    $3,775,000

    Price

  • August, 2019

  • Aug 29, 2019

    Date

    Sold (Public Records)

    Public Records

    $3,250,000

    Price

Show More

Tax History for 2677 Orange Ave

Assessed Value (2020): $2,172,719
Year Land Value Improved Value Assessed Value
2020 $1,716,448 $456,271 $2,172,719

Home Value Compared to the Market

This property vs the competition

2677 Orange Ave sold on August 29, 2019 for 154.2% 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 $453.69 per/sqft which puts the price per square foot 42.06% lower than the current median sale per square foot for the city of Costa Mesa.

About 2677 Orange Ave

Detailed summary of property

2677 Orange Ave is a multi family that recently sold in Costa Mesa, CA 92627. This multi family property offered 15 bedrooms, 14 bathrooms, roughly 7,676 living square feet, and sits on an approximately 20,038 square foot lot. 2677 Orange Ave was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $3,250,000. 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 154.2% higher than the current median priced home. Local homes that are currently for sale include 210 Grant St, 210 Grant St and 12702 Morningside Ave. While the average home in Costa Mesa, CA is selling in 29 days, 2677 Orange Ave has a days on market of 229 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 2677 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 2677 Orange Ave

Public county record property details
Beds
--
Baths
--
Year built
1977
Sq. Ft.
7,676
Lot Size
21,457
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
47
APN
439-221-32

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.