2132 Orange Avenue
Costa Mesa, CA 92627

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 a