About this home

Pleased to present 2515 Orange Avenue, a 3-unit investment opportunity located in the highly desirable Eastside neighborhood of Costa Mesa, bordering Newport Beach. Offered for sale for the first time in over 20 years, the property is comprised entirely of spacious, single-story 3-bedroom, 2-bathroom units, each averaging approximately 1,100 square feet. This difficult-to-replicate unit mix provides residents with generous living spaces and a residential feel rarely found in traditional multifamily properties. Each unit includes a dedicated carport plus an additional open parking space, and the property also benefits from the recent installation of a new roof (2026). With its premier Eastside location, large three-bedroom floor plans, and strong rental demand, 2515 Orange Avenue represents a unique opportunity to acquire a well-maintained multifamily asset in one of Orange County's most sought-after coastal-adjacent rental markets.

Facts and features

Schools

• Heinz Kaiser Elementary School

  elementary · 3-6 · 1.0 mi

  8

• Newport Harbor High School

  high · 9-12 · 2.6 mi

  9

• Horace Ensign Intermediate School

  middle · 7-8 · 3.0 mi

  9

• Missio Dei Preparatory Academy

  elementary · K-8 · 0.1 mi

• Woodland Elementary School

  elementary · K-2 · 1.2 mi

• Sebo Christian Academy

  elementary · 1-12 · 0.2 mi

Price history

• Oct 7, 2026 · Listed$2,450,000
• Jan 21, 2004 · Sold$920,000
• Feb 22, 2000 · Sold$98,000
• Dec 1, 1999 · Sold$489,000
• Feb 10, 1997 · Sold$250,000
• Nov 2, 1988 · Sold$228,000
• May 3, 1982 · Sold$99,000

Tax history

• 2025$15,887 tax · $1,334,202 assessed
• 2024$15,559 tax · $1,308,042 assessed
• 2023$15,098 tax · $1,257,250 assessed
• 2022$14,771 tax · $1,232,599 assessed
• 2021$14,398 tax · $1,208,431 assessed
• 2020$14,217 tax · $1,196,041 assessed
• 2019$13,905 tax · $1,172,590 assessed
• 2018$13,623 tax · $1,149,599 assessed

Home value

$2,429,050

• Quantarium$2,429,050
• Collateral Analytics$2,218,000

Where it is