10/28/2026
Ready for Offers: 1550 & 1554 Orange Ave, Costa Mesa
Most six-unit buildings need a commercial loan. This one doesn't.
It's two side-by-side triplexes on two separate parcels with two APNs, so a buyer can finance each one conventionally. Buy both together, and keep the option to refinance or sell them separately down the road.
Six single-story 1-bed/1-bath bungalows, each with a private yard and an assigned parking space. The heavy lifting is done... updated electrical and plumbing, new water heaters, a new concrete driveway, and mini-split A/C and heat in every unit.
3.92% cap on current rents plus the newly renovated at $2,800. 4.04% pro forma.
Offered at $3,799,000. Full details and the Offering Memorandum:
https://vist.ly/5qeuk