3-Unit Single-Story
New
For Sale
$2,450,000
2515 Orange Avenue, Costa Mesa, CA 92627
Each residence offers a three-bedroom, two-bathroom layout with a dedicated carport and additional open parking.
Property Size3,307 SF
Days on Market4
Property Features for 2515 Orange Avenue
General Information
Standard status
Active
Size
3,307 SF
Property subtype
Triplex
Units
Unit Mix
3 x 3BR/2BA
Multifamily Units
3
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$27,962
Building Details
Building Size
3,307 SF
Year Built
1964
Stories
1
Listing Agency:
Morgan Skenderian
Listed By:
Damien Breaux · License #01460301
(949) 584-0503
Source:
Velocityrealtysd
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 9 at 9:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Morgan Skenderian
Investment Insights
Based on property information with market context.
This Costa Mesa triplex contains three single-story residences, each configured with three bedrooms and two bathrooms. The units average approximately 1,100 square feet apiece. The property was built in 1964 and received a new roof in 2026.
At 2515 Orange Avenue, each residence has a dedicated carport as well as one additional open parking space.
At 2515 Orange Avenue, each residence has a dedicated carport as well as one additional open parking space.
Key Highlights
- Three residences, each averaging approximately 1,100 square feet
- All units have three bedrooms and two bathrooms
- Single‑story layouts throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,607
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,512,140
$1.5M
Cap Rate 7%
$1,080,100
$1.1M
Cap Rate 9%
$840,078
$840.1K
Market Conditions
NOI Build-Up for 3,307 SF
Gross rent
$113.1K $34.20/SF
− Vacancy
−$5.1K −$1.54/SF
EGI
$108.0K $32.66/SF
− OpEx
−$32.4K −$9.80/SF
NOI
$75.6K $22.86/SF
Area
Costa Mesa, CA
Vacancy
4.50%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,512,140
Cap Rate 7%
$1,080,100
Cap Rate 9%
$840,078
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$945.1K – $1.26M
NOI $75,607 @ 7.0% cap · market cap 3.09%
Second Best
Apartment 5plus
$1.00M
$877.4K – $1.17M
NOI $70,193 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$1.12M
$980.0K – $1.31M
NOI $78,403 @ 7.0% cap · market cap 3.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,021
Businesses Nearby
Explore this area
Business Placement
Demographics for 92627, CA
61,764
Population
23,286
Households
2.7
Avg Household Size
36
Median Age
42%
College-Educated
85%
High-School Grad
6.4 sq mi
ZIP Area
9,651
Density / Sq Mi
$105,039
Median Household Income
$49,236
Median Earnings
$2,299
Median Rent
$1,074,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Each residence offers a three-bedroom, two-bathroom layout with a dedicated carport and additional open parking.
Where is this triplex located?
The property is located at 2515 Orange Avenue Costa Mesa, CA.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Three residences, each averaging approximately 1,100 square feet; All units have three bedrooms and two bathrooms; Single‑story layouts throughout
