Located on an expansive corner parcel of more than 9,000 square feet in the heart of Eastside Costa Mesa, this meticulously maintained four-unit income property presents an exceptional investment opportunity. Once owned by local business icon Heinz Kaiser, the property showcases timeless architecture, a desirable unit mix, and generous outdoor living spaces that set it apart from typical multi-family offerings. Pride of ownership is evident throughout, with a favorable unit configuration consisting of one 2-bedroom, 2-bathroom residence, two 1-bedroom, 1-bathroom residences, and one exceptionally spacious studio. The primary residence at 147 Virginia Place offers 2 bedrooms and 2 bathrooms, highlighted by an inviting front porch overlooking a beautifully hedged lawn, a spacious kitchen, an interior laundry room, a dedicated office area, direct access to an attached two-car garage, and a private rear patio ideal for outdoor entertaining. Situated above, 147½ Virginia Place features 1 bedroom and 1 bathroom, complete with a recently remodeled shower, vaulted ceilings, wood flooring, a charming sleeping loft, and its own private laundry room. The studio residence is equally impressive, boasting stone flooring, a dramatic oversized fireplace, a kitchen with slab countertops, private laundry, and a covered outdoor entertaining area adjacent to an expansive grassy yard. Completing the property, 2209 Elden Avenue offers 1 bedroom and 1 bathroom with wood flooring, a private garage with its own laundry, additional off-street parking, and a secluded rear yard featuring a deck and generous lawn area. Ideally located just moments from award-winning schools, the shopping and dining destinations along 17th Street, and the world-renowned beaches of the Newport Peninsula, this is a rare opportunity to acquire a beautifully maintained, income-producing property in one of Costa Mesa's most sought-after neighborhoods.
| MLS # | LG26160849 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1932 |
| Days On Site | 76 |
| Listing Provided By | Arbor Real Estate | Matt Perry |
| SQ Feet | 3,650 |
|---|---|
| Garage | 3 |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 2 |
| Acreage | 0.21 |
| Property View | Yes |
| Heating | Forced Air, Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Interior Features | Built In Features, Ceiling Fans, Crown Molding, Cathedral Ceilings, Granite Counters, High Ceilings, Recessed Lighting, Storage, Tile Counters, Attic, Bedroom On Main Level, Loft, Main Level Primary |
| Window Features | Blinds, Double Pane Windows, Screens, Skylights |
| Appliances | Dishwasher, Electric Water Heater, Disposal, Gas Oven, Gas Range, Microwave, Range Hood, Tankless Water Heater, Water Heater |
| Fireplace Yes / No | Yes |
| Exterior Features | Rain Gutters |
|---|---|
| Roof | Asphalt, Composition, Spanish Tile |
| Security Features | Carbon Monoxide Detectors, Smoke Detectors |
| Construction Materials | Drywall, Frame, Plaster, Stucco |
| Foundation Details | Raised, Slab |
| Lot Features | Back Yard, Front Yard, Lawn, Landscaped, Level, Near Park, Near Public Transit, Rectangular Lot, Sprinkler System, Yard |
| Fencing | Block, Good Condition |
| Parking Features | Concrete, Direct Access, Driveway Level, Garage |
|---|---|
| Garage Yes / No | Yes |
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
| Community Features | Curbs, Storm Drains, Street Lights, Park |
|---|
| State | CA |
|---|---|
| County | Orange |
| City | Costa Mesa |
| Zip Code | 92627 |
| Area | C5 East Costa Mesa |
| Community Name | Eastside Central (ECCM) |
| Listing VS Median (in Eastside Central (ECCM)) | |
Price: $2,499,000 low | high Med: $3,490,000 sqft: 3,650 low | high Med: 3,704 $ / sqft: $685 low | high Med: $942 On site: 76 low | high Med: 131 | |
| State | CA |
|---|---|
| County | Orange |
| City | Costa Mesa |
| Zip Code | 92627 |
| Area | C5 East Costa Mesa |
| Community Name | Eastside Central (ECCM) |
| Listing VS Median (in Eastside Central (ECCM)) | |
Price: $2,499,000 low | high Med: $3,490,000 sqft: 3,650 low | high Med: 3,704 $ / sqft: $685 low | high Med: $942 On site: 76 low | high Med: 131 | |