Sweet Orange

As I stated in my About section, one of my goals for this blog is to highlight the similarities that Irvine and Costa Mesa share as well as the differences between these two Orange County cities. One of the differences is the type of residential income property that is available.

In addition to apartment buildings that are available for investment, Costa Mesa also has smaller options available, such as apartments over garages or a second building on the lot. These options for investment on a smaller scale are hard to find in Irvine. The reason for this can be found in the way these two cities developed: Irvine with basically one landowner (The Irvine Company) calling the shots, and Costa Mesa with many landowners making  numerous independent decisions.

A lot more could be said about the forces that shaped these two cities to be what they are, but that will be for another time. For now, we will look at the type of investment properties that are available in Costa Mesa. The following is a sample of what is available in Eastside Costa Mesa:

411 Emerson Street has a 3 bedroom detach home with a 2 bed apartment over the garage. Asking price: $899,000.

2344 Elden Avenue #3 has a duplex in the front and a three-bedroom detached home with a pool in the back. Asking price: $899,000.

268 Cabrillo Street #3 is a three-unit townhome building. All units are two bedrooms with 1.5 baths. Asking price: $1,040,000.

173 Broadway is six units. Each unit has 2 bedrooms and 1 bath. Asking price: $1,750,000.

Resource: “How to find good investment property” by Liz Pulliam Weston, MSN Money

PHOTOS ARE OF 2344 ELDEN AND 2411 EMERSON