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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.
Property Type(s):
Residential Income
| Last Updated | 7/28/2026 | Tract | Eastside Central (ECCM) |
|---|---|---|---|
| Year Built | 1932 | Community | C5 - East Costa Mesa |
| Garage Spaces | 3.0 | County | Orange |
Additional Details
| APPLIANCES | Dishwasher, Disposal, Electric Water Heater, Gas Oven, Gas Range, Microwave, Range Hood, Tankless Water Heater, Water Heater |
|---|---|
| AREA | C5 - East Costa Mesa |
| CONSTRUCTION | Frame, Plaster, Stone, Stucco |
| EXTERIOR | Rain Gutters |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Forced Air, Wall Furnace |
| INTERIOR | Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Crown Molding, Granite Counters, High Ceilings, Master Downstairs, Recessed Lighting, Storage, Tile Counters |
| LOT | 9021 sq ft |
| LOT DESCRIPTION | Back Yard, Front Yard, Landscaped, Level, Near Public Transit, Rectangular Lot |
| LOT DIMENSIONS | 9021 |
| PARKING | Concrete, Direct Access, Garage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Spanish, Traditional |
| SUBDIVISION | Eastside Central (ECCM) |
| UTILITIES | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected |
| VIEW | Yes |
| WATER | Public |
Location
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Listed with Arbor Real Estate
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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