This rare Eastside Costa Mesa income property offers the best of both worlds: live in one, rent the other, or hold as a high-demand investment in one of Orange County’s most desirable neighborhoods.

Set on a generous approximately 7,577-square-foot lot, you’ll find two detached 1950s cottages totaling more than 2,100 square feet of livable space. The front home is a freshly updated three-bedroom, two-bath retreat with approximately 1,200 square feet. Bamboo flooring, crisp white paint, stainless steel appliances, refreshed cabinets, reglazed baths, newer vanities, toilets, fixtures, ceiling fans and designer touches throughout create a bright, modern vibe. All the work has been done — this is a turnkey opportunity that lives like a stand-alone Eastside home, ideal for an owner-user or attracting high-caliber tenants.

The rear home is a two-bedroom, one-bath sanctuary of about 950 square feet, featuring elegant tile floors, light updates and a secluded backyard that feels like its own private oasis. An excellent long-term tenant is already in place on a month-to-month lease, providing immediate income.

Each home has its own garage, driveway and laundry hookups. Parking is plentiful, with space for two or three cars per unit. Recent upgrades include fresh paint inside and out, newer vinyl fencing and gates, a newer rear-unit entryway and updated landscaping.

Eastside Costa Mesa is loved for its walkability, charm, coastal weather and location in the renowned Newport Mesa Unified School District. Stroll to Kaiser or Woodland Elementary, or enjoy a quick bike ride to Ensign Middle or Newport Harbor High. Spend weekends strolling along the Back Bay, hopping on nearby freeways, or enjoying shopping, dining and nightlife on vibrant 17th Street.

With no HOA, generous outdoor space and strong rental demand, this property checks every box. Whether you’re searching for a 1031 exchange replacement, a smart rental investment or a home that pays you back, 273 Virginia Place delivers.

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