Welcome to 273 Virginia Place, Eastside Costa Mesa — two fully detached homes on one spacious lot. This rare 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 sought-after neighborhoods. Set on a generous 7,577 sq. ft. lot, you’ll find two charming 1950’s cottages totaling over 2,100 sq. ft. of living space. The front home is a freshly updated 3-bedroom, 2-bath retreat with approximately 1,200 sq. ft. Bamboo flooring, crisp white paint, stainless steel appliances, refreshed kitchen cabinets, reglazed baths, new bath fixtures, new vanities, new toilets, new light fixtures, new ceiling fans, and designer touches throughout create a bright, modern vibe. All the hard work has been done — this is a true turnkey opportunity that lives like a stand-alone Eastside home, perfect for an owner-user, or attracting high-caliber tenants. The rear home is a 2-bedroom, 1-bath sanctuary of about 950 sq. ft., featuring elegant tile floors, light updates, and a secluded and spacious rear yard that feels like its own hidden oasis. An excellent long-term tenant is already in place on a month-to-month lease, providing immediate income. Each home has its own single-car garage, private driveway, and laundry hookups. Parking is plentiful with space for 2–3 cars per unit. Recent property upgrades include fresh interior and exterior paint, new vinyl fencing, new vinyl gates, new rear-unit entryway and updated landscaping. Eastside Costa Mesa is prized for its walkability, charm, beach weather and its location in the renowned Newport Mesa Unified School District. Walk to nearby Kaiser and Woodland Elementary Schools, or have a short bike ride or drop off to Newport Beach middle and high schools, Ensign and Newport Harbor. Stroll or bike along the Back Bay, hop on the nearby freeway in minutes, or explore nearby shops, restaurants, and nightlife on vibrant 17th Street. With no HOA, plenty of outdoor space, and strong rental demand, this property checks every box. Whether you’re looking for a 1031 exchange replacement, a smart investment, or a home that pays you back, 273 Virginia Place delivers. Properties like this almost never hit the market — don’t miss your chance to own a rare two-on-a-lot in one of Orange County’s hottest neighborhoods.
Days on market: 5
Listing updated: September 23, 2025 - 04:42:09
Listed by: Devin Lucas DRE #01912302 949-644-1600, Coldwell Banker Realty - Newport
Source: Newport, MLS#: U6312 Originating MLS: CRMLS
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