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2658 Santa Ana Avenue
Costa Mesa CA 92627 US

$5,178,000

Active Listing ID NP24028330
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12 bed
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6.00 Bath
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Lot: 19,602.00 Square Feet
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Other

$5,178,000

Active Listing ID NP24028330
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2658 Santa Ana Avenue 6 UNIT COMPLEX WITH RARE MARKET VALUE RENTS SO THAT YOU AREN'T BELOW MARKET OUT OF THE GATE. This complex offers investors the best return for a low and easy management opportunity WITH POTENTIAL FOR ADU AND ADDITIONAL INCOME. 2658 Santa Ana is a lucrative investment opportunity in the heart of Popular Eastside Costa Mesa – a commercial multifamily property that epitomizes turnkey perfection. Ideal for the discerning investor seeking immediate profitability without the hassle of renovations, this property is poised to deliver both financial success and peace of mind. Strategically located near the 55 Freeway, 17th Street, South Coast Plaza, The Back Bay, and Newport Beach, this multifamily gem is surrounded by desirable amenities and prime destinations. The property comprises six detached bungalows, each with a garage and 1-2 parking spaces, ensuring convenience for both residents and guests. Recently remodeled in late 2022, this property shines with a cohesive aesthetic, presenting near-identical units that showcase meticulous attention to detail. Every aspect of these bungalows has been thoughtfully upgraded, from the new kitchens and baths to the flooring, doors, paint, gutters, and roofing, creating a harmonious living experience. Embrace modern comfort with air-conditioned interiors, featuring three mini-split systems in each bungalow for personalized climate control. Step outside to discover oversized, meticulously landscaped yards, providing residents with a private oasis and an inviting atmosphere for outdoor activities. Unlock additional value with the potential for an Accessory Dwelling Unit (ADU), offering flexibility in usage and increased investment potential. Currently boasting a remarkable 100% occupancy rate at market rents, this property is fully leased up, providing a secure and immediate return on investment. In summary, this commercial multifamily property is more than just an investment; it's a turnkey opportunity for the savvy investor looking to capitalize on a prime location, modern amenities, and a seamless, income-generating property. Secure your stake in the thriving Eastside Costa Mesa community today!

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Property Features

  • Facts
  • Lot Size: 19,602.00 Square Feet
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • 3/4 Bathrooms: 6
  • Cooling System: Zoned A/C
  • Exterior Finish: Fence, Community Features Included: Hiking, Preserve/Public Land, Sidewalks, Street Lights, Urban, 6-10 Units/Acre, Lot 10000-19999 Sqft, Rectangular Lot, Paved, Sprinkler System, Sprinklers Timer
  • Floor Covering: Laminate
  • Heating Fuels: Zoned

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 5178000
  • unparsedaddress: 2658 Santa Ana Avenue
  • postalcity: Costa Mesa
  • stateorprovince: CA
  • country: US
  • postalcode: 92627
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 6
  • lotsizeacres: 0.45
  • lotsizeunits: Square Feet
  • lotsizearea: 19602
  • livingarea: 4800
  • livingareaunits: Square Feet
  • listagentfullname: Veronica Hicks
  • listagentemail: veronica@condosetc.com
  • listagentkey: 3yd-MRMLSCA-NP41494
  • listagentmlsid: NP41494
  • listagentpreferredphone: 7143365551
  • listagentofficephone: 9498618181
  • listofficekey: 3yd-MRMLSCA-NP6957
  • listagentstatelicense: 01443184
  • listofficemlsid: NP6957
  • disclaimer: Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 1959
  • listingcontractdate: 2024-02-08
  • listagenturl: http://www.condosetc.com
  • countyorparish: Orange
  • parcelnumber: 43910102
  • appliances: Cooktop, Cooktop - Gas, Dishwasher, Garbage Disposer, Ice Maker, Oven - Gas, Range, Refrigerator, Washer
  • cooling: Zoned A/C
  • constructionmaterials: Stucco
  • flooring: Laminate
  • heating: Zoned
  • numberofunitstotal: 6
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 16
  • parkingfeatures: Assigned
  • view: None
  • waterfrontyn: False
  • interiorfeatures: Quartz Counters, Stone Counters, Unfurnished, Wired For Data, Doors - Swing In, Entry Slope Less Than 1 Foot, No Interior Steps, Panel Doors, Window Features: Double Pane Windows, Energy Star Qualified Windows, Insulated Windows
  • exteriorfeatures: Fence, Community Features Included: Hiking, Preserve/Public Land, Sidewalks, Street Lights, Urban, 6-10 Units/Acre, Lot 10000-19999 Sqft, Rectangular Lot, Paved, Sprinkler System, Sprinklers Timer
  • windowfeatures: Double Pane Windows
  • architecturalstyle: Bungalow
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Family Room, Kitchen, Living Room
  • poolprivateyn: False
  • spayn: False
  • fencing: Fenced
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
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Listing Changed: 3/26/2024 1:41:09 PM GMT
Source Updated Date: 5/3/2024 6:56:11 AM GMT

Courtesy of: Veronica Hicks, Condos Etc, Inc, veronica@condosetc.com

Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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