• 2658 Santa Ana Avenue Costa Mesa, CA 92627

  • $5,178,000
  • 0
    Bed(s)
  • 0
    Baths
  • 4,800
    Sq Ft
  • 19602
    Sqft
  • Listed By: Veronica Hicks, Condos Etc, Inc, DRE #01443184
  • Source: CRMLS

6 UNIT COMPLEX NEWLY REMODELED WITH RARE MARKET VALUE RENTS SO THAT YOU AREN'T BELOW MARKET OUT OF THE GATE. This 6 unit 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!

Property Type :

Residential Income

County :

Orange

Style :

Residential Income

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Property Details

 

Water/Sewer

Water Source : Public

Green Water Conservation: Water-Smart Landscaping

Sewer : Public Sewer

Interior Features

Exterior Property Features : Rain Gutters

Interior Features: Quartz Counters,Stone Counters,Unfurnished,Wired for Data,All Bedrooms Down,Bedroom on Main Level,Main Level Primary

Windows: Double Pane Windows,ENERGY STAR Qualified Windows,Insulated Windows

Property Appliances: Dishwasher,ENERGY STAR Qualified Appliances,ENERGY STAR Qualified Water Heater,Gas Cooktop,Disposal,Gas Oven,Gas Water Heater,Ice Maker,Refrigerator,Range Hood,Self Cleaning Oven,Water Heater,Dryer,Washer

Fireplace: None

Flooring: Laminate

Cooling Features

Ductless,Electric,ENERGY STAR Qualified Equipment,Zoned

Air Conditioning

Heating Source

Ductless,Electric,ENERGY STAR Qualified Equipment,Zoned

Has Heating

Energy

Green Energy: Appliances,Water Heater

Fireplace

Fireplace Features: None

Has Fireplace: 0

Building Information

Year Built: 1959

Building Area Total: 4,800

Construction: Drywall,Stucco

Exterior Features

Rain Gutters

Foundation

Slab

Accessibility Features

No Stairs,Accessible Doors,Accessible Entrance

Pool Features

None

Laundry Features

Washer Hookup,Electric Dryer Hookup,Inside,Laundry Closet,Stacked

Fencing

Vinyl,Wood

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.45

Lot Size Source: Assessor

Lot Size Square Feet: 19602

Listing Price Information

Original List Price: 5,178,000

Listing Contract Date: 2024-02-08

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 43910102

Garage and Parking

Garage Description: Assigned

Homeowners Association

Rental Info

Lease Term: Negotiable

Tenant Pays: Cable TV,Electricity,Gas,Telephone

Other Property Info

Source Listing Status: Active

Source Neighborhood: C5 - East Costa Mesa

Postal Code Plus 4: 4656

Directions: Between Mesa and University off the 55 Freeway

Source Property Type: Residential Income

Area: C5 - East Costa Mesa

Property SubType: Mixed Use

Building and Construction

Property Age: 65

Common Walls: No Common Walls

Property Condition: Updated/Remodeled,Turnkey

Structure Type: Mixed Use

Year Built Source: Assessor

Entry Level: 1

Entry Location: Santa Ana

Levels or Stories: One

Building Total Stories: 1

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
124 Melody Lane, Costa Mesa, CA,92627 $1,650,000 3 2 1,802 8780 Sqft
939 W 19th Street #A-7, Costa Mesa, CA,92627 $859,900 3 2 1,600 1620 Sqft
186 Del Mar Avenue, Costa Mesa, CA,92627 $2,190,000 -- -- 2,597 9240 Sqft
2481 Irvine Avenue #1, Costa Mesa, CA,92627 $1,575,000 3 2 1,588 --
150 Cecil Place, Costa Mesa, CA,92627 $2,165,000 4 4 2,280 8712 Sqft
2191 Harbor Boulevard #9, Costa Mesa, CA,92627 $179,900 3 2 1,152 --
2177 Pomona Avenue, Costa Mesa, CA,92627 $1,250,000 -- -- 1,680 6490 Sqft
2171 Pomona Avenue, Costa Mesa, CA,92627 $1,250,000 -- -- 1,680 6490 Sqft
283 Avocado Street, Costa Mesa, CA,92627 $12,000,000 -- -- 14,159 37026 Sqft
124 Melody Lane, Costa Mesa, CA,92627 $1,650,000 -- -- 2,900 8780 Sqft

Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 05/16/2024 @ 02:55

MLS: NP24028330
LISTED BY: Veronica Hicks, Condos Etc, Inc
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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