Thank you
Veronica Hicks
Condos Etc, Inc
949-861-8181
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!
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Water Source : Public
Green Water Conservation: Water-Smart Landscaping
Sewer : Public Sewer
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
Ductless,Electric,ENERGY STAR Qualified Equipment,Zoned
Air Conditioning
Ductless,Electric,ENERGY STAR Qualified Equipment,Zoned
Has Heating
Green Energy: Appliances,Water Heater
Fireplace Features: None
Has Fireplace: 0
Year Built: 1959
Building Area Total: 4,800
Construction: Drywall,Stucco
Rain Gutters
Slab
No Stairs,Accessible Doors,Accessible Entrance
None
Washer Hookup,Electric Dryer Hookup,Inside,Laundry Closet,Stacked
Vinyl,Wood
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.45
Lot Size Source: Assessor
Lot Size Square Feet: 19602
Original List Price: 5,178,000
Listing Contract Date: 2024-02-08
Listing Agreement: Exclusive Right To Sell
Parcel Number: 43910102
Garage Description: Assigned
Lease Term: Negotiable
Tenant Pays: Cable TV,Electricity,Gas,Telephone
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
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
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 |
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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.