Active
2658 Santa Ana Avenue
Costa Mesa CA, 92627
$5,178,000
$1,078.75 per sqft
Active
4,800 sqft
Multi-family
Built in 1959
Listed by Veronica Hicks with 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!
NP24028330
MLSⓇ ID
February 8, 2024
Listed
March 28, 2024
Updated
Map
2658 Santa Ana Avenue
Costa Mesa CA, 92627
Interior Features
Total Stories
1
Interior Features
Quartz Counters, Stone Counters, Unfurnished, Wired for Data, All Bedrooms Down, Bedroom on Main Level, Main Level Primary
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
Laundry Description
Washer Hookup, Electric Dryer Hookup, Inside, Laundry Closet, Stacked
Floor Description
Laminate
Fireplace
Yes
Fireplace Description
None
Cooling
Yes
Cooling Description
Ductless, Electric, ENERGY STAR Qualified Equipment, Zoned
Heating
Yes
Heating Description
Ductless, Electric, ENERGY STAR Qualified Equipment, Zoned
Exterior/Building Features
Lot Size
0.45 Acres
Exterior Features
Rain Gutters
Lot Features
6-10 Units/Acre, Paved, Rectangular Lot, Sprinklers Timer, Sprinkler System
Architectual Style
Bungalow, Cottage, Mid-Century Modern
Sewer
Public Sewer
Other Property Details
Area Name
C5 - East Costa Mesa
Days on Market
32
Garage
Yes
Garage Spaces
6
Parking
Assigned
Parking Total
16
View
No
View Description
None
County
Orange
Water Source
Public
Pool
No
Pool Features
None
Buyer Agency Compensation
2%
Listing Contact: 949-861-8181
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 3/28/2024 at 3:28 PM UTC