2422 Santa Ana Avenue

Costa Mesa, CA 92627

$ 3,000,000

Price

15

Beds

5.5

Baths

4,809 Sq. Ft.

$624 / Sq. Ft.

14 Days On Market

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Eastside Costa Mesa Building

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Listing provided by agent Jon Flagg BRE# 01316048 at Pacific Sotheby's Int'l Realty and Kyle Flagg BRE# 02095991 at Pacific Sotheby's Int'l Realty.

Last Updated: 4 days ago

This fabulous, five-unit property in desirable Eastside Costa Mesa has been in the same family for decades, lovingly maintained with long-term tenants rarely departing. Introducing 2422 (and 2414) Santa Ana Ave, a truly rare, exceptional investment opportunity featuring a treasured, five free-standing units, sited on a very generous, 17,025 sf, multi-family lot. The unit mix includes four, 3-bedroom/1-bath residences, three of which have an enclosed garage, plus one 3 bedroom, 2-bath unit. All units have low turn-over and month-to-month tenancy agreements in place, generating steady income with the potential for rent increases. The improvement area spans 4,809 square feet (not including garages) and investors can continue the current multifamily residential use, enhance the property’s value with improvements to the units or explore the possibility of constructing new, vertical residences. Ideally situated in a vibrant community close to local amenities, parks, and schools, this is a unique multifamily, generational gem. Drive-by only. Viewing property subject to written offer.This fabulous, five-unit property in desirable Eastside Costa Mesa has been in the same family for decades, lovingly maintained with long-term tenants rarely departing. Introducing 2422 (and 2414) Santa Ana Ave, a truly rare, exceptional investment opportunity featuring a treasured, five free-standing units, sited on an extremely generous, 17,025 sf, multi-family lot. The unit mix includes four, 3-bedroom/1-bath residences, three of which have an enclosed garage, plus one 3 bedroom, 2-bath unit. All units have low turn-over and month-to-month tenancy agreements in place, generating steady income with the potential for rent increases. The improvement area spans 4,809 square feet (not including garages) and investors can continue the current multifamily residential use, enhance the property’s value with improvements to the units or explore the possibility of constructing new, vertical residences. Ideally situated in a vibrant community close to local amenities, parks, and schools, this is a very unique multifamily, generational gem.

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Property Type Condominium
Lot Size 17,025 sq. ft.
Year Built 1952
MLS # NP24193953
Listing Type Active Under Contract
Laundry Washer Hookup

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Property Details for: 2422 Santa Ana Avenue

Interior Features

Bathroom Information
  • 5 full baths, 1 half bath
Laundry Information
  • Washer Hookup

Parking / Garage, Multi-Unit Information, Location Details

Exterior Features

Property / Lot Details

Lot Information
  • Lot Size (Sq. Ft) 17,025
Property Information
  • Tax Parcel Number: 43913105

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    Listing provided by agent Jon Flagg BRE# 01316048 at Pacific Sotheby's Int'l Realty and Kyle Flagg BRE# 02095991 at Pacific Sotheby's Int'l Realty.

    Last Updated: 4 days ago