2422 Santa Ana Avenue, Costa Mesa, California 92627
  • $3,000,000

Overview

Property ID: NP24193949
  • Apartment, Residential Income
  • Property Type
  • 3.0
  • Garages
  • 4809 Sqft
  • Area Size
  • 1952
  • Year Built

Description

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.

  • Address: 2422 Santa Ana Avenue
  • City: Costa Mesa
  • State/county: CA
  • Zip/Postal Code: 92627
  • Country: US

Details

Updated on December 10, 2024 at 6:22 pm
  • Property ID NP24193949
  • Price $3,000,000
  • Property Size 4809 Sqft
  • Land Area 0.3908 Acres
  • Garages 3.0
  • Year Built 1952
  • Property Type Apartment, Residential Income
  • Property Status Closed

Additional details

  • Listing Terms Cash, Cash to New Loan
  • Utilities Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Sewer Public Sewer
  • Cooling None
  • County Orange
  • Property Type Residential Income
  • Pool None
  • Community Features Biking, Curbs, Fishing, Golf, Hiking, Horse Trails, Park, Preserve/Public Land, Storm Drain(s), Street Lights, Suburban, Sidewalks, Water Sports

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