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

Welcome to 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

February 22, 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

13


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 2/22/2024. 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 2/22/2024 at 1:37 AM UTC

 

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