$5,178,000
2658 Santa Ana Avenue, Costa Mesa 92627
12
Beds
6
Baths
19,602
Lot Size
6
# Of Units
Listing Agent
Veronica Hicks - Condos Etc, Inc6 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!
Facts & Features
MLS® # | NP24028330 |
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Price | $5,178,000 |
Bedrooms | 12 |
Bathrooms | 6.00 |
Lot Size | 19,602 |
Year Built | 1959 |
Type | Residential Income |
Sub-Type | Mixed Use |
Style | Bungalow, Cottage, Mid-Century Modern |
Status | Active |
# Of Units | 6 |
Community Information
Address | 2658 Santa Ana Avenue |
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Area | C5 - East Costa Mesa |
Subdivision | Eastside Central (ECCM) |
City | Costa Mesa |
County | Orange |
Zip Code | 92627 |
Amenities
Utilities | Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected |
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Parking Spaces | 16 |
Parking | Assigned |
# of Garages | 6 |
Garages | Assigned |
View | None |
Is Waterfront | No |
Has Pool | No |
Pool | None |
Interior
Interior | Laminate |
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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 |
Heating | Ductless, Electric, ENERGY STAR Qualified Equipment, Zoned |
Cooling | Ductless, Electric, ENERGY STAR Qualified Equipment, Zoned |
Has Basement | No |
Fireplace | No |
Fireplaces | None |
# of Stories | 1 |
Stories | One |
Exterior
Exterior | Drywall, Stucco |
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Exterior Features | Rain Gutters |
Lot Description | 6-10 Units/Acre, Paved, Rectangular Lot, Sprinklers Timer, Sprinkler System |
Windows | Double Pane Windows, ENERGY STAR Qualified Windows, Insulated Windows |
Construction | Drywall, Stucco |
Foundation | Slab |
Additional Information
Date Listed | February 8th, 2024 |
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Days on Market | 79 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Veronica Hicks |
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Office | Condos Etc, Inc |