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$3,000,000

Beds
15
Baths
5.5
sq ft
4,809

2422 Santa Ana Ave, Costa Mesa, CA 92627

2422 Santa Ana Ave

Costa Mesa, CA 92627

  • 1 day on market
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.

Details

Property type

Condominium

Lot size

0.3908 acres

Price per sq ft

$624

Year built

1952

Price History

09/20/2024
CRMLS

CRMLS #NP24193953

Listed
$3,000,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Fishing, Golf, Park, Suburban

High school district: 

Newport Mesa Unified

Number of units in community: 

5

Status: Active

Tomo last checked: 09/20/2024 at 6:10 PM

Listing updated: 09/20/2024 at 12:51 PM

Listed by: Jon Flagg, Pacific Sotheby's Int'l Realty Phone #: (949) 554-1200

MLS: CRMLS #NP24193953

CRMLS logo

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