2422 Santa Ana Avenue

Costa Mesa, CA 92627

$3,000,000

List Price

N/A

bed Beds

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shower Baths

N/A sqft

straighten / sqft

1952

calendar_month Built

Property 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.

Listing Information

List Price $3,000,000
Status Active
MLS NP24193949
Type Residential Income
Subtype Apartment
Year Built 1952
Lot Size 17,025
Structure Size N/A
DOM 1
Courtesy Of Pacific Sotheby's Int'l Realty
Listing Agent Jon Flagg DRE#01316048
Co-Listing Agent Kyle Flagg DRE#02095991

Interior Features

Laundry Information
Location(s) Washer Hookup
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Fireplace Information
Features None
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Jon Flagg, Kyle Flagg, Pacific Sotheby's Int'l Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 21st, 2024 at 6:20 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.