$3,000,000
$3,000,000
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2422 Santa Ana AVE Costa Mesa, CA 92627
4,809 SqFt
Key Details
Sold Price $3,000,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 4,809 sqft
Price per Sqft $623
Subdivision Eastside South (Escm)
MLS Listing ID NP24193949
Sold Date 10/25/24
HOA Y/N No
Year Built 1952
Lot Size 0.391 Acres
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.
Location
State CA
County Orange
Area C5 - East Costa Mesa
Rooms
Ensuite Laundry Washer Hookup
Interior
Laundry Location Washer Hookup
Cooling None
Fireplaces Type None
Fireplace No
Laundry Washer Hookup
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Biking, Curbs, Fishing, Golf, Hiking, Horse Trails, Park, Preserve/Public Land, Storm Drain(s), Street Lights, Suburban, Sidewalks, Water Sports
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
View Y/N No
View None
Total Parking Spaces 3
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 43913105
Acceptable Financing Cash, Cash to New Loan
Horse Feature Riding Trail
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Mark Bridge • Mark Bridge, Broker