Costa Mesa, CA 92627,2658 Santa Ana AVE
Costa Mesa, CA 92627,2658 Santa Ana AVE
Costa Mesa, CA 92627,2658 Santa Ana AVE
Costa Mesa, CA 92627,2658 Santa Ana AVE
Costa Mesa, CA 92627,2658 Santa Ana AVE
Costa Mesa, CA 92627,2658 Santa Ana AVE
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$4,980,000

$5,178,000

3.8%
Est.Price: ?

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Est. payment /mo

0.45 Acres Lot


SOLD DATE : 07/05/2024

Key Details

Sold Price $4,980,000

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Subdivision Eastside Central (Eccm)

MLS Listing ID NP24028330

Sold Date 07/05/24

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 1959

Lot Size 0.450 Acres

Property Description

6 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!

Location

State CA

County Orange

Area C5 - East Costa Mesa

Interior

Interior Features Quartz Counters, Stone Counters, Unfurnished, Wired for Data, All Bedrooms Down, Bedroom on Main Level, Main Level Primary

Heating Ductless, Electric, ENERGY STAR Qualified Equipment, Zoned

Cooling Ductless, Electric, ENERGY STAR Qualified Equipment, Zoned

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance 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 Washer Hookup, Electric Dryer Hookup, Inside, Laundry Closet, Stacked

Exterior

Exterior Feature Rain Gutters

Garage Assigned

Garage Spaces 6.0

Garage Description 6.0

Fence Vinyl, Wood

Pool None

Community Features Hiking, Preserve/Public Land, Street Lights, Sidewalks, Urban

Utilities Available 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

View Y/N No

View None

Accessibility No Stairs, Accessible Doors, Accessible Entrance

Parking Type Assigned

Total Parking Spaces 16

Private Pool No

Building

Lot Description 6-10 Units/Acre, Paved, Rectangular Lot, Sprinklers Timer, Sprinkler System

Story 1

Entry Level One

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Bungalow, Cottage, Mid-Century Modern

Level or Stories One

New Construction No

Construction Status Updated/Remodeled,Turnkey

Others

Senior Community No

Tax ID 43910102

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Veronica Hicks • Condos Etc, Inc • 714-336-5551
Bought with James Kezios • Pacific Sotheby's Int'l Realty
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