2658 Santa Ana Avenue, Costa Mesa

$5,178,000

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0.45

Acres

Listing Agent
Veronica Hicks - Condos Etc, Inc

About 2658 Santa Ana Avenue

6 UNIT COMPLEX COMPLETELY REMODELED WITH RARE MARKET VALUE RENTS SO THAT YOU AREN'T BELOW MARKET OUT OF THE GATE. This complex 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!

Features of 2658 Santa Ana Avenue

MLS® # NP24028350
Price $5,178,000
Bathrooms 0.00
Acres 0.45
Year Built 1959
Type Commercial Sale
Sub-Type Multi Family
Status Active

Community Information

Address 2658 Santa Ana Avenue
Area C5 - East Costa Mesa
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
Parking Spaces 10
Is Waterfront No
Has Pool No

Interior

Appliances Dryer, Washer
Heating Ductless, Electric, ENERGY STAR Qualified Equipment, Zoned
Cooling Ductless, Electric, ENERGY STAR Qualified Equipment, Zoned
Has Basement No
Fireplace No
# of Stories 1

Exterior

Exterior Drywall, Stucco
Lot Description 6-10 Units/Acre, Paved, Rectangular Lot, Sprinklers Timer, Sprinkler System
Construction Drywall, Stucco

Additional Information

Date Listed February 8th, 2024
Days on Market 75
Foreclosure No
Short Sale No
RE / Bank Owned No
Leased Land Fee
Senior Community No

Listing Details

AgentVeronica Hicks
OfficeCondos Etc, Inc

Listing Map

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