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2658 Santa Ana Avenue, Costa Mesa

$5,178,000 - $5.2M Price - .45 Acres - 75 DOM

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!

Listing Agent
Veronica Hicks - Condos Etc, Inc

Essential Information

For 2658 Santa Ana Avenue, Costa Mesa
  • 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

For 2658 Santa Ana Avenue, Costa Mesa
  • Address 2658 Santa Ana Avenue
  • Area C5 - East Costa Mesa
  • City Costa Mesa
  • County Orange
  • Zip Code 92627

Amenities

For 2658 Santa Ana Avenue, Costa Mesa
  • Parking Spaces 10

Utilities

For 2658 Santa Ana Avenue, Costa Mesa

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

Interior

For 2658 Santa Ana Avenue, Costa Mesa
  • Appliances Dryer, Washer
  • # of Stories 1

Heating

For 2658 Santa Ana Avenue, Costa Mesa

Ductless, Electric, ENERGY STAR Qualified Equipment, Zoned

Cooling

For 2658 Santa Ana Avenue, Costa Mesa

Ductless, Electric, ENERGY STAR Qualified Equipment, Zoned

Exterior

For 2658 Santa Ana Avenue, Costa Mesa
  • Exterior Drywall, Stucco
  • Construction Drywall, Stucco

Lot Description

For 2658 Santa Ana Avenue, Costa Mesa

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

Additional Information

For 2658 Santa Ana Avenue, Costa Mesa
  • Date Listed February 8th, 2024
  • Days on Market 75

Listing Details

For 2658 Santa Ana Avenue, Costa Mesa
  • Agent Veronica Hicks
  • Office Condos Etc, Inc

Based on information from California Regional Multiple Listing Service, Inc. as of April 24th, 2024 at 6:25pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.