Homes for sale - 2422 Santa Ana AVE, Costa Mesa, CA 92627

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 4,809 sqft

Price per Sqft $623

Subdivision Eastside South (Escm)

MLS Listing ID NP24193953

Bedrooms 15

Full Baths 5

Half Baths 1

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 a very 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 unique multifamily, generational gem. Drive-by only. Viewing property subject to written offer.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

Flooring Tile

Fireplaces Type None

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,Suburban,Water Sports

Utilities Available Cable Available,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected

View Y/N No

View None

Building

Lot Description 0-1 Unit/Acre

Dwelling Type Multi Family

Story 1

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Newport Mesa Unified

Others

Acceptable Financing Cash,Cash to New Loan

Listing Terms Cash,Cash to New Loan

Special Listing Condition Standard