2658 Santa Ana Avenue, Costa Mesa, CA 92627
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Sold Price :
$4,980,000
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Beds :
N/A
-
Baths :
N/A
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Property Size :
N/A sqft
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Year Built :
1959
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!
Interior Features
Bedroom Information |
Bedrooms |
N/A |
Bathroom Information |
Bathrooms |
N/A |
Flooring Information |
Material |
Laminate |
Interior Information |
Features |
Quartz Counters, Stone Counters, Unfurnished, Wired for Data |
Cooling Type |
Ductless, Electric, ENERGY STAR Qualified Equipment, Zoned |
Listing Information
Address |
2658 Santa Ana Avenue |
City |
Costa Mesa |
State |
CA |
Zip |
92627 |
County |
Orange |
Listing Agent |
Veronica Hicks DRE #01443184 |
Courtesy Of |
Condos Etc, Inc |
Close Price |
$4,980,000 |
Status |
Closed |
Type |
Residential Income |
Subtype |
Commercial/Residential |
Structure Size |
N/A |
Lot Size |
19,602 |
Year Built |
1959 |
Listing information courtesy of: Veronica Hicks, Condos Etc, Inc. *Based on information from the Association of REALTORS/Multiple Listing as of Jul 5th, 2024 at 10:12 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.