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Offered For Sale

2658 Santa Ana Avenue

#NP24028330

MLF

Built in 1959

$5,178,000

About the property

Welcome to 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

General

  • Accessibility Doors - Swing In
    Entry Slope Less Than 1 Foot
    No Interior Steps
  • Half Bathrooms 0
  • Real Estate Sub Type SingleFamilyResidence
  • Real Estate Type MLF
  • Square Feet 4,800
  • Stories 1
  • Year Built 1,959
  • Agent Name Veronica Hicks
  • Broker Id NP6957
  • Office Name Condos Etc
    Inc
  • Days On Market 0
  • Status Active
  • Agent Cell 714-336-5551

Building

  • Construction Drywall Walls
    Stucco
  • Cooling Ductless
    Electric
    ENERGY STAR Qualified Equipment
    Zoned
  • Exterior Features Rain Gutters
  • Flooring Laminate
  • Foundation Slab
  • Heating Ductless
    Electric
    ENERGY STAR Qualified Equipment
    Zoned
  • Interior Features Quartz Counters
    Stone Counters
    Unfurnished
    Wired for Data
  • Style Bungalow
    Cottage
    Mid Century Modern

Location

  • Subdivision Eastside Central (ECCM)
  • View None

Location

Questions

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