For more information regarding the value of a property, please contact us for a free consultation.
2422 Santa Ana AVE Costa Mesa, CA 92627
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $3,000,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRNP24193949
Sold Date 10/25/24
Originating Board California Regional MLS
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 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
Interior
Cooling None
Laundry 30
Exterior
Garage Spaces 3.0
Pool None
View None
Building
Story One Story
Water District - Public
Others
Tax ID 43913105
Special Listing Condition Not Applicable
Read Less
© 2024 MLSListings Inc. All rights reserved.
Bought with Mark Bridge