Costa Mesa, CA 92627,2422 Santa Ana AVE
Costa Mesa, CA 92627,2422 Santa Ana AVE
Costa Mesa, CA 92627,2422 Santa Ana AVE
7
$3,000,000
$3,000,000
Est.Price: ?

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0.39 Acres Lot

2422 Santa Ana AVE Costa Mesa, CA 92627

Est. payment /mo
SOLD DATE : 10/25/2024

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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

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MLS Listing IDX PLUS
Listed by Jon Flagg • Pacific Sotheby's Int'l Realty
Bought with Mark Bridge

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Epique Realty

Company | License ID: DRE01797917

+1(512) 387-0722

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