2658 Santa Ana Avenue Costa Mesa, CA $ 5,178,000
2658 Santa Ana Avenue
$ 5,178,000
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2658 Santa Ana Avenue

Costa Mesa, CA, 92627
$ 5,178,000
Bedrooms12 Baths6.0 Sq 4,800

Monthly Estimate*

$ 34,415

Listed by Condos Etc, Inc
2658 Santa Ana Avenue, Costa Mesa, CA 92627 - Image 1
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Multi-Family Home for sale in Costa Mesa, CA

for $5,178,000 with 12 bedrooms and 6 full baths. This 4,800 square foot home was built in 1959 on a lot size of 0.45.

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!

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Multi-Family Active

Price

$ 5,178,000

Bedrooms

12

Full Bath

6

Property Type

Multi-Family

Taxes

$ 0

Style

Bungalow,Cottage,MidCenturyModern

Lot Size

0.45

Year Built

1959

Town/City

Costa Mesa

County/Region

Orange

MLS | Web ID

NP24028330

Days on Market

125

Features
General
Interior Features QuartzCounters StoneCounters Unfurnished WiredforData AllBedroomsDown BedroomonMainLevel MainLevelPrimary
Sewer PublicSewer
Heating Ductless Electric ENERGYSTARQualifiedEquipment Zoned
Cooling Ductless Electric ENERGYSTARQualifiedEquipment Zoned
Utilities CableAvailable CableConnected ElectricityAvailable ElectricityConnected NaturalGasAvailable NaturalGasConnected PhoneAvailable PhoneConnected SewerAvailable SewerConnected WaterAvailable WaterConnect
Possession CloseOfEscrow
Appliances Dishwasher ENERGYSTARQualifiedAppliances ENERGYSTARQualifiedWaterHeater GasCooktop Disposal GasOven GasWaterHeater IceMaker Refrigerator RangeHood SelfCleaningOven WaterHeater Dryer Washer
Exterior Features RainGutters
HOA 0.0
Garage Spaces 6.0
Architectural Style Bungalow Cottage MidCenturyModern
Pool Features None
Construction Materials Drywall Stucco
Year Built 1959
Electric ElectricityOnProperty
Tenant Pays CableTV Electricity Gas Telephone
View None
Stories 1
Levels One
Property SubType MixedUse
Gross Income 269520.0
Community Features Hiking PreservePublicLand StreetLights Sidewalks Urban
Accessibility NoStairs AccessibleDoors AccessibleEntrance
County Orange
Net Operating Income 186831.0
Operating Expense 82692.0
Insurance Expense 6000.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Energy Efficient Appliances WaterHeater
Subdivision Name Eastside Central (ECCM)
Garage Y/N Y
Green Water Conservation WaterSmartLandscaping
Special Listing Conditions Standard
Status Active
Directions Between Mesa and University off the 55 Freeway
City Costa Mesa
Disclosures HomeWarranty RentControl Unincorporated
Entry Location Santa Ana
View Y/N N
Senior Community Y/N N
Open Parking Spaces 10.0
NumberOfUnitsTotal 6
MLS Area C5 - East Costa Mesa
Lot Size Units SquareFeet
Lot Size Square Feet 19602.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Santa Ana
Listing Terms Item1031Exchange
Spa Features None
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Current Financing Conventional
Property Condition UpdatedRemodeled Turnkey
Trash Expense 0.0
Walk Score 65
Water Sewer Expense 1500.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Virtual Tour https://www.wellcomemat.com/mls/54fb06020dce1lhqf https://www.wellcomemat.com/video/54fb06020dce1lhqf/NP24028330/
Days on Market 32
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 75
Property Sub Type Additional MixedUse
Taxes 58103.0
Cap Rate 3.6
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Interior
Flooring Laminate
Fireplace Features None
Total Stories 1
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features DoublePaneWindows ENERGYSTARQualifiedWindows InsulatedWindows
Fireplace Y/N N
Laundry Features WasherHookup ElectricDryerHookup Inside LaundryCloset Stacked
Entry Level 1
Electric On Property Y/N N
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Exterior
Fencing Vinyl Wood
Parking Features Assigned
Lot Features Item610UnitsAcre Paved RectangularLot SprinklersTimer SprinklerSystem
Water Source Public
Total Parking 16.0
Inclusions All Appliances
Lot Size Area 19602.0
Foundation Details Slab
Number of Buildings 6
Spa N
Building Area Total 4800.0
Street Suffix Avenue
Lot Size Acres 0.45
Road Surface Type Paved
Lot Size Source Assessor
Door Features PanelDoors
Number of Separate Water Meters 0
Number of Separate Gas Meters 6
Number of Separate Electric Meters 6
Road Frontage Type CityStreet
Crops Included Y/N N
Road Responsibility PrivateMaintainedRoad
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 2658
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* Excluded Features
List By
Condos Etc, Inc

Broker

(949) 861-8181

Phone

Affordability Calculator

$34,415
Per Month
100%
0%
0%
Monthly Principal & Interest
$34,415
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/9/2024$5,178,000 Listed Price

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2658 Santa Ana Avenue, Costa Mesa, CA, 92627 is a Multi-Family Home for sale at $5,178,000 with 4,800 sqft and a lot size of 0.45. 2658 Santa Ana Avenue has 12 bedrooms, 6.0 baths, and was built in 1959. The property's zip code is 92627 which is in Costa Mesa, CA