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2658 Santa Ana AVE Costa Mesa, CA 92627
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Key Details
Sold Price $4,980,000
Property Type Commercial
Sub Type Commercial/Residential
Listing Status Sold
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $1,037
Subdivision Eastside Central (Eccm)
MLS Listing ID NP24028330
Sold Date 07/05/24
Style Bungalow,Cottage,Mid Century Modern
Construction Status Turnkey,Updated/Remodeled
HOA Y/N No
Year Built 1959
Lot Size 0.450 Acres
Acres 0.45
Property Sub-Type Commercial/Residential
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!
Location
State CA
County Orange
Area C5 - East Costa Mesa
Rooms
Other Rooms All Bedrooms Down, Family Room, Kitchen, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom
Interior
Interior Features Quartz Counters, Stone Counters, Unfurnished, Wired for Data
Heating Ductless, Electric, ENERGY STAR Qualified Equipment, Zoned
Cooling Ductless, Electric, ENERGY STAR Qualified Equipment, Zoned
Flooring Laminate
Fireplaces Type None
Appliance Dishwasher, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Disposal, Gas Oven, Gas Cooktop, Gas Water Heater, Ice Maker, Range Hood, Refrigerator, Self Cleaning Oven, Water Heater
Laundry Dryer Included, Electric Dryer Hookup, In Closet, Inside, Stackable, Washer Hookup, Washer Included
Exterior
Exterior Feature Rain Gutters
Parking Features Assigned
Garage Spaces 6.0
Fence Vinyl, Wood
Pool None
Community Features Hiking, Preserve/Public Land, Sidewalks, Street Lights, Urban
Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
View None
Handicap Access Doors - Swing In, Entry Slope Less Than 1 Foot, No Interior Steps
Private Pool No
Building
Lot Description 6-10 Units/Acre, Lot 10000-19999 Sqft, Rectangular Lot, Paved, Sprinkler System, Sprinklers Timer
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Bungalow, Cottage, Mid Century Modern
Level or Stories One
New Construction No
Construction Status Turnkey,Updated/Remodeled
Others
Senior Community No
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 2.0
TERMS 1031 Exchange
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW CONTACT NAME Veronica Hicks
SHOW CONTACT PH 949-861-8181
SHOW INSTRUCTIONS DO NOT DISTURB THE TENANTS AND DO NOT ENTER THE GATED YARDS. Call Listing Agent - possible to show one unit with appointment and for serious buyers only.
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Bought with Pacific Sotheby's Int'l Realty