Costa Mesa, CA 92627,2422 Santa Ana Avenue
Costa Mesa, CA 92627,2422 Santa Ana Avenue
Costa Mesa, CA 92627,2422 Santa Ana Avenue
Listed by Jon Flagg • Pacific Sotheby's Int'l Realty
$3,000,000
Est. payment /mo
Est.Price: ?

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15 Beds
6 Baths
4,809 SqFt
SOLD DATE : 10/25/2024

Key Details

Sold Price $3,000,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 4,809 sqft

Price per Sqft $623

Subdivision Eastside South

MLS Listing ID NP-24193953

Bedrooms 15

Full Baths 5

Half Baths 1

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 a very 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 unique multifamily, generational gem. Drive-by only. Viewing property subject to written offer.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

Interior

Cooling None

Flooring Tile

Fireplaces Type None

Laundry Washer Hookup

Exterior

Garage Spaces 3.0

Pool None

Community Features Biking, Curbs, Fishing, Golf, Hiking, Horse Trails, Park, Preserve/Public Land, Suburban, Watersports

Utilities Available Sewer Connected, Water Connected, Cable Available, Electricity Connected, Natural Gas Connected, Phone Available

View Y/N No

View None

Building

Lot Description 0-1 Unit/Acre

Sewer Public Sewer

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Paul Ward

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Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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