Costa Mesa, CA 92627 2658 Santa Ana Avenue

2658 Santa Ana Avenue Costa Mesa, Ca - Image 12658 Santa Ana Avenue Costa Mesa, Ca - Image 22658 Santa Ana Avenue Costa Mesa, Ca - Image 3
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Presented By: Veronica Hicks with Condos Etc, Inc; 714-336-5551
  • MLS# NP24028330
  • 02/08/2024
  • Request Tour
  • Request Info
  • BedBeds • 12
  • BathBaths • 6
  • FootageSQFT • 4,800
  • GarageGarage • 6

Home Details

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!
Presented By: Veronica Hicks with Condos Etc, Inc; 714-336-5551

Interior Features for 2658 Santa Ana Avenue

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate
Heating Y/NYes
Laundry FeaturesWasherHookup, ElectricDryerHookup, Inside, LaundryCloset, Stacked
Street SuffixAvenue
Total Stories1
Window FeaturesDoublePaneWindows, ENERGYSTARQualifiedWindows, InsulatedWindows

Other Rooms

Entry Level1

General for 2658 Santa Ana Avenue

AccessibilityNoStairs, AccessibleDoors, AccessibleEntrance
Additional Parcels Y/NNo
AppliancesDishwasher, ENERGYSTARQualifiedAppliances, ENERGYSTARQualifiedWaterHeater, GasCooktop, Disposal, GasOven, GasWaterHeater, IceMaker, Refrigerator, RangeHood, SelfCleaningOven, WaterHeater, Dryer, Washer
Architectural StyleBungalow, Cottage, MidCenturyModern
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate3.6
Carport Y/NNo
CityCosta Mesa
Community FeaturesHiking, PreservePublicLand, StreetLights, Sidewalks, Urban
Construction MaterialsDrywall, Stucco
CoolingDuctless, Electric, ENERGYSTARQualifiedEquipment, Zoned
CountyOrange
Current FinancingConventional
Days on Market32
DirectionsBetween Mesa and University off the 55 Freeway
DisclosuresHomeWarranty, RentControl, Unincorporated
ElectricElectricityOnProperty
Energy EfficientAppliances, WaterHeater
Entry LocationSanta Ana
Exterior FeaturesRainGutters
Garage Spaces6.0
Garage Y/NYes
Green Water ConservationWaterSmartLandscaping
Gross Income269520.0
HOA0.0
HOA / Comm AssnNo
HeatingDuctless, Electric, ENERGYSTARQualifiedEquipment, Zoned
Home Warranty Y/NNo
Insurance Expense6000.0
Interior FeaturesQuartzCounters, StoneCounters, Unfurnished, WiredforData, AllBedroomsDown, BedroomonMainLevel, MainLevelPrimary
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsItem1031Exchange
Lot Size Square Feet19602.0
MLS AreaC5 - East Costa Mesa
MaintenanceExpense4800.0
MobileHomeRemainsYNNo
Net Operating Income186831.0
New ConstructionNo
Open Parking Spaces10.0
Operating Expense82692.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NNo
Property ConditionUpdatedRemodeled, Turnkey
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street NameSanta Ana
Subdivision NameEastside Central (ECCM)
Tax Lot75
Taxes$58,103
Tenant PaysCableTV, Electricity, Gas, Telephone
Total Units6
Trash Expense0.0
UtilitiesCableAvailable, CableConnected, ElectricityAvailable, ElectricityConnected, NaturalGasAvailable, NaturalGasConnected, PhoneAvailable, PhoneConnected, SewerAvailable, SewerConnected, WaterAvailable, WaterConnect
ViewNone
View Y/NNo
Virtual TourClick here
Virtual TourClick here
Walk Score65
Water Sewer Expense1500.0
Waterfront Y/NNo
Year Built1959
Year Built SourceAssessor

Exterior for 2658 Santa Ana Avenue

Building Area Total4800.0
Crops Included Y/NNo
Door FeaturesPanelDoors
FencingVinyl, Wood
Foundation DetailsSlab
Horse Y/NNo
InclusionsAll Appliances
Irrigation Water Rights Y/NNo
Lot FeaturesItem610UnitsAcre, Paved, RectangularLot, SprinklersTimer, SprinklerSystem
Lot Size Acres0.45
Lot Size Area19602.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings6
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesAssigned
Road Frontage TypeCityStreet
Road ResponsibilityPrivateMaintainedRoad
Road Surface TypePaved
SpaNo
Total Parking16.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $5,178,000
MLS#NP24028330
List Date 02/08/2024
Property Type Multi-Family
Phone 714.964.3311
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Request Info
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