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Key Details
Sold Price $4,980,000
Property Type Multi-Family
Sub Type Mixed Use
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
Construction Status Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 1959
Lot Size 0.450 Acres
Acres 0.45
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
Ensuite Laundry Washer Hookup, Electric Dryer Hookup, Inside, Laundry Closet, Stacked
Interior
Interior Features Quartz Counters, Stone Counters, Unfurnished, Wired for Data, All Bedrooms Down, Bedroom on Main Level, Main Level Primary
Laundry Location Washer Hookup,Electric Dryer Hookup,Inside,Laundry Closet,Stacked
Heating Ductless, Electric, ENERGY STAR Qualified Equipment, Zoned
Cooling Ductless, Electric, ENERGY STAR Qualified Equipment, Zoned
Flooring Laminate
Fireplaces Type None
Fireplace No
Appliance Dishwasher, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Gas Cooktop, Disposal, Gas Oven, Gas Water Heater, Ice Maker, Refrigerator, Range Hood, Self Cleaning Oven, Water Heater, Dryer, Washer
Laundry Washer Hookup, Electric Dryer Hookup, Inside, Laundry Closet, Stacked
Exterior
Exterior Feature Rain Gutters
Garage Assigned
Garage Spaces 6.0
Garage Description 6.0
Fence Vinyl, Wood
Pool None
Community Features Hiking, Preserve/Public Land, Street Lights, Sidewalks, 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 Y/N No
View None
Accessibility No Stairs, Accessible Doors, Accessible Entrance
Parking Type Assigned
Total Parking Spaces 16
Private Pool No
Building
Lot Description 6-10 Units/Acre, Paved, Rectangular Lot, Sprinklers Timer, Sprinkler System
Story 1
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Bungalow, Cottage, Mid-Century Modern
Level or Stories One
New Construction No
Construction Status Updated/Remodeled,Turnkey
Others
Senior Community No
Tax ID 43910102
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with James Kezios • Pacific Sotheby's Int'l Realty
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