Costa Mesa, CA 92627,2422 Santa Ana Avenue
$3,000,000
$3,000,000
Est.Price: ?

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12 BD

2422 Santa Ana Avenue Costa Mesa, CA 92627

Est. payment /mo
SOLD DATE : 10/25/2024

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Key Details

Sold Price $3,000,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Subdivision Eastside South (Escm)

MLS Listing ID NP24193949

Bedrooms 12

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 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 propertys 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

Community Horse Trails

Zoning Public Rec

Exterior

View Y/N No

Building

Story 1

Others

Acceptable Financing Cash

Listing Terms Cash

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MLS Router / San Diego MLS
Listed by Jon Flagg Pacific Sotheby's Int'l Realty
Bought with Mark Bridge Mark Bridge, Broker

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Gloria Shepard

Gloria Shepard

CA DRE #01040966

+1(619) 889-8498

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