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!
Sold for $4,980,000 on 07/05/24
Listing Provided by:
Veronica Hicks DRE #01443184 714-336-5551,
Condos Etc, Inc
$4,980,000
2658 Santa Ana Ave, Costa Mesa, CA 92627
--beds
--baths
4,800sqft
Mixed Use
Built in 1959
-- sqft lot
$-- Zestimate®
$1,038/sqft
$3,255 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 05, 2024 at 10:12am
Listing Provided by:
Veronica Hicks DRE #01443184 714-336-5551,
Condos Etc, Inc
Bought with:
James Kezios, DRE #02112863
Pacific Sotheby's Int'l Realty
Source: CRMLS,MLS#: NP24028330
Originating MLS: California Regional MLS

Facts & features
Interior
Heating
- Ductless, Electric, ENERGY STAR Qualified Equipment, Zoned
Cooling
- Ductless, Electric, ENERGY STAR Qualified Equipment, Zoned
Appliances
- Included: 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
Features
- Quartz Counters, Stone Counters, Unfurnished, Wired for Data, All Bedrooms Down, Bedroom on Main Level, Main Level Primary
- Flooring: Laminate
- Doors: Panel Doors
- Windows: Double Pane Windows, ENERGY STAR Qualified Windows, Insulated Windows
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 4,800
- Total interior livable area: 4,800 sqft
Property
Parking
- Total spaces: 16
- Parking features: Assigned
- Garage spaces: 6
- Uncovered spaces: 10
Accessibility
- Accessibility features: No Stairs, Accessible Doors, Accessible Entrance
Features
- Levels: One
- Stories: 1
- Entry location: Santa Ana
- Exterior features: Rain Gutters
- Pool features: None
- Spa features: None
- Fencing: Vinyl,Wood
- Has view: Yes
- View description: None
Lot
- Size: 0.45 Acres
- Features: 6-10 Units/Acre, Paved, Rectangular Lot, Sprinklers Timer, Sprinkler System
Details
- Parcel number: 43910102
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow,Cottage,Mid-Century Modern
- Property subtype: Mixed Use
Materials
- Drywall, Stucco
- Foundation: Slab
Condition
- Updated/Remodeled,Turnkey
- New construction: No
- Year built: 1959
Utilities & green energy
- Electric: Electricity - On Property
- Sewer: Public Sewer
- Water: Public
- Utilities for property: 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
Green energy
- Energy efficient items: Appliances, Water Heater
- Water conservation: Water-Smart Landscaping
Community & neighborhood
Community
- Community features: Hiking, Preserve/Public Land, Street Lights, Sidewalks, Urban
Location
- Region: Costa Mesa
- Subdivision: Eastside Central (Eccm)
Other
Other facts
- Listing terms: 1031 Exchange
- Road surface type: Paved