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2422 Santa Ana Ave, Costa Mesa, CA 92627
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2422 Santa Ana Ave Costa Mesa, CA 92627

$3,000,000
  • 15 Beds
  • 5.5 Baths
  • 4,809 Sq.Ft.
For Sale
$3,000,000 Get Pre-Qualified
Map preview of 2422 Santa Ana Ave, Costa Mesa, CA 92627

Property Overview: 2422 Santa Ana Ave Costa Mesa, CA has 15 bedrooms, 5.5 bathrooms, 4,809 living square feet and 17,025 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Jon Flagg | BRE #01316048 | Pacific Sotheby's Int'l Realty
Co-listed by Kyle Flagg | BRE #02095991 | Pacific Sotheby's Int'l Realty
Last checked: 11 minutes ago | Last updated: September 21st, 2024 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
17,025
HOA Dues
$0/mo
Year built
1952
Garage
3 Car
Property Type:
Apartment
Status
Active
MLS#
NP24193949
City
Costa Mesa
County
Orange
Time on Site
8 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 5
  • # of Leased Units: 5
  • # of Electric Meters: 0
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,900
  • Total Rent: $2,900
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $130,230
  • Net Operating Income: $109,625
  • Gross Operating Income: $130,320
Annual Expense Breakdown
  • Total Operating Expense: $20,605
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Open Houses for 2422 Santa Ana Ave

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Property Details for 2422 Santa Ana Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Public Records
  • Common Interest: Community Apartment
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 5
  • Parcel Number: 43913105
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside South (ESCM)
  • Directions: Newport Blvd to Mesa Dr. left to Santa Ana Ave right
Neighborhood Information
  • Community Features: Biking, Curbs, Fishing, Golf, Hiking, Horse Trails, Park, Watersports, Preserve/Public Land, Sidewalks, Storm Drains, Street Lights, Suburban
View more facts & features

Local Costa Mesa Agent

Sale History for 2422 Santa Ana Ave

Last sold on April 13th, 2006

  • September, 2024

  • Sep 20, 2024

    Date

    Active

    CRMLS: NP24193949

    $3,000,000

    Price

  • April, 2006

  • Apr 13, 2006

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2422 Santa Ana Ave

Assessed Value (2020): $115,478
Year Land Value Improved Value Assessed Value
2020 $36,953 $78,525 $115,478

Home Value Compared to the Market

This property vs the competition

2422 Santa Ana Ave is listed 100.67% higher than the median list price for the city of Costa Mesa which has a median list price of $1,495,000. The median price per/sqft for Costa Mesa is $778 and this home is listed at $623.83 per/sqft which puts the price per square foot 19.82% lower than the median price per square foot for the city of Costa Mesa.

About 2422 Santa Ana Ave

Detailed summary of property

2422 Santa Ana Ave is a apartment located in Costa Mesa, CA 92627 and is currently for sale. This apartment offers 15 bedrooms, 5.5 bathrooms, roughly 4,809 living square feet, and sits on an approximately 17,025 square foot lot. 2422 Santa Ana Ave was first listed on ArdentRealEstateGroup.com on September 20, 2024. The homeowner is currently asking $3,000,000. The median priced home in Costa Mesa is $1,495,000 with a median price per square foot of $778. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is listed 100.67% higher than the median priced home. Local competing homes currently for sale include 129 45th St, 129 45th St and 5204 Neptune Ave. While the average home in Costa Mesa, CA is selling in 42 days, 2422 Santa Ana Ave has a days on market of 8 days. There are currently 155 homes for sale in the Costa Mesa real estate market and 112 of them are single family homes while 26 of them are condos and 17 are townhomes. For more information on this home for sale at 2422 Santa Ana Ave Costa Mesa, CA 92627 contact Ardent Real Estate Group and we will put you in touch with one of our Costa Mesa agents.

Public Facts for 2422 Santa Ana Ave

Public county record property details
Beds
--
Baths
--
Year built
1952
Sq. Ft.
4,542
Lot Size
18,831
Stories
1
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
113
APN
439-131-05

The source for these homes facts are from public records.

92627 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,420,000
Median List Price/Sq.Ft.
$786
Median Sold Price
$1,070,000
Median Sold Price/Sq.Ft.
$855
Total Inventory
91
Median Sale to List Price %
99.17%
Avg Days on Market
20
Loan Type
Conventional (66.67%), FHA (0%), VA (0%), Cash (5.56%), Other (22.22%)

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Costa Mesa Agent
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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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