2658 Santa Ana Ave, Costa Mesa, CA 92627
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2658 Santa Ana Ave Costa Mesa, CA 92627

$5,178,000
  • 72 Beds
  • 27 Baths
  • 4,800 Sq.Ft.
For Sale
$5,178,000 Get Pre-Qualified

Map preview of 2658 Santa Ana Ave, Costa Mesa, CA 92627

Property Overview: 2658 Santa Ana Ave Costa Mesa, CA has 72 bedrooms, 27 bathrooms, 4,800 living square feet and 19,602 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: 6 UNIT COMPLEX COMPLETELY REMODELED WITH RARE MARKET VALUE RENTS SO THAT YOU AREN'T BELOW MARKET OUT OF THE GATE. This complex 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!

Listed by Veronica Hicks | BRE #01443184 | Condos Etc, Inc
Last checked: 3 minutes ago | Last updated: March 11th, 2024 | Source CRMLS | DOM: 77
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Home details

Lot Sq. Ft
19,602
HOA Dues
$0/mo
Year built
1959
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
NP24028350
City
Costa Mesa
County
Orange
Time on Site
90 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 6
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 12
  • # of Baths: 6
  • Garage Spaces: 6
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,743
  • Total Rent: $22,420
  • Pro Forma/Market Rent: $22,420
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.4%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $269,520
  • Net Operating Income: $186,831
  • Gross Operating Income: --
  • Vacancy Allowance: $8,086
  • Laundry Income: $0
  • Other Income 1: $0
Annual Expense Breakdown
  • Total Operating Expense: $82,692
  • Trash: $0
  • Insurance: $6,000
  • Maintenance: $4,800
  • Professional Management: $0
  • Water/Sewer: $1,500

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Property Details for 2658 Santa Ana Ave

Interior Features
Cooling Information
  • Has Cooling
  • Ductless, Electric, ENERGY STAR Qualified Equipment, Zoned
Heating Information
  • Has Heating
  • Ductless, Electric, ENERGY STAR Qualified Equipment, Zoned
Laundry Information
  • Dryer Included, Electric Dryer Hookup, In Closet, Inside, Stackable, Washer Hookup, Washer Included
Exterior Features
Exterior Information
  • Has Fence
  • Vinyl, Wood
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
Lot Information
  • Lot Features: 6-10 Units/Acre, Lot 10000-19999 Sqft, Rectangular Lot, Paved, Sprinkler System, Sprinklers Timer
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 6
  • Parcel Number: 43910102
  • Year Built Source: Assessor
  • Entry Level: 1
  • Offered With Property: All Appliances
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: 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
Location / Neighborhood
Location Information
  • Directions: Between Mesa and University off the 55 Freeway
View more facts & features

Local Costa Mesa Agent

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Sale History for 2658 Santa Ana Ave

View property's historical transactions
  • February, 2024

  • Feb 9, 2024

    Date

    Active

    CRMLS: NP24028350

    $5,178,000

    Price

Tax History for 2658 Santa Ana Ave

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

2658 Santa Ana Ave is listed 270.12% higher than the median list price for the city of Costa Mesa which has a median list price of $1,399,000. The median price per/sqft for Costa Mesa is $806 and this home is listed at $1078.75 per/sqft which puts the price per square foot 33.84% higher than the median price per square foot for the city of Costa Mesa.

About 2658 Santa Ana Ave

Detailed summary of property

2658 Santa Ana Ave is a multi family located in Costa Mesa, CA 92627 and is currently for sale. This multi family property offers 72 bedrooms, 27 bathrooms, roughly 4,800 living square feet, and sits on an approximately 19,602 square foot lot. 2658 Santa Ana Ave was first listed on ArdentRealEstateGroup.com on February 9, 2024. The homeowner is currently asking $5,178,000. The median priced home in Costa Mesa is $1,399,000 with a median price per square foot of $806. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is listed 270.12% higher than the median priced home. Local competing homes currently for sale include 18732 Corby Ave, 1600 Long Beach Blvd and 1628 Long Beach Blvd. While the average home in Costa Mesa, CA is selling in 30 days, 2658 Santa Ana Ave has a days on market of 77 days. There are currently 116 homes for sale in the Costa Mesa real estate market and 90 of them are single family homes while 9 of them are condos and 17 are townhomes. For more information on this home for sale at 2658 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 2658 Santa Ana Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

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
$1,389,000
Median List Price/Sq.Ft.
$828
Median Sold Price
$1,500,000
Median Sold Price/Sq.Ft.
$788
Total Inventory
68
Median Sale to List Price %
100%
Avg Days on Market
28
Loan Type
Conventional (44.44%), FHA (0%), VA (0%), Cash (38.89%), Other (16.67%)

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Related Resources to 2658 Santa Ana Ave

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.