2422 Santa Ana Avenue
Costa Mesa, CA 92627
0.39 acres | #NP24193949
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 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.
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Jon Flagg (#U10312)
Listing Office: Pacific Sotheby's Int'l Realty (#NP5039)
Listing Courtesy (Buyer)
Buyer's Agent: Mark Bridge (#SBRIDMA2)
