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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 a very 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 unique multifamily, generational gem. Drive-by only. Viewing property subject to written offer.
Last Updated | 9/20/2024 | Tract | Eastside South (ESCM) |
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Year Built | 1952 | Community | East Costa Mesa |
Garage Spaces | 3.0 | County | Orange |
SCHOOLS
School District | Newport Mesa Unified |
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Additional Details
AIR | None |
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AREA | East Costa Mesa |
GARAGE | Yes |
HOA DUES | 0 |
INTERIOR | All Bedrooms Down |
LOT | 0.39 acre(s) |
LOT DESCRIPTION | 0-1 Unit/Acre |
POOL DESCRIPTION | None |
SEWER | Public Sewer |
STORIES | 1 |
SUBDIVISION | Eastside South (ESCM) |
UTILITIES | Cable Available,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected |
VIEW DESCRIPTION | None |
WATER | Public |
Location
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