Jordan Bennett of Regency Real Estate Brokers
Orange County Condo ManiaMLS: NP24193953 $3,000,000
15 Bedrooms with 6 Baths2422 SANTA ANA AVENUE
COSTA MESA CA 92627MLS: NP24193953
Status: ACTIVE
List Price: $3,000,000
Price per SQFT: $624
Square Footage: 480915 Bedrooms
6 Baths
Year Built: 1952
Zip Code: 92627Listing Agent: JON FLAGG of PACIFIC SOTHEBY'S INT'L REALTY jon@flaggrealestate.com
Listing 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 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.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.
Address: 2422 SANTA ANA AVENUE COSTA MESA CA 92627
Featured Buyer's Agent:
Jordan BennettRegency Real Estate Brokers
Team Lead - BRE: 01850869
Phone: 949-829-7484
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Listing Details
STATUS: Active SPECIAL LISTING CONDITIONS: Standard LISTING CONTRACT DATE: 2024-09-12 BEDROOMS: 15 BATHROOMS FULL: 5 BATHROOMS THREE QUARTER: 0 BATHROOMS HALF: 1 BATHROOMS ONE QUARTER: 0 LIVING AREA SQ FT: 4809 YEAR BUILT: 1952 COMMUNITY FEATURES: Biking, Curbs, Fishing, Golf, Hiking, HorseTrails, Park, PreservePublicLand, Suburban, WaterSports FIREPLACE: None FLOORING: Tile COOLING: None INTERIOR FEATURES: AllBedroomsDown LAUNDRY FEATURES: WasherHookup LOT FEATURES: Item01UnitAcre # GARAGE SPACES: 3 PROPERTY TYPE: Residential PROPERTY SUB TYPE: Condominium POOL FEATURES: None SPA FEATURES: None STORIES TOTAL: 1 NUMBER OF UNITS TOTAL: 5 VIEW: None LISTING AGENT: JON FLAGG LISTING OFFICE: PACIFIC SOTHEBY'S INT'L REALTY LISTING CONTACT: jon@flaggrealestate.com
Estimated Monthly Payments
List Price: $3,000,000 20% Down Payment: $600,000 Loan Amount: $2,400,000 Loan Type: 30 Year Fixed Interest Rate: 6.5 % Monthly Payment: $15,170 Estimate does not include taxes, fees, insurance.
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Property Location: 2422 SANTA ANA AVENUE COSTA MESA CA 92627
This Listing
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Featured Buyer's Agent:
Jordan BennettRegency Real Estate Brokers
Team Lead - BRE: 01850869
Phone: 949-829-7484
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Last Updated: 2024-09-28 05:02:56