2422 Santa Ana Avenue, Costa Mesa, CA 92627
- $4,195,000
- List Price
- $4,195,000
- Status
- ACTIVE
- MLS#
- OC25140936
- Year Built
- 1952
- Lot Size
- 16,988
- Acres
- 0.39
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 18
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- One Level
- Neighborhood
- East Side Costa Mesa
Property Description
We are pleased to present 2414–2422 Santa Ana Avenue, a fully renovated five-unit property located in the heart of Eastside Costa Mesa, right on the edge of Newport Beach. This rare, generational investment features five detached, bungalow-style 3-bedroom homes—each offering the privacy and comfort of a single-family residence with the operational simplicity of a multifamily asset. Sited on an expansive 17,038 square foot lot, the property includes four 3-bedroom, 1-bath units—three with enclosed garages—and one 3-bedroom, 2-bath unit with a large private yard. Originally built in 1952 and completely renovated and stabilized in 2025, the owner spared no expense in the updates. Each unit showcases brand-new appliances, granite or quartz countertops, stylish wood laminate flooring, and in-unit washer and dryers. With a cohesive aesthetic and market-rate rents in place, the property is 100% occupied and offers immediate, strong cash flow. Ideally situated near 17th Street’s shops and restaurants, the Upper Newport Back Bay, top-rated public schools, and major freeways, this location is one of the most desirable in Orange County. Additionally, the property is adjacent to Newport Boulevard’s Measure K corridor, which is poised for significant future redevelopment. Offering turnkey condition, prime location, and long-term upside, 2414–2422 Santa Ana Ave is a truly exceptional investment opportunity in a high-demand coastal market.
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Additional Information
- Appliances
- Disposal, Gas Oven, Gas Range, Range Hood, Water Heater
- Pool Description
- None
- Heat
- Wall Furnace
- Exterior Construction
- Frame, Stucco
- Roof
- Composition, Shingle
- Garage Spaces Total
- 3
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Quartz Counters, All Bedrooms Down
- Attached Structure
- Attached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $243,360
- Operating Expense
- 59511
Listing courtesy of Listing Agent: Mark Bridge (Mark.Bridge@matthews.com) from Listing Office: Mark Bridge, Broker.
Mortgage Calculator
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