Property Details
About this Property
Introducing 2350 Santa Ana Ave, a six-unit apartment complex in Eastside Costa Mesa, CA. Built in 1963 and renovated in 2023-2024, the property blends modern comforts with classic charm on an 18,061 sq. ft. lot. It features a mix of one-, two-, and two-bedroom + den units with private outdoor spaces. Three units have been fully upgraded with new electrical and plumbing systems, energy-efficient windows, split HVAC units, premium flooring, custom cabinetry, designer bathrooms, and stainless steel appliances. The remaining three units will be similarly renovated before closing, making the property turnkey. Currently master leased through October 2025, the property generates $25,000 per month, offering a 5.50% cap rate with minimal owner obligations. Additionally, it holds future potential with an approved plan for five 1,700 sq. ft. condominium units. Whether continuing the lease, repositioning as multifamily, or redeveloping, 2350 Santa Ana Ave offers multiple paths to long-term value creation.
MLS Listing Information
MLS #
CROC24175525
MLS Source
California Regional MLS
Days on Site
90
Interior Features
Appliances
Dryer, Washer
Parking, School, and Other Information
Garage/Parking
Garage: 4 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
Tyler Leeson
Marcus & Millichap RE Invest
License #: 01451551
Phone: (949) 419-3326
Co-Listing Agent
Wmichael Cavner
License #: 01274709
Phone: (949) 456-0375
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 4 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
2350 Santa Ana Ave is a Residential Income in Costa Mesa, CA 92627. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $4,500,000 and was built in 1963. This address can also be written as 2350 Santa Ana Ave, Costa Mesa, CA 92627.
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This listing information is up-to-date as of September 27, 2024. For the most current information, please contact Tyler Leeson, (949) 419-3326
