$3,000,000
SOLD OCT 25, 2024
15 Beds
5.5 Baths
4,809 Sq Ft
0.39 Acres

Recently Sold

$624 Per Sq Ft

Highlights

  • Golf Course Community
  • Fishing
  • No HOA
  • Heinz Kaiser Elementary School Rated A
  • 0.39 Acre Lot
  • 3-minute walk to Brentwood Park

About This Home

As of October 2024

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.

Last Agent to Sell the Property

Jon Flagg

Pacific Sotheby's Int'l Realty Brokerage Email: jon@flaggrealestate.com License #01316048 Listed on: 09/20/2024

Pacific Sotheby's Int'l Realty

Co-Listed By

Kyle Flagg

Pacific Sotheby's Int'l Realty Brokerage Email: jon@flaggrealestate.com License #02095991

Last Buyer's Agent

Mark Bridge

Mark Bridge, Broker License #01316702

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1952

Lot Details

  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Attached Garage

Interior Spaces

  • 4,809 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Bedrooms and Bathrooms

  • 15 Main Level Bedrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Washer Hookup

Location

  • Suburban Location

Utilities

  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 113
  • Tax Tract Number 300
  • Assessor Parcel Number 43913105
  • $3,187 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Eastside South Subdivision
  • Property is near a preserve or public land

Recreation

  • Golf Course Community
  • Fishing
  • Park
  • Water Sports
  • Horse Trails
  • Hiking Trails
  • Bike Trail

Property Details

Home Type

Condominium

Year Built

Built in 1952

Lot Details

0

Parking

3

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Eastside South (ESCM)
  • View: No
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 43913105
  • Year Built: 1952
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 4809.00 Square Feet
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 15
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 6
  • Main Level Bedrooms: 15
  • Price Per Square Foot: 623.83
  • Room Type: All Bedrooms Down
  • Bathroom Features: Bathtub, Shower In Tub

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Biking, Curbs, Fishing, Golf, Hiking, Horse Trails, Park, Watersports, Preserve/Public Land, Suburban

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 17025.00
  • Lot Size Acres: 0.3908

Multi Family

  • Lease Considered: No
  • Lot Size Area: 17025.0000 Square Feet
  • Number Of Units In Community: 5
  • Number Of Units Total: 5

Tax Info

  • Tax Census Tract: 631.02
  • Tax Lot: 113
  • Tax Tract Number: 300
  • TaxOtherAnnualAssessmentAmount: 3187.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2025 06/24/25 For Sale $4,195,000 +39.8% $872 / Sq Ft
10/25/2024 10/25/24 Sold $3,000,000 0.0% $624 / Sq Ft
10/25/2024 10/25/24 Sold $3,000,000 0.0% $624 / Sq Ft
09/20/2024 09/20/24 For Sale $3,000,000 0.0% $624 / Sq Ft
09/20/2024 09/20/24 For Sale $3,000,000 -- $624 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP24193953

California Regional Multiple Listing Service (CRMLS)