2350 Santa Ana Avenue, Costa Mesa, CA 92627
  • MLS#: OC24175525 ( Apartment )
  • Street Address: 2350 Santa Ana Avenue
  • Viewed: 1
  • Price: $4,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1963
  • Bldg sqft: 0
  • Days On Market: 84
  • Additional Information
  • County: ORANGE
  • City: Costa Mesa
  • Zipcode: 92627
  • Subdivision: Other (othr)
  • Provided by: Marcus & Millichap RE Invest
  • Contact: Tyler Tyler
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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.
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 4427.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Country
  1. US
Days On Market
  1. 44
Electric Expense
  1. 0.00
Entry Location
  1. First level
Fuel Expense
  1. 0.00
Garage Spaces
  1. 4.00
Insurance Expense
  1. 0.00
Laundry Features
  1. Dryer Included
  2. Washer Included
Levels
  1. One
Lot Features
  1. Level with Street
Netoperatingincome
  1. 247505.00
Newtaxesexpense
  1. 47174.00
Parcel Number
  1. 43923115
Pool Features
  1. None
Postalcodeplus4
  1. 6500
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 421728033:CRM
Subdivision Name Other
  1. Santa Ana Heights
Totalexpenses
  1. 52496.00
Trash Expense
  1. 0.00
Uncovered Spaces
  1. 5.00
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1963
Year Built Source
  1. Assessor