We are pleased to present 24142422 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 homeseach 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 unitsthree with enclosed garagesand 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 Streets 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 Boulevards Measure K corridor, which is poised for significant future redevelopment. Offering turnkey condition, prime location, and long term upside, 24142422 Santa Ana Ave is a truly exceptional investment opportunity in a high demand coastal market.