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2350 Santa Ana Avenue Costa Mesa, CA $ 4,500,000
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$ 4,500,000 Get more info
2350 Santa Ana Avenue
$ 4,500,000
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2350 Santa Ana Avenue

Costa Mesa, CA, 92627
$ 4,500,000
Bedrooms10 Baths3.0 Sq 4,427

Monthly Estimate*

$ 26,951

Listed by Marcus & Millichap RE Invest
2350 Santa Ana Avenue, Costa Mesa, CA 92627 - Image 1
2350 Santa Ana Avenue, Costa Mesa, CA 92627 - Image 2
2350 Santa Ana Avenue, Costa Mesa, CA 92627 - Image 3
2350 Santa Ana Avenue, Costa Mesa, CA 92627 - Image 4
2350 Santa Ana Avenue, Costa Mesa, CA 92627 - Image 5
2350 Santa Ana Avenue, Costa Mesa, CA 92627 - Image 6
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2350 Santa Ana Avenue, Costa Mesa, CA 92627 - Image 8
2350 Santa Ana Avenue, Costa Mesa, CA 92627 - Image 9
2350 Santa Ana Avenue, Costa Mesa, CA 92627 - Image 10
2350 Santa Ana Avenue, Costa Mesa, CA 92627 - Image 11
2350 Santa Ana Avenue, Costa Mesa, CA 92627 - Image 12
2350 Santa Ana Avenue, Costa Mesa, CA 92627 - Image 13
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2350 Santa Ana Avenue, Costa Mesa, CA 92627 - Image 17
2350 Santa Ana Avenue, Costa Mesa, CA 92627 - Image 18
2350 Santa Ana Avenue, Costa Mesa, CA 92627 - Image 19

Multi-Family Home for sale in Costa Mesa, CA

for $4,500,000 with 10 bedrooms and 3 full baths. This 4,427 square foot home was built in 1963 on a lot size of 0.41.

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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Multi-Family Active

Price

$ 4,500,000

Bedrooms

10

Full Bath

3

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

0.41

Year Built

1963

Town/City

Costa Mesa

County/Region

Orange

MLS | Web ID

OC24175525

Days on Market

30
Features
General
Sewer PublicSewer
Appliances Dryer Washer
HOA 0.0
Garage Spaces 4.0
Pool Features None
Year Built 1963
Stories 1
Levels One
Property SubType Apartment
Gross Income 300000.0
Community Features Curbs Gutters Sidewalks
County Orange
Net Operating Income 247505.0
Operating Expense 52496.0
Insurance Expense 0.0
New Construction N
Property Type ResidentialIncome
Home Owner Assoc N
Attached Garage N
Subdivision Name Santa Ana Heights
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions Cross Streets of Santa Ana Avenue & Wilson Street
City Costa Mesa
Entry Location First level
View Y/N N
Senior Community Y/N N
Open Parking Spaces 5.0
NumberOfUnitsTotal 6
MLS Area C5 - East Costa Mesa
Lot Size Units Acres
Lot Size Square Feet 17859.6
Private Pool N
Waterfront Y/N N
Carport Y/N N
Terms Cash CashtoNewLoan Item1031Exchange
Property Attached Y/N N
Land Lease Y/N N
Electric Expense 0.0
Home Warranty Y/N N
Fuel Expense 0.0
Trash Expense 0.0
Water Sewer Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 11
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 106
Property Sub Type Additional Apartment
Taxes 47174.0
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Exterior
Lot Features StreetLevel
Water Source Public
Total Parking 9.0
Lot Size Area 0.41
Number of Buildings 4
Spa N
Building Area Total 4427.0
Lot Size Acres 0.41
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 6
Number of Separate Electric Meters 6
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 2350
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* Excluded Features
List By
Marcus & Millichap Re Invest

Broker

(949) 419-3326

Phone

Affordability Calculator

$26,951
Per Month
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Monthly Principal & Interest
$26,951
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Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/24/2024$4,500,000 Listed Price

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2350 Santa Ana Avenue, Costa Mesa, CA, 92627 is a Multi-Family Home for sale at $4,500,000 with 4,427 sqft and a lot size of 0.41. 2350 Santa Ana Avenue has 10 bedrooms, 3.0 baths, and was built in 1963. The property's zip code is 92627 which is in Costa Mesa, CA

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