2350 Santa Ana Avenue
$4,500,000
3
10
4,427
4,427
$1,016
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...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.
- Listed by Tyler Leeson • DRE #01451551 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest • tleeson@marcusmillichap.com
- Listed by WMichael Cavner • DRE #01274709 • Brokerage DRE #01274709 • William Michael Cavner, Broker
Property Details for 2350 Santa Ana Avenue
Parking Spaces Total
9
Private PoolNo
Total Units6.0
Building TypeDetached
Lot Size SourceAssessor
Living Area4427
Assessor Parcel Number439-231-15
Property Attached YNfalse
LISTING UPDATED: 09/27/2024 07:06 AM
Property Details for 2350 Santa Ana Avenue
Status | Active |
---|---|
MLS # | OC24175525 |
Days on Market | 90 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1963 |
County | Orange County |
Building Information for 2350 Santa Ana Avenue
Building/Complex2350 Santa Ana AveFloor-Stories1Residences-Pet Policy-Year Built1963Building Size-
Property Information for 2350 Santa Ana Avenue
Property History for 2350 Santa Ana Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2350 Santa Ana Avenue
Taxable ValueLand$2,971,383Additions$212,241Total$3,183,624
Tax Record2024$37,614 ($3,134 / month)
Home Facts
Total Finished SqFt4,327 SqFtAbove Grade Finished SqFt4,327 SqFtLot Size18,061 SqFtStyleMulti-Family Res (5+ Units)Year Built1963CountyORANGEAPN439-231-15
Schools near 2350 Santa Ana Avenue
This home is within Newport-Mesa Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 2 | |||
Public - | 3 to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Woodland Elementary School PublicK to 2 | ||
Heinz Kaiser Elementary School Public3 to 6 | ||
Horace Ensign Intermediate School Public7 to 8 | ||
Newport Harbor High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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