2422 Santa Ana Ave - Apartments FOR SALE


Costa Mesa, CA 92627- East Side Costa Mesa
$3,995,000 USD
949-681-8388
2422 Santa Ana Ave, Costa Mesa, CA for Sale
$3,995,000 USD
Apartments - FOR SALE
1/12
null | 4.5% Cap Rate

2422 Santa Ana Ave
Costa Mesa, CA 92627
East Side Costa Mesa


HIGHLIGHTS

  • FIVE DETACHED HOMES – Unique bungalow-style units offer single family living within a multifamily investment structure.
  • FULLY RENOVATED IN 2025 – Turnkey asset with brand-new appliances, quartz/granite countertops, and modern finishes throughout.
  • LARGE LOT SIZE – Situated on a rare ±17,038 SF lot in the heart of Eastside Costa Mesa.
  • STRONG UNIT MIX – Includes four 3-bed/1-bath units and one 3-bed/2- bath unit with a large private yard; three units feature enclosed garages.
  • MARKET-RATE RENTS – Property is 100% occupied with stabilized, in place market rents for immediate income.
  • PRIME COASTAL LOCATION – Blocks from Newport Beach and walkable to Back Bay and top-rated schools.

OVERVIEW

Mark Bridge and Nick Solomon with Matthews are pleased to present 2414 Santa Ana Avenue, a five-unit multifamily property located in Costa Mesa. Originally built in 1952 and fully renovated in 2025, the property totals approximately ±4,809 rentable square feet across a single-story layout. The unit mix provides practical living spaces well-suited for long-term rental demand. Situated in Orange County, Costa Mesa benefits from its central location within one of Southern California’s most established residential and commercial markets. The area is characterized by a well-educated, diverse population and a strong local economy anchored by major industries including healthcare, technology, tourism, and financial services. The property offers convenient access to Newport Boulevard and is located near key destinations such as South Coast Plaza, John Wayne Airport, The LAB Anti-Mall, Triangle Square, and the Newport Beach Pier and Balboa Park Peninsula. This location provides a balanced mix of retail, employment, and recreational amenities that support stable rental demand and long-term investment potential.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$831 USD /SF

# OF UNITS

5

PRICE/UNIT

$799,000

CAP RATE

4.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

Mulitfamily

APN/PARCEL ID

439-131-05

ASK ABOUT THIS PROPERTY

Mark BridgeThe Bridge Multifamily Team at MatthewsMore Info
949-681-8388

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Mark BridgeThe Bridge Multifamily Team at MatthewsMore Info
949-681-8388

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.