2422 Santa Ana AVE, Costa Mesa, CA 92627 – OC25140936

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Gatehouse Properties

info@gatehouseproperties.com +1(714) 743-9882

$ 4,195,000

Est. payment | -/mo

0.39 Acres Lot

Save

$ 4,195,000

Est. payment | -/mo

Save

0.39 Acres Lot

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision East Side Costa Mesa

MLS Listing ID OC25140936

Construction Status Turnkey

HOA Y/N No

Year Built 1952

Lot Size 0.390 Acres

Property Sub-Type Mixed Use

Property Description

We are pleased to present 2414–2422 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 homes—each 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 units—three with enclosed garages—and 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 Street's 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 Boulevard's Measure K corridor, which is poised for significant future redevelopment. Offering turnkey condition, prime location, and long-term upside, 2414–2422 Santa Ana Ave is a truly exceptional investment opportunity in a high-demand coastal market.

Location

State CA

County Orange

Area C5 - East Costa Mesa

Interior

Interior Features Quartz Counters, All Bedrooms Down

Heating Wall Furnace

Flooring Vinyl

Fireplaces Type None

Fireplace No

Appliance Disposal, Gas Oven, Gas Range, Range Hood, Water Heater

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Parking Features Assigned, Garage, Uncovered

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Roof Type Composition,Shingle

Total Parking Spaces 10

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Entry Level One

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 43913105

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by Mark Bridge Mark Bridge, Broker Mark.Bridge@matthews.com

+1(714) 743-9882

info@gatehouseproperties.com

Costa Mesa, CA, 92626, United States

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2422 Santa Ana AVE Costa Mesa, CA 92627