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.