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Closed
- Listed price
- $2,950,000
- Listed Aug 2, 2016
- Sold price
- $2,547,000
- Sold Nov 23, 2016
23,209 sqft lot|1967 Built|27 MLS days on market
2550 Santa Ana Ave, Costa Mesa, CA 92627
Property Description
Rare 7 single story, separate cottages in the desirable Eastside Costa Mesa submarket. Long term owners are out of the area and these units have a 40%+ attainable rental upside. There is a 10%+ rental upside with hands on management based upon in-place rental comparables. The Eastside Cottages are comprised of seven units; (5) three bedroom, one bath (1) two bedroom, bath, and (1) three-bedroom, one and one quarter bath unit. The owner pays water only and each unit has a separate H2O heater, laundry hook-ups, a private garage and yard. The exterior has new paint, and the roofs are pitched composition shingle. Proforma at Market. See Marketing Flyer in Dedicated Property Website. There is a real attainable approximately 40% rental upside with renovations bringing the going yield inline with market market cap rates. Long-term out of area owners keep rents very, very low and the building full. The Sellers are motivated to complete the IRC 1031 Tax Deferred Exchange.
Listing agent: Steven BrombalDRE #00972129steven.brombal@berkadia.com, Listing office: Berkadia Real Estate Advisors
MLS data updated 11/4/2026, 3:43:44 PM PT
Source: CRMLSMLS #: NP16170298
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Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$2,547,000
Nov 23, 2016
Available records22016
From MLS recordsActual listing and closing events
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No recordNo property-price record in this range.ZIP 92627 · Nov 2026
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