2422 Santa Ana Ave

$3,995,000
Price
9
Beds
6
Baths
4,809 Sq. Ft.
$831 / Sq. Ft.
4,809
Sq. Ft.
$831
per Sq. Ft.

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...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 ahigh-demand coastal market.

Property Details for 2422 Santa Ana Avenue

Parking Spaces Total
10
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
5.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
4809
Assessor Parcel Number
439-131-05
LISTING UPDATED: 11/22/2025 01:52 AM

Property Details for 2422 Santa Ana Avenue

StatusPending
MLS #OC25227830
Days on Market50
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1952
Lot Size0.39 AC / 16,988 SF
CountyOrange County

Location

Listing Courtesy of Mark Bridge, Broker, Mark Bridge, DRE #01316702
Add your commute

Building Information for 2422 Santa Ana Avenue

Stories1Residences-Year Built1952Building Size-Lot Size0.39 AC / 16,988 SF

Payment Calculator

$22,663 per month

30 year fixed, 6.28% Interest

Principal and Interest

$19,741

Property Taxes

$2,922

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2422 Santa Ana Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $243,360
  • Gross Scheduled Income: $243,360
  • Gross Spendable Income: $179,652
  • Vacancy Allowance: 7301
  • Gross Operating Income: $236,059
  • Net Operating Income: $179,652
  • Gross Multiplier: 16.42
  • Cap Rate: 4.5
Expense Details
  • Operating Expense: $56,407
  • New Taxes Expense: $42,036
  • Gardener Expense: $1,440
  • Fuel Expense: $0
  • Pest Control Expense: $600
  • Insurance Expense: $4,000
  • Professional Management Expense: $0
  • Other Expense: $2,000
  • Other Expense Description: Reserves
  • Trash Expense: $1,644
  • Water Sewer Expense: $900
  • Total Expenses: $56,407
Tax / Assessment Info
  • Tax Block: 131
  • Tax Tract Number: 05
  • Tax Lot: 439
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Appliances: Disposal, Gas Oven, Gas Range, Range Hood, Water Heater
  • Equipment: Gas Dryer Hookup, Washer Hookup
  • Interior Features: Quartz Counters
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Natural Gas, Wall Furnace
  • Heating: Natural Gas, Wall Furnace
  • Flooring Type: Vinyl
  • Flooring: Vinyl
Exterior Features
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Roof: Composition, Shingle
  • Entry Location: First
  • Fence: Yes
  • Fence: Vinyl, Wood
  • Fencing: Vinyl, Wood
  • Property Condition: Turnkey
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Electric: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 7
  • Open Other Spaces Total: 7
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
  • Parking Features: Assigned
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,995
  • Unit Type Total Rent: $3,995
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,995
  • Unit Type Total Rent: $11,985
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $4,300
  • Unit Type Total Rent: $4,300
  • Unit Type Pro Forma: 4400
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 5
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number With Range: 5
  • Number With Disposal: 5

Property History for 2422 Santa Ana Avenue

DateEvent & SourcePriceAppreciation
Nov 22, 2025

Pending

CRMLS #OC25227830

Nov 20, 2025

Pending

CLAW #OC25227830MR

Oct 1, 2025

Listed (Active)

CRMLS #OC25227830

$3,995,000
Sep 17, 2025

Expired

CRMLS #OC25140936

Sep 17, 2025

Listed (Active)

CLAW #OC25227830MR

$3,995,000
Sep 16, 2025

Withdrawn / Cancelled

CRMLS #OC25140936

$4,195,000
Sep 16, 2025

Expired

CLAW #OC25140936MR

$4,195,000
Jun 24, 2025

Listed (Active)

CLAW #OC25140936MR

$4,195,000
Jun 24, 2025

Listed (Active)

CRMLS #OC25140936

$4,195,000
Oct 25, 2024

Sold

CLAW #NP24193949MR

$3,000,000
Oct 25, 2024

Sold

CRMLS #NP24193953

$3,000,000
Oct 25, 2024

Sold

SDMLS #NP24193949

$3,000,000
Oct 25, 2024

Sold

SDMLS #NP24193953

$3,000,000
Oct 25, 2024

Sold

CLAW #NP24193953MR

$3,000,000
Oct 25, 2024

Sold

CRMLS #NP24193949

$3,000,000
Sep 20, 2024

Pending

CLAW #NP24193953MR

Sep 20, 2024

Accepting Backup Offers

CLAW #NP24193953MR

Sep 20, 2024

Accepting Backup Offers

CRMLS #NP24193953

Sep 20, 2024

Accepting Backup Offers

CRMLS #NP24193949

Sep 20, 2024

Listed (Active)

CRMLS #NP24193953

$3,000,000
Sep 20, 2024

Listed (Active)

CRMLS #NP24193949

$3,000,000
Sep 20, 2024

Pending

CLAW #NP24193949MR

Sep 20, 2024

Pending

SDMLS #NP24193953

Sep 20, 2024

Accepting Backup Offers

CLAW #NP24193949MR

Sep 20, 2024

Pending

SDMLS #NP24193949

Sep 16, 2024

Listed (Active)

CLAW #NP24193949MR

$3,000,000
Sep 16, 2024

Listed (Active)

SDMLS #NP24193949

$3,000,000
Sep 12, 2024

Listed (Active)

CLAW #NP24193953MR

$3,000,000
Sep 12, 2024

Listed (Active)

SDMLS #NP24193953

$3,000,000
DateEvent & SourcePrice
11/22/2025

Pending

CRMLS #OC25227830

11/20/2025

Pending

CLAW #OC25227830MR

10/01/2025

Listed (Active)

CRMLS #OC25227830

$3,995,000
09/17/2025

Expired

CRMLS #OC25140936

09/17/2025

Listed (Active)

CLAW #OC25227830MR

$3,995,000
09/16/2025

Withdrawn / Cancelled

CRMLS #OC25140936

$4,195,000
09/16/2025

Expired

CLAW #OC25140936MR

$4,195,000
06/24/2025

Listed (Active)

CLAW #OC25140936MR

$4,195,000
06/24/2025

Listed (Active)

CRMLS #OC25140936

$4,195,000
10/25/2024

Sold

CLAW #NP24193949MR

$3,000,000
10/25/2024

Sold

CRMLS #NP24193953

$3,000,000
10/25/2024

Sold

SDMLS #NP24193949

$3,000,000
10/25/2024

Sold

SDMLS #NP24193953

$3,000,000
10/25/2024

Sold

CLAW #NP24193953MR

$3,000,000
10/25/2024

Sold

CRMLS #NP24193949

$3,000,000
09/20/2024

Pending

CLAW #NP24193953MR

09/20/2024

Accepting Backup Offers

CLAW #NP24193953MR

09/20/2024

Accepting Backup Offers

CRMLS #NP24193953

09/20/2024

Accepting Backup Offers

CRMLS #NP24193949

09/20/2024

Listed (Active)

CRMLS #NP24193953

$3,000,000
09/20/2024

Listed (Active)

CRMLS #NP24193949

$3,000,000
09/20/2024

Pending

CLAW #NP24193949MR

09/20/2024

Pending

SDMLS #NP24193953

09/20/2024

Accepting Backup Offers

CLAW #NP24193949MR

09/20/2024

Pending

SDMLS #NP24193949

09/16/2024

Listed (Active)

CLAW #NP24193949MR

$3,000,000
09/16/2024

Listed (Active)

SDMLS #NP24193949

$3,000,000
09/12/2024

Listed (Active)

CLAW #NP24193953MR

$3,000,000
09/12/2024

Listed (Active)

SDMLS #NP24193953

$3,000,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2422 Santa Ana Avenue

Taxable ValueLand$2,807,649Additions$192,351Total$3,000,000
Tax Record2025$35,058 ($2,922 / month)
Home Facts
Total Finished SqFt4,542 SqFtAbove Grade Finished SqFt4,542 SqFtStories1Lot Size17,038 SqFtStyleMulti-Family Res (5+ Units)Year Built1952CountyORANGEAPN439-131-05

Schools near 2422 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.

Similar Homes

Similar Sold Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Mark Bridge, Broker, Mark Bridge, DRE #01316702

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.