NOT LISTED FOR SALE

1002 Mission Dr Costa Mesa, CA 92626

8 Beds
8 Baths
4,701 Sq Ft
6,970 Sq Ft Lot

Last Sold December 11, 2024

Last sale price $2,037,500 $433 Per Sq Ft

20 Days on Market

Highlights

  • No Units Above
  • Costa Mesa High School Rated A-
  • Laundry Room

About This Home

As of December 2024

HUGE COSTA MESA 4PLEX JUST OVER 4,700 SQUARE FEET - 1,175 SQFT PER UNIT! (4) 2 BEDROOM + 1.5 BATH TOWNHOME STYLE UNITS WITH PRIVATE PATIOS, PERSONAL GARDENS, AND NO TENANTS LIVING ABOVE OR BELOW EACH OTHER. THE ENTIRE BUILDING WAS RECENTLY REPIPED, NEW WINDOWS AND SLIDING GLASS DOORS. 4 GARAGES PLUS 3 ADDITIONAL SPACES FOR PARKING, SELLER OWNS THE WASHER AND DRYER, PROVIDING ADDITIONAL INCOME. RENTS ARE 23% BELOW MARKET VALUE, PRIMED FOR A SEASONED INVESTOR TO COME IN AND CAPTURE THIS BUILDING'S UPSIDE. GREAT COSTA MESA LOCATION NEAR SOUTH COAST PLAZA, METRO POINT, OC FAIRGROUNDS, ORANGE COAST COLLEGE, AND EASY FREEWAY ACCESS TO THE 405, 73, AND 55 FREEWAY. HIGH RENTAL DEMAND YEAR ROUND!

Last Agent to Sell the Property

Joseph Lengyel-Leahu

Skyline Commercial Real Estate Brokerage Phone: 714-552-6094 License #02119569 Listed on: 10/24/2024

Last Buyer's Agent

Ramsey Oliveras

Estate Properties License #01200976

Estate Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 6,970 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 4,701 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 26
  • Tax Tract Number 3922
  • Assessor Parcel Number 14166230
  • $1,594 per year additional tax assessments

Community Details

Overview

  • 4 Units
  • Costa Mesa Residential Income Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $42,000
  • Gross Income $113,712
  • Net Operating Income $70,512

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Costa Mesa Residential Income (CMRI)
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 14166230
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 433.42

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Multi Family

  • Gross Income: 113712.00
  • Gross Scheduled Income: 112512.00
  • Lot Size Area: 6970.0000 Square Feet
  • Net Operating Income: 70512.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 42000.00
  • Rent Control: No
  • Total Actual Rent: 9276.00
  • Total Expenses: 42000.00

Tax Info

  • Tax Census Tract: 639.04
  • Tax Lot: 26
  • Tax Tract Number: 3922
  • TaxOtherAnnualAssessmentAmount: 1594.00

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/11/2024 12/11/24 Sold $2,037,500 -5.2% $433 / Sq Ft
10/24/2024 10/24/24 For Sale $2,150,000 +19.4% $457 / Sq Ft
11/08/2021 11/08/21 Sold $1,800,000 +0.3% $383 / Sq Ft View Prior Sale
09/23/2021 09/23/21 Pending -- -- --
09/22/2021 09/22/21 For Sale $1,795,000 -- $382 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $21,396 $2,036,500 $1,850,538 $185,962
2024 $21,396 $1,872,720 $1,664,640 $208,080
2023 $20,841 $1,836,000 $1,632,000 $204,000
2022 $20,320 $1,800,000 $1,600,000 $200,000
2021 $3,192 $188,374 $55,481 $132,893
2020 $3,162 $186,443 $54,912 $131,531
2019 $3,121 $182,788 $53,836 $128,952
2018 $3,070 $179,204 $52,780 $126,424
2017 $3,024 $175,691 $51,745 $123,946
2016 $2,967 $172,247 $50,731 $121,516
2015 $2,930 $169,660 $49,969 $119,691
2014 $2,865 $166,337 $48,990 $117,347
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Joseph Lengyel-Leahu

    Skyline Commercial Real Estate

    (949) 438-4340

    7 Total Sales

    Joseph Lengyel-Leahu
    Section Image
  • Ramsey Oliveras

    Buyer's Agent in 2024

    Ramsey Oliveras

    RE/MAX

    (310) 378-5533

    22 Total Sales

    Ramsey Oliveras
    Section Image
  • Gregg Horvath

    Seller's Agent in 2021

    Gregg Horvath

    R.L.M. Equities

    (714) 290-0298

    19 Total Sales

    Gregg Horvath
    Section Image

  • A

    Buyer Co-Listing Agent in 2021

    Anthony Connell

    Matthews Real Estate Investment Services

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP24220536

California Regional Multiple Listing Service (CRMLS)

APN: 141-662-30

California Orange County Costa Mesa 92626

1002 Mission Dr, Costa Mesa, CA

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes