Seller's Agent in 2024
Nick Gould
Gould Group Inc
(925) 998-1315
7 in this area
13 Total Sales
1012 Mission Dr Costa Mesa, CA 92626
16
Beds
16
Baths
9,402
Sq Ft
0.33
Acres
Highlights
- 0.33 Acre Lot
- No HOA
- 8 Car Garage
- Costa Mesa High School Rated A-
- Laundry Room
- Bike Trail
About This Home
As of October 2024Welcome to 1012 & 1018 Mission Drive in the Mesa Del Mar enclave of Costa Mesa. These adjacent four-unit apartment buildings showcase an array of 2-bedroom/1.5-bathroom townhouse-style units, each accompanied by its own private yard. With an average unit size of approximately 1,175 square feet, these residences epitomize comfortable living. The property boasts a substantial community courtyard nestled between the two buildings. Notably,
the seller has recently renovated four of the eight units since 2021, creating an attractive prospect for savvy investors to enhance the remaining four units and leverage competitive market rents.
Tenants are offered garages and off-street parking, along with dedicated laundry rooms within each building. The strategic location of the property ensures easy accessibility to the best of Costa Mesa, including renowned destinations such as South Coast Plaza, The Camp, The LAB, and the Harbor Blvd shopping corridor. Additionally, tenants enjoy seamless connectivity with quick access to major freeways, including the 405, 55, and 73 Freeways. This property not only promises a secure investment but also positions itself as an inviting residential haven at the heart of Costa Mesa's vibrant offerings.
Last Agent to Sell the Property
Gould Group Inc Brokerage Email: ng@gouldgroupinc.com License #01521955 Listed on: 03/25/2024
Last Buyer's Agent
Gould Group Inc Brokerage Email: ng@gouldgroupinc.com License #01521955 Listed on: 03/25/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 0.33 Acre Lot
- Two or More Common Walls
- Block Wall Fence
- Density is 6-10 Units/Acre
- 141-662-07
Parking
- 8 Car Garage
- 6 Open Parking Spaces
- Parking Available
- Off-Street Parking
- Assigned Parking
Home Design
- Apartment
Interior Spaces
- 9,402 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 16 Bedrooms
- 16 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 24
- Tax Tract Number 3922
- Assessor Parcel Number 14166208
- $1,594 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 8 Units
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Building Details
- Rent Control
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $3,200
- Fuel Expense $4,200
- Gardener Expense $3,000
- Insurance Expense $5,000
- Maintenance Expense $18,800
- Trash Expense $3,907
- Water Sewer Expense $2,000
- New Taxes Expense $49,838
- Operating Expense $90,545
- Gross Income $276,852
- Net Operating Income $178,001
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/03/2024 10/03/24 | Sold | $3,800,000 | -14.6% | $404 / Sq Ft |
| 06/20/2024 06/20/24 | Pending | -- | -- | -- |
| 03/25/2024 03/25/24 | For Sale | $4,450,000 | -- | $473 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP24059586
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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
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