Seller's Agent in 2024
Nick Gould
Gould Group Inc
(925) 998-1315
25 Total Sales
1012 Mission Dr Costa Mesa, CA 92626
Costa Mesa Area
16
Beds
16
Baths
9,402
Sq Ft
0.33
Acre Lot
Highlights
- No HOA
- Bike Trail
- Block Wall Fence
- 8 Car Garage
- Laundry Facilities
- Wall Furnace
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
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 14,502 Sq Ft 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
- Entry on the 1st floor
Interior Spaces
- 9,402 Sq Ft Home
- 2-Story Property
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 24, 2024
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,045,000
Interest Rate
5.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 28, 2021
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,620,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 9, 2019
Sold by
Bought by
Purchase Details
Closed on
Feb 4, 2000
Sold by
Bought by
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,900,000 | Chicago Title | ||
| $14,325,000 | Chicago Title | ||
| -- | None Available | ||
| -- | Orange Coast Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $1,045,000 | ||
| Previous Owner | $12,000,000 | ||
| Previous Owner | $31,620,000 | ||
| Previous Owner | $677,000 | ||
| Previous Owner | $750,000 | ||
| Previous Owner | $315,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $21,685 | $1,938,000 | $1,596,162 | $341,838 |
| 2025 | $20,673 | $1,900,000 | $1,564,864 | $335,136 |
| 2024 | $20,673 | $1,804,053 | $1,591,812 | $212,241 |
| 2023 | $20,135 | $1,768,680 | $1,560,600 | $208,080 |
| 2022 | $19,625 | $1,734,000 | $1,530,000 | $204,000 |
| 2021 | $3,165 | $185,771 | $55,486 | $130,285 |
| 2020 | $3,135 | $183,867 | $54,917 | $128,950 |
| 2019 | $3,094 | $180,262 | $53,840 | $126,422 |
| 2018 | $3,044 | $176,728 | $52,784 | $123,944 |
| 2017 | $3,151 | $173,263 | $51,749 | $121,514 |
| 2016 | $3,092 | $169,866 | $50,734 | $119,132 |
| 2015 | $3,052 | $167,315 | $49,972 | $117,343 |
| 2014 | $2,985 | $164,038 | $48,993 | $115,045 |
Source: Public Records
Agents Affiliated with this Home
-
Nick Gould
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP24059586
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.
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
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