NOT LISTED FOR SALE

1036 Mission Dr Costa Mesa, CA 92626

2 Beds
2 Baths
4,702 Sq Ft
7,350 Sq Ft Lot

Last Sold October 18, 2018

Last sale price $1,490,000 $317 Per Sq Ft

39 Days on Market

Highlights

  • Lawn
  • No HOA
  • Laundry Room
  • Costa Mesa High School Rated A-

About This Home

As of October 2018

Excellent Costa Mesa location. Near South Coast Plaza, 55/405 freeways, OCC College, airport, and business district. Large townhome style units with private back patios, front porches and single car garages. Onsite laundry room. Units are individually metered for gas and electricity. 2869 Mendoza St. around the corner is currently renting their updated units for $2,000. They are smaller units at 771 Sq. Ft. for a rental rate of $2.59 per Sq. Ft. Mission Dr. units are 1,175 Sq. Ft. making rehabbed rental rates of over $2,000 very achievable.

Last Agent to Sell the Property

Richard Bell

Bell Realty Group License #01344469 Listed on: 07/12/2018

Last Buyer's Agent

Richard Bell

Bell Realty Group License #01344469 Listed on: 07/12/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,350 Sq Ft Lot
  • No Common Walls
  • Lawn

Parking

  • 2 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 4,702 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 3922
  • Assessor Parcel Number 14166204

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $800
  • Fuel Expense $800
  • Insurance Expense $1,200
  • Maintenance Expense $1,500
  • Trash Expense $1,200
  • Water Sewer Expense $1,400
  • New Taxes Expense $16,775
  • Operating Expense $26,928
  • Gross Income $79,200
  • Net Operating Income $61,896

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.10
  • Property Attached: No
  • Water Sewer Expenses: 1400.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 14166204
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 316.89

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 7350.00

Multi Family

  • Average2 Bed Area: 1175 Square Feet
  • Electric Expense: 800.00
  • Fuel Expense: 800.00
  • Gross Income: 79200.00
  • Gross Operating Income: 88824.00
  • Gross Scheduled Income: 91200.00
  • Insurance Expense: 1200.00
  • Maintenance Expense: 1500.00
  • Net Operating Income: 61896.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 26928.00
  • Other Income Description: Inc &Cap rate at Market rents.
  • Rent Control: No
  • Total Actual Rent: 6600.00
  • Total Expenses: 26928.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 16775.00
  • Tax Census Tract: 639.04
  • Tax Lot: 20
  • Tax Tract Number: 3922

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2018 10/18/18 Sold $1,490,000 -2.3% $317 / Sq Ft
07/12/2018 07/12/18 For Sale $1,525,000 -- $324 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Richard Bell

    Seller's Agent in 2018

    Richard Bell

    Bell Realty Group

    (714) 309-3549

    23 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18168256

California Regional Multiple Listing Service (CRMLS)

APN: 141-662-04

California Orange County Costa Mesa 92626

1036 Mission Dr, Costa Mesa, CA

This home is located at 1036 Mission Dr, Costa Mesa, CA 92626 since 12 July 2018. This property was built in 1964. 1036 Mission Dr is a home located in Orange County with nearby schools including Sonora Elementary School, Costa Mesa High School, and St. John the Baptist Catholic School.

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

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