NOT LISTED FOR SALE

1124 Victoria St Costa Mesa, CA 92627

Westside Costa Mesa Neighborhood
3 Beds
3 Baths
3,449 Sq Ft
0.38 Acres

Last Sold December 09, 2019

Last sale price $1,500,000 $435 Per Sq Ft

77 Days on Market

Highlights

  • 0.38 Acre Lot
  • Landscaped
  • 1-minute walk to Vista Park
  • Victoria Elementary School Rated A-

About This Home

As of December 2019

1124 Victoria Street is a 4-unit multifamily investment opportunity located in the city of Costa Mesa, one of the premier coastal housing markets in Southern California. Situated on a 0.38-acre lot, the 3,191 square foot property consists of two, studio units and two, three-bedroom units across two separate buildings. The property offers amenities including carport parking, open parking, and private patios and balconies (select units).

Last Agent to Sell the Property

Kurt Hediger

Marcus & Millichap RE Invest License #01846649 Listed on: 08/14/2019

Last Buyer's Agent

Greg Bassirpou

Marcus & Millichap RE Invest License #01365951

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.38 Acre Lot
  • No Common Walls
  • Landscaped

Interior Spaces

  • 3,449 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 91
  • Tax Tract Number 653
  • Assessor Parcel Number 42204125

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Other Expense $5,200
  • New Taxes Expense $18,078
  • Operating Expense $25,478
  • Gross Income $96,000
  • Net Operating Income $67,642

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 42204125
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: One, Two
  • Price Per Square Foot: 434.91

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 16552.80
  • Lot Size Acres: 0.3800

Multi Family

  • Gross Income: 96000.00
  • Gross Operating Income: 93120.00
  • Gross Scheduled Income: 96000.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 0.3800 Acres
  • Net Operating Income: 67642.00
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 60869.00
  • Other Expense: 5200.00
  • Rent Control: No
  • Total Actual Rent: 8000.00
  • Total Expenses: 25478.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 18078.00
  • Tax Census Tract: 638.03
  • Tax Lot: 91
  • Tax Tract Number: 653

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
12/09/2019 12/09/19 Sold $1,500,000 -1.6% $435 / Sq Ft
10/30/2019 10/30/19 Pending -- -- --
09/30/2019 09/30/19 Price Changed $1,525,000 -3.2% $442 / Sq Ft
08/14/2019 08/14/19 For Sale $1,575,000 -- $457 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2019

    Kurt Hediger

    Marcus & Millichap RE Invest

    Section Image
  • Greg Bassirpou

    Buyer's Agent in 2019

    Greg Bassirpou

    Marcus & Millichap RE Invest

    (949) 419-3269

    1 in this area

    32 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19194703

California Regional Multiple Listing Service (CRMLS)

APN: 422-041-25

California Orange County Costa Mesa 92627 Westside Costa Mesa

1124 Victoria St, Costa Mesa, CA

This home is located at 1124 Victoria St, Costa Mesa, CA 92627 since 14 August 2019. This property was built in 1961. 1124 Victoria St is a home located in Orange County with nearby schools including Victoria Elementary School, Charles W. Tewinkle Middle School, and Estancia High 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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