Seller's Agent in 2025
Bob Walz
New Dimension Investment Prop
(714) 393-8060
4 in this area
9 Total Sales
1548 Elm Ave Costa Mesa, CA 92626
Mesa Verde Neighborhood
7
Beds
5
Baths
3,167
Sq Ft
7,153
Sq Ft Lot
Highlights
- Property is near public transit
- Private Yard
- Rectangular Lot
- California Elementary School Rated A
- Laundry Room
- Wall Furnace
About This Home
As of July 2025PRICED TO SELL!!! Sellers have already secured their up-leg 1031 Exchange property. This property is in an excellent rent area near Mesa Verde in Costa Mesa. Excellent unit mix with a single story 2br-1ba plus den converted to a 3rd bedroom, living room fireplace, large yard and no one above. These tenants will be moving out shortly after close of escrow. So, you will be able to then rent it out at market rent. There is also (2) 2br-1.5ba townhouse units with large patios and large living rooms as well as large bedrooms. All units have a 1 car private enclosed garage and each unit has it's own washer and dryer hookup inside the each unit. The entire roof has been recently replaced with all new plywood and asphalt shingles at the cost of approx, $35,000. the building has all newer windows and sliding doors as well. This is an excellent long term apartment property investment in an excellent area of Costa Mesa. Hurry on this one!!!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 7,151 Sq Ft Lot
- Two or More Common Walls
- Rectangular Lot
- Level Lot
- Sprinkler System
- Private Yard
- Lawn
Parking
- 3 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
- Shingle Roof
- Composition Roof
Interior Spaces
- 3,167 Sq Ft Home
- 2-Story Property
- Living Room with Fireplace
Kitchen
- Gas Oven
- Gas Range
- Disposal
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Location
- Property is near public transit
Utilities
- Wall Furnace
- Sewer Paid
- Phone Connected
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 12
- Tax Tract Number 32
- Assessor Parcel Number 03505416
- $1,063 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 3 Units
Building Details
- 3 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $9,613
- Water Sewer Expense $1,701
- Operating Expense $17,640
- Gross Income $64,140
- Net Operating Income $41,890
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/25/2025 07/25/25 | Sold | $1,320,000 | -10.5% | $417 / Sq Ft |
| 06/26/2025 06/26/25 | For Sale | $1,475,000 | -- | $466 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $7,159 | $452,042 | $320,125 | $131,917 |
| 2024 | $7,159 | $443,179 | $313,848 | $129,331 |
| 2023 | $6,803 | $434,490 | $307,694 | $126,796 |
| 2022 | $6,413 | $425,971 | $301,661 | $124,310 |
| 2021 | $6,078 | $417,619 | $295,746 | $121,873 |
| 2020 | $5,977 | $413,337 | $292,713 | $120,624 |
| 2019 | $5,838 | $405,233 | $286,974 | $118,259 |
| 2018 | $5,717 | $397,288 | $281,347 | $115,941 |
| 2017 | $5,634 | $389,499 | $275,831 | $113,668 |
| 2016 | $5,529 | $381,862 | $270,422 | $111,440 |
| 2015 | $5,477 | $376,127 | $266,360 | $109,767 |
| 2014 | $5,366 | $368,760 | $261,143 | $107,617 |
Source: Public Records
Agents Affiliated with this Home
-
Bob Walz
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25144160
APN: 139-301-12
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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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