NOT LISTED FOR SALE

1835 Wallace Ave Costa Mesa, CA 92627

Westside Costa Mesa Neighborhood

Estimated Value: $1,516,000 - $3,069,405

9 Beds
4 Baths
2,880 Sq Ft
$888/Sq Ft Est. Value

Sale Details

Date Sold: September 6, 2019

Last sale price $1,360,000 $472 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $16,089 / mo

50 Days on Market

Highlights

  • 0.34 Acre Lot
  • Private Yard
  • 1-Story Property
  • Horace Ensign Intermediate School Rated A
  • Wall Furnace

About This Home

As of September 2019

These 4 separate buildings with private garages are an investors delight! No common walls, private parking, spacious and with private yards. Can't beat the location, close to it all~eateries, entertainment, shopping and transportation. This income opportunity will not last long. Live smart, live in one and rent 3. Explore the area! Just minutes from beaches, universities, parks and schools. Priced at only $416.67 per square foot. Call to schedule your private showing today!

Last Agent to Sell the Property

Erick Torres

PrimeTime Realty & Mortgage License #01923553 Listed on: 06/10/2019

Last Buyer's Agent

Erick Torres

PrimeTime Realty & Mortgage License #01923553 Listed on: 06/10/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 14,619 Sq Ft Lot
  • No Common Walls
  • Private Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex

Interior Spaces

  • 2,880 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 703
  • Tax Tract Number 517
  • Assessor Parcel Number 42417110

Community Details

Overview

  • 4 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gardener Expense $1,200
  • Insurance Expense $1,800
  • Trash Expense $540
  • New Taxes Expense $5,539
  • Operating Expense $9,079
  • Net Operating Income $47,321

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0.34 Acres

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 42417110
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 472.22
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 540.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Walkstreet, Yard
  • Lot Size Sq Ft: 14619.00
  • Lot Size Acres: 0.3356

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Scheduled Income: 56400.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 14619.0000 Square Feet
  • Net Operating Income: 47321.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 9079.00
  • Rent Control: No
  • Total Expenses: 9079.00

Tax Info

  • New Taxes Expense: 5539.00
  • Tax Census Tract: 636.05
  • Tax Lot: 703
  • Tax Tract Number: 517

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
Apr 29, 2021
Sold by
Bought by
Current Estimated Value
$2,557,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,581,750
Outstanding Balance
$1,433,460
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$1,123,641

Purchase Details

Listed on
Jun 10, 2019
Closed on
Sep 10, 2019
Sold by
Bought by
Seller's Agent
Erick Torres
PrimeTime Realty & Mortgage
Buyer's Agent
Erick Torres
PrimeTime Realty & Mortgage
List Price
$1,200,000
Sold Price
$1,360,000
Premium/Discount to List
$160,000
13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.74%
Original Mortgage
$1,020,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 10, 2019
Closed on
Jul 25, 2019
Sold by
Bought by
Seller's Agent
Erick Torres
PrimeTime Realty & Mortgage
Buyer's Agent
Erick Torres
PrimeTime Realty & Mortgage
List Price
$1,200,000
Sold Price
$1,360,000
Premium/Discount to List
$160,000
13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,020,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2001
Sold by
Bought by

Purchase Details

Closed on
Oct 25, 1995
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
$2,200,000 Chicago Title Co Com Div
$1,600,000 First American Title Company
$1,360,000 First American 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
Open $1,581,750
Previous Owner $1,020,000
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
09/06/2019 09/06/19 Sold $1,360,000 +13.3% $472 / Sq Ft
07/30/2019 07/30/19 Pending -- -- --
07/27/2019 07/27/19 For Sale $1,200,000 -11.8% $417 / Sq Ft
06/11/2019 06/11/19 Off Market $1,360,000 -- --
06/10/2019 06/10/19 For Sale $1,200,000 -- $417 / 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
2025 $27,645 $2,381,350 $2,244,621 $136,729
2024 $27,645 $2,334,657 $2,200,608 $134,049
2023 $26,799 $2,288,880 $2,157,459 $131,421
2022 $26,094 $2,244,000 $2,115,155 $128,845
2021 $19,225 $1,615,432 $1,479,621 $135,811
2020 $18,995 $1,600,000 $1,464,449 $135,551
2019 $5,658 $339,670 $204,119 $135,551
2018 $5,539 $333,010 $200,116 $132,894
2017 $5,465 $326,481 $196,192 $130,289
2016 $5,372 $320,080 $192,345 $127,735
2015 $5,322 $315,273 $189,456 $125,817
2014 $5,221 $309,098 $185,745 $123,353
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2019

    Erick Torres

    PrimeTime Realty & Mortgage

    (714) 833-0694

    22 Total Sales

    Erick Torres
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19119622

California Regional Multiple Listing Service (CRMLS)

APN: 424-171-10

California Orange County Costa Mesa 92627 Westside Costa Mesa

1835 Wallace Ave, Costa Mesa, CA

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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