Mark Lear
WERE Real Estate Inc
(657) 223-8121
353 Total Sales
2 in Westside Costa Mesa
$1.2M - $1.6M Price Range
1970 Wallace Ave Costa Mesa, CA 92627
Westside Costa Mesa Neighborhood
14
Beds
10
Baths
7,267
Sq Ft
0.44
Acre Lot
Highlights
- 0.44 Acre Lot
- Laundry Facilities
- Wall Furnace
- 10 Car Garage
- Rectangular Lot
About This Home
As of July 2022FIRST TIME ON THE MARKET in 40 + years. This 10- unit building is very stable with low turnover. The property features 4- 2 bedrooms and 6- 1-bedroom units with the downstair units each having patios. Parking is found with garages and parking at the rear. The building has a central water heater and on-site laundry. Lush trees line the courtyard making for shade in the summer months. Close to shopping at Placentia & 19th street and easy freeway access .
Last Agent to Sell the Property
CFG Investments License #01091181 Listed on: 05/25/2022
Last Buyer's Agent
General NONMEMBER
NONMEMBER MRML
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1970
Lot Details
- 19,166 Sq Ft Lot
- Two or More Common Walls
- Rectangular Lot
Parking
- 10 Car Garage
- 9 Open Parking Spaces
- Parking Available
- Assigned Parking
Home Design
- Property Attached
- Flat Roof Shape
Interior Spaces
- 7,267 Sq Ft Home
- 2-Story Property
- Leased Washer and Dryer
Bedrooms and Bathrooms
- 14 Bedrooms
- 10 Bathrooms
Utilities
- Wall Furnace
Listing and Financial Details
- Legal Lot and Block 6 / F
- Tax Tract Number 612
- Assessor Parcel Number 42226208
- $2,977 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 10 Units
Amenities
- Laundry Facilities
Building Details
- 10 Leased Units
- Rent Control
- 11 Separate Electric Meters
- 11 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,846
- Fuel Expense $2,532
- Gardener Expense $4,220
- Insurance Expense $9,179
- Pest Control $934
- Professional Management Expense $12,333
- Trash Expense $2,232
- Water Sewer Expense $6,935
- New Taxes Expense $43,400
- Operating Expense $99,999,999
- Gross Income $181,620
- Net Operating Income $99,999,999
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
Listed on
May 25, 2022
Closed on
May 31, 2022
Sold by
Bought by
Seller's Agent
Laura Henshall
CFG Investments
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$4,125,000
Sold Price
$4,093,200
Premium/Discount to List
-$31,800
-0.77%
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Westside Costa Mesa, CA
-
Mark Lear
-
Brian Liberto
Brian Liberto
The Agency
(657) 286-7195
27 Total Sales
1 in Westside Costa Mesa
$756,000 Price
-
Drew Teicheira
Drew Teicheira
Harcourts Place
(877) 672-0775
92 Total Sales
6 in Westside Costa Mesa
$1.2M - $1.7M Price Range
-
Aldon Lai
Aldon Lai
High Ten Partners, Inc.
(626) 618-9134
16 Total Sales
1 in Westside Costa Mesa
$1,050,000 Price
-
Tom Unvert
Tom Unvert
Douglas Elliman Of California
(949) 541-6470
40 Total Sales
1 in Westside Costa Mesa
$720,000 Price
-
Michael Shank
Michael Shank
Compass
(949) 518-0510
35 Total Sales
1 in Westside Costa Mesa
$800,000 Price
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 |
|---|---|---|---|
| $4,093,500 | Lawyers Title |
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 | $2,456,000 |
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 |
|---|---|---|---|---|
| 07/15/2022 07/15/22 | Sold | $4,093,200 | -0.8% | $563 / Sq Ft |
| 05/29/2022 05/29/22 | Pending | -- | -- | -- |
| 05/25/2022 05/25/22 | For Sale | $4,125,000 | -- | $568 / 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 | $49,271 | $4,344,054 | $3,946,101 | $397,953 |
| 2025 | $48,324 | $4,258,877 | $3,868,727 | $390,150 |
| 2024 | $48,324 | $4,175,370 | $3,792,870 | $382,500 |
| 2023 | $47,012 | $4,093,500 | $3,718,500 | $375,000 |
| 2022 | $12,992 | $904,119 | $462,263 | $441,856 |
| 2021 | $12,303 | $886,392 | $453,199 | $433,193 |
| 2020 | $12,186 | $877,304 | $448,552 | $428,752 |
| 2019 | $11,992 | $860,102 | $439,756 | $420,346 |
| 2018 | $11,782 | $843,238 | $431,134 | $412,104 |
| 2017 | $11,595 | $826,704 | $422,680 | $404,024 |
| 2016 | $11,359 | $810,495 | $414,393 | $396,102 |
| 2015 | $11,234 | $798,321 | $408,168 | $390,153 |
| 2014 | $10,980 | $782,683 | $400,172 | $382,511 |
Source: Public Records
Agents Affiliated with this Home
-
Laura Henshall
Seller's Agent in 2022
Laura Henshall
CFG Investments
(714) 557-1435
1 in this area
29 Total Sales
-
G
Buyer's Agent in 2022
General NONMEMBER
NONMEMBER MRML
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC22110981
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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