Fatima Nordquist
Responds Quickly
Beverly Hills Fine Homes
(760) 501-2765
117 Total Sales
1 in Westside Costa Mesa
$725,000 Price
2014 Wallace Ave Costa Mesa, CA 92627
Westside Costa Mesa Neighborhood
9
Beds
4
Baths
5,309
Sq Ft
0.43
Acre Lot
Highlights
- 0.43 Acre Lot
- Landscaped
- Back and Front Yard
- Property is near public transit
- Laundry Facilities
- 1-Story Property
About This Home
As of March 2020The Wallace Avenue Apartments is a five-unit apartment building located in the highly desirable submarket of Costa Mesa within the greater Orange County area. The property offers an attractive unit mix consisting of (1) four bedroom/ two-bathroom Townhouse, (1) three bedroom/ one-bathroom Cottage, and (3) two bedroom / one bathroom Cottages totaling 5,309 square feet, situated on an large 18,746 square foot lot.
The property has gone through recent renovations and upgrades of the interiors and exterior. Some interior upgrades include but are not limited to: new windows, new garage doors, new kitchens, new appliances, quartz countertops, new bathrooms, and new flooring. Common area amenities include: Large yards, enclosed garages and washer / dryer hookups.
Costa Mesa is one of Orange County’s hidden gems. Revered as “City of the Arts”, Costa Mesa is the destination of choice for more than 46 million visitors each year due to its many sites / events of interest, including: South Coast Plaza, Segerstrom Center for the Arts, and the annual OC County Fair.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01365951 Listed on: 01/17/2020
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 18,746 Sq Ft Lot
- No Common Walls
- Landscaped
- Back and Front Yard
Parking
- 11 Open Parking Spaces
- 6 Car Garage
Interior Spaces
- 5,309 Sq Ft Home
- 1-Story Property
- Washer and Gas Dryer Hookup
Bedrooms and Bathrooms
- 9 Bedrooms
- 4 Bathrooms
Additional Features
- Exterior Lighting
- Property is near public transit
Listing and Financial Details
- Legal Lot and Block 18 / C
- Tax Tract Number 612
- Assessor Parcel Number 42225219
Community Details
Overview
- 4 Buildings
- 5 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $675
- Fuel Expense $675
- Insurance Expense $2,000
- Trash Expense $675
- Water Sewer Expense $675
- New Taxes Expense $30,412
- Operating Expense $38,862
- Gross Income $149,880
- Net Operating Income $108,020
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
Dec 22, 2020
Sold by
Tustin Hills Racquet Club
Bought by
Purchase Details
Listed on
Jan 17, 2020
Closed on
Mar 9, 2020
Sold by
Niguel Equity Partners Llc
Bought by
Club Tustin Hills Racquet
Seller's Agent
Greg Bassirpou
Marcus & Millichap RE Invest
Buyer's Agent
Dale Cheema
Keller Williams Realty Irvine
List Price
$2,650,000
Sold Price
$2,600,000
Premium/Discount to List
-$50,000
-1.89%
Purchase Details
Closed on
Oct 31, 2017
Sold by
Lulu J Llc
Bought by
Niguel Equity Partners Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$968,000
Interest Rate
3.9%
Mortgage Type
Commercial
Purchase Details
Listed on
Dec 14, 2011
Closed on
Feb 15, 2012
Sold by
Wallace Street 06 Llc
Bought by
Lulu J Llc
Seller's Agent
Carmelita Tiongson
NextHome Pacific Estates
Buyer's Agent
Jason Harris
Land Storm Appraisal Services
List Price
$1,100,000
Sold Price
$1,000,000
Premium/Discount to List
-$100,000
-9.09%
Purchase Details
Closed on
Dec 6, 2006
Sold by
Vanguard University Southern California
Bought by
Wallace Street 06 Llc
Purchase Details
Closed on
Jul 27, 2006
Sold by
Nowlin James William
Bought by
Vanguard University Southern California
Purchase Details
Closed on
Jul 5, 2006
Sold by
Nowlin Toni Michelle
Bought by
Nowlin James W
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Westside Costa Mesa, CA
-
Fatima Nordquist
-
Josh Stein-Sapir
Josh Stein-Sapir
Keyes Real Estate
(562) 456-3475
137 Total Sales
1 in Westside Costa Mesa
$2,625,000 Price
-
Kelvin Jensen
Kelvin Jensen
Real Broker
(858) 609-8340
47 Total Sales
1 in Westside Costa Mesa
$1,350,000 Price
-
Arthur Cervantes
Arthur Cervantes
Arthur Cervantes Properties Inc
(657) 239-4578
109 Total Sales
6 in Westside Costa Mesa
$32K - $168K Price Range
-
Audrey Savopolos
Audrey Savopolos
Coldwell Banker Realty
(714) 942-5243
11 Total Sales
2 in Westside Costa Mesa
$1,200,000 Price Range
-
Mel Macklin
Mel Macklin
HomeSmart, Evergreen Realty
(747) 307-7003
49 Total Sales
1 in Westside Costa Mesa
$1,200,000 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 |
|---|---|---|---|
| -- | None Available | ||
| Club Tustin Hills Racquet | $2,600,000 | Ticor | |
| Niguel Equity Partners Llc | $1,730,000 | Chicago Title Co | |
| Lulu J Llc | $1,000,000 | Orange Coast Title Company | |
| Wallace Street 06 Llc | $1,200,000 | Southland Title Corporation | |
| Vanguard University Southern California | $1,200,000 | Southland Title Corporation | |
| Nowlin James W | -- | Southland Title Corporation |
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 |
|---|---|---|---|
| Previous Owner | $968,000 | ||
| Previous Owner | Wallace Street 06 Llc | $944,000 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 03/31/2020 03/31/20 | Sold | $2,600,000 | -1.9% | $490 / Sq Ft | |
| 03/02/2020 03/02/20 | Pending | -- | -- | -- | |
| 01/17/2020 01/17/20 | For Sale | $2,650,000 | +53.2% | $499 / Sq Ft | |
| 01/12/2018 01/12/18 | Sold | $1,730,000 | -10.1% | $326 / Sq Ft | View Prior Sale |
| 10/30/2017 10/30/17 | Pending | -- | -- | -- | |
| 10/03/2017 10/03/17 | For Sale | $1,925,000 | +92.5% | $363 / Sq Ft | |
| 03/12/2012 03/12/12 | Sold | $1,000,000 | -9.1% | $188 / Sq Ft | View Prior Sale |
| 02/16/2012 02/16/12 | Pending | -- | -- | -- | |
| 12/14/2011 12/14/11 | For Sale | $1,100,000 | -- | $207 / 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 | $34,143 | $2,900,347 | $2,565,693 | $334,654 |
| 2025 | $33,372 | $2,843,478 | $2,515,385 | $328,093 |
| 2024 | $33,372 | $2,787,724 | $2,466,064 | $321,660 |
| 2023 | $32,305 | $2,733,063 | $2,417,710 | $315,353 |
| 2022 | $31,364 | $2,679,474 | $2,370,304 | $309,170 |
| 2021 | $30,440 | $2,626,936 | $2,323,828 | $303,108 |
| 2020 | $21,653 | $1,799,892 | $1,383,732 | $416,160 |
| 2019 | $21,176 | $1,764,600 | $1,356,600 | $408,000 |
| 2018 | $14,165 | $1,103,904 | $846,224 | $257,680 |
| 2017 | $13,943 | $1,082,259 | $829,631 | $252,628 |
| 2016 | $13,935 | $1,061,039 | $813,364 | $247,675 |
| 2015 | $13,806 | $1,045,102 | $801,147 | $243,955 |
| 2014 | $13,515 | $1,024,630 | $785,453 | $239,177 |
Source: Public Records
Agents Affiliated with this Home
-
Greg Bassirpou
Seller's Agent in 2020
Greg Bassirpou
Marcus & Millichap RE Invest
(949) 419-3269
1 in this area
19 Total Sales
-
Dale Cheema
Buyer's Agent in 2020
Dale Cheema
Keller Williams Realty Irvine
(949) 861-8001
46 Total Sales
-
Tyler Leeson
Seller's Agent in 2018
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
1 in this area
170 Total Sales
-
KH
Seller Co-Listing Agent in 2018
Kurt Hediger
Marcus & Millichap RE Invest
-
Carmelita Tiongson
Seller's Agent in 2012
Carmelita Tiongson
NextHome Pacific Estates
(562) 305-7995
12 Total Sales
-
Jason Harris
JH
Buyer's Agent in 2012
Jason Harris
Land Storm Appraisal Services
(818) 510-0982
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC20013358
APN: 422-252-19
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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