NOT LISTED FOR SALE

2072 Wallace Ave Costa Mesa, CA 92627

Westside Costa Mesa Neighborhood

Estimated Value: $1,223,000 - $1,568,000

4 Beds
2 Baths
1,550 Sq Ft
$874/Sq Ft Est. Value

Last Sold April 01, 2015

Last sale price $661,000 $426 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $7,916/month

137 Days on Market

About This Home

As of April 2015

This property is great for Investors with 100% occupancy by great tenants. Two houses on a large lot One 2 bed/1 bath with and two car garage and One 2 bedroom/1 bath with 1 car garage. Current rents are $2300 for both houses. Both units have washer and dryer hook ups. Property being . Close to shopping, schools and transportation.property has parking for 6 with garages large lot may you can build 4 units on lot, or 3 investors delight build 4 units or three house . Rent are low can be 1800 each unit
lots of parking large lot check remarks seller motivated all offers welcome THIS IS A GOOD RENTAIL PROPERTYLOok ar agents remarksseller is motivated will be open all offers. Lets make a deal

Last Agent to Sell the Property

Flora Vincent

Berkshire Hathaway H S C P License #00680443 Listed on: 09/08/2014

Berkshire Hathaway H S C P

Last Buyer's Agent

Flora Vincent

Berkshire Hathaway HSCP License #00680443

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,746

Year Built

  • Built in 1953

Lot Details

  • 10,250 Sq Ft Lot
  • No Common Walls
  • Back Yard

Parking

  • 2 Car Garage

Home Design

  • 1,550 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 1432
  • Assessor Parcel Number 42225207

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,746

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: 714-785-0967
  • Price Per Unit: 2
  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 42225207
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 426.45

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: Back Yard
  • Lot Size Sq Ft: 10250.00
  • Lot Size Acres: 0.2350

Multi Family

  • Lot Size Area: 10250.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Lot: 2
  • Tax Tract Number: 1432
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2014
Closed on
Mar 9, 2015
Sold by
Gallegos Edward J and Gallegos Mary
Bought by
Kamel Kamel L
Seller's Agent
Flora Vincent
Berkshire Hathaway H S C P
Buyer's Agent
Flora Vincent
Berkshire Hathaway H S C P
List Price
$700,000
Sold Price
$661,000
Premium/Discount to List
-$39,000
-5.57%
Current Estimated Value
$1,354,666

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$693,666
Avg. Annual Appreciation
7.01%

Purchase Details

Closed on
Dec 11, 2010
Sold by
Gallegos Edward J and Gallegos Mary L
Bought by
Gallegos Edward J and Gallegos Mary

Purchase Details

Closed on
Jan 16, 1995
Sold by
Gallegos Joe E and Gallegos Michelle D
Bought by
Gallegos Edward J and Gallegos Mary L
Source: Public Records

Range of Values:

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Average Value
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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

Date Buyer Sale Price Title Company
Kamel Kamel L $661,000 Arista National Title
Gallegos Edward J -- None Available
Gallegos Edward J -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2015 04/01/15 Sold $661,000 -5.6% $426 / Sq Ft
01/23/2015 01/23/15 Pending -- -- --
09/08/2014 09/08/14 For Sale $700,000 -- $452 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $9,746 $794,419 $718,360 $76,059
2024 $9,746 $778,843 $704,275 $74,568
2023 $9,418 $763,572 $690,466 $73,106
2022 $9,130 $748,600 $676,927 $71,673
2021 $8,846 $733,922 $663,654 $70,268
2020 $8,733 $726,397 $656,849 $69,548
2019 $8,541 $712,154 $643,969 $68,185
2018 $8,367 $698,191 $631,342 $66,849
2017 $8,231 $684,501 $618,962 $65,539
2016 $8,060 $671,080 $606,826 $64,254
2015 $3,789 $263,600 $182,993 $80,607
2014 -- $258,437 $179,408 $79,029
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2015

    Flora Vincent

    Berkshire Hathaway H S C P

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14194332

California Regional Multiple Listing Service (CRMLS)

APN: 422-252-07

California Orange County Costa Mesa 92627 Westside Costa Mesa

2072 Wallace Ave, Costa Mesa, CA

This home is located at 2072 Wallace Ave, Costa Mesa, CA 92627 since 08 September 2014 and is currently estimated at $1,354,666, approximately $873 per square foot. This property was built in 1953. 2072 Wallace Ave is a home located in Orange County with nearby schools including Pomona 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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