NOT LISTED FOR SALE
2 Beds
1 Bath
8,160 Sq Ft
0.56 Acres

Last Sold June 08, 2015

Last sale price $2,925,740 $359 Per Sq Ft

29 Days on Market

Highlights

  • 0.57 Acre Lot
  • Bluff View
  • 5-minute walk to Vista Park
  • Victoria Elementary School Rated A-
  • Property is near a park

About This Home

As of June 2015

The Vista Pacific apartments are a 9-unit apartment community located on a 24,600 Sq.Ft. bluff-top lot overlooking Fairview Park and Huntington Beach. The property was constructed in 1975 and consists of (9) two-bedroom, one-bathroom units, boasting incredible views of the Pacific Ocean. The roof system is flat with a composite shingle mansard. Each unit includes gated carport parking, patios, balconies, individual water heaters, tile flooring, and upgraded applainces. A new buyer may benefit by increasing the rents approximately 18% to the market rates. The Excellent Orange County Coastal Location – Situated on a Bluff top in a trophy West Costa Mesa location, the property boasts soaring panoramic views of Huntington Beach, Fairview Park, and the Pacific Ocean. The property is just minutes from Hoag Hospital, Balboa Island, Newport Harbor, Newport Bay, Orange Coast College, John Wayne/Orange County Airport and the 405 and 73 Freeways.

Last Agent to Sell the Property

Patrick Swanson

Pat Swanson License #01382974 Listed on: 04/08/2015

Last Buyer's Agent

Patrick Swanson

Pat Swanson License #01382974 Listed on: 04/08/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 0.56 Acre Lot
  • No Common Walls

Interior Spaces

  • 8,160 Sq Ft Home
  • Bluff Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Parking

  • 19 Parking Spaces
  • 18 Carport Spaces

Location

  • Property is near a park

Listing and Financial Details

  • Tax Lot 21
  • Tax Tract Number 653
  • Assessor Parcel Number 42212114

Community Details

Overview

  • 9 Units

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $14,400
  • Net Operating Income $116,142

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 42212114
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 18.00
  • Total Parking Spaces: 19.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Bluff, Park Nearby
  • Lot Size Sq Ft: 24600.00
  • Price Per Lot Square Foot: 118.93
  • Lot Size Acres: 0.5650

Multi Family

  • Gross Income: 14400.00
  • Gross Scheduled Income: 172800.00
  • Lot Size Area: 24600.0000 Square Feet
  • Net Operating Income: 116142.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Rent Control: No

Tax Info

  • Tax Lot: 21
  • Tax Tract Number: 653
  • Tax Year: 2014

Range of Values:

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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2015 06/08/15 Sold $2,925,740 +3.2% $359 / Sq Ft
05/07/2015 05/07/15 Pending -- -- --
04/08/2015 04/08/15 For Sale $2,835,000 -- $347 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15076889

California Regional Multiple Listing Service (CRMLS)

APN: 422-121-14