NOT LISTED FOR SALE
11 Beds
10 Baths
5,405 Sq Ft
664,115,776 Sq Ft Lot

Sale Details

Date Sold: March 24, 2020

Last sale price $2,050,000 $379 Per Sq Ft

1 Day on Market

Highlights

  • 0.35 Acre Lot
  • End Unit
  • Hiking Trails
  • Victoria Elementary School Rated A-
  • No HOA
  • 4-minute walk to Vista Park

About This Home

As of March 2020

Rarely available location and all townhouse-style unit interiors. Considered one of the premier locations in Costa Mesa, the Pacific Townhomes offer five very spacious townhome units, each with sizable private yards, fireplaces, and balconies. The front three-bedroom townhome is a fully-detached, private residence and is approximately 1,300 square feet. All units have forced-air heat, central air conditioning, and individually-attached garages. There is plenty of off-street parking on this 15,253 square-foot lot which measures 233 feet deep. 2218 Pacific Avenue has been owner-managed for occupancy, with family members residing in the front unit, and long-term 20+ year residents as well. There is significant rental upside. All units have varying levels of upgrades and show very well. All five units are spacious townhome-style and include a fireplace, balcony, large private yard, forced-air heating, separate hot water heater, individual unit water shut-off valves, step-up dining and kitchen areas, large walk-in closets, windows and sliders (most are upgraded to vinyl), individual laundry hook-ups, and all are separately metered. Additionally, all units have some upgrades including but not limited to laminate wood-style floors, plumbing fixtures, tile flooring, base molding, tile counters, newer appliances, stainless appliances, and powder-coated stair rails. Overall, the unit interiors show well. Unit A occupancy/terms shall be negotiated w/PSA.

Last Agent to Sell the Property

Steven Brombal

Kidder Mathews of California, Inc License #00972129 Listed on: 01/21/2020

Co-Listed By

Joshua Rhee

Kidder Mathews of California, Inc License #01914094

Last Buyer's Agent

Steven Brombal

Kidder Mathews of California, Inc License #00972129 Listed on: 01/21/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 15,246 Sq Ft Lot
  • End Unit
  • Two or More Common Walls
  • Wood Fence

Parking

  • 15 Open Parking Spaces
  • 6 Car Garage

Home Design

  • Apartment
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 5,405 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Central Heating
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 56
  • Tax Tract Number 653
  • Assessor Parcel Number 42204104

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units
  • Property is near a preserve or public land

Amenities

  • Laundry Facilities

Recreation

  • Dog Park
  • Hiking Trails
  • Bike Trail

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $25,153
  • Operating Expense $46,161
  • Gross Income $12,695
  • Net Operating Income $100,086

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0.35 Acres

Parking

6

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Property Type: Residential Income
  • Parcel Number: 42204104
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls, End Unit
  • Flooring: Carpet, Laminate, Tile, Vinyl
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 379.28

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 21.00
  • Uncovered Spaces: 15.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community, In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Dog Park, Hiking, Preserve/Public Land

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 15246.00
  • Lot Size Acres: 0.3500

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 12695.00
  • Gross Scheduled Income: 152340.00
  • Lot Size Area: 15246.0000 Square Feet
  • Net Operating Income: 100086.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Number With Dishwasher: 5
  • Number With Range: 5
  • Operating Expense: 46161.00
  • Rent Control: Yes
  • Total Actual Rent: 8995.00
  • Total Expenses: 46161.00
  • Vacancy Allowance Rate: 4.00

Tax Info

  • New Taxes Expense: 25153.00
  • Tax Census Tract: 638.03
  • Tax Lot: 56
  • Tax Tract Number: 653
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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 List to Sale Price per Sq Ft
03/24/2020 03/24/20 Sold $2,050,000 -14.3% $379 / Sq Ft
01/22/2020 01/22/20 Pending -- -- --
01/21/2020 01/21/20 For Sale $2,392,500 -- $443 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $27,160 $2,241,973 $1,804,517 $437,456
2024 $27,160 $2,198,013 $1,769,134 $428,879
2023 $26,187 $2,154,915 $1,734,445 $420,470
2022 $25,230 $2,112,662 $1,700,436 $412,226
2021 $24,349 $2,071,238 $1,667,094 $404,144
2020 $13,124 $1,012,693 $589,653 $423,040
2019 $12,821 $992,837 $578,091 $414,746
2018 $12,555 $973,370 $566,756 $406,614
2017 $12,361 $954,285 $555,643 $398,642
2016 $12,117 $935,574 $544,748 $390,826
2015 $12,004 $921,521 $536,565 $384,956
2014 $11,750 $903,470 $526,054 $377,416
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20014345

California Regional Multiple Listing Service (CRMLS)

APN: 422-041-04

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