NOT LISTED FOR SALE

224 Avocado St Costa Mesa, CA 92627

20 Beds
10 Baths
14,115 Sq Ft
29,621 Sq Ft Lot

Last Sold September 20, 2024

Last sale price $6,025,000 $427 Per Sq Ft

64 Days on Market

Highlights

  • No HOA
  • Fireplace
  • Garden
  • Costa Mesa High School Rated A-
  • Laundry Room
  • Central Heating

About This Home

As of September 2024

We are proud to present this well maintained 15 unit building of 2-bedroom units. First time on the market in 48 years. This 15-unit building (14- 2 bedroom 1 bathroom and 1 2- bedroom 1.5 bathroom) property has been well cared for and is immaculate. Parking on this property is superb with each unit having 2 reserved parking spaces to come home to at night, making parking easy and stress free. Private patios are found with each unit too, along with storage closets for 14 of the 15 units. The grounds are clean and inviting making for a relaxing environment. Freeway accessibility to the 405, 55, and 73 freeway makes the commuters travels easy. Shopping to many known locations such as South Coast Plaza, The CAMP, The Lab, 17th Street and Harbor Blvd are minutes away.

Last Agent to Sell the Property

Laura Henshall

CFG Investments Brokerage Phone: 714-299-4096 License #01091181 Listed on: 06/17/2024

Last Buyer's Agent

Chris Pettit

Skyline Commercial Real Estate License #01983950

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 0.68 Acre Lot
  • Two or More Common Walls
  • Garden

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 14,115 Sq Ft Home
  • 2-Story Property
  • Fireplace

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 15 Open Parking Spaces
  • 30 Parking Spaces
  • 15 Carport Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Fireplace in Patio
  • Suburban Location
  • Central Heating

Listing and Financial Details

  • Tax Lot 36
  • Tax Tract Number 57
  • Assessor Parcel Number 41901218
  • $6,246 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 15 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 16 Separate Electric Meters
  • 16 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $99,999
  • Fuel Expense $99,999
  • Insurance Expense $99,999
  • Professional Management Expense $19,400
  • Trash Expense $999,999
  • Water Sewer Expense $999,999
  • Operating Expense $999,999
  • Gross Income $407,640
  • Net Operating Income $999,999

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0.68 Acres

Listing Details

  • Assessments: No
  • Professional Management Expense: 19400.00
  • Property Attached: Yes
  • Water Sewer Expenses: 999999.00
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 41901218
  • Year Built: 1976
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Fireplace Features: Patio
  • Levels: Two
  • Price Per Square Foot: 426.85

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 15.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 30.00
  • Uncovered Spaces: 15.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 999999.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Garden
  • Lot Size Sq Ft: 29621.00
  • Lot Size Acres: 0.6800
  • Latitude Manual: 33.65465200

Multi Family

  • Electric Expense: 99999.00
  • Fuel Expense: 99999.00
  • Gross Income: 407640.00
  • Gross Scheduled Income: 407640.00
  • Insurance Expense: 99999.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 29621.0000 Square Feet
  • Net Operating Income: 999999.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 15
  • Operating Expense: 999999.00
  • Rent Control: Yes
  • Total Actual Rent: 33970.00
  • Total Expenses: 999999.00

Tax Info

  • Tax Census Tract: 639.06
  • Tax Lot: 36
  • Tax Tract Number: 57
  • TaxOtherAnnualAssessmentAmount: 6246.00
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Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2024 09/20/24 Sold $6,025,000 -8.7% $427 / Sq Ft
08/20/2024 08/20/24 Pending -- -- --
08/14/2024 08/14/24 For Sale $6,600,000 0.0% $468 / Sq Ft
07/18/2024 07/18/24 Pending -- -- --
07/08/2024 07/08/24 Price Changed $6,600,000 0.0% $468 / Sq Ft
07/08/2024 07/08/24 For Sale $6,600,000 -4.3% $468 / Sq Ft
06/28/2024 06/28/24 Pending -- -- --
06/26/2024 06/26/24 Price Changed $6,900,000 -13.2% $489 / Sq Ft
06/17/2024 06/17/24 For Sale $7,950,000 -- $563 / 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 $14,237 $5,905,000 $5,043,235 $861,765
2024 $14,237 $715,930 $144,438 $571,492
2023 $13,604 $701,893 $141,606 $560,287
2022 $12,516 $688,131 $138,830 $549,301
2021 $11,591 $674,639 $136,108 $538,531
2020 $11,481 $667,722 $134,712 $533,010
2019 $11,333 $654,630 $132,071 $522,559
2018 $11,152 $641,795 $129,482 $512,313
2017 $10,984 $629,211 $126,943 $502,268
2016 $10,776 $616,874 $124,454 $492,420
2015 $10,642 $607,608 $122,584 $485,024
2014 $10,405 $595,706 $120,182 $475,524
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24123196

California Regional Multiple Listing Service (CRMLS)
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