NOT LISTED FOR SALE

Estimated Value: $1,278,836 - $1,401,000

1 Bed
1 Bath
520 Sq Ft
$2,594/Sq Ft Est. Value

Last Sold March 12, 2024

Last sale price $1,199,000 $2,306 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $7,205/month

6 Days on Market

Highlights

  • Main Floor Bedroom
  • No HOA
  • Bathtub with Shower
  • Newport Heights Elementary Rated A
  • Den
  • 4-minute walk to Heller Park

About This Home

As of March 2024

Welcome to an unparalleled investment opportunity in the heart of a highly coveted Eastside Costa Mesa neighborhood. This property boasts a modest yet promising property—a cozy 1-bedroom, 1-bathroom home spanning 520 square feet, situated on a generous 5,741 square foot lot.

This property presents a blank canvas for investors seeking to capitalize on its prime location and zoning allowances. Zoned R3 with the flexibility to develop 2 units, the possibilities for maximizing return on investment are extensive.

The allure of this property lies not only in its investment potential but also in its sought-after Eastside neighborhood. Known for its charm, convenience, and strong market demand, the area promises enduring value and appeal.

Don't miss this rare chance to transform this property into a lucrative venture. Whether you're a seasoned investor or someone looking to capitalize on the burgeoning real estate market, this opportunity is not to be overlooked. Schedule a showing today and unlock the possibilities that await in this investor's dream property.

Last Agent to Sell the Property

Meagan Patterson

BerkshireHathaway HomeServices License #02159903 Listed on: 02/16/2024

BerkshireHathaway HomeServices

Last Buyer's Agent

Larry Birnbaum

LMB Enterprises License #01363487

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1947

Lot Details

  • 5,741 Sq Ft Lot
  • Block Wall Fence
  • Level Lot
  • Back and Front Yard
  • Density is up to 1 Unit/Acre
  • Property is zoned R3

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 520 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Den
  • Carpet

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom
  • Bathtub with Shower

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 63
  • Tax Tract Number 516
  • Assessor Parcel Number 42520210
  • $1,706 per year additional tax assessments

Home Details

Home Type

Single Family

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Zoning: R3
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42520210
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 520.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Appliances: No
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 2305.77
  • Room Type: All Bedrooms Down, Den, Kitchen, Living Room, Main Floor Bedroom
  • Bathroom Features: Shower In Tub

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Level with Street
  • Lot Size Sq Ft: 5741.00
  • Lot Size Acres: 0.1318

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5741.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 633.01
  • Tax Lot: 63
  • Tax Tract Number: 516
  • TaxOtherAnnualAssessmentAmount: 1706.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2024
Closed on
Feb 29, 2024
Sold by
Robert Bruce Bell Trust and Bell Robert Bruce
Bought by
Cefalia James and Cefalia Sarah
Seller's Agent
Meagan Patterson
BerkshireHathaway HomeServices
Buyer's Agent
Larry Birnbaum
LMB Enterprises
List Price
$1,199,000
Sold Price
$1,199,000
Views
32
Current Estimated Value
$1,348,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,959
Avg. Annual Appreciation
6.61%

Purchase Details

Closed on
Jan 28, 1998
Sold by
Bell Robert B
Bought by
Bell Robert Bruce and The Robert Bruce Bell Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Cefalia James $1,199,000 Progressive Title
Bell Robert Bruce -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2024 03/12/24 Sold $1,199,000 0.0% $2,306 / Sq Ft
02/16/2024 02/16/24 For Sale $1,199,000 -- $2,306 / 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 $1,813 $1,222,980 $1,194,095 $28,885
2024 $1,813 $83,100 $67,940 $15,160
2023 $1,700 $81,471 $66,608 $14,863
2022 $1,559 $79,874 $65,302 $14,572
2021 $1,464 $78,308 $64,021 $14,287
2020 $1,436 $77,506 $63,365 $14,141
2019 $1,403 $75,987 $62,123 $13,864
2018 $1,374 $74,498 $60,905 $13,593
2017 $1,355 $73,038 $59,711 $13,327
2016 $1,332 $71,606 $58,540 $13,066
2015 $1,317 $70,531 $57,661 $12,870
2014 $1,291 $69,150 $56,532 $12,618
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24033591

California Regional Multiple Listing Service (CRMLS)

APN: 425-202-10