NOT LISTED FOR SALE

267 Costa Mesa St Costa Mesa, CA 92627

Downtown Costa Mesa Neighborhood

Estimated Value: $1,853,962 - $2,210,000

4 Beds
2 Baths
1,684 Sq Ft
$1,185/Sq Ft Est. Value

Last Sold January 02, 2020

Last sale price $1,100,000 $653 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $11,537/month

4 Days on Market

Highlights

  • Parking available for a boat
  • Wood Flooring
  • No HOA
  • Heinz Kaiser Elementary School Rated A
  • Private Yard
  • Double Pane Windows

About This Home

As of January 2020

Fantastic opportunity to own a duplex in a premier location in Eastside Costa Mesa. Two units on an oversized lot. Each home is 2 bedrooms, 1 bathroom with their own private yard and 1 car garage. Fireplace in the front unit. Rear unit is move in ready with an open kitchen and a 300 sq ft bonus room.
Both homes have washer/dryer hookups. In between the front and back unit is the 2 single stall garages so there is no shared living walls.
Plenty of parking on an oversized driveway, or room to add-on to the structure. Short Stroll to Mariners Park, Mothers Market, Triangle Square and all of the shopping and dining on 17th street. Great cash flow opportunity and ready for your personal design! Currently sold "As Is" with unfinished remodeling projects - perfect for a contractor or handy person who wants a project to make it their own.

Last Agent to Sell the Property

Danae Aballi-Mecham

Real Brokerage Technologies, Inc License #01414653 Listed on: 11/12/2019

Real Brokerage Technologies, Inc

Last Buyer's Agent

Danae Aballi-Mecham

Real Brokerage Technologies, Inc License #01414653 Listed on: 11/12/2019

Real Brokerage Technologies, Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 8,717 Sq Ft Lot
  • No Common Walls
  • Northeast Facing Home
  • Wood Fence
  • Block Wall Fence
  • Level Lot
  • Sprinkler System
  • Private Yard
  • Back Yard

Parking

  • 2 Car Garage
  • 8 Open Parking Spaces
  • Parking Available
  • Driveway Level
  • Parking available for a boat
  • RV Access or Parking

Home Design

  • Duplex
  • Stucco

Interior Spaces

  • 1,684 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Family Room with Fireplace

Flooring

  • Wood
  • Carpet
  • Stone
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Gas Water Heater

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 174
  • Tax Tract Number 516
  • Assessor Parcel Number 42628104

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Gardener Expense $1,200
  • Insurance Expense $1,200
  • Trash Expense $240
  • Water Sewer Expense $1,200
  • New Taxes Expense $13,000
  • Operating Expense $18,040

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • View: No
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Ranch
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 42628104
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Recessed Lighting
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone, Tile, Vinyl, Wood
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 653.21
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: Northeast
  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Boat, Driveway, Concrete, Driveway Level, Garage, RV Access/Parking, RV Potential
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 240.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Level, Sprinkler System, Yard
  • Lot Size Sq Ft: 8717.00
  • Lot Size Acres: 0.2001
  • Latitude Manual: 33.63995100

Multi Family

  • Average1 Bed Area: 842 Square Feet
  • Average2 Bed Area: 842 Square Feet
  • Electric Expense: 1200.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 8717.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Expenses: 18040.00
  • Vacancy Allowance Rate: 25.00

Tax Info

  • New Taxes Expense: 13000.00
  • Tax Census Tract: 632.02
  • Tax Lot: 174
  • Tax Tract Number: 516

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2019
Closed on
Dec 19, 2019
Sold by
Gale Steven Ryan
Bought by
Gale Steven Ryan and Gale Catherine A
Seller's Agent
Danae Aballi-Mecham
Real Brokerage Technologies, Inc
Buyer's Agent
Danae Aballi-Mecham
Real Brokerage Technologies, Inc
List Price
$1,200,000
Sold Price
$1,100,000
Premium/Discount to List
-$100,000
-8.33%
Current Estimated Value
$1,995,741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$895,741
Avg. Annual Appreciation
10.31%
Original Mortgage
$660,000
Outstanding Balance
$580,737
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$1,415,004

Purchase Details

Listed on
Nov 12, 2019
Closed on
Dec 3, 2019
Sold by
Sacher Robert Francis
Bought by
Gale Steven Ryan
Seller's Agent
Danae Aballi-Mecham
Real Brokerage Technologies, Inc
Buyer's Agent
Danae Aballi-Mecham
Real Brokerage Technologies, Inc
List Price
$1,200,000
Sold Price
$1,100,000
Premium/Discount to List
-$100,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,000
Outstanding Balance
$580,737
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$1,415,004

Purchase Details

Closed on
Mar 2, 2000
Sold by
Patty Lynda K
Bought by
Sacher Robert Francis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,200
Interest Rate
8.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 2, 1997
Sold by
Patty Lynda K
Bought by
Patty Lynda K
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gale Steven Ryan -- Accommodation
Gale Steven Ryan -- Fidelity Natl Ttl Orange Cnt
Gale Steven Ryan $1,100,000 Fidelity Natl Ttl Orange Cnt
Sacher Robert Francis $329,000 First American Title Ins Co
Patty Lynda K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gale Steven Ryan $660,000
Previous Owner Sacher Robert Francis $263,200
Closed Sacher Robert Francis $49,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/02/2020 01/02/20 Sold $1,100,000 -8.3% $653 / Sq Ft
11/16/2019 11/16/19 Pending -- -- --
11/12/2019 11/12/19 For Sale $1,200,000 -- $713 / 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 $13,961 $1,203,008 $1,127,762 $75,246
2024 $13,961 $1,179,420 $1,105,649 $73,771
2023 $13,535 $1,156,295 $1,083,970 $72,325
2022 $13,180 $1,133,623 $1,062,716 $70,907
2021 $12,818 $1,111,396 $1,041,879 $69,517
2020 $5,953 $462,361 $373,972 $88,389
2019 $5,820 $453,296 $366,640 $86,656
2018 $5,700 $444,408 $359,451 $84,957
2017 $5,611 $435,695 $352,403 $83,292
2016 $5,500 $427,152 $345,493 $81,659
2015 $5,448 $420,736 $340,303 $80,433
2014 $5,332 $412,495 $333,637 $78,858
Source: Public Records

Agents Affiliated with this Home

  • Danae Aballi-Mecham

    Seller's Agent in 2020

    Danae Aballi-Mecham

    Real Brokerage Technologies, Inc

    (714) 709-6558

    50 Total Sales

    Danae Aballi-Mecham
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP19262816

California Regional Multiple Listing Service (CRMLS)

APN: 426-281-04

California Orange County Costa Mesa 92627 Downtown Costa Mesa

267 Costa Mesa St, Costa Mesa, CA

Not Listed for Sale

MultiFamily

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