NOT LISTED FOR SALE

269 Walnut St Costa Mesa, CA 92627

Downtown Costa Mesa Neighborhood

Estimated Value: $1,734,000 - $2,035,000

4 Beds
3 Baths
1,904 Sq Ft
$973/Sq Ft Est. Value

Last Sold January 05, 2021

Last sale price $1,110,000 $583 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $10,840/month

84 Days on Market

Highlights

  • Open Floorplan
  • High Ceiling
  • Laundry Room
  • Heinz Kaiser Elementary School Rated A
  • No HOA
  • More Than Two Accessible Exits

About This Home

As of January 2021

Great opportunity to own income property on one of Eastside Costa Mesa's premier streets! Front house is a quintessential 2 bedroom, 1 bath beach bungalow with spacious front and back yards, interior laundry and a one car garage. Rear unit is a one bedroom, one bath above the two car garage with open floorplan, soaring open beam ceilings and laundry hook-ups in garage. Quiet location with several remodeled homes surrounding. Close to beaches, 17th Street and Triangle square. Long term tenants on property. Property is being sold subject to seller securing replacement property which has been identified.

BACK ON THE MARKET - HUGE PRICE REDUCTION!!!! DON'T MISS THIS OPPORTUNITY

Last Agent to Sell the Property

Melissa Barnes

Compass License #01249422 Listed on: 08/14/2020

Compass

Last Buyer's Agent

Melissa Barnes

Compass License #01249422 Listed on: 08/14/2020

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 6,586 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Wood Fence
  • Redwood Fence
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • 2 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Bungalow
  • Property Attached
  • Composition Roof

Interior Spaces

  • 1,904 Sq Ft Home
  • Open Floorplan
  • High Ceiling
  • Drapes & Rods
  • Blinds

Kitchen

  • Gas Oven
  • Gas Range
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Central Heating
  • Wall Furnace
  • Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 828
  • Assessor Parcel Number 42628205

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Eastside South Subdivision

Building Details

  • 3 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Operating Expense $4,180
  • Gross Income $59,400
  • Net Operating Income $59,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Eastside South (ESCM)
  • View: No
  • Zoning: R2
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 42628205
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: High Ceilings, Open Floorplan
  • Common Walls: 1 Common Wall
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Levels: One, Two
  • Price Per Square Foot: 582.98
  • Room Type: Kitchen, Laundry
  • Window Features: Blinds, Drapes

Exterior Features

  • Fence: Yes
  • Fencing: Redwood, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Range, Refrigerator, Water Heater
  • Heating Type: Central, Wall Furnace
  • Laundry Features: In Garage, Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6586.00
  • Lot Size Acres: 0.1512

Rental Info

  • Tenant Pays: None

Multi Family

  • Average1 Bed Area: 764 Square Feet
  • Average2 Bed Area: 712 Square Feet
  • Average Studio Area: 428 Square Feet
  • Gross Income: 59400.00
  • Gross Scheduled Income: 59400.00
  • Lot Size Area: 6586.0000 Square Feet
  • Net Operating Income: 59400.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Disposal: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Rent Control: No
  • Total Actual Rent: 4950.00
  • Total Expenses: 4180.00

Tax Info

  • Tax Lot: 17
  • Tax Tract Number: 828

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 8, 2022
Sold by
Kimball Stephen C
Bought by
Two Sixty Nine Walnut Llc
Current Estimated Value
$1,853,126

Purchase Details

Listed on
Aug 14, 2020
Closed on
Nov 30, 2020
Sold by
Kimball Julie C
Bought by
Kimball Stephen C
Seller's Agent
Melissa Barnes
Compass
Buyer's Agent
Melissa Barnes
Compass
List Price
$1,349,000
Sold Price
$1,110,000
Premium/Discount to List
-$239,000
-17.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.79%

Purchase Details

Listed on
Aug 14, 2020
Closed on
Nov 17, 2020
Sold by
269 Walnut Street Llc
Bought by
Kimball Stephen C and Kimball Katherine C
Seller's Agent
Melissa Barnes
Compass
Buyer's Agent
Melissa Barnes
Compass
List Price
$1,349,000
Sold Price
$1,110,000
Premium/Discount to List
-$239,000
-17.72%

Purchase Details

Closed on
May 13, 2017
Sold by
Li Theodore and Li Lisa
Bought by
269 Walnut Street Llc

Purchase Details

Closed on
Jun 18, 2010
Sold by
Li Theodore and Li Lisa
Bought by
Li Theodore and Li Lisa

Purchase Details

Closed on
Jul 28, 2009
Sold by
Carlile Kathleen M
Bought by
Li Theodore and Li Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 10, 2005
Sold by
Mulhall John M
Bought by
Carlile Kathleen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$787,500
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 2002
Sold by
Coluccio Robert P and Coluccio Terry A
Bought by
Mulhall John M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
6.05%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Oct 3, 2001
Sold by
Coluccio Robert P and Coluccio Terry A
Bought by
Coluccio Robert P and Coluccio Terry A

Purchase Details

Closed on
Apr 5, 2001
Sold by
Coluccio Robert P and Coluccio Terry A
Bought by
Coluccio Robert P and Coluccio Terry A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 17, 1998
Sold by
Coluccio Robert P and Coluccio Terry A
Bought by
Coluccio Robert P and Coluccio Terry A

Purchase Details

Closed on
Feb 6, 1996
Sold by
Nettles Jannette
Bought by
Coluccio Robert P and Coluccio Terry A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Two Sixty Nine Walnut Llc -- --
Kimball Stephen C -- Chicago Title Insurance
Kimball Stephen C $1,110,000 Chicago Title Company
269 Walnut Street Llc -- None Available
Li Theodore -- Accommodation
Li Theodore $606,000 Advantage Title Inc
Carlile Kathleen M $1,050,000 Orange Coast Title
Mulhall John M $630,000 Stewart Title
Coluccio Robert P -- United Title Company
Coluccio Robert P -- Fidelity National Title Ins
Coluccio Robert P -- --
Coluccio Robert P $175,000 Orange Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Li Theodore $417,000
Previous Owner Carlile Kathleen M $787,500
Previous Owner Mulhall John M $435,000
Previous Owner Coluccio Robert P $315,000
Previous Owner Coluccio Robert P $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2021 01/05/21 Sold $1,110,000 -5.9% $583 / Sq Ft
10/25/2020 10/25/20 Price Changed $1,179,000 -9.2% $619 / Sq Ft
08/31/2020 08/31/20 Price Changed $1,299,000 -3.7% $682 / Sq Ft
08/14/2020 08/14/20 For Sale $1,349,000 -- $709 / 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 $13,797 $1,201,498 $1,077,654 $123,844
2024 $13,797 $1,177,940 $1,056,524 $121,416
2023 $13,376 $1,154,844 $1,035,808 $119,036
2022 $13,026 $1,132,200 $1,015,498 $116,702
2021 $8,591 $722,664 $597,018 $125,646
2020 $8,480 $715,254 $590,896 $124,358
2019 $8,291 $701,230 $579,310 $121,920
2018 $8,121 $687,481 $567,951 $119,530
2017 $7,988 $674,001 $556,814 $117,187
2016 $7,821 $660,786 $545,896 $114,890
2015 $7,749 $650,861 $537,696 $113,165
2014 $7,577 $638,112 $527,163 $110,949
Source: Public Records

Agents Affiliated with this Home

  • Melissa Barnes

    Seller's Agent in 2021

    Melissa Barnes

    Compass

    (949) 633-1896

    6 in this area

    50 Total Sales

    Melissa Barnes
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP20163323

California Regional Multiple Listing Service (CRMLS)

APN: 426-282-05

California Orange County Costa Mesa 92627 Downtown Costa Mesa

269 Walnut St, Costa Mesa, CA

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes