Seller's Agent in 2017
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
164 Total Sales
321 Avocado St Costa Mesa, CA 92627
Estimated Value: $854,000 - $1,085,361
6
Beds
4
Baths
22,000
Sq Ft
$46/Sq Ft
Est. Value
Highlights
- No HOA
- Costa Mesa High School Rated A-
- Landscaped
About This Home
As of January 2017321 Avocado Street is an 18-unit multifamily investment property located in Costa Mesa, California. Situated on a sizeable and well-maintained 0.93-acre lot, the property consists of 12 residential buildings containing 18 townhome units.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01451551 Listed on: 11/01/2016
Co-Listed By
Kurt Hediger
Marcus & Millichap RE Invest License #01846649
Last Buyer's Agent
Marcus & Millichap RE Invest License #01451551 Listed on: 11/01/2016
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1990
Lot Details
- 40,511 Sq Ft Lot
- No Common Walls
- Landscaped
- 419-072-02 through 419-072-19
Parking
- 36 Car Garage
Interior Spaces
- 22,000 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 14214
- Assessor Parcel Number 41907201
Community Details
Overview
- No Home Owners Association
- 12 Buildings
- 18 Units
Building Details
- 18 Leased Units
- 18 Separate Electric Meters
- 18 Separate Gas Meters
- Electric Expense $3,498
- Gardener Expense $1,800
- Insurance Expense $4,050
- Maintenance Expense $9,900
- Other Expense $7,200
- Professional Management Expense $15,950
- Trash Expense $3,498
- Water Sewer Expense $3,498
- New Taxes Expense $96,423
- Gross Income $39,150
- Net Operating Income $299,089
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 7, 2021
Sold by
Nnc Casa Townhomes Llc
Bought by
Cmth Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,525,000
Outstanding Balance
$5,822,561
Interest Rate
2.7%
Mortgage Type
Commercial
Estimated Equity
-$4,811,721
Purchase Details
Closed on
May 22, 2018
Sold by
Nnc Apratment Ventrues Llc
Bought by
Nnc Dasa Tonhomes Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,320,000
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Nov 1, 2016
Closed on
Dec 21, 2016
Sold by
Solomaho Helena
Bought by
Nnc Apartment Ventures Llc and Ditch Ranch Partnership
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Tyler Leeson
Marcus & Millichap RE Invest
List Price
$8,500,000
Sold Price
$8,125,000
Premium/Discount to List
-$375,000
-4.41%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-20.06%
Original Mortgage
$4,265,000
Interest Rate
4.16%
Mortgage Type
Commercial
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Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cmth Llc | $10,500,000 | First Amer Ttl Ins Co Ncs | |
| Nnc Dasa Tonhomes Llc | -- | Chicago Title Co | |
| Nnc Apartment Ventures Llc | $8,125,000 | Chicago Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cmth Llc | $6,525,000 | |
| Previous Owner | Nnc Dasa Tonhomes Llc | $4,320,000 | |
| Previous Owner | Nnc Apartment Ventures Llc | $4,265,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/19/2017 01/19/17 | Sold | $8,125,000 | -4.4% | $369 / Sq Ft |
| 12/05/2016 12/05/16 | Pending | -- | -- | -- |
| 11/01/2016 11/01/16 | For Sale | $8,500,000 | -- | $386 / 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 | $7,197 | $631,418 | $508,345 | $123,073 |
| 2024 | $7,197 | $619,038 | $498,378 | $120,660 |
| 2023 | $6,992 | $606,900 | $488,605 | $118,295 |
| 2022 | $6,778 | $595,000 | $479,024 | $115,976 |
| 2021 | $5,549 | $483,977 | $373,541 | $110,436 |
| 2020 | $5,496 | $479,015 | $369,711 | $109,304 |
| 2019 | $5,390 | $469,623 | $362,462 | $107,161 |
| 2018 | $5,287 | $460,415 | $355,355 | $105,060 |
| 2017 | $4,597 | $398,141 | $269,513 | $128,628 |
| 2016 | $4,497 | $390,335 | $264,229 | $126,106 |
| 2015 | $4,452 | $384,472 | $260,260 | $124,212 |
| 2014 | $4,349 | $376,941 | $255,162 | $121,779 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
-
K
Seller Co-Listing Agent in 2017
Kurt Hediger
Marcus & Millichap RE Invest
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC16738392
APN: 419-072-18
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.
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
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