Seller's Agent in 2015
Christian Walsh
Berkshire Hathaway HomeServices California Properties
(949) 677-3466
5 in this area
83 Total Sales
531 Bernard St Costa Mesa, CA 92627
Downtown Costa Mesa NeighborhoodEstimated Value: $1,244,000 - $1,469,000
6
Beds
6
Baths
4,120
Sq Ft
$325/Sq Ft
Est. Value
Highlights
- 0.57 Acre Lot
- No HOA
- Laundry Room
- Fireplace in Bathroom
- Double Pane Windows
- Bungalow
About This Home
As of November 2015Great 8 unit residential income opportunity - all units are 1 bedroom/1 bathroom. Some units have been recently upgraded including new windows. All are separately metered for gas and electric and there is onsite laundry and 8 garages.
Big redevelopment value in the land - this huge lot is over half an acre and is located in the Mesa West Residential Ownership Urban Plan. This special zoning overlay offers a potential redevelopment opportunity - potentially 10 homes for sale. Buyer to verify with city.
The units are configured as 4 duplexes with only one common wall between pairs. Separate APN and address for each set of 4 means that you don’t necessarily have to use commercial financing to acquire. Addresses are 527 & 531 Bernard St.
Highly desirable location close to The Triangle and some of the best shopping and dining in Costa Mesa.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices California Properties License #01804983 Listed on: 11/17/2014
Co-Listed By
Chris Iseley
Watts Team Real Estate License #01910219
Last Buyer's Agent
Berkshire Hathaway HomeServices California Properties License #01804983 Listed on: 11/17/2014
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1954 | Remodeled
Lot Details
- 0.57 Acre Lot
- 1 Common Wall
- Rectangular Lot
- Density is 16-20 Units/Acre
Parking
- 8 Car Garage
- Parking Available
Home Design
- Bungalow
- Property Attached
- Stucco
Interior Spaces
- 4,120 Sq Ft Home
- 1-Story Property
- Double Pane Windows
- Family Room with Fireplace
Kitchen
- Gas Oven
- Fireplace in Kitchen
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 6 Bedrooms
- All Upper Level Bedrooms
- 6 Bathrooms
- Fireplace in Bathroom
Laundry
- Laundry Room
- Leased Washer and Dryer
Location
- Urban Location
Utilities
- Wall Furnace
- Gas Water Heater
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 8
- Tax Tract Number 553
- Assessor Parcel Number 42210334
Community Details
Overview
- No Home Owners Association
- 4 Buildings
- 8 Units
Amenities
- Laundry Facilities
Building Details
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 2 Separate Water Meters
- Gardener Expense $3,600
- Insurance Expense $2,500
- Maintenance Expense $1,000
- Trash Expense $2,136
- Water Sewer Expense $6,000
- New Taxes Expense $24,200
- Gross Income $9,650
- Net Operating Income $77,264
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 27, 2024
Sold by
Moore Alton Richard and Moore Richard G
Bought by
Adams David and Hattaway Vanessa
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
$972,711
Outstanding Balance
$958,705
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$379,576
Purchase Details
Closed on
Aug 26, 2024
Sold by
Murrell Jenna Lianna
Bought by
Moore Alton Richard
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$972,711
Outstanding Balance
$958,705
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$379,576
Purchase Details
Closed on
Aug 16, 2019
Sold by
Moore Richard G and Moore Maryann
Bought by
Moore Richard G and Moore Maryann
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$411,000
Interest Rate
3.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 14, 2017
Sold by
Planet Home Hosuing Pool 1
Bought by
Moore Alton Richard and Moore Rrichard G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,150
Interest Rate
3.92%
Mortgage Type
New Conventional
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Adams David | $1,216,000 | Lawyers Title Company | |
| Moore Alton Richard | -- | Lawyers Title Company | |
| Moore Richard G | -- | First American Title Ins Co | |
| Moore Richard G | -- | First American Title Ins Co | |
| Moore Alton Richard | $807,000 | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Adams David | $972,711 | |
| Previous Owner | Moore Richard G | $411,000 | |
| Previous Owner | Moore Alton Richard | $424,150 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/19/2015 11/19/15 | Sold | $2,250,000 | +2.3% | $546 / Sq Ft |
| 12/11/2014 12/11/14 | Pending | -- | -- | -- |
| 11/17/2014 11/17/14 | For Sale | $2,200,000 | -- | $534 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $10,738 | $1,215,888 | $760,656 | $455,232 |
| 2024 | $10,738 | $899,785 | $510,383 | $389,402 |
| 2023 | $10,364 | $882,143 | $500,376 | $381,767 |
| 2022 | $9,964 | $864,847 | $490,565 | $374,282 |
| 2021 | $9,635 | $847,890 | $480,946 | $366,944 |
| 2020 | $9,529 | $839,196 | $476,014 | $363,182 |
| 2019 | $9,327 | $822,742 | $466,681 | $356,061 |
| 2018 | $6,343 | $540,359 | $221,124 | $319,235 |
| 2017 | $2,721 | $216,789 | $216,789 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Christian Walsh
-
C
Seller Co-Listing Agent in 2015
Chris Iseley
Watts Team Real Estate
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW14243709
APN: 422-104-05
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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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