Seller's Agent in 2021
Jill Daley-Burnett
Regency Real Estate Brokers
(949) 289-7830
1 in this area
37 Total Sales
574 Joann St Costa Mesa, CA 92627
Westside Costa Mesa Neighborhood
16
Beds
8
Baths
6,354
Sq Ft
0.28
Acres
Highlights
- Golf Course Community
- City Lights View
- Level Lot
- Gated Community
- Laundry Room
- Wall Furnace
About This Home
As of April 2021Great 8 unit complex on 2 lots 574 and 578 Joann Street. This is a turnkey pair of 4 plexes with gated courtyard in the middle and is in a Fabulous location right next to Costa Mesa Golf course. Near by shopping, restaurants and schools. All 8 units are totally remodeled, 7 units just a few years ago and 1 unit just completed. The Roof and exterior paint are new with in the last few years too. The units are all rented at 1800 except one at 1850. Very easy to rent, vacancy has never been a problem here. Rents could be raised to get higher return. You also could do 2 separate loans because each 4 plex has its own APN #.
Last Agent to Sell the Property
Regency Real Estate Brokers License #01005640 Listed on: 03/05/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1959
Lot Details
- 0.28 Acre Lot
- Two or More Common Walls
- Level Lot
- Front Yard
- Density is 6-10 Units/Acre
Property Views
- City Lights
- Golf Course
Home Design
- Apartment
- Entry on the 2nd floor
Interior Spaces
- 6,354 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 16 Bedrooms
- 8 Bathrooms
Parking
- Parking Available
- Assigned Parking
Utilities
- Wall Furnace
Listing and Financial Details
- Tenant pays for cable TV, electricity
- Tax Lot 11
- Tax Tract Number 2327
- Assessor Parcel Number 42216304
Community Details
Overview
- 2 Buildings
- 8 Units
Recreation
- Golf Course Community
Building Details
- 8 Leased Units
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $600
- Fuel Expense $840
- Gardener Expense $2,100
- Insurance Expense $2,878
- Maintenance Expense $3,000
- Other Expense $190
- Trash Expense $1,573
- Water Sewer Expense $4,560
- New Taxes Expense $21,090
- Operating Expense $36,831
- Gross Income $178,239
- Net Operating Income $141,408
Security
- Gated Community
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/30/2021 04/30/21 | Sold | $2,980,000 | -0.6% | $469 / Sq Ft |
| 03/16/2021 03/16/21 | For Sale | $2,999,000 | +0.6% | $472 / Sq Ft |
| 03/15/2021 03/15/21 | Off Market | $2,980,000 | -- | -- |
| 03/05/2021 03/05/21 | For Sale | $3,000,000 | 0.0% | $472 / Sq Ft |
| 01/29/2021 01/29/21 | Rented | $1,800 | -5.3% | -- |
| 01/16/2021 01/16/21 | Under Contract | -- | -- | -- |
| 01/09/2021 01/09/21 | Price Changed | $1,900 | +5.6% | $2 / Sq Ft |
| 01/02/2021 01/02/21 | For Rent | $1,800 | 0.0% | -- |
| 12/18/2020 12/18/20 | Off Market | $1,800 | -- | -- |
| 12/10/2020 12/10/20 | Price Changed | $1,800 | -5.3% | $2 / Sq Ft |
| 11/22/2020 11/22/20 | For Rent | $1,900 | +5.6% | -- |
| 06/07/2020 06/07/20 | Rented | $1,800 | 0.0% | -- |
| 05/17/2020 05/17/20 | Under Contract | -- | -- | -- |
| 04/20/2020 04/20/20 | For Rent | $1,800 | 0.0% | -- |
| 04/10/2020 04/10/20 | Under Contract | -- | -- | -- |
| 03/30/2020 03/30/20 | For Rent | $1,800 | 0.0% | -- |
| 01/22/2020 01/22/20 | Rented | $1,800 | 0.0% | -- |
| 12/13/2019 12/13/19 | Under Contract | -- | -- | -- |
| 12/02/2019 12/02/19 | For Rent | $1,800 | -5.3% | -- |
| 06/04/2019 06/04/19 | Rented | $1,900 | -5.0% | -- |
| 05/10/2019 05/10/19 | Price Changed | $2,000 | -7.0% | $2 / Sq Ft |
| 05/04/2019 05/04/19 | For Rent | $2,150 | +22.9% | -- |
| 04/04/2018 04/04/18 | Rented | $1,750 | 0.0% | -- |
| 02/14/2018 02/14/18 | Price Changed | $1,750 | -2.8% | $2 / Sq Ft |
| 02/05/2018 02/05/18 | Price Changed | $1,800 | -5.3% | $2 / Sq Ft |
| 01/17/2018 01/17/18 | Price Changed | $1,900 | -5.0% | $2 / Sq Ft |
| 01/11/2018 01/11/18 | Price Changed | $2,000 | -4.8% | $2 / Sq Ft |
| 01/09/2018 01/09/18 | Price Changed | $2,100 | -4.5% | $2 / Sq Ft |
| 01/01/2018 01/01/18 | For Rent | $2,200 | -- | -- |
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 | $18,330 | $1,612,822 | $1,407,161 | $205,661 |
| 2024 | $18,330 | $1,581,199 | $1,379,570 | $201,629 |
| 2023 | $17,846 | $1,550,196 | $1,352,520 | $197,676 |
| 2022 | $17,374 | $1,519,800 | $1,326,000 | $193,800 |
| 2021 | $17,476 | $1,545,850 | $1,456,480 | $89,370 |
| 2020 | $17,309 | $1,530,000 | $1,441,546 | $88,454 |
| 2019 | $10,545 | $888,846 | $809,040 | $79,806 |
| 2018 | $10,346 | $871,418 | $793,176 | $78,242 |
| 2017 | $10,171 | $854,332 | $777,624 | $76,708 |
| 2016 | $9,951 | $837,581 | $762,377 | $75,204 |
| 2015 | $9,850 | $825,000 | $750,925 | $74,075 |
| 2014 | $4,432 | $315,187 | $224,375 | $90,812 |
Source: Public Records
Agents Affiliated with this Home
-
Jill Daley-Burnett
-
Aneeta Kumar
Buyer's Agent in 2021
Aneeta Kumar
Keller Williams Realty
(714) 861-5598
1 in this area
14 Total Sales
-
Frank Hutchison
F
Seller's Agent in 2018
Frank Hutchison
Partners Real Estate Group
(949) 344-1860
1 Total Sale
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC21044571
APN: 422-163-04
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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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