S
Seller's Agent in 2018
Steven Brombal
Kidder Mathews of California, Inc
674 W 18th St Costa Mesa, CA 92627
Downtown Costa Mesa NeighborhoodEstimated Value: $1,365,000 - $2,298,000
0.39
Acre
$4,749,964
Price per Acre
17,089
Sq Ft Lot
Highlights
- Senior Community
- Property is near a park
- Masonry wall
- 17,089 Sq Ft lot
- No HOA
About This Lot
As of April 2018TRUST SALE. This site is perfect for Redevelopment and is zoned R-2 HD (20 units to the acre) which we believe will support 5-6 new residences. Any serious developer should meet with City of CM planing officials for details. This type of redevelopment and re-gentrification is happening all over Westside Costa Mesa. The Seller will provide a reasonable Due Diligence time-frame for a developer; however, they would like to close on an un-entitled basis with pricing reasonable to that end.
First time on the market since 1970. The 18th Street Cottages/Development Site has many options as redevelopment now or great value add play. There are (4) 2bd/1ba single story cottages each with large yard, single garage, W & D hook-ups, and separate hot water heaters. The improvements are situated on the front of a large 17,090 sq ft lot boasting a very large open area in the rear. The property and improvements need renovation and there is tremendous attainable upside with those improvements. The last rental and currently the highest rent is $1850 with the lowest unit rent at $1100. The front unit with very large yard is $1300 with a 12 year resident. There is one vacant un-renovated unit and that unit interior can be shown to a qualified and vetted investor/developer by appointment. Call Listing Broker for 5-page Color Marketing Flyer with Proforma.
Last Agent to Sell the Property
Steven Brombal
Kidder Mathews of California, Inc License #00972129 Listed on: 02/21/2018
Last Buyer's Agent
Steven Brombal
Kidder Mathews of California, Inc License #00972129 Listed on: 02/21/2018
Property Details
Property Type
- Land
Est. Annual Taxes
- $20,573
Year Built
- 1954
Lot Details
- 0.39 Acre Lot
- Masonry wall
- Block Wall Fence
- Needs Fence Repair
- Density is 16-20 Units/Acre
- Property is zoned R-@ HD
Location
- Property is near a park
- Property is near public transit
- Urban Location
Community Details
- Senior Community
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 42424131
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 21, 2018
Closed on
Mar 19, 2018
Sold by
Russell Kimberly N
Bought by
Kerstner Company Llc
Seller's Agent
Steven Brombal
Kidder Mathews of California, Inc
Buyer's Agent
Steven Brombal
Kidder Mathews of California, Inc
List Price
$1,784,000
Sold Price
$1,483,000
Premium/Discount to List
-$301,000
-16.87%
Total Days on Market
47
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$380,456
Avg. Annual Appreciation
2.19%
Original Mortgage
$762,500
Interest Rate
3.94%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 25, 2004
Sold by
Richardson Leo R
Bought by
Lu Johnny and Chang Shawn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$603,000
Interest Rate
5.64%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 6, 1998
Sold by
Rogers Leo K
Bought by
Rogers Mary J
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 |
|---|---|---|---|
| Kerstner Company Llc | $1,483,000 | First American Title | |
| Lu Johnny | $1,010,000 | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kerstner Company Llc | $1,365,000 | |
| Closed | Kerstner Company Llc | $762,500 | |
| Previous Owner | Lu Johnny | $603,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/23/2018 04/23/18 | Sold | $1,483,000 | -16.9% | -- |
| 04/09/2018 04/09/18 | Pending | -- | -- | -- |
| 02/21/2018 02/21/18 | For Sale | $1,784,000 | -- | -- |
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 |
|---|---|---|---|---|
| 2024 | $20,573 | $1,654,312 | $1,504,893 | $149,419 |
| 2023 | $19,872 | $1,621,875 | $1,475,385 | $146,490 |
| 2022 | $19,241 | $1,590,074 | $1,446,456 | $143,618 |
| 2021 | $18,630 | $1,558,897 | $1,418,095 | $140,802 |
| 2020 | $18,394 | $1,542,913 | $1,403,554 | $139,359 |
| 2019 | $17,990 | $1,512,660 | $1,376,033 | $136,627 |
| 2018 | $3,145 | $105,155 | $44,663 | $60,492 |
| 2017 | $3,113 | $103,094 | $43,788 | $59,306 |
| 2016 | $3,073 | $101,073 | $42,929 | $58,144 |
| 2015 | $3,045 | $99,555 | $42,284 | $57,271 |
| 2014 | $2,998 | $97,605 | $41,455 | $56,150 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC18043343
APN: 424-241-31
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
Nearby Homes
- 1792 Crestmont Place
- 1792 Kenwood Place
- 764 W 18th St
- 645 W 17th St
- 778 Shalimar Dr
- 1680 Grand View
- 639 Channel Way
- 645 Channel Way
- 1651 Topanga
- 1914 1/2 Anaheim Ave Unit 1
- 1925 Anaheim Ave Unit 8
- 140 Cabrillo St Unit 25
- 132 E 18th St
- 525 Fairfax Dr Unit 2
- 2028 Wallace Ave Unit C
- 2028 Wallace Ave
- 2018 Anaheim Ave
- 1527 Orange Ave
- 207 Knox St
- 21 Ebb Tide Cir
- 674 W 18th St
- 676 W 18th St
- 680 W 18th St Unit C
- 680 W 18th St Unit B
- 680 W 18th St Unit D
- 680 W 18th St
- 670 W 18th St
- 684 W 18th St
- 686 W 18th St
- 666 W 18th St
- 690 W 18th St Unit 1/2
- 690 W 18th St
- 1816 Pomona Ave
- 1808 Pomona Ave
- 1810 Pomona Ave
- 1818 Pomona Ave
- 654 W 18th St Unit A
- 654 W 18th St Unit F
- 654 W 18th St Unit D
- 654 W 18th St Unit C