NOT LISTED FOR SALE

687 Victoria St Costa Mesa, CA 92627

Westside Costa Mesa Neighborhood
10 Beds
7 Baths
8,087 Sq Ft
0.84 Acres

Last Sold December 28, 2012

Last sale price $2,175,000 $269 Per Sq Ft

187 Days on Market

Highlights

  • 0.84 Acre Lot
  • Wood Siding
  • No Heating

About This Home

As of December 2012

This beautiful property consists of 12 units on two HUGE over 18,000 square foot lots. One lot includes a four unit building (all 2bd's) and 4 garages. The other parcel has two four unit buildings (all 1bd's), 4 garages, and 3 carports. All told there are 30 parking spaces on the lot. This property has FUTURE DEVELOPMENT POTENTIAL (see aerial view) - added value opportunity! There is also room for rents to go up. It was recently renovated with new roofs, windows, rentable storage (additional income not listed), paint, railing, etc., etc. The property has solid occupancy and is in a great location - good visibility and traffic. Walk to shopping, schools, work. Seller will carry some financing under the right circumstances.

Last Agent to Sell the Property

Michael Borba

Borba Investment Realty License #01380572 Listed on: 04/01/2012

Last Buyer's Agent

BJ Delzer

Melia Homes Inc License #00963544

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 0.84 Acre Lot
  • Lot Dimensions are 120x305

Home Design

  • 8,087 Sq Ft Home
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Bathrooms

Parking

  • 30 Parking Spaces
  • 3 Carport Spaces
  • Single Garage Door
  • Assigned Parking

Additional Features

  • Leased Washer and Dryer
  • No Heating

Listing and Financial Details

  • Tax Lot 0.8
  • Tax Tract Number 9
  • Assessor Parcel Number 42221104

Community Details

Overview

  • 3 Buildings
  • 12 Units

Building Details

  • 14 Separate Electric Meters
  • 13 Separate Gas Meters
  • 2 Separate Water Meters
  • New Taxes Expense $28,800
  • Gross Income $12,885

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Assessments: No
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 42221104
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 268.95

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: No
  • Parking Features: Assigned, Carport, Garage - Single Door
  • Total Parking Spaces: 30.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 120x305
  • Lot Size Sq Ft: 36600.00
  • Lot Size Acres: 0.8400

Multi Family

  • Gross Income: 12885.00
  • Gross Multiplier: 15.35
  • Gross Scheduled Income: 156000.00
  • Laundry Equipment Own Lease: Lease
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 12
  • Other Expense Description: 00

Tax Info

  • New Taxes Expense: 28800.00
  • Tax Area: 15039
  • Tax Lot: 0.8
  • Tax Tract Number: 9

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2012 12/28/12 Sold $2,175,000 -9.2% $269 / Sq Ft
10/05/2012 10/05/12 Pending -- -- --
04/01/2012 04/01/12 For Sale $2,395,000 -- $296 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2012

    Michael Borba

    Borba Investment Realty

    (562) 924-3858

    10 Total Sales

    Michael Borba
    Section Image
  • BJ Delzer

    Buyer's Agent in 2012

    BJ Delzer

    Melia Homes Inc

    (949) 988-7179

    BJ Delzer
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: R1201825

California Regional Multiple Listing Service (CRMLS)

APN: 422-211-05

California Orange County Costa Mesa 92627 Westside Costa Mesa

687 Victoria St, Costa Mesa, CA

This home is located at 687 Victoria St, Costa Mesa, CA 92627 since 01 April 2012. This property was built in 1959. 687 Victoria St is a home located in Orange County with nearby schools including Everett A. Rea Elementary School, Charles W. Tewinkle Middle School, and Estancia High School.

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

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