NOT LISTED FOR SALE

778 Congress St Costa Mesa, CA 92627

Westside Costa Mesa Neighborhood
2 Beds
1 Bath
6,400 Sq Ft
0.56 Acres

Last Sold November 06, 2015

Last sale price $2,060,000 $322 Per Sq Ft

99 Days on Market

Highlights

  • 0.56 Acre Lot
  • Cul-De-Sac
  • Laundry Room
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

About This Home

As of November 2015

Westside Costa Mesa 8 plex. Each unit is two bedroom one bath with detached 1 car garage and ample off street additional parking. Situated on approx. 1/2 of and extremely long & narrow (50'X458') lot, parallel with Placentia Ave., South of Wilson. North 1/2 is undeveloped. Accessed from cul-de-sac on Congress. Each unit has separate gas & electric meters; water & trash paid by owner. Very long-term tenants with 1 vacancy in last 3 years.

Last Agent to Sell the Property

Steve White

White Realty License #00334160 Listed on: 06/01/2015

Last Buyer's Agent

Christee Booth

Christee A. Booth, Broker License #01781726

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 0.56 Acre Lot
  • Property fronts an alley
  • 1 Common Wall
  • Cul-De-Sac
  • Rectangular Lot
  • Level Lot
  • Density is 6-10 Units/Acre

Parking

  • 8 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 6,400 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Sewer Paid

Additional Features

  • Rain Gutters
  • Urban Location

Listing and Financial Details

  • Tax Lot 48
  • Tax Tract Number 247
  • Assessor Parcel Number 42241212

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,800
  • Maintenance Expense $11,000
  • Trash Expense $4,000
  • Water Sewer Expense $4,000
  • New Taxes Expense $23,000
  • Gross Income $9,700
  • Net Operating Income $116,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Parking

8

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
  • Water Sewer Expenses: 4000.00
  • Property Type: Residential Income
  • Parcel Number: 42241212
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 321.88

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 40.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Community, Individual Room, Outside
  • Sewer: Sewer Paid
  • Trash Expense: 4000.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Gutters, Urban

Lot Info

  • Lot Features: Cul-De-Sac, 6-10 Units/Acre, Level, Rectangular Lot, Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 24198.00
  • Price Per Lot Square Foot: 85.13
  • Lot Size Acres: 0.5560

Multi Family

  • Average2 Bed Area: 800
  • Gross Income: 9700.00
  • Gross Scheduled Income: 139200.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 24198.0000 Square Feet
  • Maintenance Expense: 11000.00
  • Net Operating Income: 116400.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 22800.00
  • Other Income Description: Laundry
  • Rent Control: No
  • Total Actual Rent: 11600.00

Tax Info

  • New Taxes Expense: 23000.00
  • Tax Lot: 48
  • Tax Tract Number: 247
  • Tax Year: 2014

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 List to Sale Price per Sq Ft
11/06/2015 11/06/15 Sold $2,060,000 -10.4% $322 / Sq Ft
09/08/2015 09/08/15 Pending -- -- --
06/01/2015 06/01/15 For Sale $2,300,000 -- $359 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steve White

    Seller's Agent in 2015

    Steve White

    White Realty

    (714) 609-7699

    4 Total Sales

    Steve White
    Section Image

  • C

    Buyer's Agent in 2015

    Christee Booth

    Christee A. Booth, Broker

    (714) 728-2747

    11 Total Sales

    Christee Booth
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15116509

California Regional Multiple Listing Service (CRMLS)

APN: 422-412-12

California Orange County Costa Mesa 92627 Westside Costa Mesa

778 Congress St, Costa Mesa, CA

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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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