Search
1012 Mission Dr, Costa Mesa, CA 92626
Image 2 for 1012 Mission Dr, Costa Mesa, CA 92626
Image 3 for 1012 Mission Dr, Costa Mesa, CA 92626
View Photos

1012 Mission Dr Costa Mesa, CA 92626

$4,450,000
  • 16 Beds
  • 12 Baths
  • 9,402 Sq.Ft.
For Sale
$4,450,000 Get Pre-Qualified
Map preview of 1012 Mission Dr, Costa Mesa, CA 92626

Property Overview: 1012 Mission Dr Costa Mesa, CA has 16 bedrooms, 12 bathrooms, 9,402 living square feet and 14,502 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Welcome to 1012 & 1018 Mission Drive in the Mesa Del Mar enclave of Costa Mesa. These adjacent four-unit apartment buildings showcase an array of 2-bedroom/1.5-bathroom townhouse-style units, each accompanied by its own private yard. With an average unit size of approximately 1,175 square feet, these residences epitomize comfortable living. The property boasts a substantial community courtyard nestled between the two buildings. Notably, the seller has recently renovated four of the eight units since 2021, creating an attractive prospect for savvy investors to enhance the remaining four units and leverage competitive market rents. Tenants are offered garages and off-street parking, along with dedicated laundry rooms within each building. The strategic location of the property ensures easy accessibility to the best of Costa Mesa, including renowned destinations such as South Coast Plaza, The Camp, The LAB, and the Harbor Blvd shopping corridor. Additionally, tenants enjoy seamless connectivity with quick access to major freeways, including the 405, 55, and 73 Freeways. This property not only promises a secure investment but also positions itself as an inviting residential haven at the heart of Costa Mesa's vibrant offerings.

Listed by Nick Gould | BRE #01521955 | Gould Group Inc
Last checked: 10 minutes ago | Last updated: April 22nd, 2024 | Source CRMLS | DOM: 37
Get a $13,350 Cash Reward New

Buy this home with Ardent Real Estate Group and get $13,350 back.

Call/Text (714) 706-1823

Home details

Lot Sq. Ft
14,502
HOA Dues
$0/mo
Year built
1964
Garage
8 Car
Property Type:
Apartment
Status
Active
MLS#
NP24059586
City
Costa Mesa
County
Orange
Time on Site
37 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 2
  • # of Electric Meters: 10
  • # of Gas Meters: 10
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,956
  • Total Rent: $2,956
  • Pro Forma/Market Rent: $3,295
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,900
  • Total Rent: $2,900
  • Pro Forma/Market Rent: $3,295
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,995
  • Total Rent: $2,995
  • Pro Forma/Market Rent: $3,295
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,805
  • Total Rent: $2,805
  • Pro Forma/Market Rent: $3,295
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,079
  • Total Rent: $2,079
  • Pro Forma/Market Rent: $3,295
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,965
  • Total Rent: $2,965
  • Pro Forma/Market Rent: $3,295
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,900
  • Total Rent: $2,900
  • Pro Forma/Market Rent: $3,295
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,995
  • Total Rent: $2,995
  • Pro Forma/Market Rent: $3,295
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.01%
  • Gross Rent Multiplier: 16.07
  • Gross Scheduled Income: $276,852
  • Net Operating Income: $178,001
  • Gross Operating Income: $268,546
  • Vacancy Allowance: $8,306
  • Laundry Income: $5,712
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $90,545
  • Electric: $3,200
  • Gas/Fuel: $4,200
  • New Taxes: $49,838
  • Trash: $3,907
  • Gardener: $3,000
  • Insurance: $5,000
  • Maintenance: $18,800
  • Professional Management: $0
  • Water/Sewer: $2,000

Open Houses for 1012 Mission Dr

No upcoming open houses

Schedule Tour

Property Details for 1012 Mission Dr

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Has Fence
  • Block
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 8
  • # of Parking Spaces: 14
  • Has Parking
  • Parking Features: Assigned, Garage, Off Street, Private
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 14166208
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: From 405, exit Baker, Left on Mendoza and Left on Mission Drive. Properties are on left side of street.
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Gutters, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Costa Mesa Agent

Sale History for 1012 Mission Dr

View property's historical transactions

  • March, 2024

  • Mar 25, 2024

    Date

    Active

    CRMLS: NP24059586

    $4,450,000

    Price

Tax History for 1012 Mission Dr

Assessed Value (2020): $179,467
Year Land Value Improved Value Assessed Value
2020 $53,840 $125,627 $179,467

Home Value Compared to the Market

This property vs the competition

1012 Mission Dr is listed 218.31% higher than the median list price for the city of Costa Mesa which has a median list price of $1,398,000. The median price per/sqft for Costa Mesa is $811 and this home is listed at $473.3 per/sqft which puts the price per square foot 41.64% lower than the median price per square foot for the city of Costa Mesa.

About 1012 Mission Dr

Detailed summary of property

1012 Mission Dr is a apartment located in Costa Mesa, CA 92626 and is currently for sale. This apartment offers 16 bedrooms, 12 bathrooms, roughly 9,402 living square feet, and sits on an approximately 14,502 square foot lot. 1012 Mission Dr was first listed on ArdentRealEstateGroup.com on March 26, 2024. The homeowner is currently asking $4,450,000. The median priced home in Costa Mesa is $1,398,000 with a median price per square foot of $811. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is listed 218.31% higher than the median priced home. Local competing homes currently for sale include 916 W Balboa Blvd, 916 W Balboa Blvd and 1133 1133 West Balboa Blvd. While the average home in Costa Mesa, CA is selling in 29 days, 1012 Mission Dr has a days on market of 37 days. There are currently 114 homes for sale in the Costa Mesa real estate market and 85 of them are single family homes while 13 of them are condos and 16 are townhomes. For more information on this home for sale at 1012 Mission Dr Costa Mesa, CA 92626 contact Ardent Real Estate Group and we will put you in touch with one of our Costa Mesa agents.

Public Facts for 1012 Mission Dr

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
4,701
Lot Size
7,243
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
24
APN
141-662-08

The source for these homes facts are from public records.

92626 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,399,000
Median List Price/Sq.Ft.
$751
Median Sold Price
$1,337,000
Median Sold Price/Sq.Ft.
$757
Total Inventory
47
Median Sale to List Price %
99.04%
Avg Days on Market
26
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (25%), Other (25%)

Tour This Home

Buy with Ardent Real Estate Group and save $13,350.

Image Description
Contact Jon
Costa Mesa Agent
Call, Text or Message
(714) 706-1823
Get a $13,350 Cash Reward New

Buy this home with Ardent Real Estate Group and get $13,350 back.

Call/Text (714) 706-1823

Homes for Sale Near 1012 Mission Dr

Nearby Homes for Sale

410 Clubhouse Ave, Newport Beach, CA 92663
$4,500,000
5 Beds
4 Baths
2600 Sq.Ft.
410 Clubhouse Ave
Newport Beach, CA 92663
507 29th St, Newport Beach, CA 92663
$3,695,000
4 Beds
4 Baths
3096 Sq.Ft.
507 29th St
Newport Beach, CA 92663
210 Grant St, Newport Beach, CA 92663
$3,600,000
6 Beds
3 Baths
2490 Sq.Ft.
210 Grant St
Newport Beach, CA 92663
210 Grant St, Newport Beach, CA 92663
$3,600,000
6 Beds
4 Baths
2490 Sq.Ft.
210 Grant St
Newport Beach, CA 92663
2711 W Balboa Blvd, Newport Beach, CA 92663
$3,649,000
5 Beds
4 Baths
2474 Sq.Ft.
2711 W Balboa Blvd
Newport Beach, CA 92663
124 Turquoise Ave, Newport Beach, CA 92662
$4,850,000
4 Beds
4 Baths
2430 Sq.Ft.
124 Turquoise Ave
Newport Beach, CA 92662
Open Sat 11am-2pm
1321 W Bay Ave, Newport Beach, CA 92661
$4,195,000
6 Beds
5 Baths
2509 Sq.Ft.
1321 W Bay Ave
Newport Beach, CA 92661
Open Sat 11am-2pm
1321 W Bay Ave, Newport Beach, CA 92661
$4,195,000
6 Beds
5 Baths
2509 Sq.Ft.
1321 W Bay Ave
Newport Beach, CA 92661

Recently Sold Homes Near 1012 Mission Dr

1033 Mission Dr, Costa Mesa, CA 92626
$2,525,000 Last Sold Price
12 Beds
8 Baths
4670 Sq.Ft.
1033 Mission Dr
Costa Mesa, CA 92626
1010-1016 Valencia St, Costa Mesa, CA 92626
$3,600,000 Last Sold Price
24 Beds
16 Baths
9340 Sq.Ft.
1010-1016 Valencia St
Costa Mesa, CA 92626
998 Valencia St, Costa Mesa, CA 92626
$1,400,000 Last Sold Price
6 Beds
5 Baths
4062 Sq.Ft.
998 Valencia St
Costa Mesa, CA 92626
1033 Valencia St, Costa Mesa, CA 92626
$2,367,500 Last Sold Price
12 Beds
8 Baths
4671 Sq.Ft.
1033 Valencia St
Costa Mesa, CA 92626

Related Resources to 1012 Mission Dr

New Listings in 92626
Popular Zip Codes
Popular Cities
Other Costa Mesa Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Call