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1022 El Camino Dr, Costa Mesa, CA 92626
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1022 El Camino Dr Costa Mesa, CA 92626

$2,475,000 Sold Price as of 04/30/2024
  • 12 Beds
  • 8 Baths
  • 4,671 Sq.Ft.
Sold
$2,475,000 Sold Price as of 04/30/2024 Refinance Your Mortgage
Map preview of 1022 El Camino Dr, Costa Mesa, CA 92626

Property Overview: 1022 El Camino Dr Costa Mesa, CA has 12 bedrooms, 8 bathrooms, 4,671 living square feet and 6,534 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to 1022 El Camino Drive, Costa Mesa, CA 92626 a four-unit apartment community in Mesa Del Mar. This property comprises four meticulously renovated units, each featuring a spacious 3-bedroom, 2-bathroom layout with an average size of 1167 square feet. Nestled in the sought-after Mesa Del Mar neighborhood of Costa Mesa, this location offers the perfect blend of tranquility and convenience. The property boasts (4) single-car garages and (3) off-street parking spaces, ensuring ample parking for residents and guests. Additionally, the on-site laundry room enhances the convenience and appeal of this well-maintained investment. With a strategic location and upgraded units, 1022 El Camino Drive presents an excellent opportunity for investors seeking a premium multi-unit property in the heart of Costa Mesa.

Listed by Nick Gould | BRE #01521955 | Gould Group Inc
Last checked: 14 minutes ago | Last updated: May 1st, 2024 | Source CRMLS | DOM: 55

Home details

Lot Sq. Ft
6,534
HOA Dues
$0/mo
Year built
1964
Garage
4 Car
Property Type:
Apartment
Status
Sold
MLS#
NP24034461
City
Costa Mesa
County
Orange
Time on Site
213 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,037
  • Total Rent: $3,037
  • Pro Forma/Market Rent: $3,750
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,186
  • Total Rent: $3,186
  • Pro Forma/Market Rent: $3,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,300
  • Total Rent: $3,300
  • Pro Forma/Market Rent: $3,750
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,982
  • Total Rent: $2,982
  • Pro Forma/Market Rent: $3,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.01%
  • Gross Rent Multiplier: 16.68
  • Gross Scheduled Income: $155,544
  • Net Operating Income: $104,244
  • Gross Operating Income: $150,878
  • Vacancy Allowance: $4,666
  • Laundry Income: $2,592
  • Laundry Own/Lease: Own
  • Other Income 1: $2,892
  • Other Income Description: RUBS Income
Annual Expense Breakdown
  • Total Operating Expense: $46,634
  • Electric: $1,500
  • Gas/Fuel: $1,500
  • New Taxes: $27,203
  • Trash: $1,500
  • Gardener: $1,500
  • Insurance: $2,500
  • Maintenance: $7,000
  • Professional Management: $0
  • Water/Sewer: $3,087

Property Details for 1022 El Camino 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
  • Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 14166510
  • Year Built Source: Assessor
  • Entry Level: 2
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Mesa Del Mar
  • Directions: From 73/405 Freeway, Exit Baker onto Fairview. Left on Mendoza
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Gutters, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Costa Mesa Agent

Sale History for 1022 El Camino Dr

Last sold for $2,475,000 on April 30th, 2024

  • April, 2024

  • Apr 30, 2024

    Date

    Sold

    CRMLS: NP24034461

    $2,475,000

    Price

  • Feb 19, 2024

    Date

    Active

    CRMLS: NP24034461

    $2,595,000

    Price

Tax History for 1022 El Camino Dr

Assessed Value (2020): $157,189
Year Land Value Improved Value Assessed Value
2020 $44,013 $113,176 $157,189

Home Value Compared to the Market

This property vs the competition

1022 El Camino Dr sold on April 30, 2024 for 99.62% higher than the current median sold price for the city of Costa Mesa which is $1,300,000. The median sold price per/sqft for Costa Mesa is $801 and this home is sold at $555.56 per/sqft which puts the price per square foot 30.64% lower than the current median sale per square foot for the city of Costa Mesa.

About 1022 El Camino Dr

Detailed summary of property

1022 El Camino Dr is a apartment that recently sold in Costa Mesa, CA 92626. This apartment offered 12 bedrooms, 8 bathrooms, roughly 4,671 living square feet, and sits on an approximately 6,534 square foot lot. 1022 El Camino Dr was first listed on ArdentRealEstateGroup.com on February 19, 2024. The homeowner sold the property for $2,475,000. Home in Costa Mesa are selling for a median price of $1,300,000 and a median price per square foot of $801. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is sold 99.62% higher than the current median priced home. Local homes that are currently for sale include 7541 Volga Dr, 402 W Fairway Dr and 6172 Warner Ave. While the average home in Costa Mesa, CA is selling in 43 days, 1022 El Camino Dr has a days on market of 55 days. There are currently 148 homes for sale in the Costa Mesa real estate market and 110 of them are single family homes while 21 of them are condos and 17 are townhomes. For more information on this home for sale at 1022 El Camino 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 1022 El Camino Dr

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
4,671
Lot Size
6,239
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
53
APN
141-665-10

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
$1,599,000
Median List Price/Sq.Ft.
$778
Median Sold Price
$1,300,000
Median Sold Price/Sq.Ft.
$786
Total Inventory
63
Median Sale to List Price %
93.86%
Avg Days on Market
16
Loan Type
Conventional (35.71%), FHA (0%), VA (0%), Cash (32.14%), Other (32.14%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 1022 El Camino Dr

1004 El Camino Dr, Costa Mesa, CA 92626
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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.

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