1033 Mission Dr, Costa Mesa, CA 92626
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1033 Mission Dr Costa Mesa, CA 92626

$2,525,000 Sold Price as of 01/17/2024
  • 12 Beds
  • 8 Baths
  • 4,670 Sq.Ft.
Sold
$2,525,000 Sold Price as of 01/17/2024 Refinance Your Mortgage

Map preview of 1033 Mission Dr, Costa Mesa, CA 92626

Property Overview: 1033 Mission Dr Costa Mesa, CA has 12 bedrooms, 8 bathrooms, 4,670 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: We are pleased to present 1033 Mission Drive in the Mesa Del Mar area of Costa Mesa. Built in 1964, the community comprises 3-Bedroom/2-Bathroom Units that average 1,168 SF. All of the units have been completely renovated over the last few years with new kitchens, bathrooms, flooring, windows, and more. Tenants enter the property through a gated, large community courtyard and there is an on-site coin-operated laundry room. Each unit has a single-car garage and there are three additional parking spaces off the alley. The property is extremely well located near all that Costa Mesa has to offer. This includes South Coast Plaza, The Camp, The LAB, and the Harbor Blvd shopping corridor. Tenants are also offered easy freeway access to 405, 55, and 73 Freeways.

Listed by Nick Gould | BRE #01521955 | Gould Group Inc
Last checked: 1 minute ago | Last updated: January 18th, 2024 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft
6,534
HOA Dues
$0/mo
Year built
1964
Garage
4 Car
Property Type:
Apartment
Status
Sold
MLS#
NP23223082
City
Costa Mesa
County
Orange
Time on Site
160 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # 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: $3,475
  • Total Rent: $3,475
  • Pro Forma/Market Rent: $3,795
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,550
  • Total Rent: $3,550
  • Pro Forma/Market Rent: $3,795
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,550
  • Total Rent: $3,550
  • Pro Forma/Market Rent: $3,795
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,400
  • Total Rent: $3,400
  • Pro Forma/Market Rent: $3,795
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.2%
  • Gross Rent Multiplier: 16.19
  • Gross Scheduled Income: $172,884
  • Net Operating Income: $117,225
  • Gross Operating Income: $167,697
  • Vacancy Allowance: $5,187
  • Garage Rental Income: $300
  • Laundry Income: $81
  • Other Income 1: $251
  • Other Income Description: RUBS
Annual Expense Breakdown
  • Total Operating Expense: $50,472
  • Electric: $1,142
  • New Taxes: $30,936
  • Trash: $2,000
  • Gardener: $1,500
  • Insurance: $2,500
  • Maintenance: $8,644
  • Water/Sewer: $2,000

Property Details for 1033 Mission Dr

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • 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
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 14166403
  • 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
  • Directions: Located off Fairview Drive just South of Baker St.
  • Road Surface Type: Alley Paved, Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Gutters, Sidewalks, Storm Drains, Street Lights
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Sale History for 1033 Mission Dr

Last sold for $2,525,000 on January 17th, 2024
  • January, 2024

  • Jan 17, 2024

    Date

    Sold

    CRMLS: NP23223082

    $2,525,000

    Price

  • Dec 8, 2023

    Date

    Active

    CRMLS: NP23223082

    $2,799,000

    Price

  • April, 2012

  • Apr 30, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • September, 2000

  • Sep 29, 2000

    Date

    Sold (Public Records)

    Public Records

    $143,000

    Price

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Tax History for 1033 Mission Dr

Assessed Value (2020): $550,994
Year Land Value Improved Value Assessed Value
2020 $391,206 $159,788 $550,994

Home Value Compared to the Market

This property vs the competition

1033 Mission Dr sold on January 17, 2024 for 104.31% higher than the current median sold price for the city of Costa Mesa which is $1,370,000. The median sold price per/sqft for Costa Mesa is $783 and this home is sold at $599.36 per/sqft which puts the price per square foot 23.45% lower than the current median sale per square foot for the city of Costa Mesa.

About 1033 Mission Dr

Detailed summary of property

1033 Mission Dr is a apartment that recently sold in Costa Mesa, CA 92626. This apartment offered 12 bedrooms, 8 bathrooms, roughly 4,670 living square feet, and sits on an approximately 6,534 square foot lot. 1033 Mission Dr was first listed on ArdentRealEstateGroup.com on December 8, 2023. The homeowner sold the property for $2,525,000. Home in Costa Mesa are selling for a median price of $1,370,000 and a median price per square foot of $783. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is sold 104.31% higher than the current median priced home. Local homes that are currently for sale include 280 E 16th St., 210 41st St and 208 41st St. While the average home in Costa Mesa, CA is selling in 32 days, 1033 Mission Dr has a days on market of 10 days. There are currently 116 homes for sale in the Costa Mesa real estate market and 92 of them are single family homes while 8 of them are condos and 16 are townhomes. For more information on this home for sale at 1033 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 1033 Mission Dr

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
4,670
Lot Size
6,245
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
32
APN
141-664-03

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.
$745
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%)

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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.