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1040 El Camino Dr, Costa Mesa, CA 92626
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1040 El Camino Dr Costa Mesa, CA 92626

$1,585,000 Sold Price as of 09/15/2020
  • 12 Beds
  • 8 Baths
  • 4,670 Sq.Ft.
Sold
$1,585,000 Sold Price as of 09/15/2020 Refinance Your Mortgage
Map preview of 1040 El Camino Dr, Costa Mesa, CA 92626

Property Overview: 1040 El Camino 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: French Tudor 4-plex in desirable Costa Mesa neighborhood has four 3-bedroom, 2 bath units with room to increase rent. Two units were gutted and remodeled in 2009. Two units have private, enclosed patios facing the courtyard. Laundry room has Seller-owned near new coin operated W&D generating an est $300+ per month in revenue. Separately metered gas & electric. 4 garages + 4 on-site parking spaces (8 total parking). Exterior recently painted. Perfectly located: 6 minutes to South Coast or 12 minutes to downtown or the beach in Newport.

Listed by Cheryl Cotton | BRE #00860384 | Keller Williams Coastal Prop.
Co-listed by Ryder Cotton | BRE #02038044 | Keller Williams Coastal Prop.
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 17

Home details

Lot Sq. Ft
6,534
HOA Dues
$0/mo
Year built
1964
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW20101443
City
Costa Mesa
County
Orange
Time on Site
1536 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: $2,150
  • Total Rent: $2,150
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,045
  • Total Rent: $2,045
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,045
  • Total Rent: $2,045
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.28
  • Gross Scheduled Income: $101,880
  • Net Operating Income: $66,321
  • Gross Operating Income: --
  • Laundry Income: $3,000
Annual Expense Breakdown
  • Total Operating Expense: $35,559
  • Electric: $264
  • Gas/Fuel: $1,224
  • Licenses: $60
  • New Taxes: $18,400
  • Trash: $3,972
  • Gardener: $1,200
  • Insurance: $4,000
  • Maintenance: $3,000
  • Water/Sewer: $3,439

Property Details for 1040 El Camino Dr

Interior Features
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • Common Area, Community, Dryer Included, Individual Room, Outside, Washer Included
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Gas Oven, Gas Range, Gas Cooktop
Interior Features
  • Levels: Two
  • Window Features: Blinds
Exterior Features
Exterior Information
  • Roof: Shingle
  • Has Fence
  • Block, Excellent Condition, Masonry, Partial
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Garage Faces Rear, Garage - Single Door, Off Street
Lot Information
  • Lot Features: Front Yard, Landscaped, Sprinkler System, Sprinklers In Front, Sprinklers Timer
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 1 Common Wall, End Unit
  • Total # of Units: 4
  • Parcel Number: 14166513
  • Year Built Source: Assessor
  • Architectural Style: French
  • Foundation Details: Slab
  • Property is Attached
  • Accessibility Features: Parking
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Subdivision Name: Costa Mesa Residential Income (CMRI)
  • Directions: From Fairview, turn East on El Camino Dr. Cross streets: El Camino & Mendoza
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Gutters, Sidewalks, Street Lights, Suburban
View more facts & features

Local Costa Mesa Agent

Sale History for 1040 El Camino Dr

Last sold for $1,585,000 on September 15th, 2020

  • September, 2020

  • Sep 15, 2020

    Date

    Sold

    CRMLS: PW20101443

    $1,585,000

    Price

  • Sep 9, 2020

    Date

    Pending

    CRMLS: PW20101443

    $1,659,000

    Price

  • Aug 14, 2020

    Date

    Active

    CRMLS: PW20101443

    $1,659,000

    Price

  • Jul 29, 2020

    Date

    Active Under Contract

    CRMLS: PW20101443

    $1,659,000

    Price

  • Jul 17, 2020

    Date

    Active

    CRMLS: PW20101443

    $1,659,000

    Price

  • Jul 14, 2020

    Date

    Active Under Contract

    CRMLS: PW20101443

    $1,659,000

    Price

  • Jul 5, 2020

    Date

    Active

    CRMLS: PW20101443

    $1,659,000

    Price

  • July, 2007

  • Jul 26, 2007

    Date

    Sold (Public Records)

    Public Records

    $1,050,000

    Price

Show More

Tax History for 1040 El Camino Dr

Assessed Value (2020): $1,253,912
Year Land Value Improved Value Assessed Value
2020 $1,065,825 $188,087 $1,253,912

Home Value Compared to the Market

This property vs the competition

1040 El Camino Dr sold on September 15, 2020 for 27.62% 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 $355.25 per/sqft which puts the price per square foot 55.65% lower than the current median sale per square foot for the city of Costa Mesa.

About 1040 El Camino Dr

Detailed summary of property

1040 El Camino Dr is a multi family that recently sold in Costa Mesa, CA 92626. This multi family property offered 12 bedrooms, 8 bathrooms, roughly 4,670 living square feet, and sits on an approximately 6,534 square foot lot. 1040 El Camino Dr was first listed on ArdentRealEstateGroup.com on July 6, 2020. The homeowner sold the property for $1,585,000. 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 27.62% higher than the current median priced home. Local homes that are currently for sale include 1833 E Stearns Ave, 6401 Saint Paul Circle and 12936 Adelle St. While the average home in Costa Mesa, CA is selling in 43 days, 1040 El Camino Dr has a days on market of 17 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 1040 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 1040 El Camino Dr

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
4,671
Lot Size
7,346
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
50
APN
141-665-13

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%)

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Recently Sold Homes Near 1040 El Camino Dr

1046 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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