148 W Wilson St, Costa Mesa, CA 92627
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148 W Wilson St Costa Mesa, CA 92627

$2,835,000 Sold Price as of 04/21/2022
  • 11 Beds
  • 7.5 Baths
  • 4,668 Sq.Ft.
Sold
$2,835,000 Sold Price as of 04/21/2022 Refinance Your Mortgage

Map preview of 148 W Wilson St, Costa Mesa, CA 92627

Property Overview: 148 W Wilson St Costa Mesa, CA has 11 bedrooms, 7.5 bathrooms, 4,668 living square feet and 9,520 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to offer 148 W. Wilson Street, a 5-unit investment opportunity located at the heart of the city, near major employment centers and countless leisure attractions. The OC Fairgrounds, South Coast Plaza, John Wayne Airport, and the beach are all within minutes. The property is comprised entirely of 2BR/1.5BA and 3BR/1.5BA townhouse-style units, and the 3-bedroom unit is detached from the others, offering additional privacy. Residents enjoy garage parking, washer/dryer hookups inside the units, patios, central heat, and fireplaces (some units). Additionally, the location provides quick access to the 405, 55, and 73 freeways. With additional upgrades and steady rent increases, a new investor can capitalize on Costa Mesa's high demand rental market, and bring 148. W Wilson Street up to its full potential.

Listed by Damien Breaux | BRE #01460301 | Morgan Skenderian
Co-listed by Jay Skenderian | BRE #01220368 | Morgan Skenderian
Last checked: 1 minute ago | Last updated: April 25th, 2022 | Source CRMLS | DOM: 21

Home details

Lot Sq. Ft
9,520
HOA Dues
$0/mo
Year built
1975
Garage
5 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW22047403
City
Costa Mesa
County
Orange
Time on Site
800 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,680
  • Total Rent: $1,680
  • Pro Forma/Market Rent: $2,895
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,680
  • Total Rent: $1,680
  • Pro Forma/Market Rent: $2,895
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,680
  • Total Rent: $1,680
  • Pro Forma/Market Rent: $2,895
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $2,895
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,780
  • Total Rent: $1,780
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $102,250
  • Net Operating Income: $54,427
  • Gross Operating Income: $99,173
  • Vacancy Allowance: $3,067
Annual Expense Breakdown
  • Total Operating Expense: $44,746
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $2,060
  • Gardener: $1,200
  • Insurance: $1,998
  • Professional Management: $0
  • Water/Sewer: $2,060

Property Details for 148 W Wilson St

Interior Features
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, In Closet, Washer Hookup
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 10
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 41909107
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: North East of 55 Freeway
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Costa Mesa Agent

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Sale History for 148 W Wilson St

Last sold for $2,835,000 on April 21st, 2022
  • April, 2022

  • Apr 7, 2022

    Date

    Active Under Contract

    CRMLS: PW22047403

    $2,895,000

    Price

  • Mar 10, 2022

    Date

    Active

    CRMLS: PW22047403

    $2,895,000

    Price

Tax History for 148 W Wilson St

Assessed Value (2020): $279,755
Year Land Value Improved Value Assessed Value
2020 $55,951 $223,804 $279,755

Home Value Compared to the Market

This property vs the competition

148 W Wilson St sold on April 21, 2022 for 111.31% 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 $620.18 per/sqft which puts the price per square foot 20.79% lower than the current median sale per square foot for the city of Costa Mesa.

About 148 W Wilson St

Detailed summary of property

148 W Wilson St is a multi family that recently sold in Costa Mesa, CA 92627. This multi family property offered 11 bedrooms, 7.5 bathrooms, roughly 4,668 living square feet, and sits on an approximately 9,520 square foot lot. 148 W Wilson St was first listed on ArdentRealEstateGroup.com on March 10, 2022. The homeowner sold the property for $2,835,000. 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 111.31% higher than the current median priced home. Local homes that are currently for sale include 206 Chicago Ave, 218 Indianapolis Ave and 12702 Morningside Ave. While the average home in Costa Mesa, CA is selling in 32 days, 148 W Wilson St has a days on market of 21 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 148 W Wilson St Costa Mesa, CA 92627 contact Ardent Real Estate Group and we will put you in touch with one of our Costa Mesa agents.

Public Facts for 148 W Wilson St

Public county record property details
Beds
--
Baths
--
Year built
1975
Sq. Ft.
4,668
Lot Size
9,433
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
2
APN
419-091-07

The source for these homes facts are from public records.

92627 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,495,000
Median List Price/Sq.Ft.
$869
Median Sold Price
$1,500,000
Median Sold Price/Sq.Ft.
$788
Total Inventory
66
Median Sale to List Price %
100%
Avg Days on Market
28
Loan Type
Conventional (44.44%), FHA (0%), VA (0%), Cash (38.89%), Other (16.67%)

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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.