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162 Broadway, Costa Mesa, CA 92627
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162 Broadway Costa Mesa, CA 92627

$1,928,000 Sold Price as of 09/30/2019
  • 6 Beds
  • 5 Baths
  • 4,000 Sq.Ft.
Sold
$1,928,000 Sold Price as of 09/30/2019 Refinance Your Mortgage
Map preview of 162 Broadway, Costa Mesa, CA 92627

Property Overview: 162 Broadway Costa Mesa, CA has 6 bedrooms, 5 bathrooms, 4,000 living square feet and 7,405 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: THIS IS OFFICIALLY THE DEAL OF THE YEAR! UNBELIEVABLE VALUE! JUST REDUCED $139,000! THIS IS THE REDUCTION YOU'VE BEEN WAITING FOR TO SUBMIT YOUR OFFER. In this desirable and highly sought-after Eastside Costa Mesa location is one of the loveliest residential investment properties that you will find! Rebuilt in 1996 from the original 1928 cottage. Is now a large Coastal Craftsman 3B/2B main house with lg front yard, lg. private patio, 2 car attached garage, separate carport and driveway for additional 4 cars. Everything remodeled to a modern finish while keeping the period style. 2B/2B attached upstairs unit with its own private entrance and its own attached garage. Also upstairs is a studio space with its own private entrance and own private garage. Upstairs units share a private laundry room for just these 2 units. 2Bd metered separately. Studio metered with main house. So many options with this investment property...Live in any one of the units and lease out the other units for supplemental income or rent them all out as a complete investment property. Walking distance to Triangle Square, parks and close to Back Bay and 5-min. drive to the beach. The property is a legal duplex but an actual triplex. All square footage of the property is permitted however the lot is zoned R-2 at this time. Check with city for possible re-zoning to R-3 or above if desired.

Listed by Marilyn Bell | BRE #01923638 | Thomas C. Bell, Broker
Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 89

Home details

Lot Sq. Ft
7,405
HOA Dues
$0/mo
Year built
1996
Garage
4 Car
Property Type:
Triplex
Status
Sold
MLS#
OC19150057
City
Costa Mesa
County
Orange
Time on Site
1398 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $58,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $31,800
  • Total Rent: $31,800
  • Pro Forma/Market Rent: $34,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $21,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $115,200
  • Net Operating Income: $92,010
  • Gross Operating Income: --
  • Laundry Income: $175
Annual Expense Breakdown
  • Total Operating Expense: $23,190
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $21,290
  • Trash: $0
  • Insurance: $1,900
  • Water/Sewer: $0

Virtual Tour

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Property Details for 162 Broadway

Interior Features
Laundry Information
  • Has Laundry
  • Individual Room
Interior Features
  • Levels: Two
Exterior Features
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, Garage Faces Rear, Garage - Single Door, Garage - Two Door, Garage Door Opener, Private, RV Potential
Lot Information
  • Lot Features: 2-5 Units/Acre
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 42523301
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Broadway
  • Directions: East of Newport Blvd. North of 17th
Neighborhood Information
  • Community Features: Biking, Dog Park, Golf, Park, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Costa Mesa Agent

Sale History for 162 Broadway

Last sold for $1,928,000 on September 30th, 2019

  • October, 2019

  • Oct 24, 2019

    Date

    Canceled

    CRMLS: OC19219533

    $1,600

    Price

  • Oct 14, 2019

    Date

    Withdrawn

    CRMLS: OC19219533

    $1,600

    Price

  • Oct 10, 2019

    Date

    Price Change

    CRMLS: OC19219533

    $1,600

    Price

  • Oct 5, 2019

    Date

    Price Change

    CRMLS: OC19219533

    $4,600

    Price

  • Sep 27, 2019

    Date

    Active

    CRMLS: OC19219533

    $4,800

    Price

  • Listing provided courtesy of CRMLS

    *** STUDIO for Lease *** Desirable Eastside Costa Mesa Location! Walk to 17th and Newport Blvd.! Bike to the back bay and beach! $1600 a month ~ All Utilities Included! Oversized 1 Car Garage. UPSTAIRS all one level on the Corner. Tons of Natural Light. Cozy space, New wood laminate floors, Kitchenette with stove, microwave, 1/2 fridge, table and chairs attached. Excellent Newport/Mesa School District. Walk or Bike to Shops, restaurants triangle square, grocery and coffee houses!** PHOTOS show the old carpet, NEW WOOD flooring just installed.

  • October, 2019

  • Oct 1, 2019

    Date

    Sold

    CRMLS: OC19150057

    $1,928,000

    Price

  • Sep 24, 2019

    Date

    Pending

    CRMLS: OC19150057

    $1,990,000

    Price

  • Sep 13, 2019

    Date

    Active Under Contract

    CRMLS: OC19150057

    $1,990,000

    Price

  • Aug 30, 2019

    Date

    Price Change

    CRMLS: OC19150057

    $1,990,000

    Price

  • Jul 23, 2019

    Date

    Price Change

    CRMLS: OC19150057

    $2,129,000

    Price

  • Jun 25, 2019

    Date

    Active

    CRMLS: OC19150057

    $2,199,000

    Price

  • October, 2019

  • Oct 1, 2019

    Date

    Sold

    CRMLS: OC19137688

    $1,928,000

    Price

  • Sep 24, 2019

    Date

    Pending

    CRMLS: OC19137688

    $1,990,000

    Price

  • Sep 13, 2019

    Date

    Active Under Contract

    CRMLS: OC19137688

    $1,990,000

    Price

  • Aug 30, 2019

    Date

    Price Change

    CRMLS: OC19137688

    $1,990,000

    Price

  • Jul 23, 2019

    Date

    Price Change

    CRMLS: OC19137688

    $2,129,000

    Price

  • Jun 14, 2019

    Date

    Active

    CRMLS: OC19137688

    $2,199,000

    Price

  • Listing provided courtesy of CRMLS

    THIS IS OFFICIALLY THE DEAL OF THE YEAR! UNBELIEVABLE VALUE! JUST REDUCED $139K! THIS IS THE REDUCTION YOU'V BEEN WAITING FOR TO SUBMIT YOUR OFFER. In this desirable and highly sought-after Eastside Costa Mesa location is one of the loveliest residential homes w/income that you will find! Curb appeal and charm! Beautiful 1928 cottage has been rebuilt to a modern era home yet still exudes the quaint charm of the past. 3 bdrm/2 baths in the main dwnstrs lvg area & a private upstairs mstr suite or studio income unit. Also upstairs is a 2bd/2ba w/ its own private entrance. So many options with this layout and sq footage! Use the entire 4000 sf as your own or take advantage of the attached casita spaces as income units. Meticulously remodeled kitchen; honed granite counters, heirloom quality Fireclay brick backsplash, stainless chefs kitchen, cherry wood island, pendant lighting & new cabinets w/genuine brass hdwr. Step down dining space leads to the patio & nice coastal breezes. Lvg room boasts original re-finished hardwood floors, coved ceiling, built-ins & Versatile den. Dwnstrs mstr suite is of a bygone era w/period sinks, shower and rubbed bronze hdwr. Glass doors lead to the patio. Attached carport with space for 4 vehicles & 4-car attached garage spaces. Lush front lawn and coastal architecture complete the charm of this warm Eastside home. Walk to Triangle Square, parks and many other local amenities. Bike to Back bay & Beaches. 2Bdrm casita rented thru 9/30/19.

  • September, 2019

  • Sep 30, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,928,000

    Price

  • August, 2015

  • Aug 6, 2015

    Date

    Sold (Public Records)

    Public Records

    $1,425,000

    Price

Show More

Tax History for 162 Broadway

Assessed Value (2020): $1,928,000
Year Land Value Improved Value Assessed Value
2020 $1,745,482 $182,518 $1,928,000

Home Value Compared to the Market

This property vs the competition

162 Broadway sold on September 30, 2019 for 45.26% 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 $497.5 per/sqft which puts the price per square foot 36.46% lower than the current median sale per square foot for the city of Costa Mesa.

About 162 Broadway

Detailed summary of property

162 Broadway is a triplex that recently sold in Costa Mesa, CA 92627. This triplex offered 6 bedrooms, 5 bathrooms, roughly 4,000 living square feet, and sits on an approximately 7,405 square foot lot. 162 Broadway was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $1,928,000. 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 45.26% higher than the current median priced home. Local homes that are currently for sale include 17061 Whitby Cir, 7801 11th St and 4981 Pearce Dr. While the average home in Costa Mesa, CA is selling in 32 days, 162 Broadway has a days on market of 89 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 162 Broadway 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 162 Broadway

Public county record property details
Beds
2
Baths
1
Year built
1928
Sq. Ft.
916
Lot Size
6,890
Stories
1
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
7
APN
425-233-01

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%)

Thinking of Selling?

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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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