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164 Walnut St, Costa Mesa, CA 92627
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164 Walnut St Costa Mesa, CA 92627

$3,400,000
  • 11 Beds
  • 6 Baths
  • 3,586 Sq.Ft.
For Sale
$3,400,000 Get Pre-Qualified
Map preview of 164 Walnut St, Costa Mesa, CA 92627

Property Overview: 164 Walnut St Costa Mesa, CA has 11 bedrooms, 6 bathrooms, 3,586 living square feet and 17,424 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Welcome to 164 Walnut in Costa Mesa - the Capital of Cool. This 6-plex is made up of five 2 bed/1 bath units and one 1 bed/1 bath unit, all of which have been renovated. Unit C has washer and dryer hookups, and there are opportunities to have additional hookups in unit A, B, D and potentially unit F. The property is minutes away from the bustling shopping and dining options on 17th Street, is within easy walking distance to the scenic Upper Newport Back Bay and is encircled by some of the nation's top public schools. Additionally, tenants have convenient access to the 55 Freeway, providing seamless connectivity to the entire Southern California region. The property is also adjacent to Newport Blvd, a Measure K corridor, which is slated for substantial redevelopment. With ample parking on site, and tucked away in a quiet cul de sac, and an 89 walk score---come quick! Matterport links available for all units, please inquire.

Listed by Christine Morgan | BRE #01839037 | Marterra Real Estate
Co-listed by Daniel Morgan | BRE #01901285 | Marterra Real Estate
Last checked: 1 minute ago | Last updated: April 26th, 2024 | Source CRMLS | DOM: 58
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Home details

Lot Sq. Ft
17,424
HOA Dues
$0/mo
Year built
1953
Garage
5 Car
Property Type:
Apartment
Status
Active
MLS#
OC24041909
City
Costa Mesa
County
Orange
Time on Site
58 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 3
  • # of Leased Units: 6
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $2,975
  • Total Rent: $2,975
  • Pro Forma/Market Rent: $3,150
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $3,200
  • Total Rent: $3,200
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $3,250
  • Total Rent: $3,250
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $3,100
  • Total Rent: $3,100
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $3,150
  • Total Rent: $3,150
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.5%
  • Gross Rent Multiplier: 16.5
  • Gross Scheduled Income: $224,480
  • Net Operating Income: $161,201
  • Gross Operating Income: $217,746
  • Laundry Income: $1,700
  • Laundry Own/Lease: Own
  • Other Income 1: $4,500
  • Other Income 2: $1,380
  • Other Income Description: RUBS and Pet Rent
Annual Expense Breakdown
  • Total Operating Expense: $56,965
  • Electric: $900
  • Gas/Fuel: $1,650
  • New Taxes: $40,067
  • Trash: $2,803
  • Gardener: $2,400
  • Insurance: $2,575
  • Maintenance: $4,500
  • Professional Management: $0
  • Water/Sewer: $1,650

Open Houses for 164 Walnut St

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Property Details for 164 Walnut St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Individual Room, Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Vinyl
  • Family Room, Kitchen, Main Floor Bedroom
Kitchen Information
  • Has Appliances
  • Gas Range, Microwave, Refrigerator, Water Heater
Interior Features
  • Quartz Counters, Recessed Lighting
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Shingle
  • 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: 5
  • # of Parking Spaces: 11
  • Has Parking
  • Parking Features: Garage, Garage - Single Door
Lot Information
  • Lot Features: Front Yard, Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 6
  • Parcel Number: 42603216
  • Year Built Source: Public Records
  • Entry Level: 1
  • Foundation Details: Slab
  • Property is Attached
  • Offered With Property: All appliances that belong to seller
  • Property Condition: Turnkey, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: From Fullerton, turn onto side street on Walnut
  • Road Frontage Type: Alley
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

Local Costa Mesa Agent

Sale History for 164 Walnut St

Last sold for $1,600,000 on August 5th, 2020

  • March, 2024

  • Mar 1, 2024

    Date

    Active

    CRMLS: OC24041909

    $3,600,000

    Price

  • August, 2020

  • Aug 5, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,600,000

    Price

Show More

Tax History for 164 Walnut St

Assessed Value (2020): $135,745
Year Land Value Improved Value Assessed Value
2020 $48,787 $86,958 $135,745

Home Value Compared to the Market

This property vs the competition

164 Walnut St is listed 144.78% higher than the median list price for the city of Costa Mesa which has a median list price of $1,389,000. The median price per/sqft for Costa Mesa is $811 and this home is listed at $948.13 per/sqft which puts the price per square foot 16.91% higher than the median price per square foot for the city of Costa Mesa.

About 164 Walnut St

Detailed summary of property

164 Walnut St is a apartment located in Costa Mesa, CA 92627 and is currently for sale. This apartment offers 11 bedrooms, 6 bathrooms, roughly 3,586 living square feet, and sits on an approximately 17,424 square foot lot. 164 Walnut St was first listed on ArdentRealEstateGroup.com on March 1, 2024. The homeowner is currently asking $3,400,000 and was originally asking $3,600,000. The median priced home in Costa Mesa is $1,389,000 with a median price per square foot of $811. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is listed 144.78% higher than the median priced home. Local competing homes currently for sale include 219 E Bay Ave, 210 Grant St and 210 Grant St. While the average home in Costa Mesa, CA is selling in 28 days, 164 Walnut St has a days on market of 58 days. There are currently 113 homes for sale in the Costa Mesa real estate market and 84 of them are single family homes while 14 of them are condos and 15 are townhomes. For more information on this home for sale at 164 Walnut 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 164 Walnut St

Public county record property details
Beds
1
Baths
1
Year built
1953
Sq. Ft.
576
Lot Size
17,187
Stories
1
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
182
APN
426-032-16

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
$1,399,000
Median List Price/Sq.Ft.
$828
Median Sold Price
$1,350,000
Median Sold Price/Sq.Ft.
$1,046
Total Inventory
66
Median Sale to List Price %
103.85%
Avg Days on Market
17
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (31.82%), Other (18.18%)

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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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