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1775 Orange Ave Costa Mesa, CA 92627

$3,100,000 Sold Price as of 05/27/2021

8 Beds
7 Baths
4,586 Sq.Ft.

Sold

$3,100,000 Sold Price as of 05/27/2021 Refinance Your Mortgage

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Map preview of 1775 Orange Ave, Costa Mesa, CA 92627

Property Overview: 1775 Orange Ave Costa Mesa, CA has 8 bedrooms, 7 bathrooms, 4,586 living square feet and 14,375 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Motivated Seller!! Bring Your Offer...Gated 7 unit investment opportunity in prime Eastside Costa Mesa near the highly desirable 17th St. Sprawling lot of over 14,000 sq.ft. Well-maintained 6 unit building includes a mix of 1 bedroom + den/1 bath. All units have been remodeled including new windows. Several units feature upgraded kitchens and bathrooms with granite countertops. Also attached to the building is an onsite laundry room. Each unit has a dedicated water heater and is separately metered for gas and electric. The 7th unit is a detached and upgraded home with 2 bedrooms/1.5 baths; remodeled throughout including high-end kitchen and bath amenities. This home also features A/C and inside washer/dryer hookups. Attached is an oversized deck with built-in fire pit. Large parking area with plenty of onsite spots. This unique investment opportunity is conveniently located near restaurants and shopping along 17th St. and Newport Blvd., 55 freeway close by, the beach, Hoag Hospital, and Newport Aquatic Center.

Listed by Ali Bahramian | BRE #01412253 | Berkshire Hathaway HomeService

Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft: 14,375
HOA Dues: $0/mo
Year built: 1960
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: OC21201789
City: Costa Mesa
County: Orange
Time on Site: 965 days

Property Unit Breakdown

Unit Mix Summary

Total # of Units: 7
Total # of Buildings: 2
# of Leased Units: 7

Unit Breakdown 1

# of Units: 6
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,600
Total Rent: $9,600
Pro Forma/Market Rent: $10,800

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,600
Total Rent: $2,600
Pro Forma/Market Rent: $3,000

Property Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $146,400
Net Operating Income: $114,000
Gross Operating Income: --
Laundry Income: $1,500
Laundry Own/Lease: Own

Annual Expense Breakdown

Total Operating Expense: $35,100
Electric: $874
Trash: $3,600
Insurance: $2,400
Professional Management: $4,000
Water/Sewer: $2,164

Property Details for 1775 Orange Ave

Interior Features

Laundry Information

Community, Gas Dryer Hookup, Washer Hookup

Lot Details / Garage and Parking

Lot Information

Lot Features: 11-15 Units/Acre
Lot Size Source: Assessor
Common Interest: None

Property Information

Total # of Units: 7
Parcel Number: 42541511
Year Built Source: Assessor

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Water Source: Public
Utilities: Sewer Connected

Location / Neighborhood

Location Information

Directions: Rochester and Orange

View more facts & features

Local Costa Mesa Agent

Sale History for 1775 Orange Ave

Last sold for $3,100,000 on May 27th, 2021

September, 2021
Sep 13, 2021

Date

Sold

CRMLS: OC21201789

$3,100,000

Price
Sep 13, 2021

Date

Active

CRMLS: OC21201789

$3,399,000

Price
May, 2021
May 28, 2021

Date

Sold

CRMLS: OC21039967

$3,100,000

Price
May 14, 2021

Date

Active Under Contract

CRMLS: OC21039967

$3,299,000

Price
May 14, 2021

Date

Active

CRMLS: OC21039967

$3,299,000

Price
May 4, 2021

Date

Active Under Contract

CRMLS: OC21039967

$3,299,000

Price
Apr 5, 2021

Date

Price Change

CRMLS: OC21039967

$3,299,000

Price
Mar 30, 2021

Date

Active

CRMLS: OC21039967

$3,399,000

Price
Mar 24, 2021

Date

Active Under Contract

CRMLS: OC21039967

$3,399,000

Price
Mar 19, 2021

Date

Hold

CRMLS: OC21039967

$3,399,000

Price
Mar 8, 2021

Date

Active

CRMLS: OC21039967

$3,399,000

Price
Listing provided courtesy of CRMLS

Motivated Seller!! Bring Your Offer...Gated 7 unit investment opportunity in prime Eastside Costa Mesa near the highly desirable 17th St. Sprawling lot of over 14,000 sq.ft. Well-maintained 6 unit building includes a mix of 1 bedroom + den/1 bath. All units have been remodeled including new windows. Several units feature upgraded kitchens and bathrooms with granite countertops. Also attached to the building is an onsite laundry room. Each unit has a dedicated water heater and is separately metered for gas and electric. The 7th unit is a detached and upgraded home with 2 bedrooms/1.5 baths; remodeled throughout including high-end kitchen and bath amenities. This home also features A/C and inside washer/dryer hookups. Attached is an oversized deck with built-in fire pit. Large parking area with plenty of onsite spots. This unique investment opportunity is conveniently located near restaurants and shopping along 17th St. and Newport Blvd., 55 freeway close by, the beach, Hoag Hospital, and Newport Aquatic Center. **No interior showings and do not walk the property!!**

Continue Reading
November, 2016
Nov 7, 2016

Date

Sold (Public Records)

Public Records

$2,550,000

Price
July, 2005
Jul 7, 2005

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1775 Orange Ave

Assessed Value (2020): $2,629,215

Year	Land Value	Improved Value	Assessed Value
2020	$1,551,237	$1,077,978	$2,629,215

Home Value Compared to the Market

This property vs the competition

1775 Orange Ave sold on May 27, 2021 for 148.1% 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 $741.17 per/sqft which puts the price per square foot 5.34% lower than the current median sale per square foot for the city of Costa Mesa.

About 1775 Orange Ave

Detailed summary of property

1775 Orange Ave is a multi family that recently sold in Costa Mesa, CA 92627. This multi family property offered 8 bedrooms, 7 bathrooms, roughly 4,586 living square feet, and sits on an approximately 14,375 square foot lot. 1775 Orange Ave was first listed on ArdentRealEstateGroup.com on September 13, 2021. The homeowner sold the property for $3,100,000. 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 148.1% higher than the current median priced home. Local homes that are currently for sale include 770 Saint Louis Ave, 230 S Idaho St and 1101 Atlantic Ave. There are currently 117 homes for sale in the Costa Mesa real estate market and 88 of them are single family homes while 11 of them are condos and 18 are townhomes. For more information on this home for sale at 1775 Orange Ave 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 1775 Orange Ave

Public county record property details

Beds: --
Baths: --
Year built: 1928
Sq. Ft.: 4,586
Lot Size: 14,202
Stories: 2

Type: Multi-Family Dwellings (Generic, Any Combination 2+)
Pool: No
Spa: No
County: Orange
Lot#: 122
APN: 425-415-11

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.

$843

Median Sold Price

$1,500,000

Median Sold Price/Sq.Ft.

$788

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

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.