1778 Westminster Ave, Costa Mesa, CA 92627
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1778 Westminster Ave Costa Mesa, CA 92627

$1,409,000 Sold Price as of 10/10/2019
  • 6 Beds
  • 3 Baths
  • 2,021 Sq.Ft.
Sold
$1,409,000 Sold Price as of 10/10/2019 Refinance Your Mortgage

Map preview of 1778 Westminster Ave, Costa Mesa, CA 92627

Property Overview: 1778 Westminster Ave Costa Mesa, CA has 6 bedrooms, 3 bathrooms, 2,021 living square feet and 8,054 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Fantastic location walkable to 17th Street rarely on the market for Eastside Costa Mesa triplex. This property includes three units, each comprised of 2 bed/1 bath and large backyards. They also have a single private garage plus a driveway spot for a total of 2 parking spots per unit. New roof installed in 2019. Each unit is separately metered for gas and electric. Pro forma rents could be $2,200/month. Exceptional opportunity to own income property in a highly sought after neighborhood just over 2 miles from the beach with an amazing walk score to local amenities such as Sprouts Farmers Market, Starbucks, Sidecar Doughnuts, Grit Cycle, Greenleaf, and much more!

Listed by Piper Rissmiller | BRE #01951596 | Re/Max First Class
Co-listed by Karen Phillips | BRE #01912372 | Re/Max First Class
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 4

Home details

Lot Sq. Ft
8,054
HOA Dues
$0/mo
Year built
1956
Garage
3 Car
Property Type:
Triplex
Status
Sold
MLS#
OC19198354
City
Costa Mesa
County
Orange
Time on Site
1382 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $48,600
  • Net Operating Income: $35,945
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $12,655
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $15,500
  • Trash: $0
  • Gardener: $525
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 1778 Westminster Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Dryer Included, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • All Bedrooms Down, Kitchen
Kitchen Information
  • Has Appliances
  • Gas Range
Interior Features
  • Levels: One
  • Window Features: Double Pane Windows
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Wood
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: Back Yard, Front Yard, Level with Street, Yard
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Total # of Units: 3
  • Parcel Number: 42546223
  • Year Built Source: Assessor
  • Property is Attached
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside South (ESCM)
  • Directions: Westminster Ave between 17th and 18th Street.
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Gutters, Sidewalks, Storm Drains, Urban
View more facts & features

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Sale History for 1778 Westminster Ave

Last sold for $1,409,000 on October 10th, 2019
  • October, 2019

  • Oct 11, 2019

    Date

    Sold

    CRMLS: OC19198354

    $1,409,000

    Price

  • Aug 26, 2019

    Date

    Active Under Contract

    CRMLS: OC19198354

    $1,475,000

    Price

  • Aug 19, 2019

    Date

    Active

    CRMLS: OC19198354

    $1,475,000

    Price

  • October, 2019

  • Oct 10, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,409,000

    Price

Show More

Tax History for 1778 Westminster Ave

Assessed Value (2020): $65,926
Year Land Value Improved Value Assessed Value
2020 $27,689 $38,237 $65,926

Home Value Compared to the Market

This property vs the competition

1778 Westminster Ave sold on October 10, 2019 for 7.66% 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 $729.84 per/sqft which puts the price per square foot 6.79% lower than the current median sale per square foot for the city of Costa Mesa.

About 1778 Westminster Ave

Detailed summary of property

1778 Westminster Ave is a triplex that recently sold in Costa Mesa, CA 92627. This triplex offered 6 bedrooms, 3 bathrooms, roughly 2,021 living square feet, and sits on an approximately 8,054 square foot lot. 1778 Westminster Ave was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $1,409,000. 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 7.66% higher than the current median priced home. Local homes that are currently for sale include 7122 Natal Dr, 7122 Natal Dr and 705 E Walnut Ave. While the average home in Costa Mesa, CA is selling in 29 days, 1778 Westminster Ave has a days on market of 4 days. There are currently 114 homes for sale in the Costa Mesa real estate market and 85 of them are single family homes while 13 of them are condos and 16 are townhomes. For more information on this home for sale at 1778 Westminster 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 1778 Westminster Ave

Public county record property details
Beds
--
Baths
--
Year built
1956
Sq. Ft.
2,021
Lot Size
8,054
Stories
--
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
Orange
Lot#
--
APN
425-462-23

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.
$850
Median Sold Price
$1,500,000
Median Sold Price/Sq.Ft.
$788
Total Inventory
67
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.