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187 Magnolia St #A, Costa Mesa, CA 92627
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187 Magnolia St #A Costa Mesa, CA 92627

$1,713,000 Sold Price as of 06/24/2022
  • 4 Beds
  • 2 Baths
  • 1,600 Sq.Ft.
Sold
$1,713,000 Sold Price as of 06/24/2022 Refinance Your Mortgage
Map preview of 187 Magnolia St #A, Costa Mesa, CA 92627

Property Overview: 187 Magnolia St #A Costa Mesa, CA has 4 bedrooms, 2 bathrooms, 1,600 living square feet and 6,534 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: More than meets the eye.... Here's two detached homes on one lot in a great lower Eastside Costa Mesa location. This has been a proven investment property for many years, but now may also be considered as a small home with an income property on-site. This property is in walking and biking distance from all the great shopping and dining destinations in the Eastside CM enclave, but just far enough away to be a quiet and peaceful residence to come home to. Treasured OC Beaches are a short bike ride away. The property consists of three total buildings. In the front, facing Magnolia, there is a Vacant Two Bedroom, One Bathroom detached Home with a Brick Fireplace, laminate flooring, laundry hookups and a front yard. In between the two homes are a garage with two single garages. In the rear is a Very Cool & Stylish Two Bedroom One Bathroom detached Home with a Fireplace, updated Kitchen, laminate flooring, laundry closet, and a private fenced in Porch and Yard. The Rear Home is occupied with a month-to-month lease @ $2,700/mo. In addition to the two-car garage, there is parking for additional cars in the driveway. The property includes convenient access to the alley in the rear. Each home has it's own Gas and Electricity meters. Please Do Not Disturb the current occupants while investigating this great opportunity..

Listed by Jeffrey Butcher | BRE #01104911 | Pacific Coast Realty Group
Co-listed by Jeff McConville | BRE #00782326 | Pacific Coast Realty Group
Last checked: 15 minutes ago | Last updated: June 25th, 2022 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
6,534
HOA Dues
$0/mo
Year built
1948
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
NP22111488
City
Costa Mesa
County
Orange
Time on Site
699 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 3
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,700
  • Total Rent: $32,400
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $72,000
  • Net Operating Income: $69,300
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $2,700
  • Trash: $0
  • Insurance: $1,000
  • Water/Sewer: $1,700

Property Details for 187 Magnolia St #A

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • In Carport, Outside
Fireplace Information
  • Has Fireplace
  • Kitchen
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Gas Range, Microwave, Range Hood
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Driveway, Garage, Garage Faces Side, Garage - Two Door
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 42523113
  • Year Built Source: Public Records
  • Foundation Details: Raised, Slab
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside South (ESCM)
  • Directions: On Magnolia St Between Orange Ave and Fullerton Ave.
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Costa Mesa Agent

Sale History for 187 Magnolia St #A

Last sold for $1,713,000 on June 24th, 2022

  • June, 2022

  • Jun 25, 2022

    Date

    Canceled

    CRMLS: NP22108026

    $1,755,000

    Price

  • May 24, 2022

    Date

    Active

    CRMLS: NP22108026

    $1,795,000

    Price

  • Listing provided courtesy of CRMLS

  • June, 2022

  • Jun 24, 2022

    Date

    Sold

    CRMLS: NP22111488

    $1,713,000

    Price

  • May 25, 2022

    Date

    Active

    CRMLS: NP22111488

    $1,795,000

    Price

  • May, 2022

  • May 19, 2022

    Date

    Canceled

    CRMLS: NP22070004

    $1,874,000

    Price

  • Apr 7, 2022

    Date

    Active

    CRMLS: NP22070004

    $1,899,000

    Price

  • Listing provided courtesy of CRMLS

    Fantastic opportunity to own on the beautiful East Side of Costa Mesa. This 2-unit property features 2 - 2BD 1 BA, free standing units each with a single enclosed garage located in the driveway for easy access. The front unit has a nice front yard, laminate flooring, carpet in the bedrooms, brick fireplace in the living room, non - original kitchen with laundry outside directly behind the kitchen for easy access. The rear unit is a charmer with a little private yard and a wonderful front running porch. This 2 BD 1 BA also has laminate flooring with carpet in the bedrooms, fireplace in the living room, more modern kitchen and has laundry located inside a bedroom. Ample parking in the driveway for tenants not including the garages and street parking. With shops, freeways, and a great school district these units are always desired and never on the market for long.

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Tax History for 187 Magnolia St #A

Assessed Value (2020): $82,966
Year Land Value Improved Value Assessed Value
2020 $24,260 $58,706 $82,966

Home Value Compared to the Market

This property vs the competition

187 Magnolia St #A sold on June 24, 2022 for 29.81% higher than the current median sold price for the city of Costa Mesa which is $1,352,000. The median sold price per/sqft for Costa Mesa is $794 and this home is sold at $1096.88 per/sqft which puts the price per square foot 38.15% higher than the current median sale per square foot for the city of Costa Mesa.

About 187 Magnolia St #A

Detailed summary of property

187 Magnolia St #A is a multi family that recently sold in Costa Mesa, CA 92627. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 1,600 living square feet, and sits on an approximately 6,534 square foot lot. 187 Magnolia St #A was first listed on ArdentRealEstateGroup.com on May 25, 2022. The homeowner sold the property for $1,713,000. Home in Costa Mesa are selling for a median price of $1,352,000 and a median price per square foot of $794. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is sold 29.81% higher than the current median priced home. Local homes that are currently for sale include 483 S Pine St, 310 E Wakefield Ave and 357 Mermaid St. While the average home in Costa Mesa, CA is selling in 30 days, 187 Magnolia St #A has a days on market of 13 days. There are currently 102 homes for sale in the Costa Mesa real estate market and 73 of them are single family homes while 15 of them are condos and 14 are townhomes. For more information on this home for sale at 187 Magnolia St #A 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 187 Magnolia St #A

Public county record property details
Beds
2
Baths
1
Year built
1948
Sq. Ft.
882
Lot Size
6,189
Stories
1
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
132
APN
425-231-13

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
$1,350,000
Median List Price/Sq.Ft.
$808
Median Sold Price
$1,350,000
Median Sold Price/Sq.Ft.
$1,046
Total Inventory
52
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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