1995 Harbor Blvd Costa Mesa, CA 92627

$--

-- Beds
-- Baths
13,200 Sq.Ft.

Off Market

Map preview of 1995 Harbor Blvd, Costa Mesa, CA 92627

Property Overview: 1995 Harbor Blvd Costa Mesa, CA has -- bedrooms, -- bathrooms, 13,200 living square feet and 35,409 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1995 Harbor Blvd is currently an off market home in the city of Costa Mesa. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Costa Mesa has a median list price of $1,495,000. The median price per/sqft for Costa Mesa is $783. With those numbers in mind, if you are looking to purchase a median priced home in Costa Mesa, CA and put 20% down you will need to save up $299,000 for the down payment and will need roughly $29,900 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Costa Mesa the commission could be as much as $65,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1995 Harbor Blvd

Last sold on March 22nd, 2018

April, 2018
Apr 28, 2018

Date

Expired

CRMLS: OC17258453

$2,450,000

Price
Dec 11, 2017

Date

Withdrawn

CRMLS: OC17258453

$2,450,000

Price
Nov 15, 2017

Date

Active

CRMLS: OC17258453

$2,450,000

Price
Listing provided courtesy of CRMLS

SRS Real Estate Partners is pleased to present the rare opportunity to acquire the leased fee interest (land only) in a multi-tenant auto retail center located in Costa Mesa, CA (Orange County). This highly unique investment property offers upside opportunity to an investor. The leasehold owner has approximately 14.5 years remaining with no option terms remaining on their lease and is paying well below market rent at $0.39 / SF / Mo. The low ground rent provides enormous value-add opportunity for a new investor to either renegotiate lease, retenant, or redevelop the property when the lease expires and the improvements return to the land owner (buyer). The existing ground lease features CPI adjusted rental increases every 5 years with no cap, which hedges against inflation and generates NOI growth. The multi-tenant auto retail center is located along Harbor Boulevard, one of the few commercially zoned corridors for the city of Costa Mesa. Harbor Boulevard is a major thoroughfare with 39,000 vehicles passing by daily. The site is conveniently half a mile away from California State Highway 55 (92,000 vehicles per day) with direct on/off-ramp access. The auto retail center has excellent synergy with nearby tenants including Ford and Toyota dealerships, Enterprise, and more. The 3-mile trade is supported by a dense and affluent population of nearly 171,000 with an average household income of $112,600.

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March, 2018
Mar 22, 2018

Date

Sold (Public Records)

Public Records

--

Price
May, 1997
May 21, 1997

Date

Sold (Public Records)

Public Records

$455,000

Price

Tax History for 1995 Harbor Blvd

Assessed Value (2020): $2,883,929

Year	Land Value	Improved Value	Assessed Value
2020	$2,422,500	$461,429	$2,883,929

About 1995 Harbor Blvd

Detailed summary of property

1995 Harbor Blvd is categorized with a use code of Auto Repair (& Related), Garage in Costa Mesa, CA 92627 and is currently off market. This property has -- bedrooms, -- bathrooms, roughly 13,200 living square feet, and sits on an approximately 35,409 square foot lot. Homes in Costa Mesa are selling for a median price of $1,300,000 and a median price per square foot of $801. Local nearby listings include 2177 Pomona Ave, 642 W Wilson St and 2215 Avalon St. The average home in Costa Mesa, CA is selling in 42 days. There are currently 150 homes for sale in the Costa Mesa real estate market and 110 of them are single family homes while 23 of them are condos and 17 are townhomes. If you are the homeowner and looking to sell the home at 1995 Harbor Blvd 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 1995 Harbor Blvd

Public county record property details

Beds: --
Baths: --
Year built: 1972
Sq. Ft.: 13,200
Lot Size: 35,409
Stories: 1

Type: Auto Repair (& Related), Garage
Pool: No
Spa: No
County: Orange
Lot#: 18
APN: 422-101-02

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.

$825

Median Sold Price

$1,070,000

Median Sold Price/Sq.Ft.

$855

Total Inventory

Median Sale to List Price %

99.17%

Avg Days on Market

Loan Type

Conventional (66.67%), FHA (0%), VA (0%), Cash (5.56%), Other (22.22%)

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