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2039 Pomona Ave, Costa Mesa, CA 92627
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2039 Pomona Ave Costa Mesa, CA 92627

$2,550,000 Sold Price as of 03/24/2021
  • 9 Beds
  • 7 Baths
  • 4,495 Sq.Ft.
Sold
$2,550,000 Sold Price as of 03/24/2021 Refinance Your Mortgage
Map preview of 2039 Pomona Ave, Costa Mesa, CA 92627

Property Overview: 2039 Pomona Ave Costa Mesa, CA has 9 bedrooms, 7 bathrooms, 4,495 living square feet and 18,295 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Unique and rare 7 unit building on Westside Costa Mesa on a large buildable lot. Property consists of one free standing 1bd/1ba cottage with good sized yard, a duplex with two 1bd/1ba units and private patios, one upstairs studio, one upstairs 2bd/1ba apartment, another free standing 2bd/1ba unit with a large private yard and a free standing home with a private back yard. Corner lot with good light, 6 or 7 enclosed garages plus off-street and on-street parking. Property has lots of potential and upside. Presently leased to one non-profit entity but may be delivered vacant which would be great for a rehab opportunity. There is also a small storage building. At one time you could build 6 units, there, but you would need to check with city on present zoning requirements. PLEASE NOTE INCOME IS BASED ON PRO-FORMA, call for details.

Listed by David Sanford | BRE #00826382 | Newport Apartment Group
Co-listed by Gaston Sanford | BRE #02023145 | Newport Apartment Group
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft
18,295
HOA Dues
$0/mo
Year built
1955
Garage
7 Car
Property Type:
Multi Family
Status
Sold
MLS#
NP21000754
City
Costa Mesa
County
Orange
Time on Site
1259 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 6
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 0
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: $2,650
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $900
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 5
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.21%
  • Gross Rent Multiplier: 16.35
  • Gross Scheduled Income: $156,000
  • Net Operating Income: $107,370
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $48,630
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $30,600
  • Trash: $2,880
  • Gardener: $1,350
  • Insurance: $3,000
  • Professional Management: $7,800
  • Water/Sewer: $3,000

Property Details for 2039 Pomona Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace, Natural Gas
Laundry Information
  • Has Laundry
  • Common Area
Kitchen Information
  • Has Appliances
  • Gas Oven, Gas Range
Interior Features
  • Levels: Two
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: 7
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Covered
Lot Information
  • Lot Features: 6-10 Units/Acre, Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 7
  • Parcel Number: 42225101
  • Year Built Source: Assessor
  • Architectural Style: Bungalow
  • Foundation Details: Slab
  • Property is Attached
  • Offered With Property: Landlord owned property
Homeowners Association, Utilities, Taxes / Assessments
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
  • Subdivision Name: Westside Costa Mesa South (WSCM)
  • Directions: From 19th Street go north on Pomona Ave. Property will be on left.
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Curbs, Street Lights
View more facts & features

Local Costa Mesa Agent

Sale History for 2039 Pomona Ave

Last sold for $2,550,000 on March 24th, 2021

  • March, 2021

  • Mar 25, 2021

    Date

    Sold

    CRMLS: NP21000754

    $2,550,000

    Price

  • Jan 19, 2021

    Date

    Pending

    CRMLS: NP21000754

    $2,550,000

    Price

  • Jan 3, 2021

    Date

    Active

    CRMLS: NP21000754

    $2,550,000

    Price

  • October, 2014

  • Oct 15, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 2013

  • Jul 9, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2039 Pomona Ave

Assessed Value (2020): $1,505,366
Year Land Value Improved Value Assessed Value
2020 $1,098,917 $406,449 $1,505,366

Home Value Compared to the Market

This property vs the competition

2039 Pomona Ave sold on March 24, 2021 for 87.5% higher than the current median sold price for the city of Costa Mesa which is $1,360,000. The median sold price per/sqft for Costa Mesa is $824 and this home is sold at $567.3 per/sqft which puts the price per square foot 31.15% lower than the current median sale per square foot for the city of Costa Mesa.

About 2039 Pomona Ave

Detailed summary of property

2039 Pomona Ave is a multi family that recently sold in Costa Mesa, CA 92627. This multi family property offered 9 bedrooms, 7 bathrooms, roughly 4,495 living square feet, and sits on an approximately 18,295 square foot lot. 2039 Pomona Ave was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $2,550,000. Home in Costa Mesa are selling for a median price of $1,360,000 and a median price per square foot of $824. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is sold 87.5% higher than the current median priced home. Local homes that are currently for sale include 12621 Morningside Ave, 4822 Neely Circle and 402 W Fairway Dr. While the average home in Costa Mesa, CA is selling in 36 days, 2039 Pomona Ave has a days on market of 10 days. There are currently 135 homes for sale in the Costa Mesa real estate market and 100 of them are single family homes while 16 of them are condos and 19 are townhomes. For more information on this home for sale at 2039 Pomona 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 2039 Pomona Ave

Public county record property details
Beds
--
Baths
--
Year built
1965
Sq. Ft.
4,495
Lot Size
17,350
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
33
APN
422-251-01

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
$1,488,000
Median List Price/Sq.Ft.
$828
Median Sold Price
$1,325,000
Median Sold Price/Sq.Ft.
$921
Total Inventory
71
Median Sale to List Price %
98.22%
Avg Days on Market
19
Loan Type
Conventional (54.55%), FHA (0%), VA (0%), Cash (36.36%), Other (9.09%)

Thinking of Selling?

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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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