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2217 Harbor Blvd, Costa Mesa, CA 92627
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2217 Harbor Blvd Costa Mesa, CA 92627

$30,841,537 Sold Price as of 06/08/2021
  • 144 Beds
  • 108 Baths
  • 64,452 Sq.Ft.
Sold
$30,841,537 Sold Price as of 06/08/2021 Refinance Your Mortgage
Map preview of 2217 Harbor Blvd, Costa Mesa, CA 92627

Property Overview: 2217 Harbor Blvd Costa Mesa, CA has 144 bedrooms, 108 bathrooms, 64,452 living square feet and 138,520 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Pacific Villas is an 84-unit multifamily investment property located at 533 West Wilson Street in Costa Mesa, one of the premier coastal housing markets in Southern California. Pacific Villas offers an excellent unit mix of 24, 1 bed/1 bath units, 36, 2 bed/1 bath units, and 24, 2 bed/1.5 bath townhome units, which helps to attract a diverse renter pool. Pacific Villas has recently been upgraded to the standard of a luxury apartment community, with improvements including a sparkling swimming pool, cozy BBQ and picnic areas, covered and open parking, on-site laundry, and controlled access (please contact Listing Agent for more details). Additionally, over 50% of the units have been fully upgraded with modern finishes including new stacked washers and dryers, range hood stoves, stainless steel appliances, lighting, and more (please contact Listing Agent for more details). NOTE: Pacific Villas has two legal addresses: 2217 Harbor Boulevard and 533 West Wilson Street.

Listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 21

Home details

Lot Sq. Ft
138,520
HOA Dues
$0/mo
Year built
1962
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
OC21021253
City
Costa Mesa
County
Orange
Time on Site
1186 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 84
  • Total # of Buildings: 7
  • # of Leased Units: 84
  • # of Electric Meters: 84
  • # of Gas Meters: 84
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 24
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $34,925
  • Total Rent: $34,925
  • Pro Forma/Market Rent: $40,680
Unit Breakdown 2
  • # of Units: 36
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $70,011
  • Total Rent: $70,011
  • Pro Forma/Market Rent: $83,700
Unit Breakdown 3
  • # of Units: 24
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $50,187
  • Total Rent: $50,187
  • Pro Forma/Market Rent: $60,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $1,861,476
  • Net Operating Income: $1,207,739
  • Gross Operating Income: $1,905,237
  • Vacancy Allowance: $55,844
  • Other Income 1: $99,605
  • Other Income Description: Miscellaneous
Annual Expense Breakdown
  • Total Operating Expense: $697,498
  • Electric: $17,325
  • Gas/Fuel: $17,325
  • New Taxes: $361,642
  • Trash: $17,325
  • Insurance: $21,771
  • Maintenance: $42,000
  • Professional Management: $47,631
  • Water/Sewer: $17,325
  • Other Expenses: $155,154
  • Other Expense Description: Misc

Property Details for 2217 Harbor Blvd

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 152
Lot Information
  • Lot Features: Landscaped, Level
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 84
  • Parcel Number: 42219313
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Nearby Cross Streets: Wilson Street & Harbor Boulevard
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Costa Mesa Agent

Sale History for 2217 Harbor Blvd

Last sold for $30,841,537 on June 8th, 2021

  • June, 2021

  • Jun 8, 2021

    Date

    Sold

    CRMLS: OC21021253

    $30,841,537

    Price

  • Feb 22, 2021

    Date

    Pending

    CRMLS: OC21021253

    $32,000,000

    Price

  • Feb 1, 2021

    Date

    Active

    CRMLS: OC21021253

    $32,000,000

    Price

  • May, 2018

  • May 25, 2018

    Date

    Sold (Public Records)

    Public Records

    $28,000,000

    Price

  • April, 2016

  • Apr 21, 2016

    Date

    Sold (Public Records)

    Public Records

    $21,700,000

    Price

Show More

Tax History for 2217 Harbor Blvd

Assessed Value (2020): $28,325,719
Year Land Value Improved Value Assessed Value
2020 $18,128,460 $10,197,259 $28,325,719

Home Value Compared to the Market

This property vs the competition

2217 Harbor Blvd sold on June 8, 2021 for 2235.77% 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 $496.49 per/sqft which puts the price per square foot 36.59% lower than the current median sale per square foot for the city of Costa Mesa.

About 2217 Harbor Blvd

Detailed summary of property

2217 Harbor Blvd is a multi family that recently sold in Costa Mesa, CA 92627. This multi family property offered 144 bedrooms, 108 bathrooms, roughly 64,452 living square feet, and sits on an approximately 138,520 square foot lot. 2217 Harbor Blvd was first listed on ArdentRealEstateGroup.com on February 2, 2021. The homeowner sold the property for $30,841,537. 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 2235.77% higher than the current median priced home. While the average home in Costa Mesa, CA is selling in 29 days, 2217 Harbor Blvd has a days on market of 21 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 2217 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 2217 Harbor Blvd

Public county record property details
Beds
--
Baths
--
Year built
1962
Sq. Ft.
64,452
Lot Size
138,520
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
29
APN
422-193-13

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
$1,399,000
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%)

Thinking of Selling?

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(714) 706-1823

Homes for Sale Near 2217 Harbor Blvd

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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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