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224 Avocado St, Costa Mesa, CA 92627
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224 Avocado St Costa Mesa, CA 92627

$6,900,000
  • 30 Beds
  • 15.5 Baths
  • 14,115 Sq.Ft.
For Sale
$6,900,000 Get Pre-Qualified
Map preview of 224 Avocado St, Costa Mesa, CA 92627

Property Overview: 224 Avocado St Costa Mesa, CA has 30 bedrooms, 15.5 bathrooms, 14,115 living square feet and 29,621 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are proud to present this well maintained 15 unit building of 2-bedroom units. First time on the market in 48 years. This 15-unit building (14- 2 bedroom 1 bathroom and 1 2- bedroom 1.5 bathroom) property has been well cared for and is immaculate. Parking on this property is superb with each unit having 2 reserved parking spaces to come home to at night, making parking easy and stress free. Private patios are found with each unit too, along with storage closets for 14 of the 15 units. The grounds are clean and inviting making for a relaxing environment. Freeway accessibility to the 405, 55, and 73 freeway makes the commuters travels easy. Shopping to many known locations such as South Coast Plaza, The CAMP, The Lab, 17th Street and Harbor Blvd are minutes away.

Listed by Laura Henshall | BRE #01091181 | CFG Investments
Last checked: 4 minutes ago | Last updated: June 27th, 2024 | Source CRMLS | DOM: 11
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Home details

Lot Sq. Ft
29,621
HOA Dues
$0/mo
Year built
1976
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
OC24123196
City
Costa Mesa
County
Orange
Time on Site
11 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 15
  • Total # of Buildings: 3
  • # of Electric Meters: 16
  • # of Gas Meters: 16
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,170
  • Total Rent: $2,170
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,175
  • Total Rent: $2,175
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,195
  • Total Rent: $2,195
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,195
  • Total Rent: $2,195
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,220
  • Total Rent: $2,220
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,250
  • Total Rent: $2,250
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,250
  • Total Rent: $2,250
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 9
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $9,200
  • Pro Forma/Market Rent: $9,580
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,345
  • Total Rent: $2,345
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 11
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,375
  • Total Rent: $2,375
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 12
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,395
  • Total Rent: $2,395
  • Pro Forma/Market Rent: $2,475
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $407,640
  • Net Operating Income: $999,999
  • Gross Operating Income: --
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $999,999
  • Electric: $99,999
  • Gas/Fuel: $99,999
  • Furniture Replacement: $0
  • Trash: $999,999
  • Insurance: $99,999
  • Professional Management: $19,400
  • Water/Sewer: $999,999

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Property Details for 224 Avocado St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • Has Fireplace
  • Patio
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 30
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Garden
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 15
  • Parcel Number: 41901218
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: The main streets are Fairview @ Victoria, directly off Fairview going South just before Victoria.
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Costa Mesa Agent

Sale History for 224 Avocado St

Last sold on August 27th, 1986

  • June, 2024

  • Jun 17, 2024

    Date

    Active

    CRMLS: OC24123196

    $7,950,000

    Price

  • August, 1986

  • Aug 27, 1986

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 224 Avocado St

Assessed Value (2020): $628,910
Year Land Value Improved Value Assessed Value
2020 $132,071 $496,839 $628,910

Home Value Compared to the Market

This property vs the competition

224 Avocado St is listed 361.54% higher than the median list price for the city of Costa Mesa which has a median list price of $1,495,000. The median price per/sqft for Costa Mesa is $765 and this home is listed at $488.84 per/sqft which puts the price per square foot 36.1% lower than the median price per square foot for the city of Costa Mesa.

About 224 Avocado St

Detailed summary of property

224 Avocado St is a mixed use located in Costa Mesa, CA 92627 and is currently for sale. This mixed use property offers 30 bedrooms, 15.5 bathrooms, roughly 14,115 living square feet, and sits on an approximately 29,621 square foot lot. 224 Avocado St was first listed on ArdentRealEstateGroup.com on June 17, 2024. The homeowner is currently asking $6,900,000 and was originally asking $7,950,000. The median priced home in Costa Mesa is $1,495,000 with a median price per square foot of $765. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is listed 361.54% higher than the median priced home. Local competing homes currently for sale include 125 Ximeno Ave and 12024 Bellflower Blvd. While the average home in Costa Mesa, CA is selling in 37 days, 224 Avocado St has a days on market of 11 days. There are currently 139 homes for sale in the Costa Mesa real estate market and 104 of them are single family homes while 17 of them are condos and 18 are townhomes. For more information on this home for sale at 224 Avocado St 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 224 Avocado St

Public county record property details
Beds
--
Baths
--
Year built
1976
Sq. Ft.
14,115
Lot Size
30,658
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
36
APN
419-012-18

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.
$847
Median Sold Price
$1,320,000
Median Sold Price/Sq.Ft.
$799
Total Inventory
73
Median Sale to List Price %
102.33%
Avg Days on Market
12
Loan Type
Conventional (38.46%), FHA (0%), VA (0%), Cash (34.62%), Other (26.92%)

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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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