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2264 Pamela Ln, Costa Mesa, CA 92627
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2264 Pamela Ln Costa Mesa, CA 92627

$1,010,000 Sold Price as of 07/29/2019
  • 6 Beds
  • 5 Baths
  • 2,576 Sq.Ft.
Sold
$1,010,000 Sold Price as of 07/29/2019 Refinance Your Mortgage
Map preview of 2264 Pamela Ln, Costa Mesa, CA 92627

Property Overview: 2264 Pamela Ln Costa Mesa, CA has 6 bedrooms, 5 bathrooms, 2,576 living square feet and 6,186 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Excellent income investment property with huge upside potential. Tenants can select from 1 of 3 units; a 3 bedroom, 2 bathroom ground floor unit with separate enclosed patio, a 2 bedroom, 2 bathroom lower unit with covered patio open to the back area, or the 1 bedroom and 1 bathroom upper unit. Each unit has a 1 car enclosed garage plus there are 3-4 additional assigned parking spots in the back of the property. The triplex has tremendous upside for an investor who is willing to do some work on the interior of the property. Located in a great area of Costa Mesa, with close proximity to schools, shopping centers & entertainment establishments.

Listed by Robert Van Der Goes | BRE #01413282 | Seven Gables Real Estate
Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 5

Home details

Lot Sq. Ft
6,186
HOA Dues
$0/mo
Year built
1972
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC19147469
City
Costa Mesa
County
Orange
Time on Site
1376 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $65,000
  • Net Operating Income: $59,960
  • Gross Operating Income: $2,340
  • # of Rented Garages: 3
  • Laundry Income: $2,340
Annual Expense Breakdown
  • Total Operating Expense: $7,380
  • Electric: $1,560
  • Gas/Fuel: $1,800
  • New Taxes: $13,200
  • Trash: $1,740
  • Insurance: $1,384
  • Water/Sewer: $2,200

Property Details for 2264 Pamela Ln

Interior Features
Laundry Information
  • Has Laundry
  • Common Area, Gas Dryer Hookup, Individual Room, Washer Hookup
Room Information
  • Flooring: Carpet, Vinyl
Interior Features
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition, 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: 3
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Paved, Garage
Lot Information
  • Lot Features: Level with Street, Rectangular Lot
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 42237218
  • Year Built Source: Assessor
  • Foundation Details: Slab
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: none
  • Directions: North of Victoria, east of Placentia
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks
View more facts & features

Local Costa Mesa Agent

Sale History for 2264 Pamela Ln

Last leased for $3,000 on January 4th, 2022

  • January, 2022

  • Jan 5, 2022

    Date

    Leased

    CRMLS: LG21256173

    $3,000

    Price

  • Listing provided courtesy of CRMLS

    This recently remodeled condo is available 1/1/22-start the new year off right! This upstairs unit has been completely remodeled throughout with brand new modern touches! As you enter you're invited by high vaulted beamed ceilings, brand new wood floors, and new paint which offers a bright and open feel. The large living room has direct balcony access which is perfect for relaxing and enjoying the California breezes. The kitchen has been completely remodeled with new appliances and modern finishes. The master bedroom has a huge walk in closet with new floors and a newly remodeled modern master bath. The second bedroom offers lots of space with an attached bathroom. There's shared laundry downstairs, a one-car detached garage, an extra parking space, and street parking. Come see it before it's gone!

  • November, 2019

  • Nov 18, 2019

    Date

    Expired

    CRMLS: LG19245239

    $2,200

    Price

  • Nov 7, 2019

    Date

    Hold

    CRMLS: LG19245239

    $2,200

    Price

  • Oct 17, 2019

    Date

    Active

    CRMLS: LG19245239

    $2,200

    Price

  • Listing provided courtesy of CRMLS

    This recently remodeled condo is the only one left of three units! This upstairs unit has been completely remodeled throughout with brand new modern touches! As you enter you're invited by high vaulted beamed ceilings, brand new wood floors, and new paint which offers a bright and open feel. The large living room has direct balcony access which is perfect for relaxing and enjoying the California breezes. The kitchen has been completely remodeled with new appliances and modern finishes. The master bedroom has a huge walk in closet with new floors and a newly remodeled modern master bath. The second bedroom offers lots of space with an attached bathroom. There's shared laundry downstairs, a one-car detached garage, an extra parking space, and street parking. Come see it before it's gone! Note: Refrigerator to be provided by tenant otherwise the landlord will get one for an extra $50/month.

  • July, 2019

  • Jul 30, 2019

    Date

    Sold

    CRMLS: OC19147469

    $1,010,000

    Price

  • Jul 2, 2019

    Date

    Pending

    CRMLS: OC19147469

    $999,000

    Price

  • Jun 27, 2019

    Date

    Active

    CRMLS: OC19147469

    $999,000

    Price

  • July, 2019

  • Jul 29, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,010,000

    Price

  • October, 1998

  • Oct 27, 1998

    Date

    Sold (Public Records)

    Public Records

    $229,000

    Price

Show More

Tax History for 2264 Pamela Ln

Assessed Value (2020): $320,585
Year Land Value Improved Value Assessed Value
2020 $176,322 $144,263 $320,585

Home Value Compared to the Market

This property vs the competition

2264 Pamela Ln sold on July 29, 2019 for 26.11% lower 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 $387.81 per/sqft which puts the price per square foot 51.16% lower than the current median sale per square foot for the city of Costa Mesa.

About 2264 Pamela Ln

Detailed summary of property

2264 Pamela Ln is a multi family that recently sold in Costa Mesa, CA 92627. This multi family property offered 6 bedrooms, 5 bathrooms, roughly 2,576 living square feet, and sits on an approximately 6,186 square foot lot. 2264 Pamela Ln was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $1,010,000. 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 26.11% lower than the current median priced home. Local homes that are currently for sale include 1731 E 3rd St, 1746 E Florida St and 1600 Stanley Ave. While the average home in Costa Mesa, CA is selling in 28 days, 2264 Pamela Ln has a days on market of 5 days. There are currently 113 homes for sale in the Costa Mesa real estate market and 84 of them are single family homes while 14 of them are condos and 15 are townhomes. For more information on this home for sale at 2264 Pamela Ln 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 2264 Pamela Ln

Public county record property details
Beds
--
Baths
--
Year built
1972
Sq. Ft.
2,576
Lot Size
6,424
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
4
APN
422-372-18

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
$1,399,000
Median List Price/Sq.Ft.
$828
Median Sold Price
$1,350,000
Median Sold Price/Sq.Ft.
$1,046
Total Inventory
66
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%)

Thinking of Selling?

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Recently Sold Homes Near 2264 Pamela Ln

2272 Pamela Ln, Costa Mesa, CA 92627
$1,725,000 Last Sold Price
7 Beds
5 Baths
2576 Sq.Ft.
2272 Pamela Ln
Costa Mesa, CA 92627
2268 Pamela Ln, Costa Mesa, CA 92627
$1,230,000 Last Sold Price
6 Beds
4 Baths
2576 Sq.Ft.
2268 Pamela Ln
Costa Mesa, CA 92627
776 W Wilson St, Costa Mesa, CA 92627
$1,350,000 Last Sold Price
8 Beds
4 Baths
3624 Sq.Ft.
776 W Wilson St
Costa Mesa, CA 92627
788 Joann St, Costa Mesa, CA 92627
$875,000 Last Sold Price
3 Beds
2 Baths
1346 Sq.Ft.
788 Joann St
Costa Mesa, CA 92627

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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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