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2268 Pamela Ln, Costa Mesa, CA 92627
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2268 Pamela Ln Costa Mesa, CA 92627

$1,230,000 Sold Price as of 05/20/2021
  • 6 Beds
  • 4 Baths
  • 2,576 Sq.Ft.
Sold
$1,230,000 Sold Price as of 05/20/2021 Refinance Your Mortgage
Map preview of 2268 Pamela Ln, Costa Mesa, CA 92627

Property Overview: 2268 Pamela Ln Costa Mesa, CA has 6 bedrooms, 4 bathrooms, 2,576 living square feet and 6,182 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to offer 2268 Pamela Lane, a 3-unit apartment investment opportunity located in the popular coastal rental market of Costa Mesa. On the market for the first time in over 40 years, the property is well located on a culdesac in the westside – near the borders of Huntington Beach and Newport Beach – and walking distance to schools, parks, and major retail centers. Pamela Lane is also within minutes of OC Fairgrounds, Orange Coast College, and miles of Orange County’s sandy beaches. The current ownership has taken good care of the property over the years, with upgrades including a newer roof (approximately 10 years ago), renovated kitchens, and wood siding being replaced with stucco. Tenants enjoy garage parking, patios and balconies, and on-site laundry. The property is well-suited for either an owner-occupier, or an investor looking to add a quality asset in a good location to their portfolio. *Highly Desirable Location, Near Fairview Park & Costa Mesa Golf Course, *Great Mix of 1, 2 & 3-Bedroom Units, *First Time on Market in Over 40 Years, *Minutes from Huntington Beach, Newport Beach, OC Fairgrounds & Orange Coast College, *Renovated Kitchens, Newer Roof, Garage Parking

Listed by Damien Breaux | BRE #01460301 | Morgan Skenderian
Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 179

Home details

Lot Sq. Ft
6,182
HOA Dues
$0/mo
Year built
1972
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW20207401
City
Costa Mesa
County
Orange
Time on Site
1315 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $1,695
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,895
  • Total Rent: $1,895
  • Pro Forma/Market Rent: $2,495
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.2%
  • Gross Rent Multiplier: 19.27
  • Gross Scheduled Income: $64,620
  • Net Operating Income: $39,421
  • Gross Operating Income: $62,681
  • Vacancy Allowance: $1,939
  • Laundry Income: $1,080
Annual Expense Breakdown
  • Total Operating Expense: $23,261
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $13,089
  • Trash: $0
  • Gardener: $900
  • Insurance: $955
  • Maintenance: $3,134
  • Water/Sewer: $0
  • Other Expenses: $3,800
  • Other Expense Description: Utility

Property Details for 2268 Pamela Ln

Interior Features
Laundry Information
  • Has Laundry
  • Community
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 42237219
  • 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: North of Victoria Street & East of Placentia Avenue
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Costa Mesa Agent

Sale History for 2268 Pamela Ln

Last sold for $1,230,000 on May 20th, 2021

  • May, 2021

  • May 21, 2021

    Date

    Sold

    CRMLS: PW20207401

    $1,230,000

    Price

  • Mar 30, 2021

    Date

    Active Under Contract

    CRMLS: PW20207401

    $1,245,000

    Price

  • Feb 24, 2021

    Date

    Price Change

    CRMLS: PW20207401

    $1,245,000

    Price

  • Oct 2, 2020

    Date

    Active

    CRMLS: PW20207401

    $1,285,000

    Price

Tax History for 2268 Pamela Ln

Assessed Value (2020): $170,548
Year Land Value Improved Value Assessed Value
2020 $52,870 $117,678 $170,548

Home Value Compared to the Market

This property vs the competition

2268 Pamela Ln sold on May 20, 2021 for 9.12% lower 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 $483.31 per/sqft which puts the price per square foot 38.27% lower than the current median sale per square foot for the city of Costa Mesa.

About 2268 Pamela Ln

Detailed summary of property

2268 Pamela Ln is a multi family that recently sold in Costa Mesa, CA 92627. This multi family property offered 6 bedrooms, 4 bathrooms, roughly 2,576 living square feet, and sits on an approximately 6,182 square foot lot. 2268 Pamela Ln was first listed on ArdentRealEstateGroup.com on October 2, 2020. The homeowner sold the property for $1,230,000. 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 9.12% lower than the current median priced home. Local homes that are currently for sale include 20611 Arline Ave, 7020 Schroll St and 4110 E Vermont St. While the average home in Costa Mesa, CA is selling in 30 days, 2268 Pamela Ln has a days on market of 179 days. There are currently 116 homes for sale in the Costa Mesa real estate market and 90 of them are single family homes while 9 of them are condos and 17 are townhomes. For more information on this home for sale at 2268 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 2268 Pamela Ln

Public county record property details
Beds
--
Baths
--
Year built
1972
Sq. Ft.
2,576
Lot Size
6,182
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
5
APN
422-372-19

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
$1,389,000
Median List Price/Sq.Ft.
$828
Median Sold Price
$1,500,000
Median Sold Price/Sq.Ft.
$788
Total Inventory
68
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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Thinking of Selling?
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(714) 706-1823

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Recently Sold Homes Near 2268 Pamela Ln

2272 Pamela Ln, Costa Mesa, CA 92627
$1,725,000 Last Sold Price
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5 Baths
2576 Sq.Ft.
2272 Pamela Ln
Costa Mesa, CA 92627
2264 Pamela Ln, Costa Mesa, CA 92627
$1,010,000 Last Sold Price
6 Beds
5 Baths
2576 Sq.Ft.
2264 Pamela Ln
Costa Mesa, CA 92627
776 W Wilson St, Costa Mesa, CA 92627
$1,350,000 Last Sold Price
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788 Joann St, Costa Mesa, CA 92627
$875,000 Last Sold Price
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2 Baths
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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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