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2280 Pamela Ln, Costa Mesa, CA 92627
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2280 Pamela Ln Costa Mesa, CA 92627

$1,629,000
  • 6 Beds
  • 5 Baths
  • 2,576 Sq.Ft.
For Sale
$1,629,000 Get Pre-Qualified
Map preview of 2280 Pamela Ln, Costa Mesa, CA 92627

Property Overview: 2280 Pamela Ln Costa Mesa, CA has 6 bedrooms, 5 bathrooms, 2,576 living square feet and 7,022 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: Welcome to 2280 Pamela Lane, an exceptional coastal Orange County tri-plex. This property is conveniently located in the heart of the Newport-Mesa area with easy access to the world-class beaches of Newport and Huntington Beach, both just minutes away. This multi-family is also in close proximity to local schools, shopping, retail, top tier dining and entertainment options, as well as amazing parks with miles of bike and hiking trails. Located on a large 7,022 sq ft. corner lot with swaying palms and mature landscaping, this property gives off the vibe of a Hawaiian vacation home. It features an excellent unit mix of 3 spacious units. The front unit has #A) 3 bedrooms and 2 baths, with a large private patio and living room fireplace. Unit #B) 1 bedroom and 1 bath with an enclosed patio. Unit #C) 2 bedrooms and 2 baths with enclosed patio, and beamed vaulted ceilings. Each unit has a separate one car garage for storage or parking. There is also off-street parking for an additional 3-4 cars. The current long-term tenants are all on month-to-month leases renting at below market rates. The value-add opportunity is in renovating the units and bringing rents up to market rates. Strategic improvements would add significant value to this income property in this rapidly appreciating Costa Mesa submarket.

Listed by Kristian Gray | BRE #02036365 | Keller Williams Beverly Hills
Last checked: 8 minutes ago | Last updated: June 23rd, 2024 | Source CRMLS | DOM: 10
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Home details

Lot Sq. Ft
7,022
HOA Dues
$0/mo
Year built
1972
Garage
3 Car
Property Type:
Multi Family
Status
Active
MLS#
24404525
City
Costa Mesa
County
Orange
Time on Site
9 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,950
  • Total Rent: $2,145
  • Pro Forma/Market Rent: $3,950
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,850
  • Total Rent: $1,620
  • Pro Forma/Market Rent: $2,850
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.5
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 2280 Pamela Ln

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Combination
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • Has Fireplace
  • Living Room
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Garage - Three Door, Private, Assigned
Lot Information
  • Lot Features: Landscaped
  • Lot Size Source: Other
Property Information
  • Total # of Units: 3
  • Parcel Number: 42237222
  • Year Built Source: Assessor
  • Architectural Style: Contemporary
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Property is located at the corner of Joann St and Pamela Ln
View more facts & features

Local Costa Mesa Agent

Sale History for 2280 Pamela Ln

Last sold for $845,000 on June 28th, 2005

  • June, 2024

  • Jun 15, 2024

    Date

    Active

    CRMLS: 24404525

    $1,629,000

    Price

  • June, 2005

  • Jun 28, 2005

    Date

    Sold (Public Records)

    Public Records

    $845,000

    Price

  • November, 2004

  • Nov 2, 2004

    Date

    Sold (Public Records)

    Public Records

    $650,000

    Price

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Tax History for 2280 Pamela Ln

Assessed Value (2020): $986,885
Year Land Value Improved Value Assessed Value
2020 $838,852 $148,033 $986,885

Home Value Compared to the Market

This property vs the competition

2280 Pamela Ln is listed 12.34% higher than the median list price for the city of Costa Mesa which has a median list price of $1,450,000. The median price per/sqft for Costa Mesa is $774 and this home is listed at $632.38 per/sqft which puts the price per square foot 18.3% lower than the median price per square foot for the city of Costa Mesa.

About 2280 Pamela Ln

Detailed summary of property

2280 Pamela Ln is a multi family located in Costa Mesa, CA 92627 and is currently for sale. This multi family property offers 6 bedrooms, 5 bathrooms, roughly 2,576 living square feet, and sits on an approximately 7,022 square foot lot. 2280 Pamela Ln was first listed on ArdentRealEstateGroup.com on June 16, 2024. The homeowner is currently asking $1,629,000. The median priced home in Costa Mesa is $1,450,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is listed 12.34% higher than the median priced home. Local competing homes currently for sale include 938 S Gilbuck Dr, 1210 S Athena Way and 1150 S State College Blvd. While the average home in Costa Mesa, CA is selling in 36 days, 2280 Pamela Ln has a days on market of 10 days. There are currently 142 homes for sale in the Costa Mesa real estate market and 105 of them are single family homes while 18 of them are condos and 19 are townhomes. For more information on this home for sale at 2280 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 2280 Pamela Ln

Public county record property details
Beds
--
Baths
--
Year built
1972
Sq. Ft.
2,576
Lot Size
7,022
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
8
APN
422-372-22

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
$1,428,000
Median List Price/Sq.Ft.
$843
Median Sold Price
$1,320,000
Median Sold Price/Sq.Ft.
$799
Total Inventory
72
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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Recently Sold Homes Near 2280 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
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
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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