2602 Mcgaw Ave, Irvine, CA 92614
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2602 Mcgaw Ave Irvine, CA 92614

$11,000,000 Sold Price as of 03/14/2023
  • -- Beds
  • -- Baths
  • 169,030 Sq.Ft.
Sold
$11,000,000 Sold Price as of 03/14/2023 Refinance Your Mortgage

Map preview of 2602 Mcgaw Ave, Irvine, CA 92614

Property Overview: 2602 Mcgaw Ave Irvine, CA has -- bedrooms, -- bathrooms, 169,030 living square feet and 363,937 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Exclusively presenting Blue Bay – a 120-unit luxury condominium development opportunity. Designed by MVE Partners, Blue Bay will consist of a multi-story residential building comprised of five (5) levels of apartment units with a full array of amenities for residents, along with two (2) levels of above-grade parking and one (1) partial level of subterranean parking.? Blue Bay is going to be an iconic landmark structure in the heart of the Irvine Business Complex (IBC) area, with its unique modern design, large pool deck with a spa, a lush landscape deck atop the parking garage, an open courtyard in the center of the building, and a roof garden. Blue Bay will also be the only mid-rise condominium project located in the renowned Irvine School District. It’s only one block away from Diamond Jamboree Shopping Center and two blocks away from The District Shopping Center; minutes away from the South Coast Plaza, John Wayne Airport, University of California Irvine, University High School, Ranch 99 Market Center, Fashion Island Shopping Center, Pelican Hill Golf Resort and Newport Beach. It is classified as Irvine Unified School District and close to the intersection of Alton Parkway and Jamboree Road, both of which are the main streets in Irvine. It also has easy access to I-405, I-5, 73, 55, and 124 - the perfect spot for commuters.

Listed by Cindy Chin | BRE #01921826 | Cindy Chin Realty
Last checked: 9 minutes ago | Last updated: March 14th, 2023 | Source CRMLS | DOM: 241

Home details

Lot Sq. Ft
363,937
HOA Dues
$0/mo
Year built
2022
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
OC20241627
City
Irvine
County
Orange
Time on Site
1200 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2602 Mcgaw Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Inside
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 328
Lot Information
  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Source: Estimated
  • Common Interest: Planned Development
Property Information
  • Parcel Number: 43505318
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Jamboree and McGaw Ave
View more facts & features

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Sale History for 2602 Mcgaw Ave

Last sold for $11,000,000 on March 14th, 2023
  • July, 2021

  • Jul 16, 2021

    Date

    Active Under Contract

    CRMLS: OC20241627

    $11,000,000

    Price

  • May 14, 2021

    Date

    Price Change

    CRMLS: OC20241627

    $11,000,000

    Price

  • May 14, 2021

    Date

    Active

    CRMLS: OC20241627

    $15,000,000

    Price

  • Apr 14, 2021

    Date

    Active Under Contract

    CRMLS: OC20241627

    $15,000,000

    Price

  • Nov 17, 2020

    Date

    Active

    CRMLS: OC20241627

    $15,000,000

    Price

  • December, 2017

  • Dec 19, 2017

    Date

    Sold (Public Records)

    Public Records

    $9,000,000

    Price

Show More

Tax History for 2602 Mcgaw Ave

Assessed Value (2020): $9,363,600
Year Land Value Improved Value Assessed Value
2020 $8,375,220 $988,380 $9,363,600

Home Value Compared to the Market

This property vs the competition

2602 Mcgaw Ave sold on March 14, 2023 for 626.07% higher than the current median sold price for the city of Irvine which is $1,515,000. The median sold price per/sqft for Irvine is $863 and this home is sold at $65.08 per/sqft which puts the price per square foot 92.46% lower than the current median sale per square foot for the city of Irvine.

About 2602 Mcgaw Ave

Detailed summary of property

2602 Mcgaw Ave is a multi family that recently sold in Irvine, CA 92614. This multi family property offered -- bedrooms, -- bathrooms, roughly 169,030 living square feet, and sits on an approximately 363,937 square foot lot. 2602 Mcgaw Ave was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $11,000,000. Home in Irvine are selling for a median price of $1,515,000 and a median price per square foot of $863. Based on Ardent Real Estate Group's Irvine Market Data, this home is sold 626.07% higher than the current median priced home. Local homes that are currently for sale include 815 Moraga Dr. While the average home in Irvine, CA is selling in 47 days, 2602 Mcgaw Ave has a days on market of 241 days. There are currently 428 homes for sale in the Irvine real estate market and 191 of them are single family homes while 207 of them are condos and 30 are townhomes. For more information on this home for sale at 2602 Mcgaw Ave Irvine, CA 92614 contact Ardent Real Estate Group and we will put you in touch with one of our Irvine agents.

Public Facts for 2602 Mcgaw Ave

Public county record property details
Beds
--
Baths
--
Year built
1977
Sq. Ft.
24,500
Lot Size
79,714
Stories
1
Type
Light Industrial (10% Improved Office Space; Machine Shop)
Pool
No
Spa
No
County
Orange
Lot#
9
APN
435-053-18

The source for these homes facts are from public records.

92614 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,288,888
Median List Price/Sq.Ft.
$753
Median Sold Price
$1,508,200
Median Sold Price/Sq.Ft.
$822
Total Inventory
36
Median Sale to List Price %
108.66%
Avg Days on Market
12
Loan Type
Conventional (47.83%), FHA (0%), VA (0%), Cash (34.78%), Other (17.39%)

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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.