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2641 Elden Ave, Costa Mesa, CA 92627
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2641 Elden Ave Costa Mesa, CA 92627

$2,585,420 Sold Price as of 03/04/2024
  • 11 Beds
  • 4 Baths
  • 3,738 Sq.Ft.
Sold
$2,585,420 Sold Price as of 03/04/2024 Refinance Your Mortgage
Map preview of 2641 Elden Ave, Costa Mesa, CA 92627

Property Overview: 2641 Elden Ave Costa Mesa, CA has 11 bedrooms, 4 bathrooms, 3,738 living square feet and 19,809 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present a rare Eastside Costa Mesa Fourplex. Built in 1955, 2641 Elden Avenue is comprised of four detached cottages on a massive 19,809SF parcel. Three of the units are 3-Bedroom/1-Bathroom units, two of which have 2-Car Garages. The other 3-Bedroom unit has an attached 1-Car Garage. The 2-Bedroom unit has an attached carport designated for the unit. Each of the units offer tenants washer/dryer hook-ups, large private yards, and ample parking outside of the garages and carport. This is the first time in over 40 years that the property has been offered for sale and represents an incredible opportunity for an investor to renovate and push rents to market, add ADU units, or develop new housing stock.

Listed by Nick Gould | BRE #01521955 | Morgan Skenderian
Co-listed by Kenneth Morgan | BRE #01220368 | Morgan Skenderian
Last checked: 14 minutes ago | Last updated: March 5th, 2024 | Source CRMLS | DOM: 50

Home details

Lot Sq. Ft
19,809
HOA Dues
$0/mo
Year built
1955
Garage
5 Car
Property Type:
Apartment
Status
Sold
MLS#
PW23216796
City
Costa Mesa
County
Orange
Time on Site
162 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 4
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,775
  • Total Rent: $2,775
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,155
  • Total Rent: $3,155
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,900
  • Total Rent: $2,900
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,511
  • Total Rent: $2,511
  • Pro Forma/Market Rent: $3,395
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.01%
  • Gross Rent Multiplier: 20.81
  • Gross Scheduled Income: $135,960
  • Net Operating Income: $85,045
  • Gross Operating Income: $131,881
  • Vacancy Allowance: $4,079
Annual Expense Breakdown
  • Total Operating Expense: $46,836
  • Trash: $1,500
  • Insurance: $2,098
  • Water/Sewer: $1,118

Property Details for 2641 Elden Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup, Washer Hookup
Fireplace Information
  • Has Fireplace
  • Living Room
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 12
  • No
  • Parking Features: None
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 43907121
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Other
  • Directions: Off of Newport Blvd. and Mesa Drive.
Neighborhood Information
  • Community Features: Biking, BLM/National Forest, Hiking, Horse Trails, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Costa Mesa Agent

Sale History for 2641 Elden Ave

Last sold for $2,585,420 on March 4th, 2024

  • March, 2024

  • Mar 4, 2024

    Date

    Sold

    CRMLS: PW23216796

    $2,585,420

    Price

  • Nov 27, 2023

    Date

    Active

    CRMLS: PW23216796

    $2,829,000

    Price

  • August, 2008

  • Aug 15, 2008

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2641 Elden Ave

Assessed Value (2020): $235,294
Year Land Value Improved Value Assessed Value
2020 $115,294 $120,000 $235,294

Home Value Compared to the Market

This property vs the competition

2641 Elden Ave sold on March 4, 2024 for 106.5% higher 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 $756.82 per/sqft which puts the price per square foot 3.34% lower than the current median sale per square foot for the city of Costa Mesa.

About 2641 Elden Ave

Detailed summary of property

2641 Elden Ave is a apartment that recently sold in Costa Mesa, CA 92627. This apartment offered 11 bedrooms, 4 bathrooms, roughly 3,738 living square feet, and sits on an approximately 19,809 square foot lot. 2641 Elden Ave was first listed on ArdentRealEstateGroup.com on November 27, 2023. The homeowner sold the property for $2,585,420. 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 106.5% higher than the current median priced home. Local homes that are currently for sale include 210 41st St, 208 41st St and 12702 Morningside Ave. While the average home in Costa Mesa, CA is selling in 29 days, 2641 Elden Ave has a days on market of 50 days. There are currently 117 homes for sale in the Costa Mesa real estate market and 88 of them are single family homes while 11 of them are condos and 18 are townhomes. For more information on this home for sale at 2641 Elden Ave 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 2641 Elden Ave

Public county record property details
Beds
--
Baths
--
Year built
1955
Sq. Ft.
3,738
Lot Size
15,524
Stories
1
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
21
APN
439-071-21

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.
$843
Median Sold Price
$1,500,000
Median Sold Price/Sq.Ft.
$788
Total Inventory
70
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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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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