2976 Royal Palm Dr, Costa Mesa, CA 92626
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2976 Royal Palm Dr Costa Mesa, CA 92626

$1,995,000
  • 8 Beds
  • 4 Baths
  • 7,350 Sq.Ft.
For Sale
$1,995,000 Get Pre-Qualified

Map preview of 2976 Royal Palm Dr, Costa Mesa, CA 92626

Property Overview: 2976 Royal Palm Dr Costa Mesa, CA has 8 bedrooms, 4 bathrooms, 7,350 living square feet and 7,405 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: Our firm is pleased to present this Mesa Verde 4 - Plex, first time on the market in over 40 years. This property has been cared for and is clean and ready to sell. It has many newer items such as: a roof which replaced in October 2017, SB 721 compliant in February 2022, and three new electrical sub panels April 2024. This building has been very stable and has stackable washer /dryer hookups, single car garages with parking behind. Nice clean area with close access to both the 405 Freeway and 55 freeway, shopping and bus access.

Listed by Laura Henshall | BRE #01091181 | CFG Investments
Last checked: 7 minutes ago | Last updated: April 25th, 2024 | Source CRMLS | DOM: 22
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Home details

Lot Sq. Ft
7,405
HOA Dues
$0/mo
Year built
1960
Garage
4 Car
Property Type:
Fourplex
Status
Active
MLS#
OC24068670
City
Costa Mesa
County
Orange
Time on Site
23 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 0
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,275
  • Total Rent: $2,275
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,845
  • Total Rent: $1,845
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,025
  • Total Rent: $2,025
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,005
  • Total Rent: $2,005
  • Pro Forma/Market Rent: $2,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $97,800
  • Net Operating Income: $99,999,999
  • Gross Operating Income: --
  • # of Rented Garages: 0
  • Laundry Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $9,999,999
  • Electric: $0
  • Gas/Fuel: $0
  • Furniture Replacement: $0
  • Trash: $0
  • Cable TV: $0
  • Gardener: $2,000
  • Insurance: $4,105
  • Professional Management: $6,986
  • Water/Sewer: $1,723

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Property Details for 2976 Royal Palm Dr

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Stackable
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Landscaped
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 13920309
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Mesa Verde Residential Income (MVRI)
  • Directions: main streets are Baker at Royal Palm Dr.
Neighborhood Information
  • Community Features: Suburban
View more facts & features

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Sale History for 2976 Royal Palm Dr

Last sold on April 9th, 2003
  • April, 2024

  • Apr 7, 2024

    Date

    Active

    CRMLS: OC24068670

    $2,055,000

    Price

  • April, 2003

  • Apr 9, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 2976 Royal Palm Dr

Assessed Value (2020): $100,791
Year Land Value Improved Value Assessed Value
2020 $34,269 $66,522 $100,791

Home Value Compared to the Market

This property vs the competition

2976 Royal Palm Dr is listed 43.63% higher than the median list price for the city of Costa Mesa which has a median list price of $1,389,000. The median price per/sqft for Costa Mesa is $811 and this home is listed at $271.43 per/sqft which puts the price per square foot 66.53% lower than the median price per square foot for the city of Costa Mesa.

About 2976 Royal Palm Dr

Detailed summary of property

2976 Royal Palm Dr is a fourplex located in Costa Mesa, CA 92626 and is currently for sale. This fourplex offers 8 bedrooms, 4 bathrooms, roughly 7,350 living square feet, and sits on an approximately 7,405 square foot lot. 2976 Royal Palm Dr was first listed on ArdentRealEstateGroup.com on April 7, 2024. The homeowner is currently asking $1,995,000 and was originally asking $2,055,000. The median priced home in Costa Mesa is $1,389,000 with a median price per square foot of $811. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is listed 43.63% higher than the median priced home. Local competing homes currently for sale include 246 Walnut St, 233 Costa Mesa St and 251 Costa Mesa St. While the average home in Costa Mesa, CA is selling in 28 days, 2976 Royal Palm Dr has a days on market of 22 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 2976 Royal Palm Dr Costa Mesa, CA 92626 contact Ardent Real Estate Group and we will put you in touch with one of our Costa Mesa agents.

Public Facts for 2976 Royal Palm Dr

Public county record property details
Beds
--
Baths
--
Year built
1960
Sq. Ft.
3,550
Lot Size
7,526
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
29
APN
139-203-09

The source for these homes facts are from public records.

92626 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,385,000
Median List Price/Sq.Ft.
$763
Median Sold Price
$1,352,000
Median Sold Price/Sq.Ft.
$714
Total Inventory
47
Median Sale to List Price %
104.08%
Avg Days on Market
14
Loan Type
Conventional (36.36%), FHA (0%), VA (0%), Cash (40.91%), Other (22.73%)

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Related Resources to 2976 Royal Palm Dr

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.