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318 Ogle St, Costa Mesa, CA 92627
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318 Ogle St Costa Mesa, CA 92627

$2,880,000 Sold Price as of 06/14/2021
  • 10 Beds
  • 5 Baths
  • 3,500 Sq.Ft.
Sold
$2,880,000 Sold Price as of 06/14/2021 Refinance Your Mortgage
Map preview of 318 Ogle St, Costa Mesa, CA 92627

Property Overview: 318 Ogle St Costa Mesa, CA has 10 bedrooms, 5 bathrooms, 3,500 living square feet and 15,189 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Eastside Costa Mesa Multi-Family Property for sale located at 318 Ogle on the ocean side of 17th St. Bordering Newport Beach, the property includes 5 individual 2 bedroom 1 bathroom homes that have single car garages and private backyards. Each unit is a free-standing home with no attached walls. 318 Ogle is a great opportunity for a developer looking for the next centrally located project. The property is zoned R2 medium density, situated on a 15,189 square foot lot (.35 Acre), with one of the best multifamily locations on the Coast. 318 Ogle St borders the coveted neighborhood of Newport Heights and it is prime for a value add or redevelopment project. The location has a high walkability score as it is within walking distance to Newport Heights Elementary School or a short bike ride to Ensign Middle School and Newport Harbor High. The proximity to 17th Street allows residents access to wonderful shopping and restaurants. The seller is selling the property as is with all the leases in place. All leases are month to month.

Listed by Arthur Dorr | BRE #01899740 | Balboa Realty
Co-listed by Alex Batley | BRE #01897014 | Balboa Realty
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
15,189
HOA Dues
$0/mo
Year built
1959
Garage
5 Car
Property Type:
Multi Family
Status
Sold
MLS#
NP21067078
City
Costa Mesa
County
Orange
Time on Site
1130 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 5
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # 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: $1,775
  • Total Rent: $1,775
  • Pro Forma/Market Rent: $2,995
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $2,995
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,395
  • Total Rent: $2,395
  • Pro Forma/Market Rent: $2,995
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $2,995
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $2,995
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $108,240
  • Net Operating Income: $100,600
  • Gross Operating Income: $108,240
Annual Expense Breakdown
  • Total Operating Expense: $7,640
  • New Taxes: $27,500
  • Trash: $600
  • Gardener: $840
  • Insurance: $3,000
  • Professional Management: $0
  • Water/Sewer: $3,000

Property Details for 318 Ogle St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • In Garage, Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • All Bedrooms Down
Interior Features
  • Ceiling Fan(s)
  • Levels: One
  • Security Features: Carbon Monoxide Detector(s)
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: 10
  • Has Parking
  • Parking Features: Direct Garage Access, Driveway, Driveway Level, Garage, On Site
Lot Information
  • Lot Features: Lot 10000-19999 Sqft, Rectangular Lot, Park Nearby, Walkstreet, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 5
  • Parcel Number: 42521314
  • Year Built Source: Assessor
  • Property is not Attached
  • Property Condition: Fixer
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Available, Natural Gas Available, Water Available
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: N/A
  • Directions: On Ogle St. in between Santa Ana Ave. and Tustin on the Ocean side of 17th St.
Neighborhood Information
  • Community Features: Biking, Curbs, Park, Sidewalks, Street Lights, Urban
View more facts & features

Local Costa Mesa Agent

Sale History for 318 Ogle St

Last sold for $2,880,000 on June 14th, 2021

  • June, 2021

  • Jun 14, 2021

    Date

    Sold

    CRMLS: NP21067078

    $2,880,000

    Price

  • Apr 29, 2021

    Date

    Pending

    CRMLS: NP21067078

    $2,495,000

    Price

  • Apr 12, 2021

    Date

    Active Under Contract

    CRMLS: NP21067078

    $2,495,000

    Price

  • Apr 1, 2021

    Date

    Active

    CRMLS: NP21067078

    $2,495,000

    Price

  • April, 1996

  • Apr 19, 1996

    Date

    Sold (Public Records)

    Public Records

    $430,000

    Price

  • April, 1996

  • Apr 19, 1996

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 318 Ogle St

Assessed Value (2020): $653,175
Year Land Value Improved Value Assessed Value
2020 $448,467 $204,708 $653,175

Home Value Compared to the Market

This property vs the competition

318 Ogle St sold on June 14, 2021 for 82.12% 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 $712.86 per/sqft which puts the price per square foot 8.96% lower than the current median sale per square foot for the city of Costa Mesa.

About 318 Ogle St

Detailed summary of property

318 Ogle St is a multi family that recently sold in Costa Mesa, CA 92627. This multi family property offered 10 bedrooms, 5 bathrooms, roughly 3,500 living square feet, and sits on an approximately 15,189 square foot lot. 318 Ogle St was first listed on ArdentRealEstateGroup.com on April 1, 2021. The homeowner sold the property for $2,880,000. 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 82.12% higher than the current median priced home. Local homes that are currently for sale include 205 19th St, 201 19th St and 16172 Malaga Ln. While the average home in Costa Mesa, CA is selling in 29 days, 318 Ogle St has a days on market of 8 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 318 Ogle St 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 318 Ogle St

Public county record property details
Beds
2
Baths
1
Year built
1959
Sq. Ft.
800
Lot Size
15,189
Stories
1
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
75
APN
425-213-14

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%)

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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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