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365 Walnut St, Costa Mesa, CA 92627
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365 Walnut St Costa Mesa, CA 92627

$1,675,000 Sold Price as of 08/17/2019
  • 8 Beds
  • 3 Baths
  • 2,545 Sq.Ft.
Sold
$1,675,000 Sold Price as of 08/17/2019 Refinance Your Mortgage
Map preview of 365 Walnut St, Costa Mesa, CA 92627

Property Overview: 365 Walnut St Costa Mesa, CA has 8 bedrooms, 3 bathrooms, 2,545 living square feet and 7,405 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Extraordinary opportunity to own 3 detached homes on one oversized lot in a premier East Side location. Each home is turn key offering wood grain porcelain tile, updated white cabinetry, Quartz countertops, individual laundry, recessed lighting and dual pane vinyl windows. Pride of ownership is reflected in all elements of the structures and landscaping including newer concrete driveway, rain gutters and drains, exterior paint, fences and roofing. The front home 365 Walnut is a 3 bedroom with a carport and huge fenced in front yard. 367 Walnut is a 2 bedroom with a carport and private courtyard. 369 Walnut is a 3 bedroom with a single car attached garage and large rear yard. Each unit is independently metered with separate water heaters. This is an incredible investment opportunity rarely found on the East Side with low maintenance and a strong Cap Rate. Don’t miss this one!

Listed by Brian Wollner | BRE #01889264 | Coldwell Banker Res Brokerage
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 19

Home details

Lot Sq. Ft
7,405
HOA Dues
$0/mo
Year built
1954
Garage
1 Car
Property Type:
Triplex
Status
Sold
MLS#
OC19149542
City
Costa Mesa
County
Orange
Time on Site
1384 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,200
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.6%
  • Gross Rent Multiplier: 16.2
  • Gross Scheduled Income: $108,000
  • Net Operating Income: $81,290
  • Gross Operating Income: --
  • Vacancy Allowance: $2,160
Annual Expense Breakdown
  • Total Operating Expense: $26,710
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $19,250
  • Trash: $0
  • Gardener: $1,800
  • Insurance: $2,000
  • Water/Sewer: $0
  • Other Expenses: $1,500
  • Other Expense Description: Repairs

Property Details for 365 Walnut St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central, Forced Air
Laundry Information
  • Has Laundry
  • In Kitchen, Inside
Room Information
  • Flooring: Carpet, Tile
  • All Bedrooms Down, Family Room, Laundry, Main Floor Bedroom, Main Floor Master Bedroom
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Gas Range, Water Heater
Interior Features
  • Track Lighting, Unfurnished
  • Levels: One
  • Window Features: Blinds, Double Pane Windows, Screens, Shutters
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • Rain Gutters
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Attached Carport, Covered, Concrete, Garage
Lot Information
  • Lot Features: Back Yard, Front Yard, Lot 6500-9999, Sprinkler System
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 42630204
  • Year Built Source: Assessor
  • Property is not Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Other
  • Directions: Tustin to Walnut
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Storm Drains, Suburban
View more facts & features

Local Costa Mesa Agent

Sale History for 365 Walnut St

Last leased for $3,500 on October 17th, 2021

  • October, 2021

  • Oct 29, 2021

    Date

    Leased

    CRMLS: PW21221053

    $3,500

    Price

  • Oct 5, 2021

    Date

    Active

    CRMLS: PW21221053

    $3,400

    Price

  • Listing provided courtesy of CRMLS

    Bright and lovely single level Gem in East Side of Costa Mesa that is absolutely stunning! No sharing walls and well upgraded throughout the house! Living room with lots of windows for natural light & view of the green lawn. Upgraded kitchen with newer cabinets, Quartz counter tops and Stainless steel appliances - gas range, dishwasher, microwave & refrigerator. Newer heating and air system which is rare in the area - especially this close to the ocean. tile flooring in living, kitchen and dining room and carpet in all 3 beds. Large individual fenced front yard with beautiful wood fencing. There is also a back yard with a covered carport & a patio. Must see to appreciate! Newer washer, dryer & refrigerator included without warranty.

  • September, 2020

  • Sep 26, 2020

    Date

    Leased

    CRMLS: PW20191850

    $3,200

    Price

  • Sep 15, 2020

    Date

    Active

    CRMLS: PW20191850

    $3,200

    Price

  • Listing provided courtesy of CRMLS

    Bright and lovely single level Gem in East Side of Costa Mesa that is absolutely stunning! No sharing walls and well upgraded throughout the house! Living room with lots of windows for natural light & view of the green lawn. Upgraded kitchen with newer cabinets, Quartz counter tops and Stainless steel appliances - gas range, dishwasher, microwave & refrigerator. Newer heating and air system which is rare in the area - especially this close to the ocean. tile flooring in living, kitchen and dining room and carpet in all 3 beds. Large individual fenced front yard with beautiful wood fencing. There is also a back yard with a covered carport & a patio. Must see to appreciate! Newer washer, dryer & refrigerator included.

  • July, 2020

  • Jul 16, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 2019

  • Dec 2, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2019

  • Aug 18, 2019

    Date

    Sold

    CRMLS: OC19149543

    $1,675,000

    Price

  • Jul 8, 2019

    Date

    Active Under Contract

    CRMLS: OC19149543

    $1,750,000

    Price

  • Jun 29, 2019

    Date

    Active

    CRMLS: OC19149543

    $1,750,000

    Price

  • Listing provided courtesy of CRMLS

    Extraordinary opportunity to own 3 detached homes on one oversized lot in a premier East Side location. Each home is turn key offering wood grain porcelain tile, updated white cabinetry, Quartz countertops, individual laundry, recessed lighting and dual pane vinyl windows. Pride of ownership is reflected in all elements of the structures and landscaping including newer concrete driveway, rain gutters and drains, exterior paint, fences and roofing. The front home 365 Walnut is a 3 bedroom with a carport and huge fenced in front yard. 367 Walnut is a 2 bedroom with a carport and private courtyard. 369 Walnut is a 3 bedroom with a single car attached garage and large rear yard. Each unit is independently metered with separate water heaters. Total Gross Income is $108,000 pro forma, Net Operating Income $81,290. This is an incredible investment opportunity rarely found on the East Side with low maintenance and a strong Cap Rate. Don’t miss this one!

  • August, 2019

  • Aug 18, 2019

    Date

    Sold

    CRMLS: OC19149542

    $1,675,000

    Price

  • Jul 8, 2019

    Date

    Active Under Contract

    CRMLS: OC19149542

    $1,750,000

    Price

  • Jun 28, 2019

    Date

    Active

    CRMLS: OC19149542

    $1,750,000

    Price

  • July, 2019

  • Jul 27, 2019

    Date

    Leased

    CRMLS: OC19086127

    $2,995

    Price

  • Jul 18, 2019

    Date

    Pending

    CRMLS: OC19086127

    $2,995

    Price

  • Jul 13, 2019

    Date

    Hold

    CRMLS: OC19086127

    $2,995

    Price

  • May 16, 2019

    Date

    Price Change

    CRMLS: OC19086127

    $2,995

    Price

  • Apr 19, 2019

    Date

    Active

    CRMLS: OC19086127

    $3,050

    Price

  • Listing provided courtesy of CRMLS

    Hard to find single level home in Eastside Costa Mesa! Updated 3 bedroom 1 bath detached home. Newer wood laminate flooring in the living room, dining and kitchen. Upgraded carpet in the bedrooms. The home features an updated kitchen with newer cabinets, quartz counter tops, beautiful backsplash and stainless steel appliances - gas range, dishwasher, and microwave. The rooms have a lot of windows for natural light. This home is one of the few that has central air conditioning. Comes with stackable washer and dryer. Large front yard and a backyard with patio and carport. This is a really cute home and no common walls. A great place to live! Close to Triangle Square, the Back Bay, shops, etc.

  • June, 2018

  • Jun 22, 2018

    Date

    Leased

    CRMLS: OC18093253

    $2,995

    Price

  • May 11, 2018

    Date

    Price Change

    CRMLS: OC18093253

    $2,995

    Price

  • Apr 23, 2018

    Date

    Active

    CRMLS: OC18093253

    $3,100

    Price

  • Listing provided courtesy of CRMLS

    If you are looking for a great home, we have a 3 bedroom 1 bath Gem in East Side of Costa Mesa that is absolutely stunning! Recently upgraded! Enter the large living room with lots of windows for natural light. Recently new, upgraded kitchen cabinets with quartz counter tops. Beautiful back splash and high end fixtures. Stainless steel appliances - gas range, dishwasher, microwave. Area for dining. Wood look flooring in the living areas and newer carpet in the bedrooms. Newer neutral colored walls. This home is like new. Three bedrooms large enough for a queen size bed, dresser, chair, etc. Newer washer and dryer provided and are available inside the home. Newer heating and air system which is seldom found in Costa Mesa - especially this close to the ocean. Large, wrap-around individual fenced front yard with beautiful wood fencing. There is also a back yard with a covered patio and carport. Private fencing between the other homes on this lot. Must see to appreciate!

Show More

Tax History for 365 Walnut St

Assessed Value (2020): $1,675,000
Year Land Value Improved Value Assessed Value
2020 $1,581,734 $93,266 $1,675,000

Home Value Compared to the Market

This property vs the competition

365 Walnut St sold on August 17, 2019 for 27.74% 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 $687.62 per/sqft which puts the price per square foot 12.18% lower than the current median sale per square foot for the city of Costa Mesa.

About 365 Walnut St

Detailed summary of property

365 Walnut St is a triplex that recently sold in Costa Mesa, CA 92627. This triplex offered 8 bedrooms, 3 bathrooms, roughly 2,545 living square feet, and sits on an approximately 7,405 square foot lot. 365 Walnut St was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $1,675,000. 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 27.74% higher than the current median priced home. Local homes that are currently for sale include 915 W Maple Ave, 4981 Pearce Dr and 2066 S Haster St. While the average home in Costa Mesa, CA is selling in 29 days, 365 Walnut St has a days on market of 19 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 365 Walnut 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 365 Walnut St

Public county record property details
Beds
3
Baths
1
Year built
1954
Sq. Ft.
1,190
Lot Size
9,454
Stories
1
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
14
APN
426-302-04

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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(714) 706-1823

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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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