377 Victoria St #A, Costa Mesa, CA 92627
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377 Victoria St #A Costa Mesa, CA 92627

$1,100,000
  • 3 Beds
  • 2 Baths
  • 1,526 Sq.Ft.
For Sale
$1,100,000 Get Pre-Qualified

Map preview of 377 Victoria St #A, Costa Mesa, CA 92627

Property Overview: 377 Victoria St #A Costa Mesa, CA has 3 bedrooms, 2 bathrooms, 1,526 living square feet and 6,098 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: 377 Victoria Street is a 2-unit multifamily investment property located in Costa Mesa, California. The property features a two-bedroom cottage in the front and a one-bedroom cottage in the rear. Each unit features a spacious private yard, a highly desirable feature for Costa Mesa renters. Additionally, the property offers ample privacy and parking, with a spacious driveway and 2 carport spaces. Residents benefit from 377 Victoria Street’s excellent Costa Mesa location, within walking distance of a plethora of major retail centers. Located just steps away from the property are Gray Plaza, anchored by At Home, and Harbor Center, anchored by Home Depot and the newly opened Mercado Gonzalez Northgate Market. Additionally, the property is situated just over one-mile from Orange Coast College (OCC) and the O.C. Fair & Event Center, two major housing and economic drivers for the area. Furthermore, the property’s location, between Harbor Boulevard and State Route 55, provides residents with easy access to Costa Mesa hotspots including Triangle Square, 17th Street, and South Coast Plaza. The property benefits from its close proximity to State Routes 55 and 73, convenient access to major employment hubs including the South Coast Metro, Irvine Business District, and Newport Center. Given its Coastal Orange County location, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of area amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 377 Victoria Street.

Listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest
Last checked: 10 minutes ago | Last updated: September 3rd, 2024 | Source CRMLS | DOM: 62

Home details

Lot Sq. Ft
6,098
HOA Dues
$0/mo
Year built
1947
Garage
--
Property Type:
Duplex
Status
Active
MLS#
OC24144836
City
Costa Mesa
County
Orange
Time on Site
62 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,820
  • Total Rent: $1,820
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,025
  • Total Rent: $2,025
  • Pro Forma/Market Rent: $2,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 2.4%
  • Gross Rent Multiplier: 23.84
  • Gross Scheduled Income: $46,140
  • Net Operating Income: $26,415
  • Gross Operating Income: $44,756
  • Vacancy Allowance: $1,384
Annual Expense Breakdown
  • Total Operating Expense: $18,341
  • Electric: $220
  • Gas/Fuel: $220
  • New Taxes: $11,531
  • Trash: $220
  • Insurance: $2,185
  • Maintenance: $1,175
  • Water/Sewer: $220
  • Other Expenses: $2,570
  • Other Expense Description: Misc

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Property Details for 377 Victoria St #A

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 41917206
  • 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
  • Directions: Cross Streets of Victoria Street & College Avenue
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks
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Sale History for 377 Victoria St #A

View property's historical transactions
  • July, 2024

  • Jul 15, 2024

    Date

    Active

    CRMLS: OC24144836

    $1,100,000

    Price

Tax History for 377 Victoria St #A

Assessed Value (2020): $108,753
Year Land Value Improved Value Assessed Value
2020 $26,252 $82,501 $108,753

Home Value Compared to the Market

This property vs the competition

377 Victoria St #A is listed 26.67% lower than the median list price for the city of Costa Mesa which has a median list price of $1,500,000. The median price per/sqft for Costa Mesa is $794 and this home is listed at $720.84 per/sqft which puts the price per square foot 9.21% lower than the median price per square foot for the city of Costa Mesa.

About 377 Victoria St #A

Detailed summary of property

377 Victoria St #A is a duplex located in Costa Mesa, CA 92627 and is currently for sale. This duplex offers 3 bedrooms, 2 bathrooms, roughly 1,526 living square feet, and sits on an approximately 6,098 square foot lot. 377 Victoria St #A was first listed on ArdentRealEstateGroup.com on July 15, 2024. The homeowner is currently asking $1,100,000. The median priced home in Costa Mesa is $1,500,000 with a median price per square foot of $794. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is listed 26.67% lower than the median priced home. Local competing homes currently for sale include 127 E Union Ave, 8231 9th St and 7502 Melrose St. While the average home in Costa Mesa, CA is selling in 41 days, 377 Victoria St #A has a days on market of 62 days. There are currently 147 homes for sale in the Costa Mesa real estate market and 107 of them are single family homes while 23 of them are condos and 17 are townhomes. For more information on this home for sale at 377 Victoria St #A 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 377 Victoria St #A

Public county record property details
Beds
1
Baths
1
Year built
1947
Sq. Ft.
480
Lot Size
6,280
Stories
1
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
18
APN
419-172-06

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
$1,420,000
Median List Price/Sq.Ft.
$825
Median Sold Price
$1,070,000
Median Sold Price/Sq.Ft.
$855
Total Inventory
84
Median Sale to List Price %
99.17%
Avg Days on Market
20
Loan Type
Conventional (66.67%), FHA (0%), VA (0%), Cash (5.56%), Other (22.22%)

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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.