Search
558 Joann St, Costa Mesa, CA 92627
Image 2 for 558 Joann St, Costa Mesa, CA 92627
Image 3 for 558 Joann St, Costa Mesa, CA 92627
View Photos

558 Joann St Costa Mesa, CA 92627

$2,225,000 Sold Price as of 11/16/2021
  • 13 Beds
  • 8 Baths
  • 5,962 Sq.Ft.
Sold
$2,225,000 Sold Price as of 11/16/2021 Refinance Your Mortgage
Map preview of 558 Joann St, Costa Mesa, CA 92627

Property Overview: 558 Joann St Costa Mesa, CA has 13 bedrooms, 8 bathrooms, 5,962 living square feet and 12,632 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 554 - 558 Joann Street is a 6-unit multifamily investment property located in Costa Mesa, one of the premier coastal housing markets in Southern California. 554 - 558 Joann Street contains an excellent unit mix of 2, 1 bed/1 bath units, 2, 2 bed/1 bath units, 1, 3 bed/1.5 bath unit, and 1, 4 bed/1.5 bath unit, which helps attract a diverse renter pool. Additionally, the property offers amenities including private patios and balconies, carport and uncovered parking, spacious gated front yards, and on-site laundry. Since 554 - 558 Joann Street sits on a large lot, a new owner has the potential to construct additional dwelling units to increase pro forma cash flow. 554 - 558 Joann Street has a fantastic Costa Mesa location, positioned minutes away from world famous beaches and shopping destinations as well as major employment hubs in nearby Newport Beach and Huntington Beach.

Listed by Kurt Hediger | BRE #01846649 | Marcus & Millichap RE Invest
Last checked: 6 minutes ago | Last updated: November 14th, 2023 | Source CRMLS | DOM: 115

Home details

Lot Sq. Ft
12,632
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
OC21128647
City
Costa Mesa
County
Orange
Time on Site
1068 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
  • # of Leased Units: 6
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,520
  • Total Rent: $2,520
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,490
  • Total Rent: $2,490
  • Pro Forma/Market Rent: $4,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,240
  • Total Rent: $1,240
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $3,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $96,600
  • Net Operating Income: $52,015
  • Gross Operating Income: $95,502
  • Vacancy Allowance: $2,898
  • Other Income 1: $1,800
  • Other Income Description: Miscellaneous
Annual Expense Breakdown
  • Total Operating Expense: $43,487
  • Electric: $1,751
  • Gas/Fuel: $1,751
  • New Taxes: $26,269
  • Trash: $1,751
  • Insurance: $2,325
  • Maintenance: $3,000
  • Professional Management: $0
  • Water/Sewer: $1,751
  • Other Expenses: $4,891
  • Other Expense Description: Misc

Property Details for 558 Joann St

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 11
Lot Information
  • Lot Features: Front Yard, Level with Street, Level
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 6
  • Parcel Number: 42216309
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Nearby Major Cross Streets: Wilson Street & Harbor Boulevard
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Costa Mesa Agent

Sale History for 558 Joann St

Last sold for $2,225,000 on November 16th, 2021

  • November, 2023

  • Nov 14, 2023

    Date

    Canceled

    CRMLS: OC23152301

    $3,150,000

    Price

  • Aug 15, 2023

    Date

    Active

    CRMLS: OC23152301

    $3,250,000

    Price

  • Listing provided courtesy of CRMLS

    The Joann Street Apartments is a six-unit apartment community located in the highly desirable submarket of Costa Mesa within the Greater Orange County area. The property offers an attractive unit mix consisting of (2) three-bedroom/ one-bathroom units, (2) two-bedroom/ one-bathroom units, and (2) one-bedroom/ one-bathroom units totaling 5,962 square feet, situated on over a quarter acre lot with views of the Costa Mesa Golf Course. The property has undergone recent renovations and upgrades of the interiors and exterior. Some upgrades include but are not limited to new windows, new kitchens, new appliances, new bathrooms, new fencing / gates, new laundry room and new flooring. Tenant amenities include large front yards, private patios, balconies with views of Golf Course, covered parking with ample storage space, and an on-site laundry room. Costa Mesa is one of Orange County’s hidden gems. Revered as “City of the Arts”, Costa Mesa is the destination of choice for more than 46 million visitors each year due to its many sites / events of interest, including: South Coast Plaza, Segerstrom Center for the Arts, and the annual OC County Fair. 554 - 558 Joann Street offers an investor the ability to capture tenants seeking an excellent coastal location with convenient access to a wide variety of retail amenities, dining experiences, and entertainment venues. This overall demand for a well-located apartment building will be a major driver in creating strong returns and future value appreciation at 554 - 558 Joann Street.

  • August, 2023

  • Aug 1, 2023

    Date

    Canceled

    CRMLS: OC23128590

    $2,595

    Price

  • Jul 13, 2023

    Date

    Active

    CRMLS: OC23128590

    $2,750

    Price

  • Listing provided courtesy of CRMLS

    Large 2 Bedroom 1 Bathroom. "Golf Course View". The apartment provides excellent privacy. Recently renovated. Located in a very desirable quiet residential area. Some amenities include Private parking, an on-site laundry facility, recessed lighting, ceiling fans, new kitchens, new bathrooms, stainless steel stove, a private patio, and large closets. Two parking spaces Plus storage in the parking area.

  • May, 2023

  • May 8, 2023

    Date

    Canceled

    CRMLS: OC23024916

    $3,295,000

    Price

  • Feb 13, 2023

    Date

    Active

    CRMLS: OC23024916

    $3,295,000

    Price

  • Listing provided courtesy of CRMLS

    The Joann Street Apartments is a six-unit apartment community located in the highly desirable submarket of Costa Mesa within the Greater Orange County area. The property offers an attractive unit mix consisting of (2) three-bedroom/ one-bathroom units, (2) two-bedroom/ one-bathroom units, and (2) one-bedroom/ one-bathroom units totaling 5,962 square feet, situated on over a quarter acre lot with views of the Costa Mesa Golf Course. The property has undergone recent renovations and upgrades of the interiors and exterior. Some upgrades include but are not limited to new windows, new kitchens, new appliances, new bathrooms, new fencing / gates, new laundry room and new flooring. Tenant amenities include large front yards, private patios, balconies with views of Golf Course, covered parking with ample storage space, and an on-site laundry room. Costa Mesa is one of Orange County’s hidden gems. Revered as “City of the Arts”, Costa Mesa is the destination of choice for more than 46 million visitors each year due to its many sites / events of interest, including: South Coast Plaza, Segerstrom Center for the Arts, and the annual OC County Fair. 554 - 558 Joann Street offers an investor the ability to capture tenants seeking an excellent coastal location with convenient access to a wide variety of retail amenities, dining experiences, and entertainment venues. This overall demand for a well-located apartment building will be a major driver in creating strong returns and future value appreciation at 554 - 558 Joann Street.

  • November, 2022

  • Nov 23, 2022

    Date

    Canceled

    CRMLS: OC22212852

    $3,295,000

    Price

  • Sep 30, 2022

    Date

    Active

    CRMLS: OC22212852

    $3,400,000

    Price

  • Listing provided courtesy of CRMLS

    The Joann Street Apartments is a six-unit apartment community located in the highly desirable submarket of Costa Mesa within the Greater Orange County area. The property offers an attractive unit mix consisting of (2) three-bedroom/ one-bathroom units, (2) two-bedroom/ one-bathroom units, and (2) one-bedroom/ one-bathroom units totaling 5,962 square feet, situated on over a quarter acre lot with views of the Costa Mesa Golf Course. The property has undergone recent renovations and upgrades of the interiors and exterior. Some upgrades include but are not limited to new windows, new kitchens, new appliances, new bathrooms, new fencing / gates, new laundry room and new flooring. Tenant amenities include large front yards, private patios, balconies with views of Golf Course, covered parking with ample storage space, and an on-site laundry room. Costa Mesa is one of Orange County’s hidden gems. Revered as “City of the Arts”, Costa Mesa is the destination of choice for more than 46 million visitors each year due to its many sites / events of interest, including: South Coast Plaza, Segerstrom Center for the Arts, and the annual OC County Fair. 554 - 558 Joann Street offers an investor the ability to capture tenants seeking an excellent coastal location with convenient access to a wide variety of retail amenities, dining experiences, and entertainment venues. This overall demand for a well-located apartment building will be a major driver in creating strong returns and future value appreciation at 554 - 558 Joann Street.

  • September, 2021

  • Sep 1, 2021

    Date

    Active Under Contract

    CRMLS: OC21128647

    $2,495,000

    Price

  • Aug 12, 2021

    Date

    Active

    CRMLS: OC21128647

    $2,495,000

    Price

  • Aug 5, 2021

    Date

    Active Under Contract

    CRMLS: OC21128647

    $2,495,000

    Price

  • Jul 20, 2021

    Date

    Price Change

    CRMLS: OC21128647

    $2,495,000

    Price

  • Jun 14, 2021

    Date

    Active

    CRMLS: OC21128647

    $2,595,000

    Price

  • June, 2000

  • Jun 12, 2000

    Date

    Sold (Public Records)

    Public Records

    $450,000

    Price

  • August, 1997

  • Aug 22, 1997

    Date

    Sold (Public Records)

    Public Records

    $330,000

    Price

Show More

Tax History for 558 Joann St

Assessed Value (2020): $614,956
Year Land Value Improved Value Assessed Value
2020 $350,525 $264,431 $614,956

Home Value Compared to the Market

This property vs the competition

558 Joann St sold on November 16, 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 $418.48 per/sqft which puts the price per square foot 46.55% lower than the current median sale per square foot for the city of Costa Mesa.

About 558 Joann St

Detailed summary of property

558 Joann St is a multi family that recently sold in Costa Mesa, CA 92627. This multi family property offered 13 bedrooms, 8 bathrooms, roughly 5,962 living square feet, and sits on an approximately 12,632 square foot lot. 558 Joann St was first listed on ArdentRealEstateGroup.com on June 14, 2021. The homeowner sold the property for $2,225,000. 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 210 41st St, 208 41st St and 218 Indianapolis Ave. While the average home in Costa Mesa, CA is selling in 32 days, 558 Joann St has a days on market of 115 days. There are currently 116 homes for sale in the Costa Mesa real estate market and 92 of them are single family homes while 8 of them are condos and 16 are townhomes. For more information on this home for sale at 558 Joann 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 558 Joann St

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
5,962
Lot Size
12,734
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
--
APN
422-163-09

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
$1,495,000
Median List Price/Sq.Ft.
$869
Median Sold Price
$1,500,000
Median Sold Price/Sq.Ft.
$788
Total Inventory
66
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?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 558 Joann St

Nearby Homes for Sale

2097 Wallace Ave, Costa Mesa, CA 92627
$1,850,000
6 Beds
3 Baths
2344 Sq.Ft.
2097 Wallace Ave
Costa Mesa, CA 92627
1924 Maple Ave, Costa Mesa, CA 92627
$2,150,000
7 Beds
6 Baths
3605 Sq.Ft.
1924 Maple Ave
Costa Mesa, CA 92627
1947 Fullerton Ave, Costa Mesa, CA 92627
$2,395,000
6 Beds
4 Baths
2496 Sq.Ft.
1947 Fullerton Ave
Costa Mesa, CA 92627
734 Center St, Costa Mesa, CA 92627
$2,295,000
7 Beds
5 Baths
2432 Sq.Ft.
734 Center St
Costa Mesa, CA 92627
Open Sun 1pm-4pm
734 Center St, Costa Mesa, CA 92627
$2,295,000
7 Beds
5 Baths
2432 Sq.Ft.
734 Center St
Costa Mesa, CA 92627
150 Cecil Pl, Costa Mesa, CA 92627
$2,165,000
4 Beds
3 Baths
2280 Sq.Ft.
150 Cecil Pl
Costa Mesa, CA 92627
222 Costa Mesa St, Costa Mesa, CA 92627
$2,300,000
5 Beds
4 Baths
2941 Sq.Ft.
222 Costa Mesa St
Costa Mesa, CA 92627
222 Costa Mesa St, Costa Mesa, CA 92627
$2,300,000
5 Beds
3 Baths
2941 Sq.Ft.
222 Costa Mesa St
Costa Mesa, CA 92627
233 Costa Mesa St, Costa Mesa, CA 92627
$2,200,000
6 Beds
3 Baths
2160 Sq.Ft.
233 Costa Mesa St
Costa Mesa, CA 92627
280 E 16th St., Costa Mesa, CA 92627
$2,550,000
6 Beds
4 Baths
3134 Sq.Ft.
280 E 16th St.
Costa Mesa, CA 92627
282 E 16th St, Costa Mesa, CA 92627
$2,250,000
4 Beds
2 Baths
2000 Sq.Ft.
282 E 16th St
Costa Mesa, CA 92627
186 Del Mar Ave, Costa Mesa, CA 92627
$2,190,000
5 Beds
3 Baths
2597 Sq.Ft.
186 Del Mar Ave
Costa Mesa, CA 92627

Recently Sold Homes Near 558 Joann St

574 Joann St, Costa Mesa, CA 92627
$2,980,000 Last Sold Price
128 Beds
64 Baths
6354 Sq.Ft.
574 Joann St
Costa Mesa, CA 92627
2285 Miner St, Costa Mesa, CA 92627
$1,070,000 Last Sold Price
5 Beds
4 Baths
2981 Sq.Ft.
2285 Miner St
Costa Mesa, CA 92627
562 Joann St, Costa Mesa, CA 92627
$1,080,000 Last Sold Price
6 Beds
4 Baths
0 Sq.Ft.
562 Joann St
Costa Mesa, CA 92627
2221 Maple St, Costa Mesa, CA 92627
$820,000 Last Sold Price
4 Beds
2 Baths
2176 Sq.Ft.
2221 Maple St
Costa Mesa, CA 92627

Related Resources to 558 Joann St

New Listings in 92627
Popular Zip Codes
Popular Cities
Other Costa Mesa Resources

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.

Refi Quote