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700 W 20Th St, Costa Mesa, CA 92627
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700 W 20Th St Costa Mesa, CA 92627

$1,375,000 Sold Price as of 07/02/2019
  • 6 Beds
  • 4 Baths
  • 2,400 Sq.Ft.
Sold
$1,375,000 Sold Price as of 07/02/2019 Refinance Your Mortgage
Map preview of 700 W 20Th St, Costa Mesa, CA 92627

Property Overview: 700 W 20Th St Costa Mesa, CA has 6 bedrooms, 4 bathrooms, 2,400 living square feet and 7,841 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This high income producing building is fortuitously located in both the Mesa West Residential Ownership Urban Plan and a designated Opportunity Zone, per the Tax Cuts and Jobs Act of 2017. The prudent investor will be able to leverage this unique opportunity while receiving an in-place cap rate of over 5%! There are three 2 bedroom / 1 bathroom units that are each separately metered for gas and electric. The units feature updated bathrooms and kitchens and amenities such as vaulted ceilings, tile floors and in-unit washer and dryers. For parking, there are 3 single car garages plus additional spots in the gated driveway. Also included is a detached studio unit and storage sheds that could generate additional income. Driving by, you’d never know what’s behind the mature vegetation throughout that creates shade and privacy for residents. Each unit feels like a detached home with a large, private outdoor space akin to a secret garden. All units are month-to-month, except for one that will be rolling to MTM on 4/1/2019. Current gross scheduled income is over $97,000 and could conservatively top $100,000 annually pro forma.

Listed by Christian Walsh | BRE #01804983 | Coldwell Banker Res. Brokerage
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 56

Home details

Lot Sq. Ft
7,841
HOA Dues
$0/mo
Year built
1958
Garage
3 Car
Property Type:
Triplex
Status
Sold
MLS#
PW19062559
City
Costa Mesa
County
Orange
Time on Site
1443 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # 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: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $2,300
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $97,200
  • Net Operating Income: $75,300
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $21,800
  • Electric: $1,994
  • Gas/Fuel: $665
  • New Taxes: $14,449
  • Trash: $811
  • Gardener: $1,200
  • Insurance: $1,215
  • Water/Sewer: $1,466

Virtual Tour

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Property Details for 700 W 20Th St

Interior Features
Laundry Information
  • Has Laundry
  • In Kitchen
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Driveway, Garage, Gated
Lot Information
  • Lot Features: Back Yard
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 42225108
  • Year Built Source: Assessor
  • Property is 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
  • Subdivision Name: Westside Costa Mesa Central (WCMC)
  • Directions: Cross streets are 20th and Pomona
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Costa Mesa Agent

Sale History for 700 W 20Th St

Last sold for $1,375,000 on July 2nd, 2019

  • July, 2019

  • Jul 2, 2019

    Date

    Sold

    CRMLS: PW19062559

    $1,375,000

    Price

  • May 31, 2019

    Date

    Pending

    CRMLS: PW19062559

    $1,375,000

    Price

  • May 21, 2019

    Date

    Active Under Contract

    CRMLS: PW19062559

    $1,375,000

    Price

  • May 2, 2019

    Date

    Active

    CRMLS: PW19062559

    $1,375,000

    Price

  • Apr 16, 2019

    Date

    Active Under Contract

    CRMLS: PW19062559

    $1,375,000

    Price

  • Mar 21, 2019

    Date

    Active

    CRMLS: PW19062559

    $1,375,000

    Price

  • July, 2019

  • Jul 1, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,375,000

    Price

  • April, 2005

  • Apr 11, 2005

    Date

    Sold (Public Records)

    Public Records

    $750,000

    Price

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Tax History for 700 W 20Th St

Assessed Value (2020): $934,842
Year Land Value Improved Value Assessed Value
2020 $841,358 $93,484 $934,842

Home Value Compared to the Market

This property vs the competition

700 W 20Th St sold on July 2, 2019 for 1.1% higher than the current median sold price for the city of Costa Mesa which is $1,360,000. The median sold price per/sqft for Costa Mesa is $824 and this home is sold at $572.92 per/sqft which puts the price per square foot 30.47% lower than the current median sale per square foot for the city of Costa Mesa.

About 700 W 20Th St

Detailed summary of property

700 W 20Th St is a triplex that recently sold in Costa Mesa, CA 92627. This triplex offered 6 bedrooms, 4 bathrooms, roughly 2,400 living square feet, and sits on an approximately 7,841 square foot lot. 700 W 20Th St was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $1,375,000. Home in Costa Mesa are selling for a median price of $1,360,000 and a median price per square foot of $824. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is sold 1.1% higher than the current median priced home. Local homes that are currently for sale include 7020 Schroll St, 720 Coronado Ave and 4134 E Jacinto Way. While the average home in Costa Mesa, CA is selling in 36 days, 700 W 20Th St has a days on market of 56 days. There are currently 135 homes for sale in the Costa Mesa real estate market and 100 of them are single family homes while 16 of them are condos and 19 are townhomes. For more information on this home for sale at 700 W 20Th 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 700 W 20Th St

Public county record property details
Beds
--
Baths
--
Year built
1960
Sq. Ft.
2,400
Lot Size
7,469
Stories
1
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
39
APN
422-251-08

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
$1,488,000
Median List Price/Sq.Ft.
$828
Median Sold Price
$1,325,000
Median Sold Price/Sq.Ft.
$921
Total Inventory
71
Median Sale to List Price %
98.22%
Avg Days on Market
19
Loan Type
Conventional (54.55%), FHA (0%), VA (0%), Cash (36.36%), Other (9.09%)

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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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