735 Joann St Costa Mesa, CA 92627

$8,380,000 Sold Price as of 11/15/2018

-- Beds
-- Baths
23,403 Sq.Ft.

Off Market

$8,380,000 Sold Price as of 11/15/2018 Refinance Your Mortgage

Property Overview: 735 Joann St Costa Mesa, CA has -- bedrooms, -- bathrooms, 23,403 living square feet and 38,647 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

735 Joann St is currently an off market home in the city of Costa Mesa. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Costa Mesa has a median list price of $1,495,000. The median price per/sqft for Costa Mesa is $778. With those numbers in mind, if you are looking to purchase a median priced home in Costa Mesa, CA and put 20% down you will need to save up $299,000 for the down payment and will need roughly $29,900 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Costa Mesa the commission could be as much as $65,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 735 Joann St

Last sold for $8,380,000 on November 15th, 2018

November, 2018
Nov 16, 2018

Date

Sold

CRMLS: OC18191779

$8,380,000

Price
Sep 13, 2018

Date

Active Under Contract

CRMLS: OC18191779

$9,450,000

Price
Aug 8, 2018

Date

Active

CRMLS: OC18191779

$9,450,000

Price
Listing provided courtesy of CRMLS

Four Seasons is a rare 23-unit multi-family, townhouse investment offering, well located in the City of Costa Mesa. Comprised entirely of large, two bedroom / one and one-half bathroom townhouse style units, each apartment features gas forced air heating, one covered parking space, one open space, washers & dryers in select units, and access to a large central courtyard with a pool. The configurations of the 4-building courtyard-style property exterior, and the large townhouse unit interiors, provide a new owner the opportunity to simply stabilize the existing revenue stream or potentially implement a comprehensive renovation program that will lead to top-market rents. The unit-count, physical attributes, and micro-location of this property will remain attractive to tenants and investors alike for many years to come. Salient Features ** Extremely High Demand Rental Location - 2.5 Miles from the Pacific Ocean **14.7 GIM and 4.2% Capitalization Rate at Market Income ** Very Rare Mid-size Property Offering on the Westside **100% - 2 Bedroom / 1.5 Bath Townhouse Units - 1,015 Square Feet Each ** Legitimate Value-Add Investment in a Very Supply Constrained Coastal Market

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November, 2018
Nov 15, 2018

Date

Sold (Public Records)

Public Records

$8,380,000

Price
July, 2018
Jul 20, 2018

Date

Sold (Public Records)

Public Records

$560,000

Price

Tax History for 735 Joann St

Assessed Value (2020): $8,302,353

Year	Land Value	Improved Value	Assessed Value
2020	$7,057,000	$1,245,353	$8,302,353

About 735 Joann St

Detailed summary of property

735 Joann St is categorized with a use code of Multi-Family Dwellings (Generic, Any Combination 2+) in Costa Mesa, CA 92627 and last sold on November 15, 2018 for $8,380,000. This property has -- bedrooms, -- bathrooms, roughly 23,403 living square feet, and sits on an approximately 38,647 square foot lot. Homes in Costa Mesa are selling for a median price of $1,300,000 and a median price per square foot of $801. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is sold 544.62% higher than the current median priced home. 735 Joann St was last sold on November 15, 2018 for $8,380,000. Local nearby listings include 2952 Java Rd, 295 Mesa Dr and 2113 Canyon Circle. The average home in Costa Mesa, CA is selling in 42 days. There are currently 155 homes for sale in the Costa Mesa real estate market and 112 of them are single family homes while 26 of them are condos and 17 are townhomes. If you are the homeowner and looking to sell the home at 735 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 735 Joann St

Public county record property details

Beds: --
Baths: --
Year built: 1964
Sq. Ft.: 23,403
Lot Size: 38,647
Stories: --

Type: Multi-Family Dwellings (Generic, Any Combination 2+)
Pool: No
Spa: No
County: Orange
Lot#: 46
APN: 422-372-26

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.

$786

Median Sold Price

$1,070,000

Median Sold Price/Sq.Ft.

$855

Total Inventory

Median Sale to List Price %

99.17%

Avg Days on Market

Loan Type

Conventional (66.67%), FHA (0%), VA (0%), Cash (5.56%), Other (22.22%)

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(714) 706-1823

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