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788 Joann St, Costa Mesa, CA 92627
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788 Joann St Costa Mesa, CA 92627

$875,000 Sold Price as of 07/26/2021
  • 3 Beds
  • 2 Baths
  • 1,346 Sq.Ft.
Sold
$875,000 Sold Price as of 07/26/2021 Refinance Your Mortgage
Map preview of 788 Joann St, Costa Mesa, CA 92627

Property Overview: 788 Joann St Costa Mesa, CA has 3 bedrooms, 2 bathrooms, 1,346 living square feet and 6,200 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Long time owner is selling to move back east! 2 Bedroom 1 Bath unit has 2 car garage and is rented out at $2,500. The 1 Bedroom was just updated and is rented at $1,650 also includes the new refrig in the 1 bedroom. Tenants pay gas and electric. Property is a legal duplex. All new concrete driveway and parking area about 2 years ago.

Listed by Larry Weichman | BRE #00573423 | The L3
Last checked: 16 minutes ago | Last updated: September 16th, 2022 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
6,200
HOA Dues
$0/mo
Year built
1959
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW21130930
City
Costa Mesa
County
Orange
Time on Site
1058 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Leased Units: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $49,800
  • Net Operating Income: $37,959
  • Gross Operating Income: --
  • # of Rented Garages: 0
Annual Expense Breakdown
  • Total Operating Expense: $11,841
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Gardener: $660
  • Insurance: $891
  • Water/Sewer: $1,800

Property Details for 788 Joann St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Laminate
  • All Bedrooms Down
Kitchen Information
  • Has Appliances
  • Gas Oven, Gas Range
Interior Features
  • Levels: One
  • Window Features: Double Pane Windows
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Block
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Concrete, Garage - Two Door
Lot Information
  • Lot Features: Back Yard, Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 42237103
  • Year Built Source: Assessor
  • Architectural Style: See Remarks
  • Foundation Details: Slab
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: None
  • Directions: Near Wilson & Placentia
Neighborhood Information
  • Community Features: Curbs, Street Lights
View more facts & features

Local Costa Mesa Agent

Sale History for 788 Joann St

Last sold for $875,000 on July 26th, 2021

  • September, 2022

  • Sep 16, 2022

    Date

    Expired

    CRMLS: OC22156747

    $1,175,000

    Price

  • Jul 18, 2022

    Date

    Active

    CRMLS: OC22156747

    $1,175,000

    Price

  • Listing provided courtesy of CRMLS

    ***Single Level Duplex in Beautiful Costa Mesa*** Opportunity to live in one unit and rent the other. Front Unit A: Two Bedrooms, One Bathroom with Laundry Hookups and Two Car Detached Garage. Rear Unit B: One Bedroom, One Bathroom. Current rents collected are below market - Buyers and buyer's agent to conduct rent survey and due diligence for a potential increase in income. Property is walking distance to Wilson Elementary School and Estancia High School. Bike to Fairview Park. Close to Costa Mesa Golf Course. Minutes to Newport Beach(Drive on Placentia Ave to Superior Avenue) and Huntington Beach. Close to 55 freeway.

  • April, 2022

  • Apr 11, 2022

    Date

    Canceled

    CRMLS: PW22037576

    $1,149,000

    Price

  • Mar 3, 2022

    Date

    Active

    CRMLS: PW22037576

    $1,149,000

    Price

  • Listing provided courtesy of CRMLS

    Rare legal duplex in a desirable neighborhood. This single-level duplex has a great curb appeal and lush green grass in a high demand rental area. Unit A has 2 beds, 1 bath and a 2 car-garage, currently renting at $2,500. Unit B is 1 bedroom 1 bath, recently renovated throughout, currently renting at $1,650. Newer concrete driveway and parking. Driveway has ample parking. Centrally located near freeways, schools, golf course, parks, DMV, stores and more.

  • July, 2021

  • Jul 26, 2021

    Date

    Sold

    CRMLS: PW21130930

    $875,000

    Price

  • Jun 29, 2021

    Date

    Pending

    CRMLS: PW21130930

    $859,000

    Price

  • Jun 22, 2021

    Date

    Hold

    CRMLS: PW21130930

    $859,000

    Price

  • Jun 16, 2021

    Date

    Active

    CRMLS: PW21130930

    $859,000

    Price

  • June, 2021

  • Jun 16, 2021

    Date

    Canceled

    CRMLS: PW21062196

    $849,900

    Price

  • Jun 16, 2021

    Date

    Price Change

    CRMLS: PW21062196

    $849,900

    Price

  • Apr 1, 2021

    Date

    Active Under Contract

    CRMLS: PW21062196

    $869,000

    Price

  • Apr 1, 2021

    Date

    Price Change

    CRMLS: PW21062196

    $869,000

    Price

  • Mar 27, 2021

    Date

    Hold

    CRMLS: PW21062196

    $849,900

    Price

  • Mar 25, 2021

    Date

    Active

    CRMLS: PW21062196

    $849,900

    Price

  • Listing provided courtesy of CRMLS

    Long time owner is selling to move back east! 2 Bedroom 1 Bath unit has 2 car garage and is rented out at $2,500. The 1 Bedroom 1 Bath was rented at $1,500 is just coming up for new tenant, stay tuned for what new rent rate is! Drive by only, more photos coming! Tenants pay gas & electric! Property is legal duplex, see attached permits. All new concrete driveway and parking area about 2 years ago!

  • January, 2019

  • Jan 8, 2019

    Date

    Expired

    CRMLS: PW18166403

    $799,900

    Price

  • Aug 10, 2018

    Date

    Price Change

    CRMLS: PW18166403

    $799,900

    Price

  • Jul 17, 2018

    Date

    Price Change

    CRMLS: PW18166403

    $824,900

    Price

  • Jul 13, 2018

    Date

    Active

    CRMLS: PW18166403

    $849,000

    Price

  • Listing provided courtesy of CRMLS

    Long time owner is selling this great Duplex! 2 Bedroom, 1 bath and a 1 Bedroom, 1 Bath unit. Market rent for the 1 Bedroom should be $1,250 especially if your rent includes access to the enclosed garage. The 2 Bedroom unit is using the 2 car garage, 2 Bedroom unit is only paying $1,100 per month rent, market rent for that unit is $1,800. 2 Bedroom does have laundry inside, 1 Bedroom does not have hookups. Great upside potential on this property.

Show More

Tax History for 788 Joann St

Assessed Value (2020): $98,136
Year Land Value Improved Value Assessed Value
2020 $53,933 $44,203 $98,136

Home Value Compared to the Market

This property vs the competition

788 Joann St sold on July 26, 2021 for 37.3% lower 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 $638.19 per/sqft which puts the price per square foot 18.49% lower than the current median sale per square foot for the city of Costa Mesa.

About 788 Joann St

Detailed summary of property

788 Joann St is a multi family that recently sold in Costa Mesa, CA 92627. This multi family property offered 3 bedrooms, 2 bathrooms, roughly 1,346 living square feet, and sits on an approximately 6,200 square foot lot. 788 Joann St was first listed on ArdentRealEstateGroup.com on June 16, 2021. The homeowner sold the property for $875,000. 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 37.3% lower than the current median priced home. Local homes that are currently for sale include 12213 Firestone Blvd, 14333 Flallon Ave and 3617 Cherry Ave. While the average home in Costa Mesa, CA is selling in 30 days, 788 Joann St has a days on market of 6 days. There are currently 116 homes for sale in the Costa Mesa real estate market and 90 of them are single family homes while 9 of them are condos and 17 are townhomes. For more information on this home for sale at 788 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 788 Joann St

Public county record property details
Beds
4
Baths
2
Year built
1960
Sq. Ft.
1,346
Lot Size
6,200
Stories
1
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
3
APN
422-371-03

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
$1,389,000
Median List Price/Sq.Ft.
$828
Median Sold Price
$1,500,000
Median Sold Price/Sq.Ft.
$788
Total Inventory
68
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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