969 Mission Dr, Costa Mesa, CA 92626
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969 Mission Dr Costa Mesa, CA 92626

$1,350,000 Sold Price as of 07/27/2020
  • 6 Beds
  • 7 Baths
  • 4,072 Sq.Ft.
Sold
$1,350,000 Sold Price as of 07/27/2020 Refinance Your Mortgage

Map preview of 969 Mission Dr, Costa Mesa, CA 92626

Property Overview: 969 Mission Dr Costa Mesa, CA has 6 bedrooms, 7 bathrooms, 4,072 living square feet and 7,983 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great investment opportunity for this 4-unit apartment building exceptionally located on a quiet corner in a desirable West Costa Mesa neighborhood with historically low vacancy rates. The building consists of one 3 bed, 2.5 bath unit, one 2 bed, 1.5 bath unit , one 1 bed, 1 bath unit, and one studio. The units are spacious with functional floor plans and feature a large outdoor landscaped entertainment area for residence enjoyment. Roof was replaced and new windows installed approximately 3 years ago. Units have separate gas and electric meters and the water heater was replaced in January of this year. Additionally, there are 6 garages coupled with storage and washer, dryer facilities for use by the tenants. This building is located in an excellent rental location with long term month-to-month tenants allowing an investor the opportunity to increase rents per current guidelines. Located off of Baker Street and situated near South Coast Plaza, Orange Coast College, multiple retail shopping center destinations, and with close proximity to 73, 405 and 55 freeways. This property is centrally located offering easy access to many amenities.

Listed by Amy Baumgartner | BRE #01293160 | Compass
Co-listed by Cari Young | BRE #01148961 | Compass
Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 77

Home details

Lot Sq. Ft
7,983
HOA Dues
$0/mo
Year built
1964
Garage
6 Car
Property Type:
Multi Family
Status
Sold
MLS#
NP20082581
City
Costa Mesa
County
Orange
Time on Site
1539 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,175
  • Total Rent: $2,175
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $1,625
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,150
  • Total Rent: $1,150
  • Pro Forma/Market Rent: $1,350
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $77,700
  • Net Operating Income: $49,327
  • Gross Operating Income: --
  • Laundry Income: $1,000
Annual Expense Breakdown
  • Total Operating Expense: $29,500
  • Electric: $300
  • New Taxes: $16,445
  • Trash: $3,000
  • Insurance: $1,800
  • Professional Management: $6,000
  • Water/Sewer: $1,956

Property Details for 969 Mission Dr

Interior Features
Laundry Information
  • Has Laundry
  • Common Area, Community
Room Information
  • Flooring: Laminate, Tile
Kitchen Information
  • Has Appliances
  • Water Heater
Interior Features
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • Lighting
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Corner Lot, Landscaped, Lot 6500-9999
  • Lot Size Source: Appraiser
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 14166424
  • Year Built Source: Assessor
  • Foundation Details: Slab
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Available, Water Available
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Mesa Del Mar (MDMA)
  • Directions: Baker to Mendoza to Mission.
  • Road Surface Type: Alley Paved, Maintained, Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban
View more facts & features

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Sale History for 969 Mission Dr

Last sold for $1,350,000 on July 27th, 2020
  • July, 2020

  • Jul 28, 2020

    Date

    Sold

    CRMLS: NP20082581

    $1,350,000

    Price

  • Jul 27, 2020

    Date

    Pending

    CRMLS: NP20082581

    $1,449,000

    Price

  • Jul 17, 2020

    Date

    Active Under Contract

    CRMLS: NP20082581

    $1,449,000

    Price

  • May 28, 2020

    Date

    Price Change

    CRMLS: NP20082581

    $1,449,000

    Price

  • May 1, 2020

    Date

    Active

    CRMLS: NP20082581

    $1,495,000

    Price

  • April, 1980

  • Apr 4, 1980

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 969 Mission Dr

Assessed Value (2020): $156,938
Year Land Value Improved Value Assessed Value
2020 $53,359 $103,579 $156,938

Home Value Compared to the Market

This property vs the competition

969 Mission Dr sold on July 27, 2020 for 11.46% higher than the current median sold price for the city of Costa Mesa which is $1,300,000. The median sold price per/sqft for Costa Mesa is $801 and this home is sold at $355.84 per/sqft which puts the price per square foot 55.57% lower than the current median sale per square foot for the city of Costa Mesa.

About 969 Mission Dr

Detailed summary of property

969 Mission Dr is a multi family that recently sold in Costa Mesa, CA 92626. This multi family property offered 6 bedrooms, 7 bathrooms, roughly 4,072 living square feet, and sits on an approximately 7,983 square foot lot. 969 Mission Dr was first listed on ArdentRealEstateGroup.com on July 4, 2020. The homeowner sold the property for $1,350,000. Home 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 11.46% higher than the current median priced home. Local homes that are currently for sale include 420 S Melrose St, 0 chestnut and 2075 N Highland St. While the average home in Costa Mesa, CA is selling in 43 days, 969 Mission Dr has a days on market of 77 days. There are currently 148 homes for sale in the Costa Mesa real estate market and 110 of them are single family homes while 21 of them are condos and 17 are townhomes. For more information on this home for sale at 969 Mission Dr Costa Mesa, CA 92626 contact Ardent Real Estate Group and we will put you in touch with one of our Costa Mesa agents.

Public Facts for 969 Mission Dr

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
4,062
Lot Size
8,798
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
26
APN
141-664-24

The source for these homes facts are from public records.

92626 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,599,000
Median List Price/Sq.Ft.
$783
Median Sold Price
$1,300,000
Median Sold Price/Sq.Ft.
$786
Total Inventory
64
Median Sale to List Price %
93.86%
Avg Days on Market
16
Loan Type
Conventional (35.71%), FHA (0%), VA (0%), Cash (32.14%), Other (32.14%)

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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.