$1,300,000
●
House -
Off Market
1318 Watson
Costa Mesa, CA 92626
3 Beds
2 Baths
1,275 Ft²
$5,888
Est. Monthly
About This Property
LOCATED ON THIS SERENE INTERIOR CORNER LOT! Charming 3
bedroom, 2 bath with an open and inviting living room and
fireplace, cozy kitchen adjoining the dining room and all flowing
out to the spacious, screened patio room. 6800 sq.ft.+ lot with
block walls. Outdoor living at its best! Just imagine nearly
year around sunshine and coastal breezes too! All this and includes
a spacious off-street RV space. Nearby is the Halecrest Swim &
Tennis Club, golf at Costa Mesa Country Club, fine restaurants,
outdoor cafes, world-class shopping at South Coast Plaza, the
spectacular Performing Arts Center, John Wayne Airport, numerous
freeways and the 73 toll road. Also nearby are miles of sandy
beaches, crashing waves & sparkling bays.
Unit Size
1,275 Ft²
Days on Market
15 days
Land Size
0.16 acres
Price per sqft
$940
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1955
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 6 months ago (CRMLS #NP26099145)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 21, 2026 | Sold | ||
| Sold | |||
| May 14, 2026 | In contract | - | |
| In contract | |||
| May 6, 2026 | Listed by Coldwell Banker Realty | $1,199,000 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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Sold On
Sold On
HOA + Taxes
About Costa Mesa
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Listed by: Jennifer Pritchett, Coldwell Banker Realty
Last Updated: 6 months ago
Data Source: CRMLS, MLS# NP26099145
Last Updated: 6 months ago
Data Source: CRMLS, MLS# NP26099145
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