$835,000
●
House -
Off Market
2252 Cornell Drive
Costa Mesa, CA 92627
5 Beds
4 Baths
2,801 Ft²
$1,243,119
RealtyHop Estimate
46.27%
Since Jan 1, 2020
National-US
Primary Model
About This Property
**BEST PRICED HOME IN THE AREA**LISTED FOR $125,000 UNDER LAST
COMP**HOME HAS UPSTAIRS WING THAT PER CITY OF CS, CAN BE EASILY
CONVERTED INTO A 2ND ACCESSORY DWELLING UNIT-PERFECT FOR RENTAL
INCOME. Centrally located in Costa Mesa, Orange County Ca, this
Hacienda Style beauty is an Entertainers Delight. Since last
purchased, this home was completely redesigned featuring 5 Bed w/ 2
Master Beds Downstairs & 1 Upstairs, 4 Baths, 2801 Sq. Ft, 2 Car
Garage, & a Pool Sized 6732 Sq. Ft Lot. The Enchanting Archways,
Wood Beams & Clay Pavers throughout give this home a true Spanish
feel. Inside, the warmth of the Formal Living room welcomes you.
Past the Formal Living room is the Family Room & Formal Dining Room
complete w/ Beamed Ceilings & Fireplace w/ Custom Mantle. The
Custom Designed Gourmet Kitchen offers Imported Tile Counters,
Commercial Grade Stainless Steel Appliances, Antique Butcher Block
Counters, Utility Sink & Classic Saltillo Tile Floors. Adjoining
the Kitchen is an upstairs wing w/ Loft, Balcony, Bedroom & Bath.
Additional interior upgrades include, newer electrical & plumbing,
designer paint, custom baseboards, New Windows, Shutters & Blackout
Curtains, Recessed Lights, New Water Heater, ceiling fans & more.
Outside, enjoy the Courtyard w/ Custom Patio & BBQ or the fully
landscaped back yard. Additional Exterior upgrades include, New
Custom Paint, New Roof, Mature Landscaping & more. + be within
walking distance of dining, shopping & entertainment nearby.
Unit Size
2,801 Ft²
Days on Market
97 days
Land Size
0.15 acres
Price per sqft
$303
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1957
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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: 5 months ago (CRMLS #OC19225274)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 26, 2019 | Sold | ||
| Sold | |||
| Sep 20, 2019 | Listed by Century 21 Masters | $849,900 | |
| Listed by Century 21 Masters | |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Costa Mesa
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Listed by: Yanet Pineda DeOrozco, Century 21 Masters
Last Updated: 5 months ago
Data Source: CRMLS, MLS# OC19225274
Last Updated: 5 months ago
Data Source: CRMLS, MLS# OC19225274
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