$770,000
●
House -
Off Market
2278 Columbia Drive
Costa Mesa, CA 92626
3 Beds
2 Baths
1,641 Ft²
$1,159,831
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model
About This Property
Welcome home to 2278 Columbia in College Park! This single level,
ranch style home is situated on a quiet, interior location and has
been extensively remodeled. Features include an addition off of the
back of the home for a more formal dining space, secondary family
room, interior laundry with area for second refrigerator and drop
down attic with ladder for extra storage! Also, sewer, roof, HVAC,
windows and doors, have been upgraded as well as electrical outlets
installed for holiday lights in the eaves. A combination of wood
laminate and wood tile flooring and 1,641 square feet of functional
living space, the remodeled kitchen comes complete with newer
cabinetry and a bright skylight. Escape into the low maintenance
backyard with planters, decomposed granite, and wood burning fire
pit. Centrally located in the heart of Costa Mesa and a short bike
ride to the best beaches Orange County has to offer, come quick!
Unit Size
1,641 Ft²
Days on Market
96 days
Land Size
0.15 acres
Price per sqft
$481
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1958
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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 #OC19056157)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 17, 2019 | Sold | ||
| Sold | |||
| Mar 13, 2019 | Listed by Douglas Elliman of California | $789,000 | |
| Listed by Douglas Elliman of California | |||
Property Highlights
Garage
Air Conditioning
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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HOA + Taxes
About Costa Mesa
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Listed by: Christine Morgan, Douglas Elliman of California
Last Updated: 5 months ago
Data Source: CRMLS, MLS# OC19056157
Last Updated: 5 months ago
Data Source: CRMLS, MLS# OC19056157
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