$2,150,000
●
House -
Off Market
282 23rd Street
Costa Mesa, CA 92627
4 Beds
4 Baths,
1
Half Bath
2,900 Ft²
$2,981,079
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model
About This Property
3 Bed, 3 1/2 bath plus 500 SqFt detached guest house. All new
Construction. Solar.
Unit Size
2,900 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$741
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1956
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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: 4 months ago (CRMLS #NP20155839)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 31, 2020 | Sold | ||
| Sold | |||
| May 1, 2020 | Listed by HANOLD PROPERTIES | $2,150,000 | |
| Listed by HANOLD PROPERTIES | |||
| Sep 22, 2018 | No longer available | - | |
| No longer available | |||
| Jul 15, 2018 | Listed | $1,100,000 | |
| Listed | |||
| | |||
|
Welcome to this outstanding East Costa Mesa property. Enjoy his large lot with a home that offers three large beds and two full baths, origanal gleaming hard wood floors, a formal living room w/ fireplace and a great/family room very seldom seen in this price point. The current owner has been told by the city that the converted garage/studio was not to city code even though it has been intact since their purchase. It had a kitchen, full bath and laundry room. Since getting a notices from the city the owner has removed the bathroom. Buyer to check with the city for compliance requirments. There is room on this over sized lot to build a new 2 car garage or carport in front of the current garage if a new buyer has the desire to reinstate studio per city guildlines. Or knock the house down and build your dream home, either way you can't lose with this coveted East Side location of Costa Mesa. The manager has listed the unit size as 1693 square feet.
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Property Highlights
Air Conditioning
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Costa Mesa
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Listed by: Regan Beegle, HANOLD PROPERTIES
Last Updated: 4 months ago
Data Source: CRMLS, MLS# NP20155839
Last Updated: 4 months ago
Data Source: CRMLS, MLS# NP20155839
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