1
Map
$1,307,500
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House -
Off Market
345 Costa Mesa Street
Costa Mesa, CA 92627
5 Beds
2 Baths,
1
Half Bath
2,134 Ft²
$1,903,242
RealtyHop Estimate
52.26%
Since Jun 1, 2018
National-US
Primary Model
About This Property
What if ..... You could go back in time to a simpler time. Pick the
best LOCATION on a huge lot with only 1 neighbor and create your
dream home. Or maybe add a second home on that lot for family or
income POTENTIAL. The city of Costa Mesa calls that "Legal
non-conforming" and we call that 345 Costa Mesa Street (2nd
electric meter is referred to as 1915 Raymond Avenue). Many, many
years ago the original owners did just that and now you may be the
recipient of their forethought. This large approx. 2134 sf single
level, single family "multiple" building has been utilized as 1, 2
and 3 separate units through the years. Use your imagination to
make it your perfect vision. Front home has 3 bedrooms and 1 full
bath and back home has 2 bedrooms, one full and one 1/2 bath. 3
separate entrances, a two car garage plus a parking pad for 4
additional cars. Alley access and 2 permitted individual meters and
"What If" becomes "Wow". See for yourself the endless
POSSIBILITIES.
Unit Size
2,134 Ft²
Days on Market
51 days
Land Size
0.18 acres
Price per sqft
$586
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1949
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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 #OC18075231)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 24, 2018 | Sold | ||
| Sold | |||
| Apr 3, 2018 | Listed by Keller Williams Realty | $1,250,000 | |
| Listed by Keller Williams Realty | |||
Property Highlights
Fireplace
Garage
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
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Costa Mesa
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Pamela Etem, Keller Williams Realty
Last Updated: 5 months ago
Data Source: CRMLS, MLS# OC18075231
Last Updated: 5 months ago
Data Source: CRMLS, MLS# OC18075231
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