$640,000
●
House -
Off Market
640 Beach Street
Costa Mesa, CA 92627
4 Beds
2 Baths,
1
Half Bath
1,500 Ft²
$1,033,182
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model
About This Property
Only four bedroom single family residence in Costa Mesa with at
least 1,500 sq.ft. under $675k and located less than 2 miles from
the beach. Situated on a quiet street is this four bedroom and two
bathroom home which will not last. Highly desired open concept
layout with the kitchen being open to the family room. Great layout
with all bedrooms down the hall. Don't miss the attached two car
garage. Conveniently located to South Coast Plaza, the Segerstrom
Center for the Arts and the South Coast Repertory. Near world class
beaches, fine dining, movie theaters and amazing shopping. Best buy
in Costa Mesa and again will not last. Check out the virtual tour
link.
Unit Size
1,500 Ft²
Days on Market
51 days
Land Size
0.15 acres
Price per sqft
$433
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: 4 months ago (CRMLS #OC17179850)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 28, 2020 | Sold | ||
| Sold | |||
| Jan 10, 2020 | Listed by Kase Real Estate | $695,000 | |
| Listed by Kase Real Estate | |||
| | |||
|
Mid-Century Modern Tropical Oasis in Westside Costa Mesa. This beautifully remodeled single-story home has been upgraded with no expense spared. The kitchen features stone countertops, fresh white cabinets, and a full suite of stainless steel appliances. Custom paint, exposed beams, inviting fireplace, plantation shutters, designer tile and fixtures, and open floor plan, as well as a tankless water heater, central AC, and upgraded electrical make this home not only beautiful, but safe and sound as well. The private backyard feels like you’re on an island vacation perfect for relaxing with a good book or entertaining your family and friends. With too many features to list, this home is truly the complete package. Located in up-and-coming Westside Costa Mesa, minutes to world-class shopping at South Coast Plaza, an easy bike ride to one of California’s beautiful beaches, and minutes to the great shops and a foodie’s paradise of restaurants and cafes on 17th Street. Be on vacation without ever leaving home.
| |||
| Jul 19, 2019 | No longer available | - | |
| No longer available | |||
| Jul 2, 2019 | Relisted | $769,000 | |
| Relisted | |||
| Jun 26, 2019 | No longer available | - | |
| No longer available | |||
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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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Status
Status
Type
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Baths
ft²
Price/ft²
Price/ft²
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About Costa Mesa
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Listed by: Shevy Akason, HomeSmart, Evergreen Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# OC17179850
Last Updated: 4 months ago
Data Source: CRMLS, MLS# OC17179850
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