681 Victoria St
Costa Mesa, CA 92627

Bd   — Ba   5,880 Sqft
641 Victoria Street is a great 7 unit investment opportunity with all units currently rented month-to-month and appear to be below market. Four units are townhouse with 2BR / 1.5 baths with private patios, two units (a 2 BR and a 3 BR) are ground floor units, and one unit is an upstairs 2BR unit. All units have separate gas & electric meters with tenants paying most of those expenses. Units have private rear areas. Costa Mesa zoning map shows the property is zoned R2-MD and the city shows the property lies in the Mesa West Residential Ownership Urban plan which allows an owner to rebuild the existing number of units even if the minimum lot size cannot be met under the current Residential Development Standards. There are two generous parking areas plus two single car garages. The south and west property lines have seen brand new developments built on the contiguous properties. Income shown in the Analysis Section is based on current actual. Actual annual income is $121,452 resulting in net operating income of $99,642.
  • Neighborhood: Westside Costa Mesa
  • Days on Movoto: 142
  • Year Built: 1964
  • HOA: $0 HOA
  • $/Sqft: $331
  • Lot: 18,120 Sqft
  • Property Type: Multi Family
  • MLS#: OC16176396
  • MLS:
  • Listing Office: Fiduciary Real Estate Services
  • Listed By: Ruben Martinez
  • Movoto last checked CRMLS for new data 16 minutes ago
  • CRMLS last updated this listing 4 months ago
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Property History

Status
Date
Price
Sold
Dec 29, 2016
$1,949,000
Pending
Dec 5, 2016
Active Under Contract
Oct 7, 2016
Price Change
Aug 19, 2016
$2,100,000
Price Change
Aug 19, 2016
$21,000
Listed
Aug 9, 2016
$1,875,000
#OC16176396
681 Victoria St in 92627 was last listed for $1,949,000. As of today, , this is 138% above the current median price of $819,000 for the city of Costa Mesa, CA and 128% above the median of $855,525 for ZIP code 92627. Right now, there are 88 properties for sale in 92627 and 137 properties listed for sale in Costa Mesa. Those 137 properties are made up of 102 single family homes and 35 condos. The square footage of 681 Victoria St is approximately 5,880, which is 241% above the median size of 1,724 Sqft in Costa Mesa and 243% above the median size of 1,716 square feet in ZIP code 92627. This property's price per Sqft was $331, which is 33% below the current $492 median in 92627 and 31% below the $483 Costa Mesa median.
Built in 1964, this multi family house at 681 Victoria St, Costa Mesa CA, 92627 is approximately 5,880 square feet and does not come with a parking spot. It was last listed with a cost per Sqft of $331. 681 Victoria St is located in the Westside Costa Mesa neighborhood in the Newport-Mesa Unified School District. The closest school is Everett A. Rea Elementary School.

681 Victoria St, Costa Mesa CA, 92627 was on the market for 142 days. The median days on the market for properties in this area is 36 with a median list price of $819,000 and median cost per square foot of $483. Its current status is sold under the MLS #OC16176396.

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