681 Victoria St
Costa Mesa, CA 92627

Bd   Ba   5,880 Sqft   142 Days
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.
  • $0 HOA
  • $331/Sqft
  • MLS#OC16176396 provided by Ruben Martinez of Fiduciary Real Estate Services
  • Movoto last checked CRMLS for new data 47 minutes ago
  • CRMLS last updated this listing 8 months ago

Home Features for 681 Victoria Street, Costa Mesa

Year Built: 1964
Lot Size Acres: 0.41
Lot Size Square Feet: 18120
Lot Size Units: Square Feet
Lot Size Area: 18120
Price Per Square Foot: 331.46
Tax Lot: 38
Tax Tract Number: 9
Parcel Number: 42221106
Special Listing Conditions: Probate Listing
Standard Status: Closed
Exterior
Levels: Two
Common Walls: 2+ Common Walls
Building Area Units: Square Feet
Number Of Buildings: 1
Building Area Total: 5880
Property Attached Y/N: 1
Amenities / Utilities
Water Sewer Expense: 10696
Electric Expense: 875
Community Features: Sidewalks
Pool Features: None
Location
Subdivision Name: Other (OTHR)
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Property History for 681 Victoria Street, Costa Mesa

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

Real Estate Market Statistics for 681 Victoria Street, Costa Mesa

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681 Victoria Street

No data!
Westside Costa Mesa
Costa Mesa
92627
List Price
Price/Sqft
Homes for Sale
Days on Movoto

List Price

$2.1M

681 Victoria Street

$799K

Westside Costa Mesa

0% y/y

Westside Costa Mesa

$958K

92627

1% y/y

92627

$882K

Costa Mesa

1% y/y

Costa Mesa

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Refinance Rates for 681 Victoria Street, Costa Mesa

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As of today, there are 105 properties listed for sale in ZIP code 92627 and 146 properties listed for sale in the city of Costa Mesa, CA. This property at 681 Victoria St in 92627 was last listed for $1,949,000. This is 121% above the current $882,000 median price for Costa Mesa and 103% above the median of $958,000 for 92627. Of the 146 properties for sale in Costa Mesa, 110 are single family homes and 36 are condos. 681 Victoria St is a multi family home that is approximately 5,880 square feet, 239% above the Costa Mesa median of 1,737 and 239% above the 92627 ZIP code median of 1,732. The price per Sqft was $331 which is 37% below the current median price in 92627 of $526 and 33% below the Costa Mesa median of $496 per Sqft.
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 44 with a median list price of $882,000 and median cost per square foot of $496. Its current status is sold under the MLS #OC16176396.

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