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Listing 6 out of 500
Sold for $800,000 Sold

679 Joann Street
Costa Mesa, CA 92627

2 units | Multi Family Home
7736 sq ft - MLS# PW19057211
Property Photo

Sold

Sold for $800,000 on May 7, 2019

Description

This property is in a residential neighborhood with single-family homes and other multifamily projects. Tenants enjoy Two-Bedroom, One-Bathroom units with private yards and private single-car garages. The project proves to have tremendous upside as the apartments interiors condition is dated. Renters in this area are clearly happy here per the history of long-term tenancy this project offers. This single-story building is simple to operate and the area continues to improve, providing the new owner with the fundamentals for a successful investment. Located within close proximity are schools, shopping centers & entertainment establishments, along with a variety commercial spaces making for a fantastic location in terms of opportunities for employment.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $825,000
  • Zip Code: 92627
  • Year Built: 1960
  • Units: 2 units
  • # of Parking Spaces: 2.00
  • Lot Size: 7736 sq ft
  • Area: 699 - Not Defined
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 1850.00
  • Building Area Units: Square Feet
  • Community Features: Curbs, Gutters, Sidewalks
  • Country: US
  • Directions: Placentia Ave & Wilson St
  • Garage Spaces: 2.00
  • Gross Income: 30120.00
  • Gross Operating Income: 29216.00
  • Gross Scheduled Income: 30120.00
  • Laundry Features: Inside
  • Laundry YN: Yes
  • Listing Agent License: 01945984
  • Listing Office License: 00616212
  • Lot Features: 2-5 Units/Acre
  • Lot Size Area: 7736.0000
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 15466.00
  • New Taxes Expense: 9693.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Operating Expense: 13751.00
  • Operating Expense Percent: 45.70
  • Parking Features: Driveway, Garage
  • Parking YN: Yes
  • Selling Agent: General Nonmember
  • Selling Agent License: 01970269
  • Selling Office: Crmls
  • Selling Office License: 00000001
  • Sewer: Public Sewer
  • Total Actual Rent: 2510.00
  • Total Expenses: 13751.00
  • Water Source: Public
  • Year Built Source: Public Records
  • Sold Date: 2019-05-07 00:00:00
  • Sold Price: 800000.00
Courtesy of Coldwell Banker Res. Brokerage, Michael Sacks

Agent Mary Lou Skowronski
Mary Lou Skowronski DRE: 01398486 / Broker DRE: 01317331
Berkshire Hathaway HomeServices California Properties
1400 Newport Center Drive, #200 - Newport Beach, CA 92660

© “2018” BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate,and a franchisee of  BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of  America, Inc.® Equal Housing Opportunity. Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC.  BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property,  Information obtained from various sources and will not be verified by broker or MLS. 

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Designations Ranks Agent Mary Lou Skowronski in the
Top 7% of Realtors Nationwide!
NABPOP BPO Certified Property Valuator, CPRES Certified Probate/Trust Real Estate Specialist, Investor Certified Realtor, ePRO – Internet Marketing Professional, 
Luxury Property Specialist, AREAA – Asian Real Estate Association of America, Designer and Accredited Home Staging Specialist,
REO and Short Sale Specialist, PSC Mastery HAFA Foreclosure Prevention Counselor

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