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Sold for $3,800,000 on 10/03/24
  • Listing Provided by: 

    Nick Gould DRE #01521955 ng@gouldgroupinc.com,

    Gould Group Inc

    Bought with: Gould Group Inc
    $3,800,000

    1012 & 1018 Mission Dr, Costa Mesa, CA 92626

    16beds
    16baths
    9,402sqft
    Multi Family
    Built in 1964
    -- sqft lot
    $3,899,100 Zestimate®
    $404/sqft
    $4,018 Estimated rent

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    What's special

    Welcome to 1012 & 1018 Mission Drive in the Mesa Del Mar enclave of Costa Mesa. These adjacent four-unit apartment buildings showcase an array of 2-bedroom/1.5-bathroom townhouse-style units, each accompanied by its own private yard. With an average unit size of approximately 1,175 square feet, these residences epitomize comfortable living. The property boasts a substantial community courtyard nestled between the two buildings. Notably, the seller has recently renovated four of the eight units since 2021, creating an attractive prospect for savvy investors to enhance the remaining four units and leverage competitive market rents. Tenants are offered garages and off-street parking, along with dedicated laundry rooms within each building. The strategic location of the property ensures easy accessibility to the best of Costa Mesa, including renowned destinations such as South Coast Plaza, The Camp, The LAB, and the Harbor Blvd shopping corridor. Additionally, tenants enjoy seamless connectivity with quick access to major freeways, including the 405, 55, and 73 Freeways. This property not only promises a secure investment but also positions itself as an inviting residential haven at the heart of Costa Mesa's vibrant offerings.

    Zillow last checked: 8 hours ago

    Listing updated: December 04, 2024 at 09:22pm

    Listing Provided by:

    Nick Gould DRE #01521955 ng@gouldgroupinc.com,

    Gould Group Inc

    Bought with:

    Nick Gould, DRE #01521955

    Gould Group Inc

    Source: CRMLS,MLS#: NP24059586MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 16
    • Bathrooms: 16
    Heating
    • Wall Furnace
    Cooling
    • None
    Appliances
    • Laundry: Common Area
    Features
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 9,402
    • Total interior livable area: 9,402 sqft

    Property

    Parking
    • Total spaces: 14
    • Parking features: Assigned, Garage, Off Street, Private
    • Garage spaces: 8
    • Uncovered spaces: 6
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: None
    • Fencing: Block
    • Has view: Yes
    • View description: None
    Lot
    • Size: 0.33 Acres
    • Features: 6-10 Units/Acre
    Details
    • Additional parcels included: 14166207
    • Parcel number: 14166208
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1964

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Biking, Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks
    Location
    • Region: Costa Mesa

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan
    • Road surface type: Alley Paved
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    Estimated market value
    $3,899,100