1002 Mission Drive

Costa Mesa, CA 92626

$2,150,000
Price
8
Beds
8
Baths
4,701 Sq. Ft.
$457 / Sq. Ft.
4,701
Sq. Ft.
$457
per Sq. Ft.

Description

HUGE COSTA MESA 4PLEX JUST OVER 4,700 SQUARE FEET - 1,175 SQFT PER UNIT! (4) 2 BEDROOM + 1.5 BATH TOWNHOME STYLE UNITS WITH PRIVATE PATIOS, PERSONAL GARDENS, AND NO TENANTS LIVING ABOVE OR BELOW EACH OTHER. THE ENTIRE BUILDING WAS RECENTLY REPIPED, NEW WINDOWS AND SLIDING GLASS DOORS. 4 GARAGES PLUS 3 ADDITIONAL SPACES FOR PARKING, SELLER OWNS THE WASHER AND DRYER, PROVIDING ADDITIONAL INCOME. RENTS ARE 23% BELOW MARKET VALUE, PRIMED FOR A SEASONED INVESTOR TO COME IN AND CAPTURE THIS BUILDING'S...HUGE COSTA MESA 4PLEX JUST OVER 4,700 SQUARE FEET - 1,175 SQFT PER UNIT! (4) 2 BEDROOM + 1.5 BATH TOWNHOME STYLE UNITS WITH PRIVATE PATIOS, PERSONAL GARDENS, AND NO TENANTS LIVING ABOVE OR BELOW EACH OTHER. THE ENTIRE BUILDING WAS RECENTLY REPIPED, NEW WINDOWS AND SLIDING GLASS DOORS. 4 GARAGES PLUS 3 ADDITIONAL SPACES FOR PARKING, SELLER OWNS THE WASHER AND DRYER, PROVIDING ADDITIONAL INCOME. RENTS ARE 23% BELOW MARKET VALUE, PRIMED FOR A SEASONED INVESTOR TO COME IN AND CAPTURE THIS BUILDING'S UPSIDE. GREAT COSTA MESA LOCATION NEAR SOUTH COAST PLAZA, METRO POINT, OC FAIRGROUNDS, ORANGE COAST COLLEGE, AND EASY FREEWAY ACCESS TO THE 405, 73, AND 55 FREEWAY. HIGH RENTAL DEMAND YEAR ROUND!

Listing Agent

  1. Joseph Lengyel-Leahu

    Joseph Lengyel-Leahu

    Listing Agent

    Compass

    DRE #02119569

    joe.leahu@compass.com

    P: (714)-552-6094

Property Details for 1002 Mission Drive

Parking Spaces Total
4
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4701
Assessor Parcel Number
141-662-30
Property Attached YN
true
LISTING UPDATED: 10/24/2024 11:32 PM

Property Details for 1002 Mission Drive

StatusActive
MLS #NP24220536
Days on Market27
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.16 AC / 6,970 SF
CountyOrange County

Building Information for 1002 Mission Drive

Stories2Residences-Year Built1964Building Size-Lot Size0.16 AC / 6,970 SF

Property Information for 1002 Mission Drive

Income / Expense / Tax Details
Income Details
  • Gross Income: $113,712
  • Gross Scheduled Income: $112,512
  • Net Operating Income: $70,512
Expense Details
  • Operating Expense: $42,000
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $42,000
Tax / Assessment Info
  • Tax Tract Number: 3922
  • Tax Census Tract: 639.04
  • CFD/Mello-Roos Fee: $1,594
  • Tax Lot: 26
Community / Development
Community / Development
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lot 6500-9999
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Costa Mesa Residential Income
  • Builders Tract Code: Costa Mesa Residential Income (CMRI)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,118
  • Unit Type Total Rent: $2,118
  • Unit Type Pro Forma: 2995
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,204
  • Unit Type Total Rent: $2,204
  • Unit Type Pro Forma: 2995
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,204
  • Unit Type Total Rent: $2,204
  • Unit Type Pro Forma: 2995
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,750
  • Unit Type Total Rent: $2,750
  • Unit Type Pro Forma: 2995
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 1002 Mission Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1002 Mission Drive

Taxable ValueLand$1,664,640Additions$208,080Total$1,872,720
Tax Record2024$21,396 ($1,783 / month)
Home Facts
Total Finished SqFt4,701 SqFtAbove Grade Finished SqFt4,701 SqFtStories2Lot Size7,123 SqFtStyleQuadraplexYear Built1964CountyORANGEAPN141-662-30

Schools near 1002 Mission Drive

This home is within Newport-Mesa Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 12
Public - K to 6
Public - 9 to 12
Rating
School
Distance
Sonora Elementary School
PublicK to 6

Costa Mesa High School
Public7 to 12

Maude B. Davis Elementary School
PublicK to 6

Back Bay High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1002 Mission Drive is a multi-family home for sale in Costa Mesa, CA 92626. This property was listed for sale on October 22, 2024 by Compass, it's currently listed at $2,150,000. It has been on the market for a total of 27 days and was last sold on November 8, 2021. This listing's school district is Newport-Mesa Unified School District. Nearby schools include Sonora Elementary School, Costa Mesa High School and Maude B. Davis Elementary School. 1002 Mission Drive is a 8-bed, 8-bath, 4,701 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Joseph Lengyel-Leahu, DRE #02119569

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.