1022 West Wilson Street
$1,795,000
12
10
2
6,300
6,300
—
Listed By Compass
Description
INVESTORS & BUILDERS, close on this excellent development opportunity with City entitlements, final County map, and full sets of permit ready plans. City of Costa Mesa approved lot split using their Small Lot Ordinance (SLO) guidelines. 2 nearly identical lots have been created from this prime oversized lot of 10,817 SF. Each new lot will be approx. 53' wide by 102' deep, totaling 5,406 SF. On each lot will be one 2-story, 4 bed & 3.5 bath front house of 2,266 SF, plus a single level detached ADU...INVESTORS & BUILDERS, close on this excellent development opportunity with City entitlements, final County map, and full sets of permit ready plans. City of Costa Mesa approved lot split using their Small Lot Ordinance (SLO) guidelines. 2 nearly identical lots have been created from this prime oversized lot of 10,817 SF. Each new lot will be approx. 53' wide by 102' deep, totaling 5,406 SF. On each lot will be one 2-story, 4 bed & 3.5 bath front house of 2,266 SF, plus a single level detached ADU in the back with 2 beds & 2 baths in 884 SF. Architecture is coastal modern farmhouse by Bryant Palmer & Soto. Features will include high volume and vaulted ceilings, great rooms and lofts, upstairs laundry rooms, indoor/outdoor feel, oversized garages, private yards, separate gated entries, welcoming front porches and patios. ADUs will have separate and private entries and all yards will be privately fenced. All units separately metered with electric and gas. Outdoor spaces by BGB Design Group will be soothing places to rest, rejuvenate and entertain with California friendly landscaping and practical yet aesthetically pleasing hardscape surfaces. Just around the corner are Fairview Park and Talbert Nature Preserve, and Santa Ana River trails with beach access. Just a few blocks from excellent Waldorf School. These homes and ADUs will be terrific residences for their occupants. Conservative rental pro forma is $6,500-$7,000/mo for the front houses and $3,500-$3,750/mo for the ADUs. The development project offers many options for the lucky buyer: 1.) Develop and sell for profit; 2.) Develop and rent all units out, then hold for the long-term appreciation and tax write offs; 3.) Build for yourself and move into one and rent the others; 4.) Build both lots, then sell one off to pay for the one you keep; and/or 5.) Purchase for your 1031 exchange to defer capital gains taxes. What is your plan? Reach out to Bixby Residential and allow us to consult with you on your options, connect you with our development team, and introduce you to potential contractors for the build out should you need one. *NOTE: Listing has supplements--SEE BROCHURE WITH RENTAL AND SALES COMPS.
Listing Agent
Property Details for 1022 West Wilson Street
Architectural Style
Custom Built, Ranch, Traditional
ViewNone
Parking Spaces Total4
Private PoolNo
Cooling TypeCentral Forced Air
Total Units4.0
Building TypeDetached
Lot Size SourceAssessor
LISTING UPDATED: 11/05/2024 02:16 AM
Property Details for 1022 West Wilson Street
Status | Active |
---|---|
MLS # | NP24202018 |
Days on Market | 60 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential / Single Family Residence |
Year Built | 2025 |
Lot Size | 0.25 AC |
County | Orange County |
Buyer's Agent Compensation | 2.5% |
Building Information for 1022 West Wilson Street
Building Size-Lot Size0.25 AC
Property Information for 1022 West Wilson Street
Property History for 1022 West Wilson Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1022 West Wilson Street
Taxable ValueLand$1,153,866Additions$71,134Total$1,225,000
Tax Record2024$13,730 ($1,144 / month)
Home Facts
Beds2Baths1Total Finished SqFt1,630 SqFtAbove Grade Finished SqFt1,630 SqFtStories1Lot Size10,817 SqFtStyleSingle Family ResidenceYear Built1949CountyORANGEAPN422-051-05
Schools near 1022 West Wilson Street
This home is within Newport-Mesa Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Victoria Elementary School PublicK to 6 | ||
Charles W. Tewinkle Middle School Public7 to 8 | ||
Estancia High School Public9 to 12 | ||
Early College 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.
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