223 23rd St

Costa Mesa, CA 92627

$2,397,500
Last Sold Price
10
Beds
5
Baths
4,305 Sq. Ft.
$557 / Sq. Ft.
4,305
Sq. Ft.
$557
per Sq. Ft.
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Closed 11/9/18
Closed 11/9/18

Description

223 and 225 23rd Street consist of five free-standing cottages on a 20,000+ SF lot in desirable, quiet Eastside Costa Mesa! R-1 zoning. There are 3 two bedroom units, 1 three bedroom unit, and a one bedroom. Each cottage has one bath. Four have private single car garages. Cottages are also very private, and some have large, private yards. Current rents are substantially below market- please refer to pro forma rents. This is a great opportunity to build value by remodeling the current units or keeping...223 and 225 23rd Street consist of five free-standing cottages on a 20,000+ SF lot in desirable, quiet Eastside Costa Mesa! R-1 zoning. There are 3 two bedroom units, 1 three bedroom unit, and a one bedroom. Each cottage has one bath. Four have private single car garages. Cottages are also very private, and some have large, private yards. Current rents are substantially below market- please refer to pro forma rents. This is a great opportunity to build value by remodeling the current units or keeping as-is. The excellent location is close to freeways, the back bay trail system, great restaurants and shopping on 17th Street, and just a few miles to the sandy beaches of Newport! Inspection of interior units is subject to accepted offer.

Listing Agents

  1. Sue Young

    Sue Young

    Alternative Listing Agent

    Compass

    DRE #01087631

    sue.young@compass.com

    P: (949)-395-5112

    CallTextEmail
  2. Listed by Timothy Carr • DRE #01017277 • Brokerage DRE #01925726 • Villa Real Estate

Property Details for 223 23rd Street

Parking Spaces Total
4
Private Pool
No
Total Units
5.0
Building Type
Detached
Lot Size Source
Appraiser
Lot Size Dimensions
120 x 175+
Living Area
4305
Assessor Parcel Number
426-074-06
LISTING UPDATED: 11/09/2018 01:25 PM

Property Details for 223 23rd Street

StatusClosed
MLS #NP18235734
Days on Market7
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1920
Lot Size0.48 AC / 21,018 SF
CountyOrange County
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Location

Listing Courtesy of Villa Real Estate, Sue Young, DRE #01087631; Villa Real Estate, Timothy Carr, DRE #01017277

Sold By Villa Real Estate, Timothy Carr, DRE #01017277

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Building Information for 223 23rd Street

Stories1Residences-Year Built1920Building Size-Lot Size0.48 AC / 21,018 SF

Payment Calculator

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$11,685 per month

30 year fixed, 6.15% Interest

Principal and Interest

$11,685

Property Taxes

$0

HOA Dues

$0

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Property Information for 223 23rd Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $98,760
  • Net Operating Income: $87,699
  • Financing: Cash
Expense Details
  • Operating Expense: $11,061
  • New Taxes Expense: $0
  • Pest Control Expense: $420
  • Insurance Expense: $0
  • Maintenance Percent: .00%
  • Professional Management Expense: $4,686
  • Other Expense: $4,133
  • Other Expense Description: prop tax
  • Trash Expense: $0
  • Water Sewer Expense: $1,822
  • Total Expenses: $11,061
Tax / Assessment Info
  • Tax Tract Number: 516
  • Tax Census Tract: 632.01
  • Tax Lot: 323
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lot 20000-39999 Sqft, Yard
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Meter on Property
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Eastside Central
  • Builders Tract Code: Eastside Central (ECCM)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,650
  • Unit Type Total Rent: $1,650
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $1,500
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,295
  • Unit Type Total Rent: $2,295
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,795
  • Unit Type Total Rent: $1,795
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $900
  • Unit Type Total Rent: $900
  • Unit Type Pro Forma: 1750
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: No
  • Number Of Buildings: 5
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 223 23rd Street

DateEvent & SourcePriceAppreciation
Nov 9, 2018

Sold

SDMLS #NP18235734

$2,397,500—
Nov 9, 2018

Sold

CLAW #NP18235734MR

$2,397,500—
Nov 9, 2018

Sold

CRMLS #NP18235734

$2,397,500—
Oct 4, 2018

Pending

CLAW #NP18235734MR

—
Oct 4, 2018

Pending

CRMLS #NP18235734

—
Sep 27, 2018

Listed (Active)

SDMLS #NP18235734

$2,395,000—
Sep 27, 2018

Listed (Active)

CRMLS #NP18235734

$2,395,000—
Sep 27, 2018

Listed (Active)

CLAW #NP18235734MR

$2,395,000—
DateEvent & SourcePrice
11/09/2018

Sold

SDMLS #NP18235734

$2,397,500
11/09/2018

Sold

CLAW #NP18235734MR

$2,397,500
11/09/2018

Sold

CRMLS #NP18235734

$2,397,500
10/04/2018

Pending

CLAW #NP18235734MR

—
10/04/2018

Pending

CRMLS #NP18235734

—
09/27/2018

Listed (Active)

SDMLS #NP18235734

$2,395,000
09/27/2018

Listed (Active)

CRMLS #NP18235734

$2,395,000
09/27/2018

Listed (Active)

CLAW #NP18235734MR

$2,395,000

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

Schools near 223 23rd Street

This home is within Newport-Mesa Unified School District.
Rating
School
Type
Grades
Distance
Woodland Elementary School
Public - K to 2
Heinz Kaiser Elementary School
Public - 3 to 6
Horace Ensign Intermediate School
Public - 7 to 8
Newport Harbor High School
Public - 9 to 12
Rating
School
Distance
Woodland Elementary School
PublicK to 2

Heinz Kaiser Elementary School
Public3 to 6

Horace Ensign Intermediate School
Public7 to 8

Newport Harbor 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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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, Inc., its subsidiaries, affiliates and their agents and associated third parties 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 Villa Real Estate, Sue Young, DRE #01087631; Villa Real Estate, Timothy Carr, DRE #01017277

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.