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735 Joann Street, Costa Mesa, CA

$9,450,000 - $9.5M Price - 23,403 Sqft - 35 DOM

Four Seasons is a rare 23-unit multi-family, townhouse investment offering, well located in the City of Costa Mesa. Comprised entirely of large, two bedroom / one and one-half bathroom townhouse style units, each apartment features gas forced air heating, one covered parking space, one open space, washers & dryers in select units, and access to a large central courtyard with a pool. The configurations of the 4-building courtyard-style property exterior, and the large townhouse unit interiors, provide a new owner the opportunity to simply stabilize the existing revenue stream or potentially implement a comprehensive renovation program that will lead to top-market rents. The unit-count, physical attributes, and micro-location of this property will remain attractive to tenants and investors alike for many years to come. Salient Features ** Extremely High Demand Rental Location - 2.5 Miles from the Pacific Ocean **14.7 GIM and 4.2% Capitalization Rate at Market Income ** Very Rare Mid-size Property Offering on the Westside **100% - 2 Bedroom / 1.5 Bath Townhouse Units - 1,015 Square Feet Each ** Legitimate Value-Add Investment in a Very Supply Constrained Coastal Market

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Essential Information

For 735 Joann Street, Costa Mesa, CA
  • MLS® # OC18191779
  • Sold Price $8,380,000
  • Bathrooms 0.00
  • Square Footage 23,403
  • Acres 0.90
  • Year Built 1964
  • Type Residential Income
  • Status Closed
  • Date Closed 2018-11-15

Community Information

For 735 Joann Street, Costa Mesa, CA
  • Address 735 Joann Street
  • Area Wrigley Area (5)
  • City Costa Mesa
  • County Orange
  • State CA
  • Zip Code 92627

Amenities

For 735 Joann Street, Costa Mesa, CA
  • Parking Spaces 43
  • Has Pool Yes

Interior

For 735 Joann Street, Costa Mesa, CA
  • Heating Forced Air
  • # of Stories 2
  • Stories Two

Exterior

For 735 Joann Street, Costa Mesa, CA

Lot Description

For 735 Joann Street, Costa Mesa, CA

21-25 Units/Acre, Lot 20000-39999 Sqft

Additional Information

For 735 Joann Street, Costa Mesa, CA
  • Date Listed August 8th, 2018
  • Days on Market 35

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The community located at 145 E. 18th St. has a distinctive overall unit mix and attractive mid-century architecture. There are (5) one-bed, one-bath units featuring spacious walk-in closets and exceptionally large private balconies;(6) two-bed, one-bath units; (7) large two-bed, 1.5 bath townhouses which have fireplaces, floor-to-ceiling windows, spiral staircases, and huge enclosed yards. These units encircle the pool. There is one legal studio
New

735 Joann Street Costa Mesa MLS® #OC18191779

You are viewing the for at 735 Joann Street with the MLS® OC18191779 on Previewochomes.com. This at 735 Joann Street, CA . 92627 is currently for featuring 23403 sq.ft. of living space, and listed for sale at $9,450,000. This for at 735 Joann Street with the MLS® # OC18191779 has been listed since 2018-08-08.

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Price Change History for 735 Joann Street, Costa Mesa, CA (MLS® #OC18191779)

Date Details Change
Status Changed from Active to Closed
Status Changed from Active to Active Under Contract

Based on information from California Regional Multiple Listing Service, Inc. as of October 15th, 2019 at 2:42am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Property Listed By: Wmichael Cavner(01274709) of William Michael Cavner, Broker