175 East 21st Street

Costa Mesa, CA 92627

$3,500,000
Last Sold Price
18
Beds
12
Baths
6,906 Sq. Ft.
$507 / Sq. Ft.
6,906
Sq. Ft.
$507
per Sq. Ft.

Description

Ideally situated in highly desirable Eastside Costa Mesa, The Pines Apartments offer six (6) turnkey and remodeled 3 bed, 2 bath units with fireplace, direct access garage and individual laundry hookups. Private rear patios/yard, along with ample guest parking and handsome curb appeal make this a renter’s paradise. Additional storage in the rear offer Tenants more space and Landlords more income. Nearby parks, award-winning schools, Back Bay trails, beaches, retail & dining, PCH and freeway access...Ideally situated in highly desirable Eastside Costa Mesa, The Pines Apartments offer six (6) turnkey and remodeled 3 bed, 2 bath units with fireplace, direct access garage and individual laundry hookups. Private rear patios/yard, along with ample guest parking and handsome curb appeal make this a renter’s paradise. Additional storage in the rear offer Tenants more space and Landlords more income. Nearby parks, award-winning schools, Back Bay trails, beaches, retail & dining, PCH and freeway access contribute to low vacancy and constant demand. Investors will love the pride of ownership and quality of this offering with plenty of upside in rents. Perfect for your 1031 exchange and/or owner user investment.

Listing Agent

  1. Grant Bixby

    Grant Bixby

    Alternative Listing Agent

    Compass

    DRE #01364572

Property Details for 175 East 21st Street

View
None
Parking Spaces Total
18
Private Pool
No
Cooling Type
N/K
Total Units
6.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
6906

Location

Listing Courtesy of Compass, Grant Bixby, DRE #01364572; Compass, Heather Kidder, DRE #01187466

Sold By Wagner Development Group, Constance Wagner-Davidson, DRE #00831005

Add your commute
LISTING UPDATED: 07/09/2020 08:53 AM

Property Details for 175 East 21st Street

StatusClosed
MLS #NP20066841
Days on Market69
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1976
Lot Size0.43 AC / 18,731 SF
CountyOrange County

Location

Listing Courtesy of Compass, Grant Bixby, DRE #01364572; Compass, Heather Kidder, DRE #01187466

Sold By Wagner Development Group, Constance Wagner-Davidson, DRE #00831005

Add your commute

Building Information for 175 East 21st Street

Stories2Residences-Year Built1976Building Size-Lot Size0.43 AC / 18,731 SF

Payment Calculator

$22,511 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,101

Property Taxes

$3,410

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 175 East 21st Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $228,480
  • Gross Scheduled Income: $228,480
  • Net Operating Income: $166,403
  • Other Income Description: Storage Lockers
  • Other Income 1: $400
  • Cap Rate: 4.0
  • Financing: Cash
Expense Details
  • Operating Expense: $62,077
  • New Taxes Expense: $40,060
  • Gardener Expense: $3,000
  • Fuel Expense: $0
  • Electric Expense: $273
  • Insurance Expense: $3,272
  • Maintenance Expense: $9,593
  • Professional Management Expense: $0
  • Other Expense: $3,072
  • Other Expense Description: Leasing
  • Trash Expense: $0
  • Water Sewer Expense: $2,807
  • Total Expenses: $62,077
Tax / Assessment Info
  • Tax Tract Number: 516
  • Tax Census Tract: 632.02
  • Tax Lot: 242
Community / Development
Community / Development
  • Community Features: Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Gas Range, Microwave
  • Equipment: Dishwasher, Garage, Microwave
  • Room Type: All Bedrooms Up, Kitchen, Living Room
  • Bedroom Features: All Bedrooms Up
  • Laundry: Yes
  • Laundry Features: In Garage
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: None
  • Heating: Wall Furnace
  • Flooring: Carpet, Laminate
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Property Condition: Updated/Remodeled
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Landscaped, Walkstreet
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Meter on Property
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Uncovered Spaces: 12
  • Open Other Spaces Total: 12
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Other (OTHR)
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,950
  • Unit Type Total Rent: $2,950
  • Unit Type Pro Forma: 2950
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,039
  • Unit Type Total Rent: $3,039
  • Unit Type Pro Forma: 3038
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,950
  • Unit Type Total Rent: $2,950
  • Unit Type Pro Forma: 2950
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,950
  • Unit Type Total Rent: $2,950
  • Unit Type Pro Forma: 2950
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,950
  • Unit Type Total Rent: $2,950
  • Unit Type Pro Forma: 2950
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,400
  • Unit Type Total Rent: $3,400
  • Unit Type Pro Forma: 3400
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6

Property History for 175 East 21st Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 175 East 21st Street

Taxable ValueLand$2,809,080Additions$832,320Total$3,641,400
Tax Record2023$40,924 ($3,410 / month)
Home Facts
Total Finished SqFt6,906 SqFtAbove Grade Finished SqFt6,906 SqFtStories2Lot Size18,913 SqFtStyleMulti-Family Res (5+ Units)Year Built1976CountyORANGEAPN426-193-16

Schools near 175 East 21st Street

This home is within Newport-Mesa Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 2
Public - 3 to 6
Public - 7 to 8
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.

Similar Homes

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Similar Sold Homes

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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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Grant Bixby, DRE #01364572; Compass, Heather Kidder, DRE #01187466

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.