187 Magnolia Street

Costa Mesa, CA 92627

$1,713,000
Last Sold Price
4
Beds
2
Baths
1,600 Sq. Ft.
$1,071 / Sq. Ft.
1,600
Sq. Ft.
$1,071
per Sq. Ft.

Description

More than meets the eye.... Here's two detached homes on one lot in a great lower Eastside Costa Mesa location. This has been a proven investment property for many years, but now may also be considered as a small home with an income property on-site. This property is in walking and biking distance from all the great shopping and dining destinations in the Eastside CM enclave, but just far enough away to be a quiet and peaceful residence to come home to. Treasured OC Beaches are a short bike ride...More than meets the eye.... Here's two detached homes on one lot in a great lower Eastside Costa Mesa location. This has been a proven investment property for many years, but now may also be considered as a small home with an income property on-site. This property is in walking and biking distance from all the great shopping and dining destinations in the Eastside CM enclave, but just far enough away to be a quiet and peaceful residence to come home to. Treasured OC Beaches are a short bike ride away. The property consists of three total buildings. In the front, facing Magnolia, there is a Vacant Two Bedroom, One Bathroom detached Home with a Brick Fireplace, laminate flooring, laundry hookups and a front yard. In between the two homes are a garage with two single garages. In the rear is a Very Cool & Stylish Two Bedroom One Bathroom detached Home with a Fireplace, updated Kitchen, laminate flooring, laundry closet, and a private fenced in Porch and Yard. The Rear Home is occupied with a month-to-month lease @ $2,700/mo. In addition to the two-car garage, there is parking for additional cars in the driveway. The property includes convenient access to the alley in the rear. Each home has it's own Gas and Electricity meters. Please Do Not Disturb the current occupants while investigating this great opportunity..
  1. Listed by Jeffrey Butcher • DRE #01104911 • Brokerage DRE #01104911 • Pacific Coast Realty Group
  2. Listed by Jeff McConville • DRE #00782326 • Brokerage DRE #01104911 • Pacific Coast Realty Group

Property Details for 187 Magnolia Street

View
None
Parking Spaces Total
4
Private Pool
No
Cooling Type
N/K
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1600

Location

Listing Courtesy of Pacific Coast Realty Group, Jeffrey Butcher, DRE #01104911; Pacific Coast Realty Group, Jeff McConville, DRE #00782326

Sold By Stephanie Hoeschele, Stephanie Hoeschele, DRE #01456817

Add your commute
LISTING UPDATED: 06/24/2022 01:18 PM

Property Details for 187 Magnolia Street

StatusClosed
MLS #NP22111488
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential Income
Year Built1948
Lot Size0.15 AC / 6,534 SF
CountyOrange County

Location

Listing Courtesy of Pacific Coast Realty Group, Jeffrey Butcher, DRE #01104911; Pacific Coast Realty Group, Jeff McConville, DRE #00782326

Sold By Stephanie Hoeschele, Stephanie Hoeschele, DRE #01456817

Add your commute

Building Information for 187 Magnolia Street

Stories1Residences-Year Built1948Building Size-Lot Size0.15 AC / 6,534 SF

Payment Calculator

$9,349 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,349

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 187 Magnolia Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $72,000
  • Gross Scheduled Income: $72,000
  • Net Operating Income: $69,300
  • Financing: Cash
Expense Details
  • Operating Expense: $2,700
  • Insurance Expense: $1,000
  • Trash Expense: $0
  • Water Sewer Expense: $1,700
  • Total Expenses: $2,700
Tax / Assessment Info
  • Tax Tract Number: 516
  • Tax Census Tract: 633.01
  • CFD/Mello-Roos Fee: $1,124
  • Tax Lot: 132
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Disposal, Gas Range, Microwave, Range Hood
  • Equipment: Dishwasher, Microwave, Gas Range
  • Room Type: All Bedrooms Down
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 4
  • Bedroom Features: All Bedrooms Down
  • Laundry: Yes
  • Laundry Features: In Carport, Outside
  • Laundry Location: Closet Full Sized, Outside
  • Fireplace Features: Kitchen
  • Fireplace Rooms: Living Room
  • Fireplace: FP in Living Room
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Heat Equipment: Wall/Gravity
Exterior Features
  • Foundation Details: Raised, Slab
  • Structure Type: Duplex
  • Miscellaneous: Suburban
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: Rectangular Lot
  • Lease Considered: No
  • Number Of Units: 2
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: Alley, City Street
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Driveway, Garage, Garage - 2 Car
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Attached Garage: No
  • Parking Features: Driveway, Garage, Garage Faces Side, Garage - Two Door
Property / Structure Info
  • Builders Tract Name: Eastside South
  • Builders Tract Code: Eastside South (ESCM)
  • Residential Styles: Townhome
  • Residential Unit Location: No Common Walls
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: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 3000
  • 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: No
  • Unit Type Actual Rent: $2,700
  • Unit Type Total Rent: $32,400
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 187 Magnolia Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 187 Magnolia 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 Pacific Coast Realty Group, Jeffrey Butcher, DRE #01104911; Pacific Coast Realty Group, Jeff McConville, DRE #00782326

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.