969 Mission Drive

Costa Mesa, CA 92626

$1,350,000
Last Sold Price
6
Beds
7
Baths
4,072 Sq. Ft.
$332 / Sq. Ft.
4,072
Sq. Ft.
$332
per Sq. Ft.

Description

Great investment opportunity for this 4-unit apartment building exceptionally located on a quiet corner in a desirable West Costa Mesa neighborhood with historically low vacancy rates. The building consists of one 3 bed, 2.5 bath unit, one 2 bed, 1.5 bath unit , one 1 bed, 1 bath unit, and one studio. The units are spacious with functional floor plans and feature a large outdoor landscaped entertainment area for residence enjoyment. Roof was replaced and new windows installed approximately 3 years...Great investment opportunity for this 4-unit apartment building exceptionally located on a quiet corner in a desirable West Costa Mesa neighborhood with historically low vacancy rates. The building consists of one 3 bed, 2.5 bath unit, one 2 bed, 1.5 bath unit , one 1 bed, 1 bath unit, and one studio. The units are spacious with functional floor plans and feature a large outdoor landscaped entertainment area for residence enjoyment. Roof was replaced and new windows installed approximately 3 years ago. Units have separate gas and electric meters and the water heater was replaced in January of this year.
Additionally, there are 6 garages coupled with storage and washer, dryer facilities for use by the tenants. This building is located in an excellent rental location with long term month-to-month tenants allowing an investor the opportunity to increase rents per current guidelines. Located off of Baker Street and situated near South Coast Plaza, Orange Coast College, multiple retail shopping center destinations, and with close proximity to 73, 405 and 55 freeways. This property is centrally located offering easy access to many amenities.

Listing Agents

  1. Amy Baumgartner

    Amy Baumgartner

    Listing Agent

    Compass

    DRE #01293160

  2. Cari Young

    Cari Young

    Alternative Listing Agent

    Compass

    DRE #01148961

    cari.young@compass.com

    P: 949.290.5906

Property Details for 969 Mission Drive

View
Neighborhood
Parking Spaces Total
6
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Appraiser
Living Area
4072
Assessor Parcel Number
141-664-24

Location

Listing Courtesy of Compass, Amy Baumgartner, DRE #01293160; Compass, Cari Young, DRE #01148961

Sold By NONMEMBER MRML, Robert Ritschel, DRE #01235870

Add your commute
LISTING UPDATED: 07/27/2020 12:33 PM

Property Details for 969 Mission Drive

StatusClosed
MLS #NP20082581
Days on Market77
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.18 AC / 7,983 SF
CountyOrange County

Location

Listing Courtesy of Compass, Amy Baumgartner, DRE #01293160; Compass, Cari Young, DRE #01148961

Sold By NONMEMBER MRML, Robert Ritschel, DRE #01235870

Add your commute

Building Information for 969 Mission Drive

Stories2Residences-Year Built1964Building Size-Lot Size0.18 AC / 7,983 SF

Payment Calculator

$8,739 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,368

Property Taxes

$1,371

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 969 Mission Drive

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas, Telephone
Income / Expense / Tax Details
Income Details
  • Gross Income: $78,700
  • Gross Scheduled Income: $77,700
  • Net Operating Income: $49,327
  • Laundry Income: $1,000
  • Financing: Cash
Expense Details
  • Operating Expense: $29,500
  • New Taxes Expense: $16,445
  • Electric Expense: $300
  • Insurance Expense: $1,800
  • Professional Management Expense: $6,000
  • Trash Expense: $3,000
  • Water Sewer Expense: $1,956
  • Total Expenses: $29,500
Tax / Assessment Info
  • Tax Tract Number: 5011
  • Tax Census Tract: 639.04
  • Tax Lot: 26
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Appliances: Water Heater
  • Equipment: Community
  • Laundry: Yes
  • Laundry Features: Common Area, Community
  • Flooring: Laminate, Tile
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Exterior Features: Lighting
  • Roof: Composition
  • Foundation Details: Slab
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Corner Lot, Landscaped, Lot 6500-9999
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Alley Paved, Maintained, Paved
  • Levels: Two
  • Water: Meter on Property
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Water Available
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
  • Parking Features: Assigned
Property / Structure Info
  • Builders Tract Name: Mesa Del Mar (MDMA)
  • Builders Tract Code: Mesa Del Mar (MDMA)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,175
  • Unit Type Total Rent: $2,175
  • Unit Type Pro Forma: 2650
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,900
  • Unit Type Total Rent: $1,900
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,250
  • Unit Type Total Rent: $1,250
  • Unit Type Pro Forma: 1625
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,150
  • Unit Type Total Rent: $1,150
  • Unit Type Pro Forma: 1350
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 969 Mission Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 969 Mission Drive

Taxable ValueLand$1,248,480Additions$156,060Total$1,404,540
Tax Record2023$16,450 ($1,371 / month)
Home Facts
Total Finished SqFt4,062 SqFtAbove Grade Finished SqFt4,062 SqFtStories2Lot Size7,983 SqFtStyleQuadraplexYear Built1964CountyORANGEAPN141-664-24

Schools near 969 Mission Drive

This home is within Newport-Mesa Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 12
Public - K to 6
Public - 9 to 12
Rating
School
Distance
Sonora Elementary School
PublicK to 6

Costa Mesa High School
Public7 to 12

Maude B. Davis Elementary School
PublicK to 6

Back Bay 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, Amy Baumgartner, DRE #01293160; Compass, Cari Young, DRE #01148961

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.