1022 W Wilson Street
Costa Mesa, CA 92627
- 12 beds
- 12 baths
- 6,300 sqft
- 10,817 sqft lot
- $284 per sqft
- – on site
INVESTORS & BUILDERS, close on this excellent development opportunity with City entitlements, final County map, and full sets of permit ready plans. City of Costa Mesa approved lot split using their Small Lot Ordinance (SLO) guidelines. 2 nearly identical lots have been created from this prime oversized lot of 10,817 SF. Each new lot will be approx. 53' wide by 102' deep, totaling 5,406 SF. On each lot will be one 2-story, 4 bed & 3.5 bath front house of 2,266 SF, plus a single level detached ADU in the back with 2 beds & 2 baths in 884 SF. Architecture is coastal modern farmhouse by Bryant Palmer & Soto. Features will include high volume and vaulted ceilings, great rooms and lofts, upstairs laundry rooms, indoor/outdoor feel, oversized garages, private yards, separate gated entries, welcoming front porches and patios. ADUs will have separate and private entries and all yards will be privately fenced. All units separately metered with electric and gas. Outdoor spaces by BGB Design Group will be soothing places to rest, rejuvenate and entertain with California friendly landscaping and practical yet aesthetically pleasing hardscape surfaces. Just around the corner are Fairview Park and Talbert Nature Preserve, and Santa Ana River trails with beach access. Just a few blocks from excellent Waldorf School. These homes and ADUs will be terrific residences for their occupants. Conservative rental pro forma is $6,500-$7,000/mo for the front houses and $3,500-$3,750/mo for the ADUs. The development project offers many options for the lucky buyer: 1.) Develop and sell for profit; 2.) Develop and rent all units out, then hold for the long-term appreciation and tax write offs; 3.) Build for yourself and move into one and rent the others; 4.) Build both lots, then sell one off to pay for the one you keep; and/or 5.) Purchase for your 1031 exchange to defer capital gains taxes. What is your plan? Reach out to Bixby Residential and allow us to consult with you on your options, connect you with our development team, and introduce you to potential contractors for the build out should you need one. *NOTE: Listing has supplements--SEE BROCHURE WITH RENTAL AND SALES COMPS.
Listed By CRMLS_CA / Grant Bixby / Compass / 949-677-0111
Last checked:
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Last updated Nov 5, 2024
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MLS# NP24202018 —
This home is listed in more than one place. See it here.
The Building
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Year Built:2025
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Year Built Source:Seller
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New Construction:No
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Construction Materials:Board & Batten Siding, Stucco
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Architectural Style:Custom Built, Ranch, Traditional
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Roof:Composition, Metal
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Structure Type:House
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Entry Level:1
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Patio:1
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Patio And Porch Features:Concrete, Front Porch, Rear Porch
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Foundation:Slab
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Common Walls:No Common Walls
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Total Number Of Units:4
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Stories Total:2
Interior
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Features:High Ceilings, Open Floorplan, Wired for Data, Wired for Sound
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Levels:One, Two
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Entry Location:1
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Kitchen Features:Kitchen Island, Kitchen Open to Family Room, Self-closing cabinet doors, Self-closing drawers
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Eating Area:Dining Room
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Door Features:Sliding Doors
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Flooring:Tile, Wood
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Room Type:Family Room, Foyer, Great Room, Kitchen, Laundry, Living Room, Loft, Main Floor Bedroom, Primary Suite, Walk-In Closet
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Living Area Units:Square Feet
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Living Area Source:Assessor
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Fireplace:No
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Fireplace:None
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Laundry:Individual Room, Inside, Upper Level, Stackable
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Laundry:1
Room Dimensions
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Living Area:6300.00
Location
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Directions:From Victoria, N. on Canyon, L. on Wilson
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Latitude:33.65622000
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Longitude:-117.94172700
The Property
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Property Type:Residential
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Subtype:Single Family Residence
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Property Condition:Under Construction
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Zoning:R2MD
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Lot Features:Back Yard, Front Yard, Landscaped, Park Nearby, Sprinklers Drip System, Sprinklers Timer
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Lot Size Area:10817.0000
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Lot Size Acres:0.2483
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Lot Size SqFt:10817.00
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Lot Size Source:Assessor
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View:None
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Fencing:Block, Vinyl
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Fence:Yes
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Sprinklers:Yes
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Security Features:Carbon Monoxide Detector(s), Fire Sprinkler System, Smoke Detector(s)
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Road Frontage:City Street
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Road Surface Type:Paved
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Additional Parcels:No
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Land Lease:No
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Lease Considered:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:638.03
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Tax Tract:653
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Tax Lot:74
Beds
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Total Bedrooms:12
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Main Level Bedrooms:6
Baths
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Total Baths:12
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Bathroom Features:Shower in Tub, Double Sinks in Primary Bath, Exhaust fan(s), Main Floor Full Bath
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Full & Three Quarter Baths:10
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Main Level Baths:8
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Full Baths:10
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Half Baths:2
The Listing
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Special Listing Conditions:Standard
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Parcel Number:42205105
Heating & Cooling
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Heating:1
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Heating:Forced Air
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Cooling:Yes
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Cooling:Central Air
Utilities
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Utilities:Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
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Sewer:Public Sewer
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Electric:220 Volts in Garage, 220 Volts in Laundry
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Green Energy Generation:Solar
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Green Energy Efficient:Appliances, Construction, HVAC, Insulation, Lighting, Thermostat, Water Heater, Windows
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Water Source:Public
Appliances
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Appliances:Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Microwave, Range Hood, Refrigerator
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Included:Yes
Schools
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High School District:Newport Mesa Unified
The Community
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Subdivision:Other (OTHR)
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Subdivision:NEW
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Senior Community:No
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Features:Biking, Curbs, Dog Park, Golf, Gutters, Park, Storm Drains, Street Lights, Suburban
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Pool:None
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Private Pool:No
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Spa Features:None
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Association:No
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Assessments:Yes
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Assessments:Unknown
Parking
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Parking:Yes
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Parking:Direct Garage Access, Garage, Oversized
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Parking Spaces:4.00
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Attached Garage:Yes
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Garage Spaces:4.00
Monthly cost estimate
Asking price
$1,795,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$9,611
|
Taxes | N/A |
Insurance | $493 |
Utilities | N/A |
Total | $10,104/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
10/22/24
Oct 22, 2024
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Listed / Active | CRMLS_CA | $1,795,000 | 46.5% (44.3% / YR) |
10/5/23
Oct 5, 2023
|
CRMLS_CA | $1,225,000 | 2.2% | |
10/2/23
Oct 2, 2023
|
CRMLS_CA | $1,199,000 |
37% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $55k above asking price on average, but some went as high as $401k over asking price.