**MILLION DOLLAR PRICE REDUCTION, SELLER WILL MOVE THIS ASSET. ALL OFFERS ARE ENCOURAGED** Introducing an exceptional investment opportunity at 615-617 Victoria Street, brought to you by. Spanning three parcels, totaling 1.32 acres, the property presents an array of prospects. Currently there are 12 single-story residences, each with 2 bedrooms and 1 bathroom, a single-car garage, washer/dryer hookups, and private patio. Nestled within the property is a sprawling tree lined, grassy courtyard. With strategic renovations, savvy investors stand to unlock substantial rental upside, potentially exceeding 40% on the existing units alone. Furthermore, ADU regulations established by the city of Costa Mesa present the opportunity to add more units, amplifying rental income and elevating the property's overall value. For developers seeking a larger project in the Costa Mesa market, this property is an unparalleled find. Positioned in the Mesa West Residential Urban Plan, these parcels offer a rare chance for redevelopment, allowing for the creation of new apartments or saleable units with increased density compared to other opportunities in the area. Plus, it is located in an Opportunity Zone. Don't miss out on this investment opportunity, combining current rental income potential with significant future growth prospects.
Property Details
Property Features
Property Information:
Year Built: 1955
Stories: 1
Listing Office:
Office Name: LE INVESTMENT GROUP
Office Phone: (909) 256-7889
Listing Agent: ALBERT LE
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 12 spaces
Lot Features
Lot Information:
Lot Size: 0.46 Acres
School Info
Assigned Schools Information:
Estancia High School, Public District Grades 9-12
Charles W. Tewinkle Middle School, Public District Grades 7-8
Everett A. Rea Elementary School, Public District Grades KG-6
Other
Directions Information:
Directions: Head west on Victoria Street, passing Harbor Boulevard. The location is on the south side of Victoria Street, west of Highway 55.
Price Information
Listing Price Info
Price Summary:
List Price: $5,995,000
Tax Information:
Annual Amount: $14,139
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Costa Mesa, CA.
This property is $4.6M more than the Median Sold Price in Costa Mesa, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #IV24120357
Listing Office:
Office Name: LE INVESTMENT GROUP
Office Phone: (909) 256-7889
Listing Agent: ALBERT LE
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 10/23/2024, 1:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Dec 13, 2019
Dec 13, 2019Home Sold
$3,250,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$14,139
$1,172,017
2020
$14,004
$1,160,000
2019
$3,258
$144,126
2018
$3,259
$141,300
2017
$3,213
$138,530
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
Everett A. Rea Elementary School
661 Hamilton St
Distance between this listing and this school0.15 miles
Public District Grades KG-6
Middle School
4
/10
Charles W. Tewinkle Middle School
3224 California St
Distance between this listing and this school2.53 miles
Public District Grades 7-8
High School
6
/10
Estancia High School
2323 Placentia Ave
Distance between this listing and this school0.74 miles
Public District Grades 9-12
Assigned Schools
6
/10
Everett A. Rea Elementary School
661 Hamilton St
Distance between this listing and this school0.15 miles
Public District Grades KG-6
Nearby Schools
5
/10
Pomona Elementary School
2051 Pomona Ave
Distance between this listing and this school0.28 miles
Public District Grades KG-6
4
/10
Wilson Elementary School
801 W Wilson St
Distance between this listing and this school0.54 miles
Public District Grades KG-6
Assigned Schools
4
/10
Charles W. Tewinkle Middle School
3224 California St
Distance between this listing and this school2.53 miles
Public District Grades 7-8
Nearby Schools
8
/10
Horace Ensign Intermediate School
2000 Cliff Dr
Distance between this listing and this school2.32 miles
Public District Grades 7-8
7
/10
Isaac L. Sowers Middle School
9300 Indianapolis Ave
Distance between this listing and this school2.47 miles
Public District Grades 6-8
Assigned Schools
6
/10
Estancia High School
2323 Placentia Ave
Distance between this listing and this school0.74 miles
Public District Grades 9-12
Nearby Schools
6
/10
Costa Mesa High School
2650 Fairview Rd
Distance between this listing and this school1.64 miles
Public District Grades 7-12
2
/10
Back Bay High School
390 Monte Vista Ave
Distance between this listing and this school1.98 miles
The neighbors living near this home have an average income of $48,399. Residents of Costa Mesa, CA typically earn between $35k-100k each year. The most common type of family is married, with kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 617 Victoria St
What is the listing price of this property?
The listing price of 617 Victoria St property is $5,995,000.
What type of property is this?
The property 617 Victoria St is a condo located in Costa Mesa, California, 92627.
Is this property for sale now?
Active Listing: 617 Victoria St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 617 Victoria St are: Everett A. Rea Elementary School: GreatSchools Rating 6/10Charles W. Tewinkle Middle School: GreatSchools Rating 4/10Estancia High School: GreatSchools Rating 6/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $14,139 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on December 13, 2019 for $3,250,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 617 Victoria St is 1955.
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This home is located at 617 Victoria St in Costa Mesa, CA and zip code 92627 in the Westside Costa Mesa neighborhood. This home, which was built in 1955, sits on a 0.46 acre lot. It has been listed on Rocket Homes since June 13, 2024 and is currently priced at $5,995,000.
Over 15 listings were sold over their listed price in September 2024 in Costa Mesa, CA. In the same period over 19 listings were sold below the listed price and 3 listings were sold for the listed price. The number of homes for sale in Costa Mesa, CA increased by 3.3% between August 2024 and September 2024. In September 2024 median list price was $1,350,800 and the average listing age was 20 days.
From Rocket Homes Real Estate and based on county public records data.