1022 W Wilson Street, Costa Mesa, CA 92627

Costa Mesa, CA 92627,1022 W Wilson Street

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Glen Henderson

[email protected] +1(619) 889-7646

$1,795,000

Est. payment - /mo

12 Beds

12 Baths

6,300 SqFt

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UPDATED:

11/06/2024 02:53 AM

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 6,300 sqft

Price per Sqft $284

MLS Listing ID NP24202018

Style Detached

Bedrooms 12

Full Baths 10

Half Baths 2

Construction Status Under Construction

HOA Y/N No

Lot Size 10,817 Sqft

Acres 0.2483

Type of Financing Cash To New Loan

Property Description

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.)
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.

Location

State CA

County Orange

Area Oc - Costa Mesa (92627)

Zoning R2MD

Interior

Cooling Central Forced Air

Flooring Tile, Wood

Equipment Dishwasher, Microwave, Refrigerator, Solar Panels, Gas Oven, Gas Range

Appliance Dishwasher, Microwave, Refrigerator, Solar Panels, Gas Oven, Gas Range

Laundry Closet Stacked, Laundry Room, Inside

Air Conditioning Central Forced Air

Exterior

Exterior Feature Stucco

Garage Direct Garage Access, Garage

Garage Spaces 4.0

Fence Vinyl

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Composition,Metal

Total Parking Spaces 4

Building

Lot Description Curbs, Landscaped

Story 2

Lot Size Range 7500-10889 SF

Sewer Public Sewer

Water Public

Architectural Style Custom Built, Ranch, Traditional

Level or Stories 1 Story

New Construction Yes

Construction Status Under Construction

Others

Monthly Total Fees $94

Miscellaneous Gutters,Storm Drains,Suburban

Acceptable Financing Cash To New Loan

Listing Terms Cash To New Loan

Special Listing Condition Standard

CFD/Mello-Roos Fee $1, 138

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Listed by Grant Bixby • Compass

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

1022 W Wilson Street Costa Mesa, CA 92627

Glen Henderson

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

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