Homes for sale - 1022 W Wilson ST, Costa Mesa, CA 92627

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$1,795,000

Est. payment - /mo

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12 BD

12 BA

6,300 SqFt

Active

1022 W Wilson ST Costa Mesa, CA 92627

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Jeff Underdahl

jeff@jeffunderdahl.com +1(760) 271-8772

UPDATED:

12/05/2024 05:20 AM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 6,300 sqft

Price per Sqft $284

Subdivision New

MLS Listing ID NP24202018

Bedrooms 12

Full Baths 10

Half Baths 2

Construction Status Under Construction

HOA Y/N No

Lot Size 10,815 Sqft

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.) 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 C2 - Southwest Costa Mesa

Zoning R2MD

Rooms

Main Level Bedrooms 6

Interior

Interior Features Separate/Formal Dining Room, High Ceilings, Open Floorplan, Wired for Data, Wired for Sound, Bedroom on Main Level, Entrance Foyer, Loft, Primary Suite, Walk-In Closet(s)

Heating Forced Air

Cooling Central Air

Flooring Tile, Wood

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Range Hood

Laundry Inside, Laundry Room, Stacked, Upper Level

Exterior

Parking Features Direct Access, Garage, Oversized

Garage Spaces 4.0

Garage Description 4.0

Fence Block, Vinyl

Pool None

Community Features Biking, Curbs, Dog Park, Golf, Gutter(s), Storm Drain(s), Street Lights, Suburban, Park

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

View Y/N No

View None

Roof Type Composition,Metal

Porch Rear Porch, Concrete, Front Porch

Attached Garage Yes

Total Parking Spaces 4

Private Pool No

Building

Lot Description Back Yard, Drip Irrigation/Bubblers, Front Yard, Landscaped, Near Park, Sprinklers Timer

Dwelling Type House

Story 2

Entry Level One,Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Custom, Ranch, Traditional

Level or Stories One, Two

New Construction No

Construction Status Under Construction

Schools

School District Newport Mesa Unified

Others

Senior Community No

Tax ID 42205105

Security Features Carbon Monoxide Detector(s),Fire Sprinkler System,Smoke Detector(s)

Acceptable Financing Cash to New Loan

Green/Energy Cert Solar

Listing Terms Cash to New Loan

Special Listing Condition Standard

Listed by Grant Bixby • Compass • 949-677-0111

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Jeff Underdahl

CEO/Team Leader | License ID: 01077484

+1(760) 271-8772