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227 Palmer St, Costa Mesa, CA 92627

Sale Price: $1,975,000
Oct 29, 2024917 sqft2 beds1 baths
Listed by: Larry Birnbaum
License #: 01363487
Phone #: 714-655-8108
LMB Enterprises
Source:
CRMLS Logo
MLS #: OC24213071

Property Description

Location, Location, Location! Attention all Developers, Investors, Contractors, and Homeowners looking for a remodel project or an opportunity to develop a brand new house on one of the best streets in Eastside Heights. Palmer Street is the very last street before Eastside Costa Mesa changes to Newport Beach. Just a short 1.5-mile walk or bike ride to the beach. This parcel has alley access from the rear, making it possible to use the entire front of the lot for the width of the home without a garage in front. There is currently an original 2 bedroom / 1 bathroom single-story home sitting on the lot. This 917 sf house can be reimagined and expanded if the new Owner would like to redesign the existing property. The lot is zoned as "R2MD" which allows 2 units to be built on the property. Depending on the configuration, there may also be the potential for an additional "ADU" unit. The dimensions of the lot are 60' wide x 127.57' deep... totaling 7,654 sf... one of the larger lots in the area. Right down the street from Newport Heights Elementary School and Newport Harbor High School. Whether you are looking for an original Eastside Costa Mesa home to renovate and remodel, or looking for a blank canvas to build your custom dream home… this is the one for you!
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$30,669

TurboHome Estimated Value

$1,994,800

$2,175 sqft

High Valuation
$2,094,540
$2284/sqft
Normal Valuation
$1,994,800
$2175/sqft
Low Valuation
$1,895,060
$2067/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$2175/sqft$1,994,800

Neighborhood: Eastside Heights (EHCM)

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Comparative Value

$1.41M

$1.70M

$1.95M

$2.16M

168 E 19th St, Costa Mesa, CA 92627

Sale Price: $1,414,000

Selected Comparable

313 Rochester St, Costa Mesa, CA 92627

Sale Price: $1,695,000

Selected Comparable

1527 Orange Ave, Costa Mesa, CA 92627

Sale Price: $1,730,000

Selected Comparable

227 Palmer St, Costa Mesa, CA 92627

List Price: $1,945,000

Subject Property

227 Palmer St, Costa Mesa, CA 92627

Sale Price: $1,975,000

Selected Comparable

510 35th St, Newport Beach, CA 92663

Sale Price: $2,160,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
227 Palmer St, Costa Mesa, CA 92627

227 Palmer St, Costa Mesa, CA 92627

List: $1,945,000

Listed: 10/29/2024

Area:917 sqft
Price/sqft:$2,121
Beds:2
Baths:1
Year Built:
Lot Size:7,654

Comparable Properties

COMPARABLE
Choose comps
227 Palmer St, Costa Mesa, CA 92627

227 Palmer St, Costa Mesa, CA 92627

Sale: $1,975,000

11/19/20240.00 mi

Area:917 sqft
Price/sqft:$2,154
Beds:2
Baths:1
Year Built:
Weight:22.5%
1527 Orange Ave, Costa Mesa, CA 92627

1527 Orange Ave, Costa Mesa, CA 92627

Sale: $1,730,000

7/9/20250.09 mi

Area:802 sqft
Price/sqft:$2,157
Beds:2
Baths:1
Year Built:
Weight:22.3%
313 Rochester St, Costa Mesa, CA 92627

313 Rochester St, Costa Mesa, CA 92627

Sale: $1,695,000

1/30/20250.63 mi

Area:900 sqft
Price/sqft:$1,883
Beds:2
Baths:1
Year Built:
Weight:20.9%
168 E 19th St, Costa Mesa, CA 92627

168 E 19th St, Costa Mesa, CA 92627

Sale: $1,414,000

5/30/20250.98 mi

Area:1,000 sqft
Price/sqft:$1,414
Beds:2
Baths:2
Year Built:
Weight:18.1%
510 35th St, Newport Beach, CA 92663

510 35th St, Newport Beach, CA 92663

Sale: $2,160,000

9/9/20240.93 mi

Area:833 sqft
Price/sqft:$2,593
Beds:2
Baths:2
Year Built:
Weight:16.1%

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