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Closed
- Listed price
- $2,495,000
- Listed Jun 14, 2021
- Sold price
- $2,225,000
- Sold Nov 16, 2021
12,632.4 sqft lot|1964 Built|115 MLS days on market
558 Joann St, Costa Mesa, CA 92627
Property Description
554 - 558 Joann Street is a 6-unit multifamily investment property located in Costa Mesa, one of the premier coastal housing markets in Southern California. 554 - 558 Joann Street contains an excellent unit mix of 2, 1 bed/1 bath units, 2, 2 bed/1 bath units, 1, 3 bed/1.5 bath unit, and 1, 4 bed/1.5 bath unit, which helps attract a diverse renter pool. Additionally, the property offers amenities including private patios and balconies, carport and uncovered parking, spacious gated front yards, and on-site laundry. Since 554 - 558 Joann Street sits on a large lot, a new owner has the potential to construct additional dwelling units to increase pro forma cash flow. 554 - 558 Joann Street has a fantastic Costa Mesa location, positioned minutes away from world famous beaches and shopping destinations as well as major employment hubs in nearby Newport Beach and Huntington Beach.
Listing agent: Kurt HedigerDRE #01846649khediger@marcusmillichap.com, Listing office: Marcus & Millichap RE Invest
MLS data updated 10/31/2026, 4:48:28 PM PT
Source: CRMLSMLS #: OC21128647
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$2,225,000
Nov 16, 2021
Available records32021
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$2,225,000Closed sale · Nov 16, 2021ZIP 92627 · Nov 2021
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 1 price recordsNov 16, 2021 – Nov 16, 2021
ZIP 92627 · same property typeThis MLS property type has no exact comparison group.
Freddie Mac · national weekly ratesLoading mortgage-rate history…
Recorded sales in this period (1)
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
View listing & sale records
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.