NOT LISTED FOR SALE

1010 El Camino Dr Costa Mesa, CA 92626

12 Beds
8 Baths
4,670 Sq Ft
6,324 Sq Ft Lot

Last Sold May 24, 2013

Last sale price $1,080,000 $231 Per Sq Ft

69 Days on Market

About This Home

As of May 2013

BACK ON THE MARKET. 4-PLEX INCOME PROPERTY IN COSTA MESA. EACH UNIT HAS 3 BEDROOMS AND 2 BATHROOMS. EACH UNIT HAS CENTRAL HEAT. 4 CAR-GARAGE, 1 FOR EACH UNIT. ALL TENAANTS ARE LONG TERM AND HAVE BEEN LIVING THERE OVER 4 YEARS. CURRENT RENT IS BELOW MARKET RENT DUE TO TENANTS PAY REPAIRS. CURRENT MARKET RENT IS $1,800 PER UNIT. UNIT 1 RENT IS $1,550. UNIT 2 RENT IS $1,550. UNIT 3 RENT IS $1,550. UNIT 4 RENT IS $1,500.

Last Agent to Sell the Property

Doan Nguyen

Professional R.E. Center, Inc. License #01489222 Listed on: 01/25/2013

Professional R.E. Center, Inc.

Co-Listed By

Thomas Kim

Professional R.E. Center, Inc. License #01856499

Last Buyer's Agent

Bernice DeVries

Kastell Real Estate Group License #01276952

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 6,324

Parking

  • 4 Car Garage

Home Design

  • 4,670 Sq Ft Home
  • Brick Exterior Construction
  • Shingle Roof
  • Stucco

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Additional Features

  • 6,324 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 55
  • Tax Tract Number 3922
  • Assessor Parcel Number 14166508

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $480
  • Trash Expense $1,284
  • Water Sewer Expense $3,300
  • New Taxes Expense $11,250
  • Gross Income $6,450
  • Net Operating Income $57,372

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 5.08
  • View: No
  • Water Sewer Expenses: 3300.00
  • Property Type: Residential Income
  • Parcel Number: 14166508
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 231.26

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Brick, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: No
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Forced Air
  • Trash Expense: 1284.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6324.00
  • Lot Size Acres: 0.1450

Multi Family

  • Electric Expense: 480.00
  • Gross Income: 6450.00
  • Gross Multiplier: 14.59
  • Gross Scheduled Income: 77400.00
  • Net Operating Income: 57372.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 20028.00

Tax Info

  • New Taxes Expense: 11250.00
  • Tax Lot: 55
  • Tax Tract Number: 3922

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2013 05/24/13 Sold $1,080,000 -4.3% $231 / Sq Ft
04/04/2013 04/04/13 Pending -- -- --
01/25/2013 01/25/13 For Sale $1,129,000 -- $242 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P846724

California Regional Multiple Listing Service (CRMLS)

APN: 141-665-08