NOT LISTED FOR SALE

104 Clearbrook Ln Unit A Costa Mesa, CA 92626

3 Beds
2 Baths
2,160 Sq Ft
1964 Built

Last Sold June 29, 2018

Last sale price $1,050,000 $486 Per Sq Ft

40 Days on Market

Highlights

  • Laundry Room
  • Forced Air Heating System
  • 1-minute walk to Neth Park
  • Costa Mesa High School Rated A-
  • 1-Story Property

About This Home

As of June 2018

This is a VERY SPECIAL SINGLE STORY TRIPLEX on a SPACIOUS AND QUITE CUL-DE-SAC Street in Central Costa Mesa. This property features (1) 2br - 1ba with an enclosed 2 car garage and (2) large 1br - 1ba units each with a 1 car enclosed garage. The two Bedroom unit (unit A) has large square footage, fireplace, washer dryer hook-ups, dishwasher and forced air heating. 1 bd units have wall heaters. Unit "C" has wall a/c. All units have nice and very large patios. All units are in good to excel. cond. Unit A was remodeled approximately 2 years ago ($20,000 spent). All units have separate water heaters. Beautiful Park behind Bldg. Alley in rear has beautifully laid concrete and on the far side of the driveway is an open Park with a very nice view. This is truly an easy property to own with excellent long term tenants. It's hard to find a single story property in such a nice location on such a wide open cul-de-sac street. Hurry on this one as it won't last long. GREAT STARTER INVESTMENT!!!!!!



Square footage is approximate

Last Agent to Sell the Property

Bob Walz

New Dimension Investment Prop License #00640512 Listed on: 04/17/2018

Last Buyer's Agent

Bob Walz

New Dimension Investment Prop License #00640512 Listed on: 04/17/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 6,600 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,160 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 2
  • Tax Tract Number 5617
  • Assessor Parcel Number 41914105

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $420
  • Insurance Expense $1,695
  • Water Sewer Expense $595
  • New Taxes Expense $13,111
  • Operating Expense $19,355
  • Gross Income $57,420
  • Net Operating Income $38,120

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • CapRate: 3.36
  • Property Attached: Yes
  • Water Sewer Expenses: 595.00
  • Property Type: Residential Income
  • Gardener Expense: 420.00
  • Parcel Number: 41914105
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 486.11
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace, Forced Air
  • Laundry Features: Inside
  • Sewer: Other
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6600.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 627 Square Feet
  • Average2 Bed Area: 1068 Square Feet
  • Gross Income: 57420.00
  • Gross Multiplier: 19.16
  • Gross Operating Income: 56272.00
  • Gross Scheduled Income: 57420.00
  • Insurance Expense: 1695.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 38120.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Dishwasher: 1
  • Number With Range: 3
  • Operating Expense: 19355.00
  • Rent Control: No
  • Total Actual Rent: 4785.00
  • Total Expenses: 19355.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 13111.00
  • Tax Census Tract: 639.06
  • Tax Lot: 2
  • Tax Tract Number: 5617

Range of Values:

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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 List to Sale Price per Sq Ft
06/29/2018 06/29/18 Sold $1,050,000 -4.5% $486 / Sq Ft
04/17/2018 04/17/18 For Sale $1,100,000 -- $509 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Bob Walz

    Seller's Agent in 2018

    Bob Walz

    New Dimension Investment Prop

    (714) 393-8060

    9 Total Sales

    Bob Walz
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18095459

California Regional Multiple Listing Service (CRMLS)
California Orange County Costa Mesa 92626

104 Clearbrook Ln Unit A, Costa Mesa, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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