NOT LISTED FOR SALE

104 Clearbrook Ln Unit A Costa Mesa, CA 92626

Costa Mesa Area
3 Beds
2 Baths
2,160 Sq Ft
6,600 Sq Ft Lot

Sale Details

Date Sold: June 29, 2018

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

40 Days on Market

Highlights

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

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 in unit

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

6,600 Sq Ft Lot

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 31, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
0.038%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2019
Sold by
Bought by

Purchase Details

Listed on
Apr 17, 2018
Closed on
Jun 12, 2018
Sold by
Bought by
Seller's Agent
Bob Walz
New Dimension Investment Prop
Buyer's Agent
Bob Walz
New Dimension Investment Prop
List Price
$1,100,000
Sold Price
$1,050,000
Premium/Discount to List
-$50,000
-4.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
0.046%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 17, 2018
Closed on
Jun 5, 2018
Sold by
Bought by
Seller's Agent
Bob Walz
New Dimension Investment Prop
Buyer's Agent
Bob Walz
New Dimension Investment Prop
List Price
$1,100,000
Sold Price
$1,050,000
Premium/Discount to List
-$50,000
-4.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
0.046%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 20, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
0.0552%
Mortgage Type
Commercial
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,250,000 Chicago Title
-- Chicago Title Company
-- Lawyers Title
$1,050,000 Lawyers Title Co
$300,000 North American Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $900,000
Previous Owner $750,000
Previous Owner $240,000
Previous Owner $80,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,335 $1,367,057 $1,274,765 $92,292
2024 $16,335 $1,340,252 $1,249,769 $90,483
2023 $15,821 $1,313,973 $1,225,264 $88,709
2022 $15,402 $1,288,209 $1,201,239 $86,970
2021 $14,968 $1,262,950 $1,177,685 $85,265
2020 $14,782 $1,250,000 $1,165,609 $84,391
2019 $12,834 $1,071,000 $985,328 $85,672
2018 $5,632 $389,499 $266,616 $122,883
2017 $5,550 $381,862 $261,388 $120,474
2016 $5,447 $374,375 $256,263 $118,112
2015 $5,396 $368,752 $252,414 $116,338
2014 $5,288 $361,529 $247,469 $114,060
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18095459

California Regional Multiple Listing Service (CRMLS)
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