NOT LISTED FOR SALE

1046 El Camino Dr Costa Mesa, CA 92626

12 Beds
8 Baths
4,670 Sq Ft
6,970 Sq Ft Lot

Last Sold September 11, 2020

Last sale price $1,596,000 $342 Per Sq Ft

41 Days on Market

About This Home

As of September 2020

The El Camino Apartment Homes is a Two Story Garden Style Apartment
located in desirable Costa Mesa, CA. With a mix of all Three Bedroom, Two
Bath units, this asset should appeal to both Investors and Owner/Users a
like due to possible single family home financing with a 20% down payment.
In addition, two of the units are far below market rents, giving the new owner
the ability to increase cash flow.

PROPERTY HIGHLIGHTS
• All 3 Bedroom, 2 Bath Units
• Two Units Have Been Renovated with New Kitchens, Bath, Wall
Heaters, Flooring, and Doors.
• Four Garages, Two Open Spaces, and Plenty of Street Parking
• Onsite Laundry Facilities
• New Windows and Roof

Last Agent to Sell the Property

Stephen Heri

S A Heri, Inc. License #01871726 Listed on: 06/25/2020

Last Buyer's Agent

Franck Bideau

Innovative Financial Resources License #01474693

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 6,970 Sq Ft Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 4 Car Garage

Interior Spaces

  • 4,670 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 49
  • Tax Tract Number 3922
  • Assessor Parcel Number 14166514

Community Details

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $420
  • Fuel Expense $2,100
  • Gardener Expense $960
  • Insurance Expense $2,700
  • Maintenance Expense $2,000
  • Trash Expense $1,344
  • Water Sewer Expense $1,410
  • New Taxes Expense $17,952
  • Operating Expense $28,886
  • Gross Income $1,200
  • Net Operating Income $64,270

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.02
  • Other Phone Description: Cell
  • Other Phone Number: 714 856 2561
  • Property Attached: No
  • Water Sewer Expenses: 1410.00
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 14166514
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 341.76

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1344.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Multi Family

  • Electric Expense: 420.00
  • Fuel Expense: 2100.00
  • Gross Income: 1200.00
  • Gross Multiplier: 16.67
  • Gross Operating Income: 93156.00
  • Gross Scheduled Income: 94800.00
  • Insurance Expense: 2700.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1200.00
  • Lot Size Area: 6970.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 64270.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 28886.00
  • Rent Control: No
  • Total Actual Rent: 7900.00
  • Total Expenses: 28886.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 17952.00
  • Tax Census Tract: 639.04
  • Tax Lot: 49
  • Tax Tract Number: 3922

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 Change Sq Ft Price
09/11/2020 09/11/20 Sold $1,596,000 -0.3% $342 / Sq Ft
08/05/2020 08/05/20 Pending -- -- --
07/10/2020 07/10/20 For Sale $1,600,000 +0.3% $343 / Sq Ft
07/06/2020 07/06/20 Off Market $1,596,000 -- --
06/25/2020 06/25/20 For Sale $1,600,000 -- $343 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Stephen Heri

    S A Heri, Inc.

  • Franck Bideau

    Buyer's Agent in 2020

    Franck Bideau

    Innovative Financial Resources

    (949) 474-4004

    1 in this area

    10 Total Sales

    Franck Bideau
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20124094

California Regional Multiple Listing Service (CRMLS)

APN: 141-665-14

California Orange County Costa Mesa 92626

1046 El Camino Dr, Costa Mesa, CA

This home is located at 1046 El Camino Dr, Costa Mesa, CA 92626 since 25 June 2020. This property was built in 1964. 1046 El Camino Dr is a home located in Orange County with nearby schools including Sonora Elementary School, Costa Mesa High School, and St. John the Baptist Catholic School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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