Seller's Agent in 2019
Tim Carr
Pacific Sotheby's Int'l Realty
(949) 230-8454
12 in this area
150 Total Sales
117 E Bay St Costa Mesa, CA 92627
Downtown Costa Mesa Neighborhood
8
Beds
4
Baths
3,150
Sq Ft
6,098
Sq Ft Lot
Highlights
- No HOA
- Double Pane Windows
- Laundry Room
- Heinz Kaiser Elementary School Rated A
About This Home
As of September 2019The E. Bay fourplexes consist of three adjacent 4 unit investment properties all with separate APNs. The addresses are 117, 121, and 125 E. Bay Street and are situated in one of the most desirable rental markets, “Eastside Costa Mesa”. Each building features four 2 bedroom / 1 bathroom units which are all separately metered for gas/electricity, and are approximately 787 square feet in size. Tenants benefit from on-site laundry, covered garages, close proximity to freeways, beaches, and all the shopping and entertainment 17th street has to offer. This is an amazing opportunity for the savvy investor to acquire three side by side multi-family apartment buildings that are fully leased and offers the opportunity to increase rents and improve on the current cap rate. Don’t miss out on this opportunity.
Last Agent to Sell the Property
Pacific Sotheby's Int'l Realty License #01017277 Listed on: 03/28/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 6,098 Sq Ft Lot
- No Common Walls
- Sprinkler System
Parking
- 4 Open Parking Spaces
- 4 Car Garage
Interior Spaces
- 3,150 Sq Ft Home
- 2-Story Property
- Double Pane Windows
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Additional Features
- Exterior Lighting
- Overhead Utilities
Listing and Financial Details
- Tax Lot 221
- Tax Tract Number 516
- Assessor Parcel Number 42618107
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,500
- New Taxes Expense $16,748
- Gross Income $89,250
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/16/2019 09/16/19 | Sold | $1,500,000 | -6.0% | $476 / Sq Ft |
| 07/16/2019 07/16/19 | Pending | -- | -- | -- |
| 03/28/2019 03/28/19 | For Sale | $1,595,000 | -- | $506 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| 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 | $18,736 | $1,635,525 | $1,534,930 | $100,595 |
| 2024 | $18,736 | $1,603,456 | $1,504,833 | $98,623 |
| 2023 | $18,207 | $1,572,016 | $1,475,326 | $96,690 |
| 2022 | $17,649 | $1,541,193 | $1,446,398 | $94,795 |
| 2021 | $17,109 | $1,510,974 | $1,418,037 | $92,937 |
| 2020 | $16,946 | $1,495,481 | $1,403,496 | $91,985 |
| 2019 | $14,226 | $1,238,998 | $1,148,279 | $90,719 |
| 2018 | $13,953 | $1,214,704 | $1,125,763 | $88,941 |
| 2017 | $13,714 | $1,190,887 | $1,103,689 | $87,198 |
| 2016 | $13,415 | $1,167,537 | $1,082,048 | $85,489 |
| 2015 | $13,281 | $1,150,000 | $1,065,795 | $84,205 |
| 2014 | $5,731 | $438,825 | $328,107 | $110,718 |
Source: Public Records
Agents Affiliated with this Home
-
Tim Carr
-
Elizabeth Thamer
Buyer's Agent in 2019
Elizabeth Thamer
Pacific Sotheby's Int'l Realty
(949) 554-1200
1 in this area
28 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP19065984
APN: 426-181-07
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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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