S
Seller's Agent in 2018
Steven Brombal
Kidder Mathews of California, Inc
120 Albert Place Costa Mesa, CA 92627
Eastside Costa Mesa Neighborhood
3
Beds
2
Baths
9,934
Sq Ft
0.38
Acres
Highlights
- 16,553 Sq Ft lot
- Cathedral Ceiling
- Laundry Room
- Heinz Kaiser Elementary School Rated A
- No HOA
- Attached Carport
About This Home
As of February 2018Albert Place is located in the desirable Eastside Costa Mesa submarket and features 11 units of (10) two-bedroom , one bath and (1) large one bedroom unit. The property is located minutes to South Coast Plaza, the 17th Street retail corridor and the Newport Beach peninsula. Each unit is separately metered for electricity, and each unit has either a private patio or balcony. Two upstairs corner units have two balcony's and the four upstairs corner units have vaulted ceilings and are larger than the other two bedroom floor-plans. There is an attractive painted brick veneer building and garage siding at the entrance to the property and a resident BBQ area tucked away privately a the back of the lot. With rents escalating significantly over the past number of years current rents are approximately 12% under market levels which are being attained in other communities in the area. It is a pet friendly building, however no pet rent premiums are being charged. There are (6) double-enclosed garages and (8) covered parking spaces. Some unit interiors have wide vinyl plank wood-styled flooring. Central water heaters which are solar heated service the hot water. The driveway has a new section of asphalt and new slurry coating. This a rare offering in Eastside Costa Mesa and is a great property for an up-leg replacement property.
Drive By Only; property shown with accepted offer.
Last Agent to Sell the Property
Steven Brombal
Kidder Mathews of California, Inc License #00972129 Listed on: 11/28/2017
Last Buyer's Agent
Steven Brombal
Kidder Mathews of California, Inc License #00972129 Listed on: 11/28/2017
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1971
Lot Details
- 0.38 Acre Lot
- Two or More Common Walls
- Level Lot
Parking
- 12 Car Garage
- Attached Carport
- Parking Available
- Single Garage Door
- Driveway Level
Home Design
- Property Attached
- Shingle Roof
- Tar and Gravel Roof
Interior Spaces
- 9,934 Sq Ft Home
- 2-Story Property
- Cathedral Ceiling
- Laundry Room
Kitchen
- Electric Oven
- Electric Range
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Location
- Suburban Location
Utilities
- Radiant Heating System
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity
- Assessor Parcel Number 42605416
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 11 Units
Amenities
- Laundry Facilities
Building Details
- 11 Leased Units
- 12 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- New Taxes Expense $41,722
- Operating Expense $75,905
- Gross Income $250,800
- Net Operating Income $166,044
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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 |
|---|---|---|---|---|
| 02/09/2018 02/09/18 | Sold | $3,955,000 | -0.5% | $398 / Sq Ft |
| 12/01/2017 12/01/17 | Pending | -- | -- | -- |
| 11/28/2017 11/28/17 | For Sale | $3,975,000 | -- | $400 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC17266615
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