NOT LISTED FOR SALE

1247 Baker St Costa Mesa, CA 92626

2 Beds
1 Bath
4,788 Sq Ft
6,098 Sq Ft Lot Lot

Sale Details

Date Sold: January 30, 2020

Last sale price $1,370,000 $286 Per Sq Ft

78 Days on Market

Highlights

  • Landscaped
  • Forced Air Heating System
  • 1-Story Property
  • Killybrooke Elementary School Rated A

About This Home

As of January 2020

1247 West Baker Street is a 4-unit multifamily investment opportunity located in the city of Costa Mesa, one of the premier coastal housing markets in Southern California. Situated on a 0.14-acre lot, the 4,788 square foot property consists exclusively of two bed/1.75 bath units. The property offers amenities including private patios and balconies, open parking, and garage parking.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 09/23/2019

Last Buyer's Agent

Kristine Kurz

Real Estate Ebroker Inc License #02042035

Real Estate Ebroker Inc

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1960

Lot Details

  • 6,098 Sq Ft Lot
  • No Common Walls
  • Landscaped

Parking

  • 6 Open Parking Spaces
  • 4 Car Garage

Interior Spaces

  • 4,788 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Additional Features

  • Exterior Lighting
  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 3399
  • Assessor Parcel Number 14120109

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 1 Separate Water Meter
  • Electric Expense $2,132
  • Fuel Expense $2,133
  • Insurance Expense $1,200
  • Maintenance Expense $2,000
  • Other Expense $1,520
  • Trash Expense $2,133
  • Water Sewer Expense $2,133
  • New Taxes Expense $16,949
  • Operating Expense $31,400
  • Gross Income $79,800
  • Net Operating Income $46,042

Property Details

Home Type

Apartment

Year Built

Built in 1960

Lot Details

6,098 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2133.00
  • Property Type: Residential Income
  • Parcel Number: 14120109
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 286.13

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Forced Air
  • Sewer: Public Sewer
  • Trash Expense: 2133.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 6098.40
  • Lot Size Acres: 0.1400

Multi Family

  • Electric Expense: 2132.00
  • Fuel Expense: 2133.00
  • Gross Income: 79800.00
  • Gross Operating Income: 77442.00
  • Gross Scheduled Income: 79800.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 0.1400 Acres
  • Maintenance Expense: 2000.00
  • Net Operating Income: 46042.00
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 31400.00
  • Other Expense: 1520.00
  • Rent Control: No
  • Total Actual Rent: 6550.00
  • Total Expenses: 31400.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 16949.00
  • Tax Census Tract: 639.02
  • Tax Lot: 7
  • Tax Tract Number: 3399
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Property History

Date Event Price List to Sale Price per Sq Ft
01/30/2020 01/30/20 Sold $1,370,000 -8.7% $286 / Sq Ft
12/10/2019 12/10/19 Pending -- -- --
09/23/2019 09/23/19 For Sale $1,500,000 -- $313 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $16,529 $1,421,738 $1,257,693 $164,045
2024 $16,529 $1,393,861 $1,233,032 $160,829
2023 $16,051 $1,366,531 $1,208,855 $157,676
2022 $15,529 $1,339,737 $1,185,152 $154,585
2021 $15,029 $1,313,468 $1,161,914 $151,554
2020 $5,786 $435,713 $213,527 $222,186
2019 $5,690 $427,170 $209,340 $217,830
2018 $5,588 $418,795 $205,236 $213,559
2017 $5,497 $410,584 $201,212 $209,372
2016 $5,384 $402,534 $197,267 $205,267
2015 $5,325 $396,488 $194,304 $202,184
2014 $5,203 $388,722 $190,498 $198,224
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19226390

California Regional Multiple Listing Service (CRMLS)

APN: 141-201-09

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