NOT LISTED FOR SALE
2 Beds
1 Bath
4,788 Sq Ft
6,098 Sq Ft 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

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
Aug 21, 2020
Sold by
Bought by

Purchase Details

Listed on
Sep 23, 2019
Closed on
Jan 27, 2020
Sold by
Bought by
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Kristine Kurz
Real Estate Ebroker Inc
List Price
$1,500,000
Sold Price
$1,370,000
Premium/Discount to List
-$130,000
-8.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$959,000
Interest Rate
0.0537%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 23, 2019
Closed on
Dec 19, 2019
Sold by
Bought by
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Kristine Kurz
Real Estate Ebroker Inc
List Price
$1,500,000
Sold Price
$1,370,000
Premium/Discount to List
-$130,000
-8.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$959,000
Interest Rate
0.0537%
Mortgage Type
New Conventional
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
-- None Available
-- None Available
-- Chicago Title Company
-- Chicago Title Company
$1,370,000 Chicago Title Company
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 $953,200
Previous Owner $959,000
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
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

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 $16,529 $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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