NOT LISTED FOR SALE

125 E Wilson St Costa Mesa, CA 92627

Eastside Costa Mesa Neighborhood
6 Beds
7 Baths
7,974 Sq Ft
0.41 Acres

Last Sold April 17, 2023

Last sale price $4,000,000 $502 Per Sq Ft

7 Days on Market

Highlights

  • 0.41 Acre Lot
  • Private Yard
  • Cooling System Mounted To A Wall/Window
  • Heinz Kaiser Elementary School Rated A
  • No HOA
  • Laundry Room

About This Home

As of April 2023

Two updated and well maintained Triplex's for sale in Eastside Costa Mesa. 125 & 131 E Wilson St are right next to each other and have a shared driveway. Each address has a separate APN and separate utility meters. The triplex's are made up of an 1,100 sq ft 1 bed/1 bath, 1,387 sq ft 2 bed/2.5 bath and 1,500 sq ft 3 bed/2.5 bath. Each unit has a two car attached garage with laundry hookups in the garage. The 1 bed unit has a small back patio space, and the 2 and 3 bed units have large back yards. All units were renovated in 2015 and were recently painted on the exterior. Termite and roof repairs have been completed as well as repairs to all of the wood railing around the upstairs balconies. All six units are currently leased for $21,500 total (triple net).

Last Agent to Sell the Property

Blake Nelle

Coldwell Banker Realty License #02081490 Listed on: 03/06/2023

Coldwell Banker Realty

Last Buyer's Agent

Tom Williams

Windsor Inv., Inc. License #00766458

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1976

Lot Details

  • Two or More Common Walls
  • Private Yard
  • Lawn
  • Back Yard
  • Density is 6-10 Units/Acre
  • 43927128

Parking

  • 12 Car Garage

Interior Spaces

  • 7,974 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 28
  • Tax Tract Number 300
  • Assessor Parcel Number 43927129
  • $1,808 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units
  • Eastside North Subdivision

Recreation

  • Dog Park

Building Details

  • 6 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Operating Expense $22,000
  • Gross Income $258,000
  • Net Operating Income $236,000

Property Details

Home Type

Condominium

Year Built

Built in 1976

Lot Details

0

Parking

12

Listing Details

  • CapRate: 5.75
  • Property Attached: Yes
  • Subdivision Name Other: Eastside North (ENCM)
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 43927129
  • Year Built: 1976
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 501.63

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 12.00
  • Total Parking Spaces: 12.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Dog Park, Gutters, Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 43927128
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Back Yard, Lawn, Lot 10000-19999 Sqft, Rectangular Lot, Yard
  • Lot Size Sq Ft: 17955.00
  • Lot Size Acres: 0.4122

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average2 Bed Area: 1387 Square Feet
  • Average3 Bed Area: 1500 Square Feet
  • Average Studio Area: 1100 Square Feet
  • Gross Income: 258000.00
  • Gross Scheduled Income: 258000.00
  • Lot Size Area: 17955.0000 Square Feet
  • Net Operating Income: 236000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Carpet: 6
  • Number With Dishwasher: 6
  • Number With Disposal: 6
  • Number With Drapes: 6
  • Number With Patio: 6
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Operating Expense: 22000.00
  • Rent Control: No
  • Total Actual Rent: 21500.00
  • Total Expenses: 22000.00

Tax Info

  • Tax Census Tract: 632.01
  • Tax Lot: 28
  • Tax Tract Number: 300
  • TaxOtherAnnualAssessmentAmount: 1808.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
04/17/2023 04/17/23 Sold $4,000,000 -4.6% $502 / Sq Ft
03/13/2023 03/13/23 Pending -- -- --
03/06/2023 03/06/23 For Sale $4,195,000 -- $526 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $23,531 $2,080,800 $1,742,670 $338,130
2024 $23,531 $2,040,000 $1,708,500 $331,500
2023 $15,506 $1,296,085 $1,057,022 $239,063
2022 $15,172 $1,270,672 $1,036,296 $234,376
2021 $14,791 $1,245,757 $1,015,976 $229,781
2020 $14,607 $1,232,984 $1,005,559 $227,425
2019 $14,286 $1,208,808 $985,842 $222,966
2018 $13,996 $1,185,106 $966,511 $218,595
2017 $13,766 $1,161,869 $947,560 $214,309
2016 $13,477 $1,139,088 $928,981 $210,107
2015 $13,351 $1,121,978 $915,027 $206,951
2014 $12,665 $1,062,946 $814,371 $248,575
Source: Public Records

Agents Affiliated with this Home

  • Blake Nelle

    Seller's Agent in 2023

    Blake Nelle

    Coldwell Banker Realty

    (949) 734-6500

    6 in this area

    59 Total Sales

    Blake Nelle
    Section Image

  • T

    Buyer's Agent in 2023

    Tom Williams

    Windsor Inv., Inc.

    (714) 423-6681

    1 in this area

    24 Total Sales

    Tom Williams
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP23037338

California Regional Multiple Listing Service (CRMLS)

APN: 439-271-29

California Orange County Costa Mesa 92627 Eastside Costa Mesa

125 E Wilson St, Costa Mesa, CA

Not Listed for Sale

Condos

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