Seller's Agent in 2021
Marcel Ford
Old Newport Realty
(949) 887-0236
1 in this area
24 Total Sales
126 Magnolia St Costa Mesa, CA 92627
Downtown Costa Mesa Neighborhood
6
Beds
4
Baths
3,400
Sq Ft
0.25
Acres Lot
Highlights
- Lawn
- No HOA
- 4 Car Garage
- Heinz Kaiser Elementary School Rated A
- Laundry Room
- Level Lot
About This Home
As of May 2021Located on a very rare super-sized, extra wide lot that's a few feet short of 11,000 SF (1/4 acre) is a very well cared for triplex in Eastside Costa Mesa. It's been owned by the same owner for over 35 years and been very well maintained. The front house is approximately 1,200 SF with two bedrooms, two bathrooms, granite counters in kitchen as well as bathrooms, has an extra den/office/bedroom, washer/dryer hookups, laminate wood flooring, private fenced front yard and back patio area, plus an attached two car garage, roof recently updated, driveway with side yard ideal for a small RV or boat. The two rear units are comprised of an one upper unit and one lower unit and are approximately 1,100 SF each with two bedrooms, one bath, washer/dryer, rooftop deck and large deck above garage, one car garage for each unit as well as roof updates scheduled. The property has updated electrical, mostly copper piping with plenty of parking. This property is very close to shops and restaurants at Triangle Square, 17th Street, and immediate access to the 55 freeway. Everyone are on month-to-month leases with slightly below market rents due to long-term tenancy and/or friends of owner.
Last Agent to Sell the Property
Old Newport Realty License #01064293 Listed on: 03/23/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1965
Lot Details
- 10,968 Sq Ft Lot
- 1 Common Wall
- Level Lot
- Lawn
- Back Yard
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Property Attached
- Composition Roof
Interior Spaces
- 3,400 Sq Ft Home
- 2-Story Property
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Wall Furnace
- Sewer Paid
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 5
- Tax Tract Number 847
- Assessor Parcel Number 42545128
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $3,600
- Trash Expense $600
- Water Sewer Expense $1,200
- New Taxes Expense $17,600
- Operating Expense $23,000
- Gross Income $72,000
- Net Operating Income $49,000
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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 |
|---|---|---|---|---|
| 05/10/2021 05/10/21 | Sold | $1,675,000 | +4.7% | $493 / Sq Ft |
| 04/03/2021 04/03/21 | For Sale | $1,600,000 | -4.5% | $471 / Sq Ft |
| 04/02/2021 04/02/21 | Pending | -- | -- | -- |
| 03/29/2021 03/29/21 | Off Market | $1,675,000 | -- | -- |
| 03/23/2021 03/23/21 | For Sale | $160,000 | -- | $47 / 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 | $21,196 | $1,813,073 | $1,623,648 | $189,425 |
| 2024 | $21,196 | $1,777,523 | $1,591,812 | $185,711 |
| 2023 | $20,514 | $1,742,670 | $1,560,600 | $182,070 |
| 2022 | $19,899 | $1,708,500 | $1,530,000 | $178,500 |
| 2021 | $6,134 | $423,192 | $281,761 | $141,431 |
| 2020 | $6,033 | $418,853 | $278,872 | $139,981 |
| 2019 | $5,893 | $410,641 | $273,404 | $137,237 |
| 2018 | $5,771 | $402,590 | $268,043 | $134,547 |
| 2017 | $5,801 | $394,697 | $262,788 | $131,909 |
| 2016 | $5,693 | $386,958 | $257,635 | $129,323 |
| 2015 | $5,639 | $381,146 | $253,765 | $127,381 |
| 2014 | $5,525 | $373,680 | $248,794 | $124,886 |
Source: Public Records
Agents Affiliated with this Home
-
Marcel Ford
-
Damon Burris
Seller Co-Listing Agent in 2021
Damon Burris
Damon Burris, Broker
(949) 307-8613
1 in this area
15 Total Sales
-
Susie McKibben
Buyer's Agent in 2021
Susie McKibben
Compass
(949) 500-5327
1 in this area
41 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP21060820
APN: 425-451-28
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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