NOT LISTED FOR SALE
5 Beds
5 Baths
4,564 Sq Ft
0.39 Acre Lot

Sale Details

Date Sold: March 8, 2016

Last sale price $2,012,500 $441 Per Sq Ft

17 Days on Market

Highlights

  • 0.39 Acre Lot
  • Circular Driveway
  • Laundry Facilities
  • No HOA
  • 10 Detached Carport Spaces
  • Wall Furnace

About This Home

As of March 2016

128 Virginia Place is a 7-unit investment property on the East-Side of Costa Mesa, California. The property consists of 6 one-bedroom/one-bathroom units in a two story building(each with a private patio or balcony) and a 2 bedroom 2 bath house with a fireplace, a sun porch and large attic. There is a garage in the rear of the property, along with 10 carport spaces and a Coin-Op Laundry room. Located in a desirable area close to shopping, schools, freeways and the beach is about 3 miles away! Long term month-to-month tenants and low rents offer an upside potential!

Last Agent to Sell the Property

Jan Hanly

Realty One Group West License #01241752 Listed on: 08/07/2015

Realty One Group West

Last Buyer's Agent

Kevin Smith

Arbor Real Estate License #01417297

Arbor Real Estate
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 16,988 Sq Ft Lot
  • Two or More Common Walls
  • Fence is in average condition
  • Manual Sprinklers System

Parking

  • 2 Car Garage
  • 10 Detached Carport Spaces
  • Parking Available
  • Circular Driveway
  • Assigned Parking

Home Design

  • 4,564 Sq Ft Home
  • Property Attached
  • Composition Roof
  • Stucco

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Laundry

  • 220 Volts In Laundry

Utilities

  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV
  • Tax Lot 13
  • Tax Tract Number 114
  • Assessor Parcel Number 42605214

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • 7 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,755
  • Gardener Expense $2,145
  • Insurance Expense $1,900
  • Maintenance Expense $1,050
  • Trash Expense $3,700
  • Water Sewer Expense $1,303
  • New Taxes Expense $3,613
  • Gross Income $7,225
  • Net Operating Income $68,989

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0.39 Acres

Parking

2

Listing Details

  • Property Attached: Yes
  • Security: Smoke Detector(s)
  • Water Sewer Expenses: 1303.00
  • Property Type: Residential Income
  • Gardener Expense: 2145.00
  • Parcel Number: 42605214
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 440.95

Exterior Features

  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 10.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Circular Driveway, Detached Carport
  • Total Parking Spaces: 24.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Electric: 220 Volts in Laundry
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Sewer Paid
  • Trash Expense: 3700.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Lot 10000-19999 Sqft, Sprinklers Manual
  • Lot Size Sq Ft: 16988.00
  • Price Per Lot Square Foot: 118.47
  • Lot Size Acres: 0.3900

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • Electric Expense: 3755.00
  • Gross Income: 7225.00
  • Gross Scheduled Income: 86700.00
  • Insurance Expense: 1900.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 16988.0000 Square Feet
  • Maintenance Expense: 1050.00
  • Net Operating Income: 68989.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 18811.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 3613.00
  • Tax Area: 15044
  • Tax Lot: 13
  • Tax Tract Number: 114

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 8, 2023
Sold by
Bought by

Purchase Details

Closed on
Jun 29, 2018
Sold by
Bought by

Purchase Details

Listed on
Aug 7, 2015
Closed on
Mar 3, 2016
Sold by
Bought by
Seller's Agent
Jan Hanly
Realty One Group West
Buyer's Agent
Kevin Smith
Arbor Real Estate
List Price
$2,300,000
Sold Price
$2,012,500
Premium/Discount to List
-$287,500
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 28, 2015
Sold by
Bought by

Purchase Details

Closed on
Nov 6, 2013
Sold by
Bought by

Purchase Details

Closed on
Dec 5, 2012
Sold by
Bought by

Purchase Details

Closed on
Feb 1, 2008
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Eastside Costa Mesa, CA

See All Agents

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 Listed On Document
-- None Available
-- Wfg National Title Co
$2,012,500 Wfg National Title Co
-- None Available
-- None Available
-- None Available
-- None Available
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
Previous Owner $1,300,000
Previous Owner $940,000
Previous Owner $1,000,000
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
03/08/2016 03/08/16 Sold $2,012,500 -12.5% $441 / Sq Ft
08/24/2015 08/24/15 Pending -- -- --
08/07/2015 08/07/15 For Sale $2,300,000 -- $504 / 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
2026 $27,911 $2,398,271 $1,787,533 $610,738
2025 $27,911 $2,351,247 $1,752,484 $598,763
2024 $27,349 $2,305,145 $1,718,122 $587,023
2023 $26,894 $2,289,880 $1,706,744 $583,136
2022 $26,069 $2,244,981 $1,673,279 $571,702
2021 $25,259 $2,200,962 $1,640,469 $560,493
2020 $25,018 $2,178,394 $1,623,648 $554,746
2019 $24,536 $2,135,681 $1,591,812 $543,869
2018 $24,065 $2,093,805 $1,560,600 $533,205
2017 $23,653 $2,052,750 $1,530,000 $522,750
2016 $3,744 $164,827 $68,339 $96,488
2015 $3,694 $162,352 $67,313 $95,039
2014 $3,613 $159,172 $65,994 $93,178
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15174637

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.