NOT LISTED FOR SALE

131 Albert Place Costa Mesa, CA 92627

Eastside Costa Mesa Neighborhood
6 Beds
4 Baths
2,500 Sq Ft
10,019 Sq Ft Lot

Last Sold August 30, 2017

Last sale price $1,010,000 $404 Per Sq Ft

94 Days on Market

About This Home

As of August 2017

HUGE PRICE REDUCTION! Great Opportunity for this Eastside Costa Mesa Triplex. This 10,000+ square foot lot is zoned R-2 Medium Density and may be eligible for City of Costa Mesa Residential Small Lot Subdivision. Wonderful opportunity for owner-occupant, investor and/or developer. Front single family house is a 3 Bedroom/2 bath. The rear duplex has a 1 bedroom/1bath and a 2 bedroom/1bath. Both rear units have HUGE yards! All units have a private one car garage plus additional off street parking. Great long term tenants with low rents. The amazing property is just a short distance from South Coast Plaza, Orange Coast College, Orange County Fair grounds, the beach and multiple freeways for easy access to work and play!

Last Agent to Sell the Property

Paula Rayburn

Pavilion Properties License #00882686 Listed on: 05/01/2017

Last Buyer's Agent

Ryan Edwards

Keller Williams Realty License #01709031

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 10,019 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage

Home Design

  • 2,500 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 27
  • Tax Tract Number 114
  • Assessor Parcel Number 42605304

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,280
  • Insurance Expense $3,000
  • Maintenance Expense $8,500
  • Pest Control $375
  • Professional Management Expense $2,700
  • Water Sewer Expense $800
  • Gross Income $55,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

3

Listing Details

  • Professional Management Expense: 2700.00
  • Property Attached: Yes
  • Subdivision Name Other: Eastside Central (ECCM)
  • Water Sewer Expenses: 800.00
  • Property Type: Residential Income
  • Gardener Expense: 1280.00
  • Parcel Number: 42605304
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 404.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Pest Control Expense: 375.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 10019.00

Multi Family

  • Gross Income: 55200.00
  • Gross Scheduled Income: 55200.00
  • Insurance Expense: 3000.00
  • Maintenance Expense: 8500.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 24000.00
  • Rent Control: No
  • Total Actual Rent: 4600.00

Tax Info

  • Tax Census Tract: 632.01
  • Tax Lot: 27
  • Tax Tract Number: 114

Range of Values:

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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
08/30/2017 08/30/17 Sold $1,010,000 -15.5% $404 / Sq Ft
07/10/2017 07/10/17 Price Changed $1,195,000 -8.0% $478 / Sq Ft
05/01/2017 05/01/17 For Sale $1,299,000 -- $520 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Paula Rayburn

    Seller's Agent in 2017

    Paula Rayburn

    Pavilion Properties

    (949) 463-8974

    1 in this area

    5 Total Sales

    Paula Rayburn
    Section Image
  • Ryan Edwards

    Buyer's Agent in 2017

    Ryan Edwards

    Keller Williams Realty

    (714) 336-5234

    94 Total Sales

    Ryan Edwards
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP17096386

California Regional Multiple Listing Service (CRMLS)

APN: 426-053-04

California Orange County Costa Mesa 92627 Eastside Costa Mesa

131 Albert Place, Costa Mesa, CA

This home is located at 131 Albert Place, Costa Mesa, CA 92627 since 01 May 2017. This property was built in 1950. 131 Albert Place is a home located in Orange County with nearby schools including Heinz Kaiser Elementary School, Woodland Elementary School, and Horace Ensign Intermediate School.

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California Regional Multiple Listing Service (CRMLS) 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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