Seller's Agent in 2022
Brad Hinman
Compass
(949) 246-3221
30 Total Sales
131 Clearbrook Ln Costa Mesa, CA 92626
Costa Mesa Area
4
Beds
3
Baths
2,528
Sq Ft
8,276
Sq Ft Lot
Highlights
- No HOA
- Neighborhood Views
- Cul-De-Sac
- Costa Mesa High School Rated A-
- Beamed Ceilings
- 4-minute walk to Neth Park
About This Home
As of January 2022Rare opportunity to acquire a well-maintained, single-level triplex with chic curb appeal in the heart of Costa Mesa. First time on the market in over 43 years. These bungalow-style units consist of one 2-Bedroom unit and two 1-Bedroom units. Located at the end of a cul-de-sac on a tree-lined street, the property exudes character and charm. Each unit offers exposed wood beam ceilings, large living rooms, spacious master bedrooms and sizable private patios. The two-bedroom unit also enjoys a cozy fireplace, walk-in closet, dual vanities and laundry. There are three garages that can be rented out separately to generate additional income, along with ample off-street private parking at the rear of the property. Excellent long-time tenants are currently month-to-month and would like to renew their leases. Current rents are below market with upswing potential. Great opportunity for an owner/user or for an investor to add value and increase GSI. Tenant demand is very strong due to the location and the uniqueness of the property. Stroll to OCC, Vanguard University, Orange County Fairgrounds, and Costa Mesa City Hall. Just minutes from local beaches, Triangle Square, 17th Street shops & restaurants, South Coast Plaza and UC Irvine. Easy Freeway access to the 405, 55, and 73. Drive by and see the potential. Please do not disturb tenants.
The adjacent duplex located at 129 Clearbrook Lane is also available for purchase.
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 8,276 Sq Ft Lot
- Two or More Common Walls
- Cul-De-Sac
- Wood Fence
- Block Wall Fence
- Level Lot
- Sprinkler System
- Front Yard
Parking
- 3 Car Garage
- 4 Open Parking Spaces
- Parking Storage or Cabinetry
- Parking Available
- Rear-Facing Garage
- Two Garage Doors
- Parking Lot
- Off-Street Parking
Property Views
- Neighborhood
- Courtyard
Home Design
- Triplex
- Bungalow
- Entry on the 1st floor
- Slab Foundation
- Composition Roof
- Stucco
Interior Spaces
- 2,528 Sq Ft Home
- 1-Story Property
- Beamed Ceilings
- Ceiling Fan
- Living Room with Fireplace
- Carpet
Kitchen
- Electric Range
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
- 3 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
Utilities
- Cooling System Mounted To A Wall/Window
- Forced Air Heating System
- Wall Furnace
- Standard Electricity
Listing and Financial Details
- Tax Lot 10
- Tax Tract Number 5617
- Assessor Parcel Number 41914113
- $1,625 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 3 Units
Amenities
- Laundry Facilities
Building Details
- 3 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,500
- Insurance Expense $1,599
- Water Sewer Expense $1,800
- Operating Expense $4,899
- Gross Income $1,800
- Net Operating Income $38,984
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
Listed on
Dec 1, 2021
Closed on
Dec 15, 2021
Sold by
Bought by
Seller's Agent
Brad Hinman
Compass
Buyer's Agent
Michael Taormina
Compass
List Price
$1,599,000
Sold Price
$1,580,000
Premium/Discount to List
-$19,000
-1.19%
Purchase Details
Closed on
May 11, 2021
Sold by
Bought by
Purchase Details
Closed on
Oct 8, 2019
Sold by
Bought by
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 |
|---|---|---|---|
| $1,580,000 | Ticor Title Company Oc | ||
| -- | -- | ||
| -- | None Available |
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 |
|---|---|---|---|---|
| 01/03/2022 01/03/22 | Sold | $1,580,000 | -1.2% | $625 / Sq Ft |
| 12/01/2021 12/01/21 | For Sale | $1,599,000 | -- | $633 / 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 | $19,955 | $1,710,242 | $1,602,461 | $107,781 |
| 2025 | $19,534 | $1,676,708 | $1,571,040 | $105,668 |
| 2024 | $19,534 | $1,643,832 | $1,540,235 | $103,597 |
| 2023 | $18,945 | $1,611,600 | $1,510,034 | $101,566 |
| 2022 | $18,475 | $1,611,600 | $1,428,000 | $183,600 |
| 2021 | $4,376 | $255,851 | $169,914 | $85,937 |
| 2020 | $4,291 | $253,228 | $168,172 | $85,056 |
| 2019 | $4,188 | $248,263 | $164,874 | $83,389 |
| 2018 | $4,100 | $243,396 | $161,642 | $81,754 |
| 2017 | $4,045 | $238,624 | $158,473 | $80,151 |
| 2016 | $3,977 | $233,946 | $155,366 | $78,580 |
| 2015 | $3,939 | $230,432 | $153,032 | $77,400 |
| 2014 | $3,865 | $225,919 | $150,035 | $75,884 |
Source: Public Records
Agents Affiliated with this Home
-
Brad Hinman
-
Jennifer Stock
Seller Co-Listing Agent in 2022
Jennifer Stock
Compass
(949) 290-0227
18 Total Sales
-
Michael Taormina
Buyer's Agent in 2022
Michael Taormina
Compass
(949) 230-9338
18 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP21251803
APN: 419-141-13
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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