$1,700,000
SOLD JUL 17, 2025
5 Beds
3 Baths
2,020 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$842 Per Sq Ft

15% Below List Price

137 Days on Market

Highlights

  • No HOA
  • Pickleball Courts
  • Laundry Room
  • Heinz Kaiser Elementary School Rated A
  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

About This Home

As of July 2025

Great location with tons of opportunity! You can enjoy the current income, move into one of the units and use the income to help with your monthly payment, build more units, build your dream home - plenty of options.

The property has been well maintained with strong operational history, and in this location is always very easy to rent.

Last Agent to Sell the Property

Chris Pettit

Skyline Commercial Real Estate Brokerage Phone: 626-664-9863 License #01983950 Listed on: 12/23/2024

Last Buyer's Agent

Chris Pettit

Skyline Commercial Real Estate Brokerage Phone: 626-664-9863 License #01983950 Listed on: 12/23/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,992

Year Built

  • Built in 1947

Lot Details

  • 6,534 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot

Home Design

  • Apartment

Interior Spaces

  • 2,020 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Location

  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

Listing and Financial Details

  • Legal Lot and Block 16 / A
  • Tax Tract Number 314
  • Assessor Parcel Number 42545141
  • $1,423 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Recreation

  • Pickleball Courts
  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $4,179
  • Insurance Expense $1,818
  • Water Sewer Expense $876
  • New Taxes Expense $19,729
  • Operating Expense $30,962
  • Gross Income $97,500
  • Net Operating Income $63,613

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,992

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 3.39
  • Price Per Unit: 625000
  • Property Attached: Yes
  • Water Sewer Expenses: 876.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 42545141
  • Year Built: 1947
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: Front
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 841.58

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Amenities: Pickleball
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: None

Multi Family

  • Electric Expense: 4179.00
  • Gross Income: 97500.00
  • Gross Multiplier: 19.23
  • Gross Scheduled Income: 97500.00
  • Insurance Expense: 1818.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 63613.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 30962.00
  • Rent Control: No
  • Total Actual Rent: 8000.00
  • Total Expenses: 30962.00
  • Vacancy Allowance: 2880
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 19729.00
  • Tax Block: A
  • Tax Census Tract: 633.01
  • Taxes Percent: 1.05
  • Tax Lot: 16
  • Tax Tract Number: 314
  • Tax Annual Amount: 20992.00
  • TaxOtherAnnualAssessmentAmount: 1423.00

Similar Homes in the area

  • 1947 Fullerton Ave, Costa Mesa, CA 92627

    $2,100,000

    • 6 Beds
    • 4 Baths
    • 2,496 Sq Ft
    • 1947 Fullerton Ave
    • Costa Mesa, CA

    This 4 Plex features include new cabinetry, stainless steel appliances, quartz countertops, laminate flooring, recessed lighting, dual pane windows, and private yard space, private interior laundry space. Close proximity to beaches, parks, The Triangle, and all the amenities 17th street has to offer!

    Jim Chin Chang Jim Chang Company

    Section Image
  • 664 Center St Unit A B & C, Costa Mesa, CA 92627

    $1,900,000

    • 7 Beds
    • 4 Baths
    • 3,150 Sq Ft
    • 664 Center St
    • Unit A B & C
    • Costa Mesa, CA

    Whether you're looking for a multi-family residence, an investment opportunity, or a place to call home while renting out the other units, this income generating triplex offers endless possibilities. There are three units with solid rental income. Unit A and B have the same floor plan. Single level with no one above or below. Two large rooms with walk in closets and one bathroom. Unit A has a

    Linda StearnsPlotkin Realty One Group West

    Section Image
  • 735 James St, Costa Mesa, CA 92627

    $1,735,000

    • 6 Beds
    • 4 Baths
    • 3,488 Sq Ft
    • 735 James St
    • Costa Mesa, CA

    Rare Opportunity in Prime Costa Mesa! One of the most well-maintained and thoughtfully updated 4-plexes you’ll find in all of Orange County. This exceptional property features two spacious 2-bedroom, 1-bath units with expansive private patios—perfect for entertaining or summer barbecues—and two charming 1-bedroom, 1-bath units, each with its own balcony. Recent upgrades include a brand-new roof,

    MaryLou AdameMartinez Re/Max Coastal Homes

    Section Image
  • 225 Knox St, Costa Mesa, CA 92627

    $2,100,000

    • 5 Beds
    • 2 Baths
    • 2,170 Sq Ft
    • 225 Knox St
    • Costa Mesa, CA

    Original duplex is Eastside Costa Mesa. The front unit features 2 bedrooms, 1 bathroom, living room, kitchen w/dining area, laundry room off the kitchen, and a 1 car garage. The back unit has 3 bedrooms, 1 bathroom, kitchen w/dining area, inside laundry area off the kitchen, a large private patio, and a 1 car garage. Sale is subject to a 1031 exchange.

    Esther Fine Surterre Properties Inc.

    Section Image
  • 117 Clearbrook Ln, Costa Mesa, CA 92626

    $1,769,000

    • 4 Beds
    • 3 Baths
    • 3,326 Sq Ft
    • 117 Clearbrook Ln
    • Costa Mesa, CA

    This triplex offers an incredible opportunity with loyal tenants and good rental income in one of the most sought-after areas of Costa Mesa. Conveniently located directly across from the Fairgrounds and Vanguard University. With easy access to major attractions, shopping, dining, and public transportation, this property is ideally situated for convenience and comfort. The triplex consists of two

    Melissa Wiesen eXp Realty of California Inc

    Section Image
  • 101 Clearbrook Ln, Costa Mesa, CA 92626

    $1,695,000

    • 4 Beds
    • 3 Baths
    • 2,528 Sq Ft
    • 101 Clearbrook Ln
    • Costa Mesa, CA

    Located in the heart of Costa Mesa, this well-maintained triplex offers one 2 bedroom 1 bath unit and two 1 bedroom 1 bath units, each with its own private patio and garage. The property has been thoughtfully updated over time while keeping each unit’s original charm. Upgrades include remodeled kitchens and bathrooms, updated flooring, newer vinyl windows and garage doors, an improved sewer line,

    Kacey Taormina Compass

    Section Image
  • 2976 Royal Palm Dr, Costa Mesa, CA 92626

    $2,050,000

    • 8 Beds
    • 4 Baths
    • 3,550 Sq Ft
    • 2976 Royal Palm Dr
    • Costa Mesa, CA

    FANTASTIC LOCATION! Welcome to this amazing opportunity!! Easy access to shopping & restaurants: The Camp, South Coast Plaza, plus major freeways 405,55,73. Tenants can also enjoy effortless commuting with nearby bus routes and walking distance to more shopping. Outstanding property for investors in the heart of Mesa Verde! The roof was replaced in October 2017. Plus there are 3 newer

    Alma Del Valle Lugo Brothers RE

    Section Image
  • 3098 Coral Ave, Costa Mesa, CA 92626

    $2,174,999

    • 5 Beds
    • 4 Baths
    • 4,967 Sq Ft
    • 3098 Coral Ave
    • Costa Mesa, CA

    Incredible investment opportunity in the heart of Costa Mesa! This property is a spacious fourplex offering a total of 9 bedrooms, 8 bathrooms, and approximately 4,966 square feet of living space. The front unit is a 3-bedroom, 2-bathroom residence featuring its own front yard, private backyard, and ideal separation from the other units, perfect for an owner-occupant or premium rental. Tucked

    Rory Ellis Prosper Real Estate

    Section Image
  • 414 Nobel Ave Unit D, Santa Ana, CA 92707

    $1,625,000

    • 8 Beds
    • 7 Baths
    • 4,214 Sq Ft
    • 414 Nobel Ave
    • Unit D
    • Santa Ana, CA

    This great 4-plex is centrally located in the South Coast Metro vicinity and is always a high-demand area for renters. Situated near the end of tree lined cul-de-sac offers a very desirable location. The building is well maintained and has an ideal mix of units: A 3 bed/2ba, A 1bed/1ba and 2 units have 2bed/2ba. Each unit has a private, enclosed garage and there are a couple of parking spaces

    Shannon Parker Agent 1 Real Estate Inc.

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2025 07/17/25 Sold $1,700,000 -9.3% $842 / Sq Ft
05/09/2025 05/09/25 Pending -- -- --
03/17/2025 03/17/25 Price Changed $1,875,000 -3.8% $928 / Sq Ft
02/17/2025 02/17/25 Price Changed $1,950,000 -2.3% $965 / Sq Ft
12/23/2024 12/23/24 For Sale $1,995,000 0.0% $988 / Sq Ft
09/10/2024 09/10/24 Rented $1,950 0.0% --
08/29/2024 08/29/24 For Rent $1,950 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

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: OC24252699

California Regional Multiple Listing Service (CRMLS)