NOT LISTED FOR SALE
3 Beds
2 Baths
2,736 Sq Ft
6,000 Sq Ft Lot

Sale Details

Date Sold: December 7, 2012

Last sale price $928,000 $339 Per Sq Ft

66 Days on Market

About This Home

As of December 2012

Investors welcome home to Costa Mesa and to the most sought after community in the city, The East Side! This city is host to South Coast Plaza, the Orange County Fairgrounds, Orange Coast College, and Vanguard University. The property is a fourplex and features two units of 2 bedrooms and 1 bathroom and two units of 1 bedroom and 1 bathroom. The property is the classic mid-century design and features a laundry room, a shared four car garage, deck and patio. The location is fantastic; you are close to all the things that make the Eastside so attractive to tenants. You can walk to parks, recreation, and schools. Best of all the beaches of Newport are a very short bike ride down Newport Blvd. So come invest in the Eastside of Costa Mesa and start to enjoy the benefits of owning income property in Orange County today.Note that the property at 136 E Bay street is also active on the market.

Last Agent to Sell the Property

Patrick Bartolic

Coldwell Banker Realty License #00783792 Listed on: 09/07/2012

Coldwell Banker Realty

Last Buyer's Agent

Cheng Kao

Kingsamerica Realty & Mortgage Corporation License #01168768

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 6,000 Sq Ft Lot
  • Lot Dimensions are 58x102

Home Design

  • 2,736 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • Public Parking
  • Community Parking Structure

Utilities

  • No Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot C
  • Tax Tract Number 632
  • Assessor Parcel Number 42618202

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $489
  • Insurance Expense $1,900
  • Maintenance Expense $600
  • Professional Management Expense $4,267
  • Trash Expense $765
  • Water Sewer Expense $1,418
  • New Taxes Expense $11,790
  • Gross Income $4,950
  • Net Operating Income $47,115

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

6,000 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 4.96
  • Professional Management Expense: 4267.00
  • View: No
  • Water Sewer Expenses: 1418.00
  • Property Type: Residential Income
  • Parcel Number: 42618202
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 339.18

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No
  • Parking Features: Community Structure, Public
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: No
  • Laundry: No
  • Trash Expense: 765.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 58x102
  • Lot Size Sq Ft: 6000.00
  • Lot Size Acres: 0.1380

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 489.00
  • Gross Income: 4950.00
  • Gross Multiplier: 15.56
  • Gross Scheduled Income: 61000.00
  • Insurance Expense: 1900.00
  • Lot Size Area: 6000.0000 Square Feet
  • Maintenance Expense: 600.00
  • Net Operating Income: 47115.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 13885.00

Tax Info

  • New Taxes Expense: 11790.00
  • Tax Area: 15007
  • Tax Lot: C
  • Tax Tract Number: 632

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
Mar 16, 2020
Sold by
Bought by

Purchase Details

Listed on
Sep 7, 2012
Closed on
Nov 8, 2012
Sold by
Bought by
Seller's Agent
Patrick Bartolic
Coldwell Banker Realty
Buyer's Agent
Cheng Kao
Kingsamerica Realty & Mortgage Corporation
List Price
$1,050,000
Sold Price
$928,000
Premium/Discount to List
-$122,000
-11.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$696,000
Outstanding Balance
$464,552
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2012
Sold by
Bought by

Purchase Details

Closed on
Dec 15, 2011
Sold by
Bought by

Purchase Details

Closed on
Aug 3, 2011
Sold by
Bought by

Purchase Details

Closed on
Jun 17, 2011
Sold by
Bought by

Purchase Details

Closed on
May 31, 2011
Sold by
Bought by

Purchase Details

Closed on
Sep 14, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,950
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 5, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,950
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 1996
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

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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 Available
$928,000 Fidelity National Title
-- None Available
-- Lawyers Title Co
-- Lawyers Title Co
-- None Available
-- Calcounties Title Nation
$880,000 Calcounties Title Nation
-- Investors Title Company
$845,000 Investors Title Company
-- --
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
Open $696,000
Previous Owner $564,217
Previous Owner $578,500
Previous Owner $504,950
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
12/07/2012 12/07/12 Sold $928,000 -11.6% $339 / Sq Ft
11/12/2012 11/12/12 Pending -- -- --
09/07/2012 09/07/12 For Sale $1,050,000 -- $384 / 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 $13,958 $1,165,614 $1,077,655 $87,959
2025 $13,653 $1,142,759 $1,056,524 $86,235
2024 $13,653 $1,120,352 $1,035,807 $84,545
2023 $13,242 $1,098,385 $1,015,497 $82,888
2022 $12,765 $1,076,849 $995,586 $81,263
2021 $12,319 $1,055,735 $976,065 $79,670
2020 $12,202 $1,044,910 $966,056 $78,854
2019 $11,970 $1,024,422 $947,114 $77,308
2018 $11,743 $1,004,336 $928,543 $75,793
2017 $11,543 $984,644 $910,337 $74,307
2016 $11,292 $965,338 $892,488 $72,850
2015 $11,179 $950,838 $879,082 $71,756
2014 $10,919 $932,213 $861,862 $70,351
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U12003529

California Regional Multiple Listing Service (CRMLS)

APN: 426-182-02

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