N
Seller's Agent in 2023
Nick Gould
Morgan Skenderian
135 Broadway Costa Mesa, CA 92627
Downtown Costa Mesa NeighborhoodEstimated Value: $3,077,291
1
Bed
2
Baths
3,000
Sq Ft
$1,026/Sq Ft
Est. Value
Highlights
- No HOA
- Heinz Kaiser Elementary School Rated A
- 1-Story Property
About This Home
As of February 2023**HIGHLY MOTIVATED SELLER, PRICE REDUCED $215,000** We are pleased to offer this rare R2-HD zoned 7-unit apartment community, located at 135-37 Broadway on Costa Mesa's Eastside. This is the first time this building has ever been listed for sale and is being sold by the original builder's family. The building is comprised of (6) Studio units and (1) 1Bedroom/1-Bathroom unit. It is located just across the street from The Triangle and within walking distance of the E. 17th Street shopping and dining district. This opportunity offers investors the ability to renovate the current units and move rents up with the potential for 53% in the rental upside. The property zoning also off investors a long-term exit strategy for higher-density development.
Last Agent to Sell the Property
Nick Gould
Morgan Skenderian License #01521955 Listed on: 06/06/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $28,483
Year Built
- Built in 1936
Lot Details
- 7,796 Sq Ft Lot
- 1 Common Wall
- Density is 6-10 Units/Acre
Parking
- 4 Car Garage
Home Design
- Property Attached
Interior Spaces
- 3,000 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 1 Bedroom
- 2 Bathrooms
Listing and Financial Details
- Tax Lot 21
- Tax Tract Number 847
- Assessor Parcel Number 42545122
- $1,569 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Buildings
- 7 Units
Building Details
- Rent Control
- 8 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $5,250
- Fuel Expense $5,250
- Gardener Expense $876
- Insurance Expense $1,225
- Maintenance Expense $7,056
- New Taxes Expense $33,141
- Operating Expense $54,867
- Gross Income $129,900
- Net Operating Income $73,398
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 6, 2022
Closed on
Feb 21, 2023
Sold by
Drw Properties Llc
Bought by
Starboard Horizon Partners I Llc
Seller's Agent
Nick Gould
Morgan Skenderian
Buyer's Agent
Cameron Jacques
Kinnery's Brokerage House
List Price
$3,150,000
Sold Price
$2,450,000
Premium/Discount to List
-$700,000
-22.22%
Views
46
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$627,291
Avg. Annual Appreciation
8.10%
Original Mortgage
$1,600,000
Interest Rate
6.33%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 23, 2020
Sold by
135 Broadway Llc
Bought by
Drw Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
2.8%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 29, 2014
Sold by
Ward Donald Douglas
Bought by
135 Broadway Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$628,900
Interest Rate
4.13%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 19, 2008
Sold by
Ward Donald R
Bought by
Ward Donald R
Purchase Details
Closed on
Jan 17, 2008
Sold by
Ward Donald R
Bought by
Ward Donald R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.17%
Mortgage Type
Commercial
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Starboard Horizon Partners I Llc | $2,450,000 | Chicago Title Company | |
| Drw Properties Llc | -- | Chicago Title Co Com Div | |
| 135 Broadway Llc | -- | Fatcola | |
| Ward Donald Douglas | -- | Fatcola | |
| Ward Donald R | -- | None Available | |
| Ward Donald R | -- | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Starboard Horizon Partners I L | $1,870,000 | |
| Closed | Starboard Horizon Partners I Llc | $1,600,000 | |
| Previous Owner | Drw Properties Llc | $750,000 | |
| Previous Owner | 135 Broadway Llc | $628,900 | |
| Previous Owner | Ward Donald R | $500,000 | |
| Previous Owner | Ward Donald R | $250,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/23/2023 02/23/23 | Sold | $2,450,000 | -16.5% | $817 / Sq Ft |
| 12/02/2022 12/02/22 | Pending | -- | -- | -- |
| 08/01/2022 08/01/22 | Price Changed | $2,935,000 | -6.8% | $978 / Sq Ft |
| 06/06/2022 06/06/22 | For Sale | $3,150,000 | -- | $1,050 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | $28,483 | $2,548,980 | $2,411,131 | $137,849 |
| 2024 | $28,483 | $2,499,000 | $2,363,853 | $135,147 |
| 2023 | $4,688 | $253,217 | $129,497 | $123,720 |
| 2022 | $4,368 | $248,252 | $126,957 | $121,295 |
| 2021 | $4,130 | $243,385 | $124,468 | $118,917 |
| 2020 | $4,089 | $240,890 | $123,192 | $117,698 |
| 2019 | $4,035 | $236,167 | $120,776 | $115,391 |
| 2018 | $3,969 | $231,537 | $118,408 | $113,129 |
| 2017 | $3,908 | $226,998 | $116,087 | $110,911 |
| 2016 | $3,835 | $222,548 | $113,811 | $108,737 |
| 2015 | $3,790 | $219,206 | $112,102 | $107,104 |
| 2014 | $3,708 | $214,913 | $109,907 | $105,006 |
Source: Public Records
Agents Affiliated with this Home
-
-
Rick Applebaum
Seller Co-Listing Agent in 2023
Rick Applebaum
Morgan Skenderian
(949) 251-8800
1 in this area
65 Total Sales
-
Cameron Jacques
Buyer's Agent in 2023
Cameron Jacques
Kinnery's Brokerage House
(562) 800-0838
1 in this area
54 Total Sales
-
E
Buyer Co-Listing Agent in 2023
Erik Frankl
Kinnery's Brokerage House
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22120993
APN: 425-451-22
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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