NOT LISTED FOR SALE

136 E Bay St Costa Mesa, CA 92627

Eastside Costa Mesa Neighborhood
3 Beds
2 Baths
2,736 Sq Ft
6,000 Sq Ft Lot

Last Sold December 07, 2012

Last sale price $920,000 $336 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 next door at 132 E Bay is 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 Mtg & Rlty License #01168768

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
  • Assigned Parking
  • Community Parking Structure

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot D
  • Tax Tract Number 632
  • Assessor Parcel Number 42618203

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $452
  • Insurance Expense $1,900
  • Maintenance Expense $600
  • Professional Management Expense $4,267
  • Trash Expense $765
  • Water Sewer Expense $1,293
  • New Taxes Expense $11,790
  • Gross Income $4,900
  • Net Operating Income $38,868

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 4.10
  • Professional Management Expense: 4267.00
  • View: No
  • Water Sewer Expenses: 1293.00
  • Property Type: Residential Income
  • Parcel Number: 42618203
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 336.26

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No
  • Parking Features: Assigned, 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

Multi Family

  • Electric Expense: 452.00
  • Gross Income: 4900.00
  • Gross Multiplier: 16.14
  • Gross Scheduled Income: 58800.00
  • Insurance Expense: 1900.00
  • Lot Size Area: 6000.0000 Square Feet
  • Maintenance Expense: 600.00
  • Net Operating Income: 38868.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 21518.00

Tax Info

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

Range of Values:

--
Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
12/07/2012 12/07/12 Sold $920,000 -12.4% $336 / 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 Compared to Growth

Source: Public Records

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 $13,551 $1,132,908 $1,044,208 $88,700
2024 $13,551 $1,110,695 $1,023,734 $86,961
2023 $13,142 $1,088,917 $1,003,661 $85,256
2022 $12,668 $1,067,566 $983,981 $83,585
2021 $12,224 $1,046,634 $964,687 $81,947
2020 $12,107 $1,035,903 $954,796 $81,107
2019 $11,878 $1,015,592 $936,075 $79,517
2018 $11,652 $995,679 $917,721 $77,958
2017 $11,453 $976,156 $899,726 $76,430
2016 $11,205 $957,016 $882,084 $74,932
2015 $11,092 $942,641 $868,834 $73,807
2014 $10,834 $924,176 $851,814 $72,362
Source: Public Records

Agents Affiliated with this Home

  • Patrick Bartolic

    Seller's Agent in 2012

    Patrick Bartolic

    Coldwell Banker Realty

    (949) 463-6328

    9 Total Sales

    Patrick Bartolic
    Section Image
  • Cheng Kao

    Buyer's Agent in 2012

    Cheng Kao

    Kingsamerica Mtg & Rlty

    (714) 478-8868

    6 Total Sales

    Cheng Kao
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U12003524

California Regional Multiple Listing Service (CRMLS)

APN: 426-182-03

California Orange County Costa Mesa 92627 Eastside Costa Mesa

136 E Bay St, Costa Mesa, CA

Not Listed for Sale

MultiFamily

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