NOT LISTED FOR SALE

Estimated Value: $1,952,000 - $2,239,414

4 Beds
4 Baths
2,041 Sq Ft
$1,029/Sq Ft Est. Value

Last Sold December 23, 2020

Last sale price $1,325,000 $649 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $12,374/month

41 Days on Market

Highlights

  • Wood Flooring
  • Double Pane Windows
  • Recessed Lighting
  • Heinz Kaiser Elementary School Rated A
  • Cooling System Mounted To A Wall/Window
  • Laundry Room

About This Home

As of December 2020

We are pleased to present the sale of 139 Albert Pl, located in Eastside Costa Mesa. This turn key duplex offers multiple opportunities for either the investor looking to grow their real estate portfolio, or for an owner user looking to live in one unit while generating excellent income from the other. 139 Albert Pl consists of two detached houses with impressive upgrades. Each unit is separately metered for electricity as well as gas, and has two single car garages along with extra on site parking. The front house has 2 bedrooms, 2 bathrooms, hickory wood floors, updated kitchen, wood burning fireplace, in unit laundry, air conditioning, large front fenced in front yard, and a nice sized backyard space. The back house has 2 bedrooms, 1 ½ bathrooms, fireplace, large private backyard, balcony off one bedroom, and direct access from the garage. This asset is located in one of the most desirable rental markets in Orange County and offers tenants close proximity to major freeways, John Wayne Airport, and all the shopping and dining options 17th street has to offer. This is one investment opportunity you do not want to miss!

Last Agent to Sell the Property

Tim Carr

Pacific Sotheby's Int'l Realty License #01017277 Listed on: 10/22/2020

Last Buyer's Agent

Rob Magnotta

First Team Real Estate License #01804676

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,346

Year Built

  • Built in 1932

Lot Details

  • 6,970 Sq Ft Lot
  • No Common Walls
  • Sprinkler System
  • Back and Front Yard

Parking

  • 2 Car Garage

Interior Spaces

  • 2,041 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Family Room
  • Living Room with Fireplace

Kitchen

  • Electric Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Water Heater

Listing and Financial Details

  • Tax Lot 26
  • Tax Tract Number 114
  • Assessor Parcel Number 42605306

Community Details

Overview

  • 2 Buildings
  • 2 Units

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $14,585

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,346

Year Built

Built in 1932

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: ESCM
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 42605306
  • Year Built: 1932
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Recessed Lighting
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 649.19
  • Room Type: Family Room, Kitchen, Master Bathroom
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Gas Cooktop, Microwave, Refrigerator, Water Heater
  • Heating Type: Central, Fireplace(s)
  • Laundry Features: In Garage, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Sprinkler System
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Multi Family

  • Gross Scheduled Income: 83940.00
  • Lot Size Area: 6970.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 14585.00
  • Tax Census Tract: 632.01
  • Tax Lot: 26
  • Tax Tract Number: 114

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2020
Closed on
Dec 21, 2020
Sold by
Werle John
Bought by
Levy Warren L
Seller's Agent
Tim Carr
Pacific Sotheby's Int'l Realty
Buyer's Agent
Rob Magnotta
First Team Real Estate
List Price
$1,389,000
Sold Price
$1,325,000
Premium/Discount to List
-$64,000
-4.61%
Current Estimated Value
$2,099,604

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$774,604
Avg. Annual Appreciation
9.98%
Original Mortgage
$795,000
Outstanding Balance
$709,049
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,390,555

Purchase Details

Listed on
Feb 10, 2015
Closed on
Apr 3, 2015
Sold by
Sale Sheila K
Bought by
Werle John Thomas
Seller's Agent
Donald Cutler
Don Cutler Real Estate
Buyer's Agent
Mary Golding
Christie's International R.E. Southern California
List Price
$1,045,000
Sold Price
$950,000
Premium/Discount to List
-$95,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.02%

Purchase Details

Listed on
Feb 10, 2015
Closed on
Mar 10, 2015
Sold by
Sale Sheila K
Bought by
Sale Sheila K
Seller's Agent
Donald Cutler
Don Cutler Real Estate
Buyer's Agent
Mary Golding
Christie's International R.E. Southern California
List Price
$1,045,000
Sold Price
$950,000
Premium/Discount to List
-$95,000
-9.09%

Purchase Details

Closed on
Nov 15, 2002
Sold by
Hernandez Jaime
Bought by
Hernandez Yadira D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 18, 2002
Sold by
Sale G Barrie and Sale Sheila K
Bought by
Sale G Barrie and Sale Sheila K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 5, 2002
Sold by
Sale George Barrie and Sale Sheila Kay
Bought by
Sale G Barrie and Sale Sheila K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 25, 2001
Sold by
Sale George Barrie and Sale Sheila Kay
Bought by
Sale G Barrie and Sale Sheila K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
7.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 3, 1994
Sold by
Sale G Barrie and Sale Sheila K
Bought by
Sale G Barrie and Sale Sheila K

Purchase Details

Closed on
Nov 1, 1993
Sold by
Sale C Barrie and Sale Sheila K
Bought by
Sale G Barrie and Sale Sheila K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.91%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Levy Warren L $1,325,000 North American Title Co
Werle John Thomas $923,000 First American Title Company
Sale Sheila K -- None Available
Hernandez Yadira D -- Equity Title Company
Sale G Barrie -- Commerce Title
Sale G Barrie -- --
Sale George Barrie -- Commerce Title
Sale G Barrie -- Benefit Land Title Company
Sale George Barrie -- Benefit Land Title Company
Sale G Barrie -- --
Sale G Barrie -- First American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Levy Warren L $795,000
Previous Owner Sale G Barrie $265,000
Previous Owner Sale George Barrie $240,000
Previous Owner Sale George Barrie $225,000
Previous Owner Sale G Barrie $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/23/2020 12/23/20 Sold $1,325,000 -4.6% $649 / Sq Ft
12/02/2020 12/02/20 Pending -- -- --
10/22/2020 10/22/20 For Sale $1,389,000 +46.2% $681 / Sq Ft
04/18/2015 04/18/15 Sold $950,000 -9.1% $475 / Sq Ft View Prior Sale
04/02/2015 04/02/15 Pending -- -- --
05/14/2014 05/14/14 For Sale $1,045,000 -- $523 / 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 $16,346 $1,434,222 $1,271,605 $162,617
2024 $16,346 $1,406,100 $1,246,671 $159,429
2023 $15,864 $1,378,530 $1,222,227 $156,303
2022 $15,472 $1,351,500 $1,198,261 $153,239
2021 $15,065 $1,325,000 $1,174,765 $150,235
2020 $11,765 $1,014,318 $865,047 $149,271
2019 $11,509 $994,430 $848,085 $146,345
2018 $11,275 $974,932 $831,456 $143,476
2017 $11,087 $955,816 $815,153 $140,663
2016 $10,852 $937,075 $799,170 $137,905
2015 $4,505 $331,385 $186,495 $144,890
2014 $4,411 $324,894 $182,842 $142,052
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP20222596

California Regional Multiple Listing Service (CRMLS)

APN: 426-053-06