NOT LISTED FOR SALE
6 Beds
5 Baths
2,592 Sq Ft
9,148 Sq Ft Lot

Last Sold March 28, 2024

Last sale price $2,150,000 $829 Per Sq Ft

43 Days on Market

Highlights

  • Quartz Countertops
  • No HOA
  • Recessed Lighting
  • Heinz Kaiser Elementary School Rated A
  • Living Room
  • Laundry Room

About This Home

As of March 2024

We are pleased to present the sale of 140 Albert Pl, a 3 unit multifamily property located in Eastside Costa Mesa. This property consists of (1) detached 2 bedroom / 1 bathroom front house and (2) 2 bedroom / 2 bathroom back units. The front house has a charming front porch, in unit laundry hook-ups, laminate flooring, private yard space, recessed lighting, and an updated kitchen. The other two units have private balconies, separate entrances, recessed lighting, vaulted ceilings, and large utility rooms with laundry hook-ups. All units are well maintained, separately metered for gas/electricity and have private garages. Buyer to confirm with the City, but there is a possibility to complete an ADU garage conversion. This asset is located in one of the most desirable rental markets in Orange County and offers tenants close proximity to parks, top rated schools, beaches, and all the amenities 17th street has to offer!

Last Agent to Sell the Property

Chris Maddy

Pacific Sotheby's Int'l Realty Brokerage Phone: 949-294-5408 License #01946797 Listed on: 01/15/2024

Pacific Sotheby's Int'l Realty

Co-Listed By

Tim Carr

Pacific Sotheby's Int'l Realty Brokerage Phone: 949-294-5408 License #01017277

Last Buyer's Agent

Daniel Blackwell

CB Richard Ellis, Inc. License #01854961

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1981

Lot Details

  • 9,148 Sq Ft Lot
  • No Common Walls
  • Vinyl Fence
  • Landscaped
  • Sprinkler System

Parking

  • 4 Car Garage

Home Design

  • Triplex
  • Patio Home
  • Composition Roof

Interior Spaces

  • 2,592 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Blinds
  • Living Room

Kitchen

  • Gas Cooktop
  • Dishwasher
  • Quartz Countertops
  • Tile Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 35
  • Tax Tract Number 114
  • Assessor Parcel Number 42605413

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Eastside North Subdivision

Recreation

  • Bike Trail

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,500
  • Maintenance Expense $2,250
  • Other Expense $2,000
  • Water Sewer Expense $1,500
  • New Taxes Expense $23,090
  • Operating Expense $31,340
  • Net Operating Income $82,150

Property Details

Home Type

Multi-Family

Year Built

Built in 1981

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 733000
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Eastside North (ENCM)
  • View: No
  • Water Sewer Expenses: 1500.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 42605413
  • Year Built: 1981
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Quartz Counters, Recessed Lighting, Tile Counters
  • Stories: 1
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 829.48
  • Room Type: Kitchen, Living Room
  • Window Features: Blinds

Exterior Features

  • Fence: Yes
  • Fencing: Vinyl
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooktop
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lot 6500-9999, Patio Home, Sprinkler System
  • Lot Size Sq Ft: 9148.00
  • Lot Size Acres: 0.2100

Multi Family

  • Gross Scheduled Income: 117000.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 9148.0000 Square Feet
  • Maintenance Expense: 2250.00
  • Net Operating Income: 82150.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 31340.00
  • Other Expense: 2000.00
  • Other Expense Description: Gardener
  • Rent Control: No
  • Total Expenses: 31340.00

Tax Info

  • New Taxes Expense: 23090.00
  • Tax Census Tract: 632.01
  • Tax Lot: 35
  • Tax Tract Number: 114

Range of Values:

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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 Change Sq Ft Price
03/28/2024 03/28/24 Sold $2,150,000 -2.2% $829 / Sq Ft
02/27/2024 02/27/24 Pending -- -- --
01/30/2024 01/30/24 Price Changed $2,199,000 -2.2% $848 / Sq Ft
01/15/2024 01/15/24 For Sale $2,249,000 -- $868 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP24006512

California Regional Multiple Listing Service (CRMLS)

APN: 426-054-13