NOT LISTED FOR SALE
4 Beds
4 Baths
2,280 Sq Ft
8,712 Sq Ft Lot

Last Sold June 17, 2024

Last sale price $2,125,000 $932 Per Sq Ft

215 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • Level Lot
  • Heinz Kaiser Elementary School Rated A
  • Landscaped
  • Vinyl Flooring

About This Home

As of June 2024

Welcome to this rare opportunity to own a Triplex comprising two buildings nestled on an expansive 8,500+ SF Corner Lot in the highly sought-after East Side Costa Mesa neighborhood. This property presents an ideal combination of modern upgrades, convenience, and the potential for future growth, making it a must-see for investors and homeowners alike.
Front Unit: 2 Bed, 2 Bath Standalone SFR
The front unit of this triplex is a beautifully renovated 2-bedroom, 2-bathroom home that exudes warmth and comfort. Offering the privacy of a standalone single-family residence, this dwelling boasts an inviting interior that has undergone extensive renovations, providing a contemporary and stylish living space. The thoughtful layout allows for seamless movement from the spacious living areas to the well-appointed bedrooms. This unit comes complete with a large front and back yard, creating a perfect oasis for relaxation and entertaining.
Rear Building: Top and Bottom Duplex
Situated at the rear of the lot, each unit comprised of 1 bedroom and 1 bathroom. These renovated units offer comfortable living spaces and the added convenience of individual laundry facilities on-site. The duplex units are blessed with a generous yard space, affording residents the luxury of outdoor enjoyment and the prime opportunity for pets.
Located on a corner lot, this triplex benefits from dual access points. The duplex can be conveniently accessed from Elden Ave driveway, while the front house enjoys direct driveway access from Cecil Pl. The East Side Costa Mesa locale is renowned for its charming ambiance, tree-lined streets, and proximity to an array of amenities. Residents can relish easy access to local shops, restaurants, parks, and top-rated schools, enhancing the appeal of this already highly desirable property.

As a unique bonus, this triplex offers significant potential for future expansion and added value. With the generous lot size, there is ample room to accommodate an ADU (Accessory Dwelling Unit) in between both buildings, providing a chance to increase rental income or accommodate extended family members while further enhancing the property's overall value.

Whether you are seeking a lucrative investment opportunity or a place to call home, this property promises versatility, modern amenities, and a prime location.

Last Agent to Sell the Property

Tyler Rogina

Compass Brokerage Phone: 562-999-1885 License #01925584 Listed on: 11/01/2023

Compass

Last Buyer's Agent

William Sears

Coldwell Banker Realty License #01491739

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 8,712 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Level Lot
  • Lawn
  • Density is up to 1 Unit/Acre

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 2,280 Sq Ft Home
  • 2-Story Property
  • Vinyl Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 41
  • Tax Tract Number 114
  • Assessor Parcel Number 42606301
  • $2,034 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,500
  • Gardener Expense $1,020
  • Insurance Expense $1,875
  • Water Sewer Expense $1,164
  • New Taxes Expense $24,145
  • Operating Expense $29,704
  • Gross Income $10,000
  • Net Operating Income $87,896

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • CapRate: 4.00
  • Property Attached: No
  • Water Sewer Expenses: 1164.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1020.00
  • Parcel Number: 42606301
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Vinyl
  • Entry Level: 1
  • Price Per Square Foot: 932.02

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, In Closet, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Landscaped, Lawn, Level with Street
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000
  • Latitude Manual: 33.65201800

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 1500.00
  • Gross Income: 10000.00
  • Gross Scheduled Income: 120000.00
  • Insurance Expense: 1875.00
  • Lot Size Area: 8712.0000 Square Feet
  • Net Operating Income: 87896.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Range: 3
  • Operating Expense: 32104.00
  • Rent Control: No
  • Total Expenses: 29704.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 24145.00
  • Tax Census Tract: 632.01
  • Tax Lot: 41
  • Tax Tract Number: 114
  • TaxOtherAnnualAssessmentAmount: 2034.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
06/17/2024 06/17/24 Sold $2,125,000 -1.8% $932 / Sq Ft
06/04/2024 06/04/24 Pending -- -- --
03/20/2024 03/20/24 Price Changed $2,165,000 -1.4% $950 / Sq Ft
01/08/2024 01/08/24 For Sale $2,195,000 +3.3% $963 / Sq Ft
12/25/2023 12/25/23 Off Market $2,125,000 -- --
12/18/2023 12/18/23 For Sale $2,195,000 0.0% $963 / Sq Ft
11/21/2023 11/21/23 Pending -- -- --
11/15/2023 11/15/23 For Sale $2,195,000 0.0% $963 / Sq Ft
11/05/2023 11/05/23 Pending -- -- --
11/01/2023 11/01/23 For Sale $2,195,000 -- $963 / 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 $18,570 $2,125,000 $2,034,789 $90,211
2024 $18,570 $1,530,000 $1,445,453 $84,547
2023 $11,280 $861,253 $754,493 $106,760
2022 $10,915 $288,733 $204,397 $84,336
2021 $4,729 $283,072 $200,389 $82,683
2020 $4,627 $280,170 $198,334 $81,836
2019 $4,502 $274,677 $194,445 $80,232
2018 $4,402 $269,292 $190,633 $78,659
2017 $4,344 $264,012 $186,895 $77,117
2016 $4,270 $258,836 $183,231 $75,605
2015 $4,232 $254,949 $180,479 $74,470
2014 $4,153 $249,955 $176,943 $73,012
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23198880

California Regional Multiple Listing Service (CRMLS)

APN: 426-063-01