NOT LISTED FOR SALE
7 Beds
4 Baths
3,100 Sq Ft
9,226 Sq Ft Lot

Last Sold February 16, 2024

Last sale price $3,357,710 $1,083 Per Sq Ft

7 Days on Market

Highlights

  • Property is near a park
  • Wood Flooring
  • Corner Lot
  • Newport Heights Elementary Rated A
  • Attic
  • 2-minute walk to Heller Park

About This Home

As of February 2024

The perfect Costa Mesa triplex located on a sunny corner lot. Great owner user opportunity or rent all 3 units with current gross rents of $192,000/year. The front detached unit 1580 Orange is a charming black bungalow (on approx. 4,000 s/f lot), the duplex faces Knox place (on approx. 5,500 s/f lot). With 220' of street frontage each unit feels like a single family residence. The front unit (3 bedroom/2 baths) has been completely reimagined with no expense sparred and has never been lived in since it's redo. The duplex consists of two 2bd/1bath units both of which have been completely remodeled in 2023. With 11 total parking spots (1 garage, 3 carports and 7 open) there is ample parking.
As you step into 1580 Orange through a cedar wood fence and a white Oak wood Dutch door, the functional and flowing floor plan provide a beach chic vibe. The breakfast peninsula welcomes you to a brand-new kitchen that was designed with white Cafe appliances, custom Moroccan Zellige tile work, and unique details such as a plaster hood, farmhouse sink and open white oak shelving. French doors open to a private wood deck space lined with ficus, and the back and side yard are perfect for a cold plunge and outdoor sauna. The master and guest bathrooms feature high-end custom tile, and the indoor laundry room is discreetly tucked behind a pocket door with custom cabinetry inside. A well-known local landscape designer has crafted the new cedar wood fencing and landscaping, providing an ideal space for relaxation and entertainment. With a EV charger and new HVAC system, this property seamlessly combines style and functionality. The property is located in one of the most desirable rental markets in Orange County, 1 mile from the shores of Newport Beach, 1 block from 17th street and a half block to local park.

Last Agent to Sell the Property

Derek Winberry

The W Realty Group License #01969415 Listed on: 01/25/2024

Last Buyer's Agent

Justin Kuo

Real Broker License #02113892

Real Broker

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940 | Remodeled

Lot Details

  • 9,226 Sq Ft Lot
  • Lot Dimensions are 167' x 67'
  • No Common Walls
  • Wood Fence
  • Block Wall Fence
  • Fence is in excellent condition
  • Drip System Landscaping
  • Corner Lot
  • Rectangular Lot
  • Level Lot
  • Front and Back Yard Sprinklers
  • Lawn
  • Back and Front Yard

Parking

  • 1 Car Garage
  • 7 Open Parking Spaces
  • 3 Carport Spaces
  • Parking Storage or Cabinetry
  • Parking Available
  • Single Garage Door
  • Driveway
  • Parking Lot

Home Design

  • Triplex
  • Cottage
  • Bungalow
  • Entry on the 1st floor
  • Raised Foundation
  • Slab Foundation
  • Interior Block Wall
  • Composition Roof

Interior Spaces

  • 3,100 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Casement Windows
  • French Doors
  • Living Room
  • Storage
  • Fire and Smoke Detector
  • Attic

Kitchen

  • Convection Oven
  • Gas Oven
  • Six Burner Stove
  • Built-In Range
  • Range Hood
  • Microwave
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Carport
  • Laundry in Garage
  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Powered By Gas
  • Ductless Heating Or Cooling System
  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Natural Gas Connected
  • Tankless Water Heater
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Accessible Parking
  • ENERGY STAR Qualified Equipment for Heating
  • Property is near a park

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 43
  • Tax Tract Number 516
  • Assessor Parcel Number 42533401

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Eastside Heights Subdivision

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gardener Expense $3,240
  • Insurance Expense $2,500
  • Trash Expense $300
  • Water Sewer Expense $500
  • Operating Expense $25,885
  • Gross Income $192,000
  • Net Operating Income $166,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1940 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 4.35
  • Inclusions: all brand new appliances including 3 refrigerators, 3 dishwashers, 3 microwaves, 2 washer and dryer sets, 3 range ovens.
  • Other Phone Description: 7142928630
  • Other Phone Number: 7142928630
  • Price Per Unit: 998333
  • Property Attached: No
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Eastside Heights (EHCM)
  • View: No
  • Water Sewer Expenses: 500.00
  • Zoning: R2
  • Architectural Style: Bungalow, Cottage
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 3240.00
  • Parcel Number: 42533401
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Block Walls, Recessed Lighting, Stone Counters, Storage
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Vinyl, Wood
  • Accessibility Features: Parking
  • Appliances: Yes
  • Door Features: French Doors
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 1083.13
  • Room Type: Attic, Kitchen, Laundry, Living Room
  • Window Features: Casement Windows, Double Pane Windows, ENERGY STAR Qualified Windows

Exterior Features

  • Foundation: Raised, Slab
  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fencing: Block, Excellent Condition, Wood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Carport Spaces: 3.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Built-In Storage, Carport, Attached Carport, Detached Carport, Covered, Driveway, Concrete, Garage, Garage - Single Door, Parking Space
  • Total Parking Spaces: 11.00
  • Uncovered Spaces: 7.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Built-In Range, Convection Oven, Dishwasher, ENERGY STAR Qualified Appliances, Disposal, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Vented Exhaust Fan
  • Heating Type: Central, Ductless, ENERGY STAR Qualified Equipment, Forced Air
  • Laundry Features: Dryer Included, In Carport, In Garage, Individual Room, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public
  • Cooling: Central Air, Ductless, Energy Star Qualified Equipment, Gas
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Front Yard, Landscaped, Lawn, Lot 6500-9999, Rectangular Lot, Level, Park Nearby, Sprinkler System, Sprinklers Drip System, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer
  • Lot Size: 167' X 67'
  • Lot Size Sq Ft: 9226.00
  • Lot Size Acres: 0.2118

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 900 Square Feet
  • Average3 Bed Area: 1300 Square Feet
  • Gross Income: 192000.00
  • Gross Operating Income: 176700.00
  • Gross Scheduled Income: 192000.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 9226.0000 Square Feet
  • Maintenance Percent: 3.00
  • Net Operating Income: 166700.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Number Wall A C: 2
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Rent Control: No
  • Total Actual Rent: 8500.00
  • Total Expenses: 25885.00
  • Vacancy Allowance: 9300
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Census Tract: 633.02
  • Tax Lot: 43
  • Tax Tract Number: 516

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
02/16/2024 02/16/24 Sold $3,357,710 +12.1% $1,083 / Sq Ft
02/01/2024 02/01/24 Pending -- -- --
01/25/2024 01/25/24 For Sale $2,995,000 -- $966 / 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: NP24011022

California Regional Multiple Listing Service (CRMLS)