Seller's Agent in 2016
Brian Gordon
Lotus Property Services, Inc.
(626) 582-8001
19 Total Sales
1581 Coriander Dr Costa Mesa, CA 92626
Mesa Verde Neighborhood
9
Beds
8
Baths
4,532
Sq Ft
8,000
Sq Ft Lot
Highlights
- Private Yard
- California Elementary School Rated A
- 5-minute walk to Smallwood Park
About This Home
As of September 2016Beachside 4 units in Costa Mesa. Opportunity knocks for the savvy investor to purchase this character four unit complex with a spacious owner's unit, significant rental upside and excellent tenant profile. The property is separately metered for both electricity and gas, offers on-site laundry and garage parking. Excellent unit mix of one 3+2 owner's unit, and three 2+2 units. This mid-century modern garden style building boast tons of character all while being in a coveted orange county location and rental market. The new owner will enjoy a low expense ratio property, stable tenant profile, pride of ownership building all in irreplaceable location. Current tenants are long term and have low rents. Priced at only $1,385,000 this property will not last long.
Last Agent to Sell the Property
Lotus Property Services, Inc. License #01302670 Listed on: 06/06/2016
Last Buyer's Agent
Darrell Pash
Metro Estates License #00645838
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1965
Lot Details
- 8,000 Sq Ft Lot
- Two or More Common Walls
- Private Yard
Parking
- 4 Car Garage
Home Design
- 4,532 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 9 Bedrooms
- 8 Bathrooms
Outdoor Features
- No Permits for Pool
- Exterior Lighting
Listing and Financial Details
- Tax Lot 8
- Tax Tract Number 5475
- Assessor Parcel Number 13949211
Community Details
Overview
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $389
- Gardener Expense $790
- Insurance Expense $1,500
- Maintenance Expense $49
- Pest Control $480
- Professional Management Expense $3,681
- Trash Expense $1,402
- Water Sewer Expense $1,936
- New Taxes Expense $15,581
- Gross Income $6,080
- Net Operating Income $44,522
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 6, 2016
Closed on
Oct 18, 2016
Sold by
Bought by
Seller's Agent
Brian Gordon
Lotus Property Services, Inc.
Buyer's Agent
Darrell Pash
Metro Estates
List Price
$1,385,000
Sold Price
$1,310,000
Premium/Discount to List
-$75,000
-5.42%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$851,500
Interest Rate
0.033%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Listed on
Jun 6, 2016
Closed on
Sep 8, 2016
Sold by
Bought by
Seller's Agent
Brian Gordon
Lotus Property Services, Inc.
Buyer's Agent
Darrell Pash
Metro Estates
List Price
$1,385,000
Sold Price
$1,310,000
Premium/Discount to List
-$75,000
-5.42%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$851,500
Interest Rate
0.033%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
May 25, 2002
Sold by
Bought by
Purchase Details
Closed on
Jul 28, 1998
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
0.0659%
Mortgage Type
Purchase Money Mortgage
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Available | ||
| $1,310,000 | Ticor Title Company | ||
| -- | -- | ||
| $430,000 | Chicago Title Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $851,500 | ||
| Previous Owner | $150,000 | ||
| Previous Owner | $220,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/13/2016 09/13/16 | Sold | $1,310,000 | -5.4% | $289 / Sq Ft |
| 06/22/2016 06/22/16 | Pending | -- | -- | -- |
| 06/06/2016 06/06/16 | For Sale | $1,385,000 | -- | $306 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $17,375 | $1,520,365 | $1,354,324 | $166,041 |
| 2024 | $17,375 | $1,490,554 | $1,327,768 | $162,786 |
| 2023 | $16,913 | $1,461,328 | $1,301,733 | $159,595 |
| 2022 | $16,456 | $1,432,675 | $1,276,209 | $156,466 |
| 2021 | $15,988 | $1,404,584 | $1,251,185 | $153,399 |
| 2020 | $15,835 | $1,390,182 | $1,238,355 | $151,827 |
| 2019 | $15,528 | $1,362,924 | $1,214,074 | $148,850 |
| 2018 | $15,229 | $1,336,200 | $1,190,268 | $145,932 |
| 2017 | $14,966 | $1,310,000 | $1,166,929 | $143,071 |
| 2016 | $7,136 | $569,451 | $410,462 | $158,989 |
| 2015 | $7,061 | $560,898 | $404,297 | $156,601 |
| 2014 | $6,898 | $549,911 | $396,377 | $153,534 |
Source: Public Records
Agents Affiliated with this Home
-
Brian Gordon
-
D
Buyer's Agent in 2016
Darrell Pash
Metro Estates
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR16121462
APN: 139-492-11
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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