NOT LISTED FOR SALE

Estimated Value: $1,970,000 - $2,622,000

3 Beds
2 Baths
1,557 Sq Ft
$1,448/Sq Ft Est. Value

Sale Details

Date Sold: March 15, 2021

Last sale price $1,500,000 $963 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $13,381 / mo

1 Day on Market

Highlights

  • Private Yard
  • No HOA
  • Cooling System Powered By Gas
  • Newport Heights Elementary Rated A
  • 2 Car Attached Garage
  • 4-minute walk to Pinkley Park

About This Home

As of March 2021

This unique property is listed as a single family residence by county land use and listed as R2, Multi Family Residential, medium density on city of Costa Mesa's zoning map. The property has one APN number and currently has two detached units each with separate entrance, garage, and addresses. 1589 Tustin is a two bedroom, one bath, single story home with attached one car garage and sits on the front of the property and features a large fenced backyard. 1591 Tustin is a single story, one bedroom, one bath home with one car garage with entry from the back alley of the property. It also has a private fenced yard. Both homes are currently rentals with long term tenants. 1589 Tustin rents for $3000 per month and 1591 Tustin at $2000 per month. This premium property is large and flat estimated at 7,157 sq feet. It has great access either from street or alley and sits on the border of Newport Beach.
Whether you decide to live in the home or develop the property, the location is great and the opportunities are fantastic.

Last Agent to Sell the Property

Jeff Myers

OC Realty Svcs Inc License #01365412 Listed on: 02/20/2021

Last Buyer's Agent

James Gray

Arbor Real Estate License #01065395

Arbor Real Estate

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1948

Lot Details

  • 7,157 Sq Ft Lot
  • Lot Dimensions are 55 x 130
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Flag Lot
  • Sprinkler System
  • Private Yard
  • Lawn
  • Back and Front Yard
  • Density is up to 1 Unit/Acre
  • Value in Land
  • Property is zoned R2

Parking

  • 2 Car Attached Garage

Home Design

  • 1,557 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Gas And Electric Dryer Hookup

Schools

  • Newport Heights Elementary School
  • Ensign Middle School
  • Newport Harbor High School

Utilities

  • Cooling System Powered By Gas

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 38
  • Tax Tract Number 1267
  • Assessor Parcel Number 42531151

Home Details

Home Type

Single Family

Year Built

Built in 1948

Lot Details

7,157 Sq Ft Lot

Parking

2

Listing Details

  • Structure Type: Duplex
  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Zoning: R2
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42531151
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1557.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 963.39
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: Yes
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Gas
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • Elementary School: Newport Heights
  • High School: Newport Harbor
  • Middle Or Junior School: Ensign
  • Elementary School #2: NEWHEI
  • High School2: NEWHAR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Landscaped, Lawn, Level with Street, Lot 6500-9999, Flag Lot, Rectangular Lot, Level, Sprinkler System, Value In Land, Walkstreet, Yard
  • Lot Size: 55 x 130
  • Lot Size Sq Ft: 7157.00
  • Lot Size Acres: 0.1643

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7157.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Lot: 38
  • Tax Tract Number: 1267

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 28, 2021
Sold by
Lenell John Kevin and Lenell Family Trust
Bought by
Broad Pacific Investments Ii Llc
Current Estimated Value
$2,191,405

Purchase Details

Listed on
Feb 20, 2021
Closed on
Mar 2, 2021
Sold by
King John R and King Lori A
Bought by
Lenell John Kevin
Seller's Agent
Jeff Myers
OC Realty Svcs Inc
Buyer's Agent
James Gray
Arbor Real Estate
List Price
$1,550,000
Sold Price
$1,500,000
Premium/Discount to List
-$50,000
-3.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.11%

Purchase Details

Closed on
Sep 5, 2014
Sold by
King John R and Gold Lori A
Bought by
King John R and King Lori A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 4, 2014
Sold by
King John R
Bought by
King John R and Gold Lori A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 2011
Sold by
King John R
Bought by
King John R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2004
Sold by
King John R
Bought by
King John R

Purchase Details

Closed on
May 30, 2003
Sold by
King John R and King Deborah A
Bought by
King John R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 2000
Sold by
Elmblade Eula Faye Revocable Living Tr and John
Bought by
King John R and King Deborah A

Purchase Details

Closed on
Feb 10, 1995
Sold by
Elmblade Eula Faye
Bought by
Elmblade Eula Faye
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
Broad Pacific Investments Ii Llc -- None Available
Lenell John Kevin $1,500,000 Lawyers Title
King John R -- Accommodation
King John R -- Lawyers Title
King John R -- Lsi
King John R -- Lsi
King John R -- --
King John R -- Chicago Title
King John R -- --
Elmblade Eula Faye -- --
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 King John R $417,000
Previous Owner King John R $273,000
Previous Owner King John R $322,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2021 03/15/21 Sold $1,500,000 -3.2% $963 / Sq Ft
02/20/2021 02/20/21 For Sale $1,550,000 -- $996 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $17,972 $1,591,812 $1,541,176 $50,636
2024 $17,972 $1,560,600 $1,510,956 $49,644
2023 $17,452 $1,530,000 $1,481,329 $48,671
2022 $17,033 $1,500,000 $1,452,283 $47,717
2021 $7,550 $617,664 $559,565 $58,099
2020 $7,448 $611,331 $553,827 $57,504
2019 $7,281 $599,345 $542,968 $56,377
2018 $7,132 $587,594 $532,322 $55,272
2017 $7,015 $576,073 $521,884 $54,189
2016 $6,871 $564,778 $511,651 $53,127
2015 $6,805 $556,295 $503,966 $52,329
2014 $6,655 $545,398 $494,094 $51,304
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21028710

California Regional Multiple Listing Service (CRMLS)

APN: 425-311-51

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