NOT LISTED FOR SALE
5 Beds
4 Baths
4,532 Sq Ft
8,276 Sq Ft

Last Sold July 21, 2017

Last sale price $1,588,000 $350 Per Sq Ft

2 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • 5 Car Garage
  • California Elementary School Rated A
  • Laundry Room
  • 5-minute walk to Smallwood Park

About This Home

As of July 2017

Wonderful opportunity for investors! This Costa Mesa fourplex is a must see due to it's fantastic location. Unit A has 3 bedrooms/2 baths and the other three units are 2 bedrooms/2baths. Located in Newport-Mesa Unified School District. Walking distance to dining, shopping and fantastic freeway access. Just a few miles from the beach, too. This is an opportunity for a buyer to live in one of the units and also receive rental income from the other three units. Great opportunity to live and manage your own apartment building or generate income from all four units.

Last Agent to Sell the Property

Dorys Balboa

Coldwell Banker Realty License #00981464 Listed on: 06/24/2017

Coldwell Banker Realty

Last Buyer's Agent

Kurt Hediger

Marcus & Millichap RE Invest License #01846649

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966 | Remodeled

Lot Details

  • 8,276 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard Sprinklers

Parking

  • 5 Car Garage
  • 2 Open Parking Spaces
  • Parking Available

Home Design

  • Traditional Architecture
  • Property Attached
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,532 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • Exterior Lighting
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, insurance
  • Tax Lot 29
  • Tax Tract Number 5475
  • Assessor Parcel Number 13949111

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Gardener Expense $960
  • Insurance Expense $1,500
  • Trash Expense $2,976
  • Water Sewer Expense $1,452
  • Operating Expense $7,248
  • Gross Income $600
  • Net Operating Income $79,752

Property Details

Home Type

Multi-Family

Year Built

Built in 1966 | Remodeled

Lot Details

8,276 Sq Ft Lot

Parking

5

Listing Details

  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
  • Subdivision Name Other: Mesa Verde Residential Income (MVRI)
  • Water Sewer Expenses: 1452.00
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 13949111
  • Year Built: 1966
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 350.40

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2976.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Sprinklers In Front
  • Lot Size Sq Ft: 8276.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Insurance

Multi Family

  • Electric Expense: 360.00
  • Gross Income: 600.00
  • Gross Scheduled Income: 87000.00
  • Insurance Expense: 1500.00
  • Laundry Income: 600.00
  • Net Operating Income: 79752.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 1
  • Number With Range: 4
  • Operating Expense: 7248.00
  • Other Income Description: Coin Operated washer/dryer
  • Rent Control: No
  • Total Actual Rent: 7250.00
  • Total Expenses: 7248.00

Tax Info

  • Tax Census Tract: 638.06
  • Tax Lot: 29
  • Tax Tract Number: 5475
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 Prior Sale
07/21/2017 07/21/17 Sold $1,588,000 0.0% $350 / Sq Ft
06/24/2017 06/24/17 For Sale $1,588,000 +58.8% $350 / Sq Ft
03/16/2012 03/16/12 Sold $1,000,000 -13.0% $221 / Sq Ft View Prior Sale
03/05/2012 03/05/12 Pending -- -- --
01/23/2012 01/23/12 For Sale $1,150,000 -- $254 / 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 $20,245 $1,806,871 $1,644,370 $162,501
2024 $20,245 $1,771,443 $1,612,128 $159,315
2023 $19,734 $1,736,709 $1,580,517 $156,192
2022 $19,271 $1,702,656 $1,549,526 $153,130
2021 $18,773 $1,669,271 $1,519,143 $150,128
2020 $18,594 $1,652,155 $1,503,566 $148,589
2019 $18,228 $1,619,760 $1,474,084 $145,676
2018 $17,875 $1,588,000 $1,445,180 $142,820
2017 $12,569 $1,082,259 $938,115 $144,144
2016 $12,295 $1,061,039 $919,721 $141,318
2015 $12,172 $1,045,102 $905,906 $139,196
2014 $11,889 $1,024,630 $888,160 $136,470
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17143973

California Regional Multiple Listing Service (CRMLS)

APN: 139-491-11

Your Personal Tour Guide

Ask me questions while you tour the home.