$1,000,000
SOLD MAR 16, 2012

1606 Coriander Dr Costa Mesa, CA 92626

Mesa Verde Neighborhood
9 Beds
8 Baths
4,532 Sq Ft
8,144 Sq Ft Lot

Recently Sold

$221 Per Sq Ft

13% Below List Price

42 Days on Market

Highlights

  • Carpet
  • No Heating
  • 5-minute walk to Smallwood Park
  • California Elementary School Rated A

About This Home

As of July 2017

Bring your fussy client to this 4-plex where three of the two bedroom units were taken to the studs in late 2007 and received new plumbing, flooring, counters, windows, sinks, bathtubs, appliances, everything. The 3 bedroom unit that was not taken down was also remodeled to match the others. Newer roof, community laundry area, and four garages. Great location in the 'spice district' close to shopping and restaurants.

Last Agent to Sell the Property

Karly Brown

Karly Brown, Broker License #01189690 Listed on: 01/23/2012

Last Buyer's Agent

Kurt Galitski

Coldwell Banker Realty License #01348644

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 8,144 Sq Ft Lot
  • Lot Dimensions are 74x109

Parking

  • 1 Car Garage
  • 2 Carport Spaces
  • Assigned Parking

Home Design

  • 4,532 Sq Ft Home
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Additional Features

  • Leased Washer and Dryer
  • No Heating

Listing and Financial Details

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

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $210
  • Gardener Expense $960
  • Insurance Expense $1,300
  • Maintenance Expense $100
  • Professional Management Expense $1
  • Trash Expense $838
  • Water Sewer Expense $1,295
  • New Taxes Expense $10,900
  • Gross Income $6,450
  • Net Operating Income $60,900

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 5.30
  • Professional Management Expense: 1.00
  • View: No
  • Water Sewer Expenses: 1295.00
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 13949111
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 220.65

Exterior Features

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

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 1.00
  • Parking: No
  • Parking Features: Assigned
  • Total Parking Spaces: 7.00

Utilities

  • Heating: No
  • Laundry: No
  • Trash Expense: 838.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 74x109
  • Lot Size Sq Ft: 8144.00
  • Lot Size Acres: 0.1870

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 210.00
  • Gross Income: 6450.00
  • Gross Multiplier: 17.83
  • Gross Scheduled Income: 64500.00
  • Insurance Expense: 1300.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 8144.0000 Square Feet
  • Maintenance Expense: 100.00
  • Net Operating Income: 60900.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Operating Expense: 3600.00

Tax Info

  • New Taxes Expense: 10900.00
  • Tax Area: 15045
  • Tax Lot: 0.
  • Tax Tract Number: 5475

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
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
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dorys Balboa

    Seller's Agent in 2017

    Dorys Balboa

    Coldwell Banker Realty

    (949) 633-2252

    1 in this area

    32 Total Sales

    Dorys Balboa
    Section Image

  • K

    Buyer's Agent in 2017

    Kurt Hediger

    Marcus & Millichap RE Invest

    Section Image

  • K

    Seller's Agent in 2012

    Karly Brown

    Karly Brown, Broker

    (949) 723-4494

    8 Total Sales

    Karly Brown
    Section Image
  • Kurt Galitski

    Buyer's Agent in 2012

    Kurt Galitski

    Coldwell Banker Realty

    (714) 957-6677

    4 in this area

    74 Total Sales

    Kurt Galitski
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U12000570

California Regional Multiple Listing Service (CRMLS)

APN: 139-491-11

California Orange County Costa Mesa 92626 Mesa Verde

1606 Coriander Dr, Costa Mesa, CA

This home is located at 1606 Coriander Dr, Costa Mesa, CA 92626 and is currently priced at $1,000,000, approximately $220 per square foot. This property was built in 1966. 1606 Coriander Dr is a home located in Orange County with nearby schools including California Elementary School, Charles W. Tewinkle Middle School, and Estancia High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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