$1,535,000
SOLD NOV 20, 2024
3 Beds
2 Baths
1,700 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$903 Per Sq Ft

12% Below List Price

61 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace
  • Heinz Kaiser Elementary School Rated A
  • 4 Car Garage
  • Back and Front Yard

About This Home

As of November 2024

This Eastside Costa Mesa Duplex is a prime opportunity for owner-occupant, investor, or developer. The front cottage has one bedroom and one bath and offers all of the charms of a classic ESCM home, including a one-car garage, as well as a carport and driveway. The rear unit has two bedrooms and one bath and sits above an oversized three-car garage. The upper-back unit is bright and airy with updated windows and kitchen countertops. Both units have their own laundry facilities. A sizable backyard space that is currently enjoyed by both units could be partitioned off to create two separate yards for prospective tenants. The property offers four garage spaces total, plus another five off-street parking spaces. Located in a desirable area, walk to Triangle Square and the shops & restaurants on 17th Street.

Last Agent to Sell the Property

Brad Hinman

Compass License #01186277 Listed on: 08/21/2024

Compass

Co-Listed By

Jennifer Stock

Compass License #01427320

Last Buyer's Agent

Doug Wetton

DW Investments License #01009432

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,964

Year Built

  • Built in 1945

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 130 x 50
  • No Common Walls
  • Sprinkler System
  • Back and Front Yard

Parking

  • 4 Car Garage
  • 5 Open Parking Spaces
  • Carport
  • Parking Available
  • Front Facing Garage
  • Rear-Facing Garage
  • Driveway
  • Parking Lot

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,700 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer Hookup

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 172
  • Tax Tract Number 516
  • Assessor Parcel Number 42603104
  • $1,413 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,500
  • Insurance Expense $1,500
  • Water Sewer Expense $1,086
  • Operating Expense $4,086
  • Gross Income $61,830
  • Net Operating Income $52,744

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,964

Year Built

Built in 1945

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 787500
  • Property Attached: No
  • Water Sewer Expenses: 1086.00
  • Zoning: R2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 42603104
  • Year Built: 1945
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 902.94

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport, Driveway, Garage, Garage Faces Front, Garage Faces Rear, Parking Space
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Sprinkler System
  • Lot Size: 130 x 50
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500
  • Latitude Manual: 33.64197600

Multi Family

  • Gross Operating Income: 61830.00
  • Gross Scheduled Income: 68700.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 52744.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 5000.00
  • Rent Control: No
  • Total Expenses: 4086.00
  • Vacancy Allowance Rate: 10.00

Tax Info

  • Tax Census Tract: 632.02
  • Tax Lot: 172
  • Tax Tract Number: 516
  • TaxOtherAnnualAssessmentAmount: 1413.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2024
Closed on
Oct 25, 2024
Sold by
Driscoll Revocable Trust and Driscoll Cameron
Bought by
Dwi Llc
Seller's Agent
Brad Hinman
Compass
Buyer's Agent
Doug Wetton
DW Investments
List Price
$1,750,000
Sold Price
$1,535,000
Premium/Discount to List
-$215,000
-12.29%
Views
42
Current Estimated Value
$1,577,525

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,525
Avg. Annual Appreciation
3.18%
Original Mortgage
$1,200,000
Outstanding Balance
$1,194,324
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$380,121

Purchase Details

Closed on
Dec 5, 2012
Sold by
Driscoll Cameron
Bought by
Driscoll Cameron and Driscoll Erin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,000
Interest Rate
3.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2011
Sold by
Driscoll Cameron
Bought by
Driscoll Cameron and Driscoll Erin

Purchase Details

Closed on
Apr 9, 2009
Sold by
Driscoll Cameron R
Bought by
Driscoll Cameron

Purchase Details

Closed on
Jan 15, 2004
Sold by
Whitaker James Q
Bought by
Driscoll Cameron R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,500
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 6, 2004
Sold by
Whitaker James Q
Bought by
Whitaker James Q

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,500
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,508,181 Chicago Title
Grant Deed $1,508,181 Chicago Title
Interfamily Deed Transfer -- First American Title Company
Interfamily Deed Transfer -- First American Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Equity Title Orange County-I
Interfamily Deed Transfer -- Equity Title Orange County-I
Grant Deed $710,000 Ticor
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,200,000 New Conventional
Closed $1,200,000 New Conventional
Previous Owner $715,000 New Conventional
Previous Owner $393,000 New Conventional
Previous Owner $119,000 Credit Line Revolving
Previous Owner $200,000 Credit Line Revolving
Previous Owner $532,500 Unknown
Previous Owner $532,500 Purchase Money Mortgage
Closed $106,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2024 11/20/24 Sold $1,535,000 -2.5% $903 / Sq Ft
10/22/2024 10/22/24 Pending -- -- --
09/29/2024 09/29/24 Price Changed $1,575,000 -7.3% $926 / Sq Ft
08/21/2024 08/21/24 Price Changed $1,699,000 -2.9% $999 / Sq Ft
08/21/2024 08/21/24 For Sale $1,750,000 -- $1,029 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $11,964 $1,509,000 $1,392,198 $116,802
2024 $11,964 $989,670 $870,780 $118,890
2023 $11,584 $970,265 $853,706 $116,559
2022 $11,262 $951,241 $836,967 $114,274
2021 $10,937 $932,590 $820,556 $112,034
2020 $10,804 $923,028 $812,142 $110,886
2019 $10,568 $904,930 $796,218 $108,712
2018 $10,353 $887,187 $780,606 $106,581
2017 $10,181 $869,792 $765,300 $104,492
2016 $9,966 $852,738 $750,294 $102,444
2015 $9,873 $839,930 $739,024 $100,906
2014 $9,653 $823,477 $724,547 $98,930
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP24151333

California Regional Multiple Listing Service (CRMLS)

APN: 426-031-04