Seller's Agent in 2023
Bob Walz
New Dimension Investment Prop
(714) 393-8060
5 in this area
12 Total Sales
1642 Coriander Dr Costa Mesa, CA 92626
Mesa Verde Neighborhood
9
Beds
8
Baths
4,533
Sq Ft
8,274
Sq Ft Lot
Highlights
- Laundry Room
- Central Heating
- 3-minute walk to Smallwood Park
- California Elementary School Rated A
- Gas Fireplace
About This Home
As of February 2023EXCELLENT FINANCING OPPORTUNITY!!! .........SELLER WILL CARRY THE FIRST TRUST DEED LOAN, and close quickly if needed, on this EXCEPTIONALLY WELL LOCATED SPICE STREET 4-PLEX IN ONE OF THE BEST LOCATIONS IN THE TRACT. The last sale in the tract is located directly across the street from the subject property and closed escrow on 10/8/21 at the price of $2,097,950. The subject property, although in need of upgrading, is well worth the Seller's asking price and provides a great value add opportunity for the Buyer. The property is being SOLD "AS IS". The Seller will even consider an offer from your Buyer who may want to 1031 Exchange there single family rental property into this 4-Plex providing the single family rental is in good condition and has a good tenant in place at or near market rent. To the rear of the property is a nice, clean single loaded concrete alleyway. The property offers an Excellent Unit Mix with (1) single story ground floor 3br-2ba /fireplace unit with no one above and (3) 2br - 1 3/4ba units. The front tenant has been in the unit for almost 50 years. There are 2 double garages and 1 single garage. The rent for unit "C" does not include tenant having a garage. This building is at the end of the block with lots of open space to the west of this property creating a very open-air feeling for the tenants. Rents quoted become effective Jan 1, 2023. Projected rents shown assume units being nicely remodeled. Please, please "DO NOT DISTURB TENANTS" Hurry to take advantage of the many benefits offered by this proper/Listing.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1965
Lot Details
- 8,274 Sq Ft Lot
- Two or More Common Walls
- Front Yard Sprinklers
Parking
- 5 Car Garage
Home Design
- Quadruplex
- Asbestos Shingle Roof
Interior Spaces
- 4,533 Sq Ft Home
- 2-Story Property
- Gas Fireplace
- Living Room with Fireplace
Bedrooms and Bathrooms
- 9 Bedrooms
- 8 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Utilities
- Central Heating
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 23
- Tax Tract Number 5475
- Assessor Parcel Number 13949105
- $1,363 per year additional tax assessments
Community Details
Building Details
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $360
- Fuel Expense $600
- Gardener Expense $1,080
- Insurance Expense $1,800
- Trash Expense $3,000
- Water Sewer Expense $1,200
- Operating Expense $31,934
- Gross Income $50,840
- Net Operating Income $17,891
Additional Features
- 4 Units
- Laundry Facilities
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/15/2023 02/15/23 | Sold | $1,995,000 | 0.0% | $440 / Sq Ft |
| 12/02/2022 12/02/22 | For Sale | $1,995,000 | -- | $440 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC22248909
APN: 139-491-05
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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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