NOT LISTED FOR SALE

173 Del Mar Ave Costa Mesa, CA 92627

Eastside Costa Mesa Neighborhood

Estimated Value: $1,730,000 - $1,985,572

6 Beds
4 Baths
2,400 Sq Ft
$767/Sq Ft Est. Value

Last Sold April 26, 2016

Last sale price $977,500 $407 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $10,740/month

54 Days on Market

Highlights

  • Traditional Architecture
  • Private Yard
  • Laundry Room
  • Heinz Kaiser Elementary School Rated A
  • No HOA
  • Central Air

About This Home

As of April 2016

Great Duplex opportunity in Eastside Costa Mesa. Property has 2 units. Both are 3 bed 2 bath and approximately 1,200 sqft each. There is a 2 car garage with automatic door and laundry hookups. Units are metered separately for Electricity and Gas. Front unit has an enclosed front yard. Back unit also has a gated front yard with laminate flooring throughout. Mirrored closet doors. Newer bathrooms. Freshly painted. Granite kitchen counter. Vinyl dual pane windows. Custom interior paint. Central A/C.

Last Agent to Sell the Property

Pablo Rener

First Team Real Estate License #01293397 Listed on: 02/04/2016

First Team Real Estate

Last Buyer's Agent

Pablo Rener

First Team Real Estate License #01293397 Listed on: 02/04/2016

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,315

Year Built

  • Built in 1939

Lot Details

  • 6,534 Sq Ft Lot
  • No Common Walls
  • Private Yard
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Shared Driveway

Home Design

  • Traditional Architecture
  • Composition Roof

Interior Spaces

  • 2,400 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Exterior Lighting
  • Central Air

Listing and Financial Details

  • Tax Lot 35
  • Tax Tract Number 376
  • Assessor Parcel Number 43916125

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $150
  • Insurance Expense $150
  • Trash Expense $200
  • Water Sewer Expense $200
  • New Taxes Expense $11,500
  • Gross Income $4,800
  • Net Operating Income $54,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,315

Year Built

Built in 1939

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 200.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 150.00
  • Parcel Number: 43916125
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 407.29

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Driveway, Garage, Shared Driveway
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: In Garage
  • Trash Expense: 200.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Street Lights, Storm Drains

Lot Info

  • Lot Features: Back Yard, Front Yard, Lot 6500-9999, Yard
  • Lot Size Sq Ft: 6534.00
  • Price Per Lot Square Foot: 149.60
  • Lot Size Acres: 0.1500

Multi Family

  • Average3 Bed Area: 1200
  • Gross Income: 4800.00
  • Gross Scheduled Income: 57600.00
  • Insurance Expense: 150.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 54000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 8400.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 11500.00
  • Tax Lot: 35
  • Tax Tract Number: 376

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 4, 2023
Sold by
Hourigan Tracy Jean and Hourigan Michael John
Bought by
Tracy Hourigan And Mike Coffey Living Trust
Current Estimated Value
$1,839,857

Purchase Details

Listed on
Feb 4, 2016
Closed on
Apr 25, 2016
Sold by
Caldwell Jeffrey
Bought by
Hourigan Tracy Jean and Coffey Michael John
Seller's Agent
Pablo Rener
First Team Real Estate
Buyer's Agent
Pablo Rener
First Team Real Estate
List Price
$1,050,000
Sold Price
$977,500
Premium/Discount to List
-$72,500
-6.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.88%

Purchase Details

Closed on
Apr 26, 2011
Sold by
Jdj Investment Properties Llc
Bought by
Caldwell Jeffrey and Caldwell Dana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,000
Interest Rate
3.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 7, 2010
Sold by
Dogan & Caldwell Llc
Bought by
Jdj Investment Properties Llc

Purchase Details

Closed on
Jan 6, 2005
Sold by
Farahan Afshin
Bought by
Dogan & Caldwell Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$658,000
Interest Rate
5.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 25, 2003
Sold by
Jessee Angela and Lopez Angie
Bought by
Farahan Afshin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
5.54%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Tracy Hourigan And Mike Coffey Living Trust -- None Listed On Document
Hourigan Tracy Jean $977,500 Equity Title Company
Caldwell Jeffrey -- Equity Title Company
Caldwell Jeffrey -- Chicago Title Company
Jdj Investment Properties Llc -- None Available
Dogan & Caldwell Llc $940,000 Chicago Title Co
Farahan Afshin $510,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Caldwell Jeffrey $413,000
Previous Owner Dogan & Caldwell Llc $658,000
Previous Owner Farahan Afshin $382,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2016 04/26/16 Sold $977,500 -6.9% $407 / Sq Ft
03/29/2016 03/29/16 Pending -- -- --
02/04/2016 02/04/16 For Sale $1,050,000 -- $438 / 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 $13,315 $1,157,158 $961,543 $195,615
2024 $13,315 $1,134,469 $942,689 $191,780
2023 $12,939 $1,112,225 $924,205 $188,020
2022 $12,674 $1,090,417 $906,083 $184,334
2021 $12,371 $1,069,037 $888,317 $180,720
2020 $12,224 $1,058,076 $879,209 $178,867
2019 $11,958 $1,037,330 $861,970 $175,360
2018 $11,716 $1,016,991 $845,069 $171,922
2017 $11,520 $997,050 $828,499 $168,551
2016 $8,966 $757,582 $538,776 $218,806
2015 $8,882 $746,203 $530,683 $215,520
2014 $8,685 $731,586 $520,287 $211,299
Source: Public Records

Agents Affiliated with this Home

  • Pablo Rener

    Seller's Agent in 2016

    Pablo Rener

    First Team Real Estate

    (949) 278-4954

    27 Total Sales

    Pablo Rener
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16023817

California Regional Multiple Listing Service (CRMLS)

APN: 439-161-25

California Orange County Costa Mesa 92627 Eastside Costa Mesa

173 Del Mar Ave, Costa Mesa, CA

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