NOT LISTED FOR SALE

175 E 21st St Costa Mesa, CA 92627

Eastside Costa Mesa Neighborhood
18 Beds
12 Baths
6,906 Sq Ft
0.43 Acres

Last Sold July 09, 2020

Last sale price $3,500,000 $507 Per Sq Ft

69 Days on Market

Highlights

  • 0.43 Acre Lot
  • No HOA
  • Landscaped
  • Heinz Kaiser Elementary School Rated A
  • Laundry Room
  • Carpet

About This Home

As of July 2020

Ideally situated in highly desirable Eastside Costa Mesa, The Pines Apartments offer six (6) turnkey and remodeled 3 bed, 2 bath units with fireplace, direct access garage and individual laundry hookups. Private rear patios/yard, along with ample guest parking and handsome curb appeal make this a renter’s paradise. Additional storage in the rear offer Tenants more space and Landlords more income. Nearby parks, award-winning schools, Back Bay trails, beaches, retail & dining, PCH and freeway access contribute to low vacancy and constant demand. Investors will love the pride of ownership and quality of this offering with plenty of upside in rents. Perfect for your 1031 exchange and/or owner user investment.

Last Agent to Sell the Property

Heather Kidder

Arbor Real Estate License #01187466 Listed on: 04/02/2020

Arbor Real Estate

Co-Listed By

Grant Bixby

Compass License #01364572

Last Buyer's Agent

Constance Wagner Davidson

Wagner Development Group License #00831005

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976 | Remodeled

Lot Details

  • 0.43 Acre Lot
  • No Common Walls
  • Landscaped

Parking

  • 12 Open Parking Spaces
  • 6 Car Garage

Interior Spaces

  • 6,906 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 18 Bedrooms
  • All Upper Level Bedrooms
  • 12 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 242
  • Tax Tract Number 516
  • Assessor Parcel Number 42619316

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Building Details

  • 4 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Electric Expense $273
  • Gardener Expense $3,000
  • Insurance Expense $3,272
  • Maintenance Expense $9,593
  • Other Expense $3,072
  • Water Sewer Expense $2,807
  • New Taxes Expense $40,060
  • Operating Expense $62,077
  • Gross Income $228,480
  • Net Operating Income $166,403

Property Details

Home Type

Multi-Family

Year Built

Built in 1976 | Remodeled

Lot Details

0

Parking

6

Listing Details

  • CapRate: 4.00
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 2807.00
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 3000.00
  • Parcel Number: 42619316
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 506.81
  • Room Type: All Bedrooms Up, Kitchen, Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 18.00
  • Uncovered Spaces: 12.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Microwave
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Walkstreet
  • Lot Size Sq Ft: 18731.00
  • Lot Size Acres: 0.4300

Multi Family

  • Electric Expense: 273.00
  • Gross Income: 228480.00
  • Gross Scheduled Income: 228480.00
  • Insurance Expense: 3272.00
  • Lot Size Area: 18731.0000 Square Feet
  • Maintenance Expense: 9593.00
  • Net Operating Income: 166403.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Leased: 4
  • Number Of Units Total: 6
  • Operating Expense: 62077.00
  • Other Expense: 3072.00
  • Other Expense Description: Leasing
  • Other Income1: 400.00
  • Other Income Description: Storage Lockers
  • Rent Control: No
  • Total Expenses: 62077.00

Tax Info

  • New Taxes Expense: 40060.00
  • Tax Census Tract: 632.02
  • Tax Lot: 242
  • Tax Tract Number: 516

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 List to Sale Price per Sq Ft Prior Sale
07/09/2020 07/09/20 Sold $3,500,000 -5.1% $507 / Sq Ft
06/10/2020 06/10/20 Pending -- -- --
04/02/2020 04/02/20 For Sale $3,690,000 0.0% $534 / Sq Ft
12/19/2018 12/19/18 Rented $3,200 0.0% --
11/20/2018 11/20/18 For Rent $3,200 0.0% --
01/11/2016 01/11/16 Sold $3,300,000 -11.8% $478 / Sq Ft View Prior Sale
10/22/2015 10/22/15 Pending -- -- --
06/26/2015 06/26/15 For Sale $3,740,000 -- $542 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Heather Kidder

    Seller's Agent in 2020

    Heather Kidder

    Arbor Real Estate

    (949) 466-8699

    1 in this area

    141 Total Sales

    Heather Kidder
    Section Image
  • Grant Bixby

    Seller Co-Listing Agent in 2020

    Grant Bixby

    Compass

    (949) 677-0111

    8 in this area

    37 Total Sales

    Grant Bixby
    Section Image

  • K

    Seller Co-Listing Agent in 2018

    Kate Paulino

    Compass

    (714) 313-4698

    1 in this area

    33 Total Sales

    Kate Paulino
    Section Image
  • Patrick Swanson

    Seller's Agent in 2016

    Patrick Swanson

    Pat Swanson

    (213) 864-2862

    54 Total Sales

    Patrick Swanson
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP20066841

California Regional Multiple Listing Service (CRMLS)
California Orange County Costa Mesa 92627 Eastside Costa Mesa

175 E 21st St, Costa Mesa, CA

This home is located at 175 E 21st St, Costa Mesa, CA 92627 since 02 April 2020. This property was built in 1976. 175 E 21st St is a home located in Orange County with nearby schools including Heinz Kaiser Elementary School, Woodland Elementary School, and Horace Ensign Intermediate School.

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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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