Michelle Fairchild
Premiere Choice Mfd Housing
(657) 312-4228
251 Total Sales
2 in Downtown Costa Mesa
$84K - $160K Price Range
1761 Tustin Ave Costa Mesa, CA 92627
Downtown Costa Mesa Neighborhood
5
Beds
3
Baths
1,932
Sq Ft
1962
Built
Highlights
- Cottage
- Wood Siding
- No Heating
- Mariners Elementary School Rated A
About This Home
As of February 2013Situated along a residential street in an excellent rental area of Costa Mesa, this rental investment consists of a 2 bedroom 1 bath house with a large, private backyard, a 2 bedroom 1 bath cottage and a 1 bedroom 1 bath cottage unit. This varied unit mix has a preschool conveniently adjacent to the property and a major grocery store and shopping center located only a few blocks away. Its excellent location gives residents easy access Newport Bay, the 55 and 405 freeways, Triangle Center, the 17th Street corridor and just minutes to South Coast Plaza, Fashion Island and the many fine local beaches of Newport Beach, Huntington Beach and Laguna Beach. The property has been owned and operated by a long-term principal and is currently 100 percent occupied. With a realistic upside in rents, this asset represents a prime investment opportunity.
Last Agent to Sell the Property
William Michael Cavner, Broker License #01274709 Listed on: 12/03/2012
Last Buyer's Agent
General NONMEMBER
NONMEMBER MRML
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Parking
- 3 Parking Spaces
Home Design
- 1,932 Sq Ft Home
- Cottage
- Wood Siding
- Stucco
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Utilities
- No Heating
Listing and Financial Details
- Tax Lot 116
- Tax Tract Number 18
- Assessor Parcel Number 42502118
Community Details
Overview
- 2 Buildings
- 3 Units
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Furniture Replacement Expense $750
- Gardener Expense $1,050
- Insurance Expense $580
- Maintenance Expense $900
- Other Expense $450
- Supplies Expense $450
- Water Sewer Expense $1,275
- New Taxes Expense $11,699
- Gross Income $59,940
- Net Operating Income $40,988
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Costa Mesa, CA
-
Michelle Fairchild
-
Kai Jimenez
Kai Jimenez
SHELL PROPERTIES
(424) 501-2319
11 Total Sales
1 in Downtown Costa Mesa
$2,510,000 Price
-
David George
David George
Compass
(657) 315-1617
81 Total Sales
2 in Downtown Costa Mesa
$1M - $2M Price Range
-
Michael Arguello
Michael Arguello
Vista Pacific Realty
(657) 245-4250
17 Total Sales
2 in Downtown Costa Mesa
$1,255,000 Price Range
-
Rob Brandon
Rob Brandon
JohnHart Real Estate
(949) 751-1335
54 Total Sales
1 in Downtown Costa Mesa
$1,710,000 Price
-
Drew D'Angelo
Drew D'Angelo
Kase Real Estate
(949) 867-6319
75 Total Sales
4 in Downtown Costa Mesa
$1.5M - $4.7M Price Range
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/01/2013 02/01/13 | Sold | $900,000 | -9.5% | $466 / Sq Ft |
| 12/14/2012 12/14/12 | Pending | -- | -- | -- |
| 12/03/2012 12/03/12 | For Sale | $995,000 | -- | $515 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Agents Affiliated with this Home
-
Michael Cavner
M
Seller's Agent in 2013
Michael Cavner
William Michael Cavner, Broker
(949) 419-3200
4 Total Sales
-
G
Buyer's Agent in 2013
General NONMEMBER
NONMEMBER MRML
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: S719757
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.
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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