NOT LISTED FOR SALE

1778 Westminster Ave Costa Mesa, CA 92627

Downtown Costa Mesa Neighborhood
6 Beds
3 Baths
2,021 Sq Ft
8,054 Sq Ft Lot

Last Sold October 10, 2019

Last sale price $1,409,000 $697 Per Sq Ft

4 Days on Market

Highlights

  • No Units Above
  • Private Yard
  • Double Pane Windows
  • Heinz Kaiser Elementary School Rated A
  • No HOA
  • Laundry Room

About This Home

As of October 2019

Fantastic location walkable to 17th Street rarely on the market for Eastside Costa Mesa triplex. This property includes three units, each comprised of 2 bed/1 bath and large backyards. They also have a single private garage plus a driveway spot for a total of 2 parking spots per unit. New roof installed in 2019. Each unit is separately metered for gas and electric. Pro forma rents could be $2,200/month. Exceptional opportunity to own income property in a highly sought after neighborhood just over 2 miles from the beach with an amazing walk score to local amenities such as Sprouts Farmers Market, Starbucks, Sidecar Doughnuts, Grit Cycle, Greenleaf, and much more!

Last Agent to Sell the Property

Piper Rissmiller

Re/Max First Class License #01951596 Listed on: 08/19/2019

Re/Max First Class

Co-Listed By

Karen Phillips

Re/Max First Class License #01912372

Re/Max First Class

Last Buyer's Agent

Karen Phillips

Re/Max First Class License #01912372

Re/Max First Class

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 8,054 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Wood Fence
  • Level Lot
  • Private Yard
  • Back and Front Yard

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage

Home Design

  • Triplex
  • Cosmetic Repairs Needed
  • Composition Roof

Interior Spaces

  • 2,021 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Gas Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer

Additional Features

  • Rain Gutters
  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tax Lot L
  • Tax Tract Number 2251
  • Assessor Parcel Number 42546223

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $525
  • New Taxes Expense $15,500
  • Operating Expense $12,655
  • Gross Income $48,600
  • Net Operating Income $35,945

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Parking

3

Listing Details

  • Other Phone Description: Karen
  • Other Phone Number: 949-751-7919
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Eastside South (ESCM)
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 525.00
  • Parcel Number: 42546223
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 697.18
  • Room Type: All Bedrooms Down, Kitchen
  • Window Features: Double Pane Windows

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Storm Drains, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Level with Street, Yard
  • Lot Size Sq Ft: 8054.00
  • Lot Size Acres: 0.1849

Multi Family

  • Gross Income: 48600.00
  • Gross Scheduled Income: 48600.00
  • Lot Size Area: 8054.0000 Square Feet
  • Net Operating Income: 35945.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Disposal: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Operating Expense: 12655.00
  • Rent Control: No
  • Total Actual Rent: 4050.00
  • Total Expenses: 12655.00

Tax Info

  • New Taxes Expense: 15500.00
  • Tax Census Tract: 633.01
  • Tax Lot: L
  • Tax Tract Number: 2251

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
10/10/2019 10/10/19 Sold $1,409,000 -4.5% $697 / Sq Ft
08/19/2019 08/19/19 For Sale $1,475,000 -- $730 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Piper Rissmiller

    Seller's Agent in 2019

    Piper Rissmiller

    RE/MAX

    (949) 338-7119

    24 Total Sales

    Piper Rissmiller
    Section Image
  • Karen Phillips

    Seller Co-Listing Agent in 2019

    Karen Phillips

    RE/MAX

    (949) 751-7919

    25 Total Sales

    Karen Phillips
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19198354

California Regional Multiple Listing Service (CRMLS)

APN: 425-462-23

California Orange County Costa Mesa 92627 Downtown Costa Mesa

1778 Westminster Ave, Costa Mesa, CA

This home is located at 1778 Westminster Ave, Costa Mesa, CA 92627 since 19 August 2019. This property was built in 1956. 1778 Westminster Ave is a home located in Orange County with nearby schools including Heinz Kaiser Elementary School, Woodland Elementary School, and Horace Ensign Intermediate School.

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.

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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