NOT LISTED FOR SALE
5 Beds
6 Baths
4,092 Sq Ft
8,407 Sq Ft Lot

Last Sold March 28, 2012

Last sale price $886,000 $217 Per Sq Ft

151 Days on Market

Highlights

  • Spanish Architecture
  • Tile Flooring
  • No Heating
  • Heinz Kaiser Elementary School Rated A

About This Home

As of March 2012

APPROVED SHORT SALE! Outstanding Investment Opportunity in Desirable Eastside Costa Mesa. Beautiful Spanish style legal triplex with an additional non-permitted 4th unit almost the size of a 1 bedroom. Huge 2 story 3 bedroom front unit includes a family room, living room and dining room with direct access to a 2 car garage. 2 additional 2BR units also have their own garages and separate storage closets. Each unit includes extensive ceramic tile and all have separate laundry hook ups and private outdoor areas.

Last Agent to Sell the Property

Michael Sebastian

Keller Williams Realty License #01866548 Listed on: 08/22/2011

Last Buyer's Agent

Guy Torelli

Torelli Investment Realty License #00666517

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 8,402 Sq Ft Lot
  • Lot Dimensions are 60x140

Parking

  • 4 Car Garage
  • 1 Carport Space

Home Design

  • 4,092 Sq Ft Home
  • Spanish Architecture
  • Stucco

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 6 Bathrooms

Utilities

  • No Heating
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 43
  • Tax Tract Number 114
  • Assessor Parcel Number 42606318

Community Details

Overview

  • 3 Units

Building Details

  • 100 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Gardener Expense $600
  • Insurance Expense $1,394
  • Maintenance Expense $600
  • Professional Management Expense $2,400
  • Trash Expense $480
  • Water Sewer Expense $1,800
  • New Taxes Expense $10,824
  • Gross Income $6,450
  • Net Operating Income $54,006

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

8,402 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 5.99
  • Improvements Percent: 22.00
  • Professional Management Expense: 2400.00
  • View: No
  • Water Sewer Expenses: 1800.00
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 42606318
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 216.52

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 4.00
  • Parking: No
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: No
  • Laundry: No
  • Sewer: Sewer Paid
  • Trash Expense: 480.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Value Percent: 78.00
  • Lot Size: 60x140
  • Lot Size Sq Ft: 8402.00
  • Lot Size Acres: 0.1930

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 950
  • Average3 Bed Area: 1800
  • Average Studio Area: 500
  • Electric Expense: 1200.00
  • Gross Income: 6450.00
  • Gross Multiplier: 11.65
  • Gross Scheduled Income: 77400.00
  • Insurance Expense: 1394.00
  • Lot Size Area: 8402.0000 Square Feet
  • Maintenance Expense: 600.00
  • Maintenance Percent: 3.00
  • Net Operating Income: 54006.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 100
  • Number Of Units Total: 3
  • Number With Patio: 3
  • Operating Expense: 19524.00
  • Operating Expense Percent: 30.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 10824.00
  • Tax Area: 15044
  • Tax Lot: 43
  • Tax Rate: 1.20
  • Tax Tract Number: 114
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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
03/28/2012 03/28/12 Sold $886,000 -0.3% $217 / Sq Ft
01/20/2012 01/20/12 Pending -- -- --
08/22/2011 08/22/11 For Sale $889,000 -- $217 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $13,912 $1,106,580 $792,572 $314,008
2024 $13,912 $1,084,883 $777,032 $307,851
2023 $13,400 $1,063,611 $761,796 $301,815
2022 $12,901 $1,042,756 $746,858 $295,898
2021 $12,441 $1,022,310 $732,213 $290,097
2020 $12,280 $1,011,828 $724,705 $287,123
2019 $12,008 $991,989 $710,495 $281,494
2018 $11,764 $972,539 $696,564 $275,975
2017 $11,573 $953,470 $682,906 $270,564
2016 $11,334 $934,775 $669,516 $265,259
2015 $11,228 $920,734 $659,459 $261,275
2014 $10,981 $902,699 $646,542 $256,157
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P794591

California Regional Multiple Listing Service (CRMLS)

APN: 426-063-18

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