NOT LISTED FOR SALE
5 Beds
6 Baths
4,092 Sq Ft
8,402 Sq Ft Lot

Sale Details

Date Sold: March 28, 2012

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

151 Days on Market

Highlights

  • Spanish Architecture
  • Tile Flooring
  • No Heating
  • 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

NextHome Pacific Estates License #01866548 Listed on: 08/22/2011

Last Buyer's Agent

Guy Torelli

Torelli Investment Realty License #00666517

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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

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Apr 13, 2021
Sold by
Ridgeway Kay M
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$538,000
Outstanding Balance
$476,169
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2018
Sold by
Ridgeway Kay M
Bought by
Ridgeway Scott D and Ridgeway Madison J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 20, 2015
Sold by
Ridgeway Tod W and Ridgeway Kay M
Bought by
Ridgeway Childrens Trust

Purchase Details

Closed on
Apr 19, 2005
Sold by
Burton Delores A
Bought by
Mendoza Ismael and Mendoza Luz Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$798,000
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 10, 2004
Sold by
Burton Delores A
Bought by
Burton Delores A and Delores A Burton Trust

Purchase Details

Closed on
Jan 15, 1997
Sold by
Joy Mitchell Gwendolyn and Junior George Junior
Bought by
Burton Delores A

Purchase Details

Closed on
Aug 15, 1994
Sold by
Mitchell George J and Mitchell Gwendolyn J
Bought by
Mitchell George Junior and Mitchell Gwendolyn Joy
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Eastside Costa Mesa, CA

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Purchase 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 Buyer Sale Price Title Company
-- First American Title Company
Ridgeway Kay M -- First American Title Company
Ridgeway Scott D -- First American Title Company
Ridgeway Kay M -- Accommodation
Ridgeway Childrens Trust -- None Available
Mendoza Ismael $1,170,000 Chicago Title
Burton Delores A -- --
Burton Delores A $450,000 Old Republic Title Company
Mitchell George Junior -- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $538,000
Closed Ridgeway Scott D $540,000
Closed Ridgeway Tod W $600,000
Closed Mendoza Ismael $186,700
Closed Mendoza Ismael $798,000
Previous Owner Burton Delores A $230,000
Source: Public Records

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
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $14,291 $1,128,711 $808,423 $320,288
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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