NOT LISTED FOR SALE
6 Beds
3 Baths
2,021 Sq Ft
9,095 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
  • All Bedrooms Downstairs
  • Double Pane Windows
  • Heinz Kaiser Elementary School Rated A
  • Private Yard
  • 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

  • 9,095 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Level Lot
  • Private Yard
  • Back and Front Yard

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage

Home Design

  • Property Attached
  • Cosmetic Repairs Needed
  • Composition Roof

Interior Spaces

  • 2,021 Sq Ft Home
  • Double Pane Windows
  • Gas Range

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Additional Features

  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tax Lot K
  • Tax Tract Number 2251
  • Assessor Parcel Number 42546224

Community Details

Overview

  • 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 $49,200
  • Net Operating Income $36,545

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

9,095 Sq Ft Lot

Parking

3

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Eastside South (ESCM)
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Gardener Expense: 525.00
  • Parcel Number: 42546224
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Exterior Features: Rain Gutters
  • 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

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Level with Street, Yard
  • Lot Size Sq Ft: 9095.00
  • Lot Size Acres: 0.2088

Multi Family

  • Gross Income: 49200.00
  • Gross Scheduled Income: 49200.00
  • Lot Size Area: 9095.0000 Square Feet
  • Net Operating Income: 36545.00
  • 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: 4100.00
  • Total Expenses: 12655.00

Tax Info

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

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 $18,393 $1,540,945 $1,471,098 $69,847
2024 $18,393 $1,510,731 $1,442,253 $68,478
2023 $17,776 $1,481,109 $1,413,973 $67,136
2022 $17,206 $1,452,068 $1,386,248 $65,820
2021 $16,664 $1,423,597 $1,359,067 $64,530
2020 $16,461 $1,409,000 $1,345,131 $63,869
2019 $2,276 $66,241 $27,689 $38,552
2018 $2,227 $64,943 $27,146 $37,797
2017 $2,205 $63,670 $26,614 $37,056
2016 $2,178 $62,422 $26,092 $36,330
2015 $2,157 $61,485 $25,700 $35,785
2014 $2,125 $60,281 $25,196 $35,085
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19198448

California Regional Multiple Listing Service (CRMLS)

APN: 425-462-24

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