NOT LISTED FOR SALE
6 Beds
3 Baths
2,021 Sq Ft
9,635 Sq Ft Lot

Sale Details

Date Sold: September 22, 2017

Last sale price $1,381,500 $684 Per Sq Ft

20 Days on Market

Highlights

  • No Units Above
  • Living Room
  • Tile Flooring
  • Heinz Kaiser Elementary School Rated A
  • Accessible Parking
  • 3 Car Garage

About This Home

As of September 2017

This highly desirable Eastside Costa Mesa triplex features three separate 2 bed/1 bath cottage style homes. The property has recently been updated with a new roof, rain gutters and garage doors. Each adorable unit has their own large private backyard, 2 parking spots (single car garage and driveway). Each unit is separately metered for gas and electric. Conservative pro forma rents are $2100 per unit, making this home a great investment and not one that’s often on the market. This Ttriplex is ideally located near 17th Street, the area’s most popular street - From grocery shopping, to dining, working out, coffee shops, dry cleaning, entertainment, doctor, dentist - you name it - you can find it on 17th St! This property would be ideal for the prudent investor or an owner-occupant looking to live in one and rent out the others. It’s a great opportunity for potential rental income in a very popular neighborhood.

Last Agent to Sell the Property

Kathryn Hughes

Beyond Local Real Estate & Design License #01954149 Listed on: 07/26/2017

Last Buyer's Agent

Kathryn Hughes

Beyond Local Real Estate & Design License #01954149 Listed on: 07/26/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 9,635 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Wood Fence
  • Back and Front Yard

Parking

  • 3 Car Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Shared Driveway
  • Assigned Parking

Home Design

  • Property Attached
  • Composition Roof
  • Partial Copper Plumbing

Interior Spaces

  • 2,021 Sq Ft Home
  • Living Room
  • Tile Flooring

Kitchen

  • Range Hood
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Wall Furnace
  • Water Heater

Additional Features

  • Accessible Parking
  • Rain Gutters

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 8, 9
  • Tax Tract Number 34
  • Assessor Parcel Number 42539223

Community Details

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,000
  • Insurance Expense $1,448
  • New Taxes Expense $16,445
  • Operating Expense $14,958
  • Gross Income $62,400
  • Net Operating Income $45,944

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

9,635 Sq Ft Lot

Parking

3

Listing Details

  • CapRate: 3.10
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Subdivision Name Other: Eastside South (ESCM)
  • View: No
  • Property Type: Residential Income
  • Gardener Expense: 1000.00
  • Parcel Number: 42539223
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Partial
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Flooring: Tile
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 683.57
  • Room Type: Kitchen, Living Room

Exterior Features

  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Uncovered, Driveway, Shared Driveway, Garage, Garage Faces Front
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Range Hood, Refrigerator, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Dryer Included, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 9635.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 62400.00
  • Gross Scheduled Income: 62400.00
  • Insurance Expense: 1448.00
  • Net Operating Income: 45944.00
  • 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 Drapes: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 14958.00
  • Rent Control: No
  • Total Actual Rent: 5200.00
  • Total Expenses: 14958.00

Tax Info

  • New Taxes Expense: 16445.00
  • Tax Census Tract: 633.01
  • Tax Lot: 8, 9
  • Tax Tract Number: 34
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
09/22/2017 09/22/17 Sold $1,381,500 -7.6% $684 / Sq Ft
07/26/2017 07/26/17 For Sale $1,495,000 -- $740 / 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
2025 $18,712 $1,571,908 $1,505,470 $66,438
2024 $18,712 $1,541,087 $1,475,951 $65,136
2023 $18,088 $1,510,870 $1,447,011 $63,859
2022 $17,513 $1,481,246 $1,418,639 $62,607
2021 $16,965 $1,452,202 $1,390,822 $61,380
2020 $16,759 $1,437,312 $1,376,561 $60,751
2019 $16,394 $1,409,130 $1,349,570 $59,560
2018 $16,061 $1,381,500 $1,323,107 $58,393
2017 $9,812 $786,193 $702,486 $83,707
2016 $9,613 $770,778 $688,712 $82,066
2015 $9,523 $759,201 $678,367 $80,834
2014 $9,316 $744,330 $665,079 $79,251
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP17170539

California Regional Multiple Listing Service (CRMLS)

APN: 425-392-23

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