NOT LISTED FOR SALE

1826 Placentia Ave Costa Mesa, CA 92627

Westside Costa Mesa Neighborhood
-- Bed
10 Baths
5,060 Sq Ft
0.41 Acres

Last Sold August 31, 2017

Last sale price $2,140,000 $423 Per Sq Ft

71 Days on Market

Highlights

  • Gated Community
  • 17,860 Sq Ft lot
  • Laundry Room
  • Horace Ensign Intermediate School Rated A
  • No HOA
  • Accessible Parking

About This Home

As of August 2017

Great investment opportunity in desirable Orange County location. Less than 2 miles from beach, residents enjoy beach activities,
restaurants, shopping and entertainment. 12 studio units with large private front patios. All single story. Spacious and gated rear
parking lot with 1 spot per unit and 5 additional guest parking spots. Many unit upgrades that include (on selected units) ceiling
fans, mirror doors, partition walls, tile floors, redone kitchens. Laundry room on site. Washer & dryer included in purchase. Gated
entry from street and side alley way to rear parking lot. The property is minutes from popular destinations such as Balboa Island,
Newport Harbor, Newport Bay. Close to Orange County Airport and the 405 and 73 Freeways.

Last Agent to Sell the Property

Randy Combs

Gorman & Associates License #01930012 Listed on: 04/06/2017

Gorman & Associates

Last Buyer's Agent

Randy Combs

Gorman & Associates License #01930012 Listed on: 04/06/2017

Gorman & Associates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.41 Acre Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Privacy Fence
  • Wood Fence
  • Density is 11-15 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 10 Bathrooms
  • 5,060 Sq Ft Home
  • 1-Story Property
  • Gas Cooktop

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 17 Open Parking Spaces
  • 17 Parking Spaces
  • Parking Available
  • Automatic Gate
  • Assigned Parking

Accessible Home Design

  • Accessible Parking

Utilities

  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV
  • Tax Lot 703
  • Tax Tract Number 517
  • Assessor Parcel Number 42417103

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 12 Units

Building Details

  • 12 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Other Expense $55,292
  • Operating Expense $55,292
  • Gross Income $12,985
  • Net Operating Income $92,737

Additional Features

  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.00
  • Inclusions: Washer/Dryer in Laundry Room
  • Other Phone Description: Agent Cell
  • Other Phone Number: 714-658-3263
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Automatic Gate, Gated Community
  • View: No
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 42417103
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 422.92
  • Room Type: All Bedrooms Down

Exterior Features

  • Fence: Yes
  • Fencing: Privacy, Wood, Wrought Iron
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 17.00
  • Uncovered Spaces: 17.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Appliances: Gas Cooktop, Gas Water Heater
  • Laundry Features: Community, Dryer Included, Individual Room, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 17860.00

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • Gross Income: 12985.00
  • Gross Multiplier: 14.70
  • Gross Operating Income: 148029.00
  • Gross Scheduled Income: 155820.00
  • Net Operating Income: 92737.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Number With Patio: 12
  • Operating Expense: 55292.00
  • Other Expense: 55292.00
  • Other Expense Description: 37%
  • Other Income1: 275.00
  • Other Income Description: Laundry, Pet, Refrigerator
  • Rent Control: No
  • Total Actual Rent: 12710.00
  • Total Expenses: 55292.00
  • Vacancy Allowance: 7791

Tax Info

  • Tax Census Tract: 636.05
  • Tax Lot: 703
  • Tax Tract Number: 517

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 Change Sq Ft Price
08/31/2017 08/31/17 Sold $2,140,000 -6.6% $423 / Sq Ft
06/16/2017 06/16/17 Pending -- -- --
04/06/2017 04/06/17 For Sale $2,290,000 -- $453 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    Randy Combs

    Gorman & Associates

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17072745

California Regional Multiple Listing Service (CRMLS)
California Orange County Costa Mesa 92627 Westside Costa Mesa

1826 Placentia Ave, Costa Mesa, CA

This home is located at 1826 Placentia Ave, Costa Mesa, CA 92627 since 06 April 2017. This property was built in 1958. 1826 Placentia Ave is a home located in Orange County with nearby schools including Whittier Elementary School, Horace Ensign Intermediate School, and Newport Harbor High 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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