Seller's Agent in 2016
Michelle Linovitz
Pacific Sotheby's Int'l Realty
(949) 632-1618
1 in this area
32 Total Sales
1827 Pomona Ave Costa Mesa, CA 92627
Westside Costa Mesa Neighborhood
5
Beds
3
Baths
2,370
Sq Ft
10,454
Sq Ft Lot
Highlights
- Wood Flooring
- Granite Countertops
- Recessed Lighting
- Horace Ensign Intermediate School Rated A
- No HOA
- Laundry Room
About This Home
As of September 2016This R2-HD triplex is a rare investment opportunity in growing Westside Costa Mesa, just two blocks from Trader Joe’s and the new Superior Pointe development by Taylor Morrison and within the boundaries of the Mesa West Residential Ownership Urban Plan Initiative. The property’s three units occupy an oversized 10,454 square foot lot with the ability to develop a fourth unit; alternatively, the City Initiative pre-approves the scraping of the existing improvements to build 4-5 new units for individual sale. Current configuration includes a private courtyard, dining veranda and shared laundry. Units A & C feature three bedrooms and two baths; Unit B, a legal garage conversion, features two bedrooms and one bath. A substantial renovation took place in 2012 including new kitchens and bathrooms, stainless appliances, granite countertops, wood floors, windows and landscaping. With net operating income of nearly $65k per year, the as-is value is a true 5.5%+ cap with significant development potential.
Last Agent to Sell the Property
Pacific Sotheby's Int'l Realty License #01864077 Listed on: 08/07/2016
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1941 | Remodeled
Lot Details
- 10,454 Sq Ft Lot
- Lot Dimensions are 74' x 140'
- Two or More Common Walls
Home Design
- Bungalow
- Property Attached
- Composition Roof
- Stucco
Interior Spaces
- 2,370 Sq Ft Home
- Ceiling Fan
- Recessed Lighting
Kitchen
- Gas Oven
- Gas Range
- Microwave
- Dishwasher
- Granite Countertops
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 4 Parking Spaces
- Parking Available
- Driveway
Utilities
- Forced Air Heating System
- Sewer Paid
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, HVAC maintenance, repairs, trash collection, water
- Tax Lot 603
- Tax Tract Number 2924
- Assessor Parcel Number 42417416
Community Details
Overview
- No Home Owners Association
- 3 Units
Amenities
- Laundry Facilities
Building Details
- 3 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Gardener Expense $1,800
- Insurance Expense $1,800
- New Taxes Expense $8,475
- Gross Income $6,370
- Net Operating Income $64,845
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/07/2016 09/07/16 | Sold | $1,100,000 | -6.4% | $464 / Sq Ft |
| 08/07/2016 08/07/16 | For Sale | $1,175,000 | -9.6% | $496 / Sq Ft |
| 07/09/2016 07/09/16 | Pending | -- | -- | -- |
| 04/07/2016 04/07/16 | For Sale | $1,300,000 | +87.1% | $549 / Sq Ft |
| 01/14/2013 01/14/13 | Sold | $695,000 | +3.0% | $233 / Sq Ft |
| 01/09/2013 01/09/13 | Pending | -- | -- | -- |
| 11/26/2012 11/26/12 | For Sale | $675,000 | +64.6% | $227 / Sq Ft |
| 10/11/2012 10/11/12 | Sold | $410,000 | +17.1% | $138 / Sq Ft |
| 06/20/2012 06/20/12 | Pending | -- | -- | -- |
| 06/12/2012 06/12/12 | For Sale | $349,999 | -14.6% | $117 / Sq Ft |
| 06/10/2012 06/10/12 | Off Market | $410,000 | -- | -- |
| 06/10/2012 06/10/12 | For Sale | $349,999 | -14.6% | $117 / Sq Ft |
| 05/30/2012 05/30/12 | Off Market | $410,000 | -- | -- |
| 05/30/2012 05/30/12 | For Sale | $349,999 | -14.6% | $117 / Sq Ft |
| 05/23/2012 05/23/12 | Off Market | $410,000 | -- | -- |
| 05/21/2012 05/21/12 | For Sale | $310,000 | -- | $104 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Michelle Linovitz
-
Manuel Ruiz
M
Buyer's Agent in 2016
Manuel Ruiz
Fenix Properties
(714) 612-9505
8 Total Sales
-
Christian Walsh
Seller's Agent in 2013
Christian Walsh
Berkshire Hathaway HomeServices California Properties
(949) 677-3466
2 in this area
83 Total Sales
-
C
Buyer's Agent in 2013
Christopher Ganan
Cratus Realty, Inc.
-
Debbie Brown
Seller's Agent in 2012
Debbie Brown
Laguna Beach Realty
(949) 735-4185
10 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP16072498
APN: 424-174-16
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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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