$695,000
SOLD JAN 14, 2013
5 Beds
3 Baths
2,980 Sq Ft
10,500 Sq Ft Lot

Recently Sold

$233 Per Sq Ft

3% Above List Price

44 Days on Market

Highlights

  • Granite Countertops
  • Bungalow
  • Forced Air Heating System
  • Horace Ensign Intermediate School Rated A
  • Shed
  • Laundry Facilities

About This Home

As of September 2016

Significant cash flow opportunity with three turnkey units on a large lot near Triangle Square in Costa Mesa! It's a perfect mix: 2 units that are 3 bedrooms, 2 bath and one unit that is 2 bedrooms, 1 bath. Whether you want to live in one and rent out the others or enjoy cash flow from all three, these units are turnkey and ready for maximum rental rates. They have been completely remodeled to include high end details such as wood floors, granite counter tops, brand new stainless steel appliances including dishwashers, new cabinets and new windows. In addition to easy access to some of Costa Mesa's best shopping and dining, your residents will enjoy the oversized and newly landscaped backyard. There is a potential for additional income with the onsite storage shed and laundry room with hookups for 3 washers and dryers. Act now and enjoy cash flow in the new year!

Last Agent to Sell the Property

Christian Walsh

Berkshire Hathaway HomeServices California Properties License #01804983 Listed on: 11/26/2012

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Christopher Ganan

Cratus Realty, Inc. License #01792802

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941 | Remodeled

Home Design

  • 2,980 Sq Ft Home
  • Bungalow
  • Shingle Roof
  • Adobe

Kitchen

  • Gas Oven or Range
  • Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 6 Parking Spaces
  • Driveway
  • On-Street Parking

Additional Features

  • Shed
  • 10,500 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 603
  • Tax Tract Number 517
  • Assessor Parcel Number 42417416

Community Details

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • New Taxes Expense $8,200
  • Gross Income $5,800
  • Net Operating Income $69,600

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1941 | Remodeled

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 10.31
  • View: No
  • Architectural Style: Bungalow
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 42417416
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Flooring: Laminate, Carpet
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 233.22

Exterior Features

  • Other Structures: Shed(s)
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Adobe

Garage/Parking

  • Parking: No
  • Parking Features: Driveway, Street
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Dishwasher, Gas Cooking, Disposal, Microwave, Range, Cooktop
  • Heating Type: Forced Air
  • Laundry Features: Community
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 10500.00
  • Lot Size Acres: 0.2410

Multi Family

  • Gross Income: 5800.00
  • Gross Multiplier: 9.70
  • Gross Scheduled Income: 69600.00
  • Net Operating Income: 69600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Drapes: 3

Tax Info

  • New Taxes Expense: 8200.00
  • Tax Area: 15015
  • Tax Lot: 603
  • 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
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

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P841921

California Regional Multiple Listing Service (CRMLS)

APN: 424-174-16