NOT LISTED FOR SALE

Estimated Value: $1,212,000 - $1,935,000

5 Beds
3 Baths
2,000 Sq Ft
$774/Sq Ft Est. Value

Last Sold July 26, 2016

Last sale price $850,000 $425 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $9,075/month

9 Days on Market

About This Home

As of July 2016

Wonderful triplex on the Westside of Costa Mesa. Large lot with two separate buildings, ample parking and two large storage sheds. Two of the units have large yards while the other has an outside bar area. Washer and dryer hookups for all three units. Tons of potential, very private. Live in one and lease the other two.

Last Agent to Sell the Property

Stephen Doughty

Coldwell Banker Platinum Prop License #01502374 Listed on: 10/21/2014

Coldwell Banker Platinum Prop

Co-Listed By

James Mann

Coldwell Banker Platinum Prop. License #00546945

Last Buyer's Agent

Lily Labash

Barnes Realty Group License #01263893

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 7,405 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • 2,000 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 10 Parking Spaces
  • Parking Available
  • Unassigned Parking

Listing and Financial Details

  • Tenant pays for electricity, water
  • Tax Lot 703
  • Tax Tract Number 517
  • Assessor Parcel Number 42417111

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,600
  • Trash Expense $432
  • Water Sewer Expense $1,755
  • New Taxes Expense $9,237
  • Gross Income $5,400
  • Net Operating Income $51,776

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • CapRate: 5.90
  • Property Attached: Yes
  • Water Sewer Expenses: 1755.00
  • Property Type: Residential Income
  • Parcel Number: 42417111
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 425.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 432.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7405.00
  • Price Per Lot Square Foot: 114.79

Rental Info

  • Tenant Pays: Electricity, Water

Multi Family

  • Gross Income: 5400.00
  • Gross Multiplier: 13.50
  • Gross Scheduled Income: 64800.00
  • Insurance Expense: 1600.00
  • Net Operating Income: 51776.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 13024.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 9237.00
  • Tax Lot: 703
  • Tax Tract Number: 517

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 17, 2020
Sold by
Sugden Roman and Labash Lily
Bought by
Sugden Roman and Labash Lily
Current Estimated Value
$1,548,609

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,650
Outstanding Balance
$511,277
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$1,037,332

Purchase Details

Closed on
Apr 1, 2020
Sold by
Sugden Sarah J
Bought by
Sugden Roman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,650
Outstanding Balance
$511,277
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$1,037,332

Purchase Details

Closed on
Mar 9, 2020
Sold by
Sugden Roman
Bought by
Sugden Roman and Labash Lily

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,650
Outstanding Balance
$511,277
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$1,037,332

Purchase Details

Closed on
Jan 25, 2018
Sold by
Labash Lily
Bought by
Labash Lily

Purchase Details

Closed on
Aug 31, 2017
Sold by
Sugden Roman
Bought by
Sugden Roman

Purchase Details

Closed on
Oct 5, 2016
Sold by
Sugden Roman
Bought by
Sugden Roman and Labash Lily

Purchase Details

Listed on
Oct 21, 2014
Closed on
Jun 14, 2016
Sold by
Sugden Sarah Julia and Sugden Sarah J
Bought by
Sugden Roman
Seller's Agent
Stephen Doughty
Coldwell Banker Platinum Prop
Buyer's Agent
Lily Labash
Barnes Realty Group
List Price
$874,900
Sold Price
$850,000
Premium/Discount to List
-$24,900
-2.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.53%
Original Mortgage
$595,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 24, 2016
Sold by
Ziebarth Warren S and Lee Leslie
Bought by
Sugden Roman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 11, 2015
Sold by
Ziebarth Warren S
Bought by
Ziebarth Warren S and Lee Leslie

Purchase Details

Closed on
Feb 2, 2007
Sold by
Ziebarth Warren S
Bought by
Ziebarth Warren S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.62%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Nov 30, 2006
Sold by
Ziebarth Warren S
Bought by
Ziebarth Warren S

Purchase Details

Closed on
Apr 10, 2006
Sold by
Dotson D R
Bought by
Dotson Donald Rex
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sugden Roman -- Wfg National Title Co Of Ca
Sugden Roman -- Wfg Title Insurance Company
Sugden Roman -- Wfg Title Insurance Company
Labash Lily -- None Available
Sugden Roman -- None Available
Sugden Roman -- Accommodation
Sugden Roman -- Lawyers Title Company
Sugden Roman $850,000 Lawyers Title
Ziebarth Warren S -- None Available
Ziebarth Warren S -- Accommodation
Ziebarth Warren S -- First American Title Co
Ziebarth Warren S -- None Available
Ziebarth Warren S -- None Available
Dotson Donald Rex -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sugden Roman $580,650
Previous Owner Sugden Roman $595,000
Previous Owner Ziebarth Warren S $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/26/2016 07/26/16 Sold $850,000 -2.8% $425 / Sq Ft
05/10/2016 05/10/16 For Sale $874,900 -- $437 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $11,728 $986,494 $913,924 $72,570
2024 $11,728 $967,151 $896,003 $71,148
2023 $11,353 $948,188 $878,435 $69,753
2022 $11,034 $929,597 $861,211 $68,386
2021 $10,713 $911,370 $844,324 $67,046
2020 $10,582 $902,026 $835,667 $66,359
2019 $10,351 $884,340 $819,282 $65,058
2018 $10,141 $867,000 $803,217 $63,783
2017 $9,973 $850,000 $787,467 $62,533
2016 $9,569 $814,874 $720,857 $94,017
2015 $9,480 $802,634 $710,029 $92,605
2014 $9,268 $786,912 $696,121 $90,791
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16100107

California Regional Multiple Listing Service (CRMLS)

APN: 424-171-11