NOT LISTED FOR SALE

1948 Meyer Place Costa Mesa, CA 92627

Downtown Costa Mesa Neighborhood
4 Beds
2 Baths
2,642 Sq Ft
8,500 Sq Ft Lot

Last Sold November 14, 2012

Last sale price $690,000 $261 Per Sq Ft

7 Days on Market

About This Home

As of November 2012

Well-maintained, 3-unit building with a unit mix of all 2 bedroom / 1 bathroom units. Each unit is individually metered for both gas and electricity, and all units have individual water heaters as well. All units also have washer/dryer hookups. This building has been completely redone with copper plumbing and none of the units share any common walls for added privacy to the tenants. Every bathroom has also been remodeled with tiled showers and pedestal vanities. Conveniently located in Central Costa Mesa, near the 55 Fwy. Must close escrow concurrently with 1952 Meyer Pl.

Last Agent to Sell the Property

Bill Webster

SVN / Vanguard License #00885653 Listed on: 09/10/2012

SVN / Vanguard

Last Buyer's Agent

Lily Labash

Barnes Realty Group License #01263893

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 8,500 Sq Ft Lot

Parking

  • 1 Car Garage
  • Side Facing Garage

Home Design

  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,642 Sq Ft Home
  • Laminate Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 25
  • Assessor Parcel Number 42214230

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,800
  • Net Operating Income $32,376

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 4.66
  • Price Per Unit: 231666
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 42214230
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Laminate
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 261.17

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Parking Features: Concrete, Garage Faces Side
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Natural Gas, Wall Furnace
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 8500.00
  • Lot Size Acres: 0.1950

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 3800.00
  • Gross Multiplier: 15.24
  • Gross Scheduled Income: 45600.00
  • Lot Size Area: 8500.0000 Square Feet
  • Net Operating Income: 32376.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Patio: 3
  • Operating Expense: 11856.00
  • Operating Expense Percent: 26.00
  • Total Actual Rent: 3800.00
  • Vacancy Allowance: 1368
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Lot: 25
  • Tax Tract Number: 0000

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 List to Sale Price per Sq Ft
11/14/2012 11/14/12 Sold $690,000 -0.7% $261 / Sq Ft
09/17/2012 09/17/12 Pending -- -- --
09/10/2012 09/10/12 For Sale $695,000 -- $263 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Bill Webster

    Seller's Agent in 2012

    Bill Webster

    SVN / Vanguard

    (714) 865-9116

    Bill Webster
    Section Image
  • Lily Labash

    Buyer's Agent in 2012

    Lily Labash

    Barnes Realty Group

    (949) 307-8527

    3 Total Sales

    Lily Labash
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P834527

California Regional Multiple Listing Service (CRMLS)

APN: 422-142-30

California Orange County Costa Mesa 92627 Downtown Costa Mesa

1948 Meyer Place, Costa Mesa, CA

This home is located at 1948 Meyer Place, Costa Mesa, CA 92627 since 10 September 2012. This property was built in 1950. 1948 Meyer Place is a home located in Orange County with nearby schools including Everett A. Rea Elementary School, Charles W. Tewinkle Middle School, and Estancia 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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