NOT LISTED FOR SALE
5 Beds
2 Baths
2,224 Sq Ft
6,004 Sq Ft Lot

Last Sold June 25, 2013

Last sale price $865,000 $389 Per Sq Ft

130 Days on Market

Highlights

  • Laundry Room
  • Tile Flooring
  • Wood Siding
  • Heinz Kaiser Elementary School Rated A
  • Forced Air Heating System
  • Wood Burning Fireplace

About This Home

As of June 2013

Wonderful duplex on desirable Eastside of Costa Mesa. Larger unit is 1,345 SF and has 3 bedrooms and 2 baths with a private cozy patio. The smaller unit is 863 SF and has 2 bedrooms and 1 bath with a nice backyard. Kitchens in each unit have recently been remodeled and both furnaces are brand new. Each garage has a washer & dryer hookup as well as automatic garage door openers. Tenants have been here a long time and rents are below market, total rents should be around $4,500/month. Perfect for the astute investor or for someone who wants to live in one unit and rent the other. Very well maintained pride of ownership property.

Last Agent to Sell the Property

Stephen Doughty

Coldwell Banker Platinum Prop License #01502374 Listed on: 12/22/2012

Coldwell Banker Platinum Prop

Co-Listed By

James Mann

Coldwell Banker Platinum Prop. License #00546945

Last Buyer's Agent

Meghan Vittetoe

Compass License #01832263

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 6,004 Sq Ft Lot
  • Lot Dimensions are 55x109

Parking

  • 3 Car Garage

Home Design

  • Shingle Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,224 Sq Ft Home
  • Wood Burning Fireplace
  • Electric Fireplace
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 7714
  • Assessor Parcel Number 42619120

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,100
  • Water Sewer Expense $720
  • New Taxes Expense $10,670
  • Gross Income $4,075
  • Net Operating Income $36,410

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Parking

3

Listing Details

  • CapRate: 4.10
  • Water Sewer Expenses: 720.00
  • Property Type: Residential Income
  • Parcel Number: 42619120
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Fireplace Features: Electric, Wood Burning
  • Levels: One
  • Price Per Square Foot: 388.94

Exterior Features

  • Roof: Shingle
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher
  • Heating Type: Forced Air
  • Laundry Features: Gas Dryer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 55x109
  • Lot Size Sq Ft: 6004.00
  • Lot Size Acres: 0.1380

Multi Family

  • Gross Income: 4075.00
  • Gross Multiplier: 18.30
  • Gross Scheduled Income: 48900.00
  • Insurance Expense: 1100.00
  • Net Operating Income: 36410.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 12490.00

Tax Info

  • New Taxes Expense: 10670.00
  • Tax Area: 15007
  • Tax Lot: 3
  • Tax Tract Number: 7714

Range of Values:

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Sold Price
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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
06/25/2013 06/25/13 Sold $865,000 -6.9% $389 / Sq Ft
05/01/2013 05/01/13 Pending -- -- --
12/22/2012 12/22/12 For Sale $929,000 -- $418 / 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: S721146

California Regional Multiple Listing Service (CRMLS)

APN: 426-191-20