NOT LISTED FOR SALE

Estimated Value: $1,153,000 - $1,323,000

4 Beds
2 Baths
1,792 Sq Ft
$709/Sq Ft Est. Value

Last Sold August 22, 2023

Last sale price $1,075,000 $600 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $8,089/month

62 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 1-minute walk to Ketchum-Libolt Park
  • Neighborhood Views
  • Heating System Uses Natural Gas

About This Home

As of August 2023

Great Opportunity with Duplex Rental Property on R2 zoned in an Excellent Location in Costa Mesa! This House has plenty of Potential and a True Opportunity! Cozy Duplex with a Total of Four Bedrooms, Two Full Baths, Each Unit with Own Laundry Area. Front Unit-#2178 has Two Bedrooms, One Bath with a Private Patio, Laundry Area and One Car Attached Garage. Rear Unit-#2180 is a Two Bedroom, One Bath, with a Spacious Backyard, Laundry Area and One Car Attached Garage. Close to Schools, Shopping, Entertainment, and More! Prime Location near the 55 Freeway and just a Few Miles to the Beach! The area is changing with newly built SFRs. This is a Great Opportunity!

Last Agent to Sell the Property

Chan Yang Paik

New Star Realty & Investment License #02193078 Listed on: 04/06/2023

Co-Listed By

Jenny Nam

New Star Realty & Investment License #01008039

Last Buyer's Agent

Xixuan Hui

Pacific Sterling Realty License #02014694

Pacific Sterling Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,862

Year Built

  • Built in 1958

Lot Details

  • 7,313 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,792 Sq Ft Home
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Urban Location
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 33
  • Tax Tract Number 247
  • Assessor Parcel Number 42220203
  • $1,522 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Mesa West Subdivision

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,862

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Price Per Unit: 575000
  • Property Attached: Yes
  • Subdivision Name Other: Mesa West (MWST)
  • View: Yes
  • Zoning: R-2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 42220203
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 599.89

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Natural Gas
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7313.00
  • Lot Size Acres: 0.1679

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Scheduled Income: 48356.00
  • Lot Size Area: 7313.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: Yes
  • Total Actual Rent: 48300.00

Tax Info

  • Tax Lot: 33
  • Tax Tract Number: 247
  • TaxOtherAnnualAssessmentAmount: 1522.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2023
Closed on
Jun 23, 2023
Sold by
Unknown
Bought by
Hui Xixuan and Sun Kevin Haonan
Seller's Agent
Chan Yang Paik
New Star Realty & Investment
Buyer's Agent
Xixuan Hui
Pacific Sterling Realty
List Price
$1,195,000
Sold Price
$1,075,000
Premium/Discount to List
-$120,000
-10.04%
Views
168
Current Estimated Value
$1,270,507

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,507
Avg. Annual Appreciation
11.88%
Original Mortgage
$645,000
Interest Rate
6.81%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 14, 2008
Sold by
U S Bank National Association
Bought by
Larsen Karl C and Larsen Kay H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,375
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 16, 2008
Sold by
Molina Rosalio
Bought by
U S Bank Na

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,375
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 6, 2006
Sold by
Molina Rosalio
Bought by
Molina Rosalio and Gutierrez Juan Ignacio

Purchase Details

Closed on
Oct 3, 2005
Sold by
Molina Maria Guadalupe
Bought by
Molina Rosalio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 12, 2005
Sold by
Wright Suzanne and Nicotera Annie
Bought by
Molina Rosalio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 8, 1998
Sold by
Jnd Property Services Inc
Bought by
Wright Suzanne and Nicotera Annie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,315
Interest Rate
6.88%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Hui Xixuan $1,075,000 California Best Title
Larsen Christian Grant -- California Best Title
Larsen Karl C $422,500 Chicago Title Company
U S Bank Na $514,760 None Available
Molina Rosalio -- None Available
Molina Rosalio -- Old Republic Title Co O C
Molina Rosalio $750,000 Old Republic Title Co O C
Wright Suzanne $195,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hui Xixuan $645,000
Previous Owner Larsen Karl C $232,375
Previous Owner Molina Rosalio $150,000
Previous Owner Molina Rosalio $600,000
Previous Owner Wright Suzanne $23,630
Previous Owner Wright Suzanne $189,315
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2023 08/22/23 Sold $1,075,000 -6.5% $600 / Sq Ft
06/08/2023 06/08/23 Pending -- -- --
04/18/2023 04/18/23 Price Changed $1,150,000 -3.8% $642 / Sq Ft
04/06/2023 04/06/23 For Sale $1,195,000 -- $667 / 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
2024 $12,862 $1,075,000 $1,003,019 $71,981
2023 $6,895 $522,944 $434,522 $88,422
2022 $6,649 $512,691 $426,002 $86,689
2021 $6,413 $502,639 $417,649 $84,990
2020 $6,323 $497,486 $413,367 $84,119
2019 $6,182 $487,732 $405,262 $82,470
2018 $6,055 $478,169 $397,316 $80,853
2017 $5,960 $468,794 $389,526 $79,268
2016 $5,840 $459,602 $381,888 $77,714
2015 $5,786 $452,699 $376,152 $76,547
2014 $5,661 $443,832 $368,784 $75,048
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23053294

California Regional Multiple Listing Service (CRMLS)

APN: 422-202-03