NOT LISTED FOR SALE

Estimated Value: $1,258,000 - $1,441,000

4 Beds
2 Baths
1,792 Sq Ft
$743/Sq Ft Est. Value

Last Sold August 22, 2023

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

Est. 24% increase in value since last sale

Current estimated payment $8,449/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 Listed By

Chan Yang Paik

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

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%
Total Days on Market
62
Views
168
Current Estimated Value
$1,330,584

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$255,584
Avg. Annual Appreciation
8.59%
Original Mortgage
$645,000
Interest Rate
6.81%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 15, 2014
Sold by
Larsen Karl C and Larsen Christian G
Bought by
Larsen Christian G and Larsen Christian Grant

Purchase Details

Closed on
Jul 12, 2011
Sold by
Larsen Kay Hall and Larsen Karl C
Bought by
Larsen Karl C and Larsen Christian G

Purchase Details

Closed on
May 10, 2011
Sold by
Larsen Kay H and Larsen Karl C
Bought by
Larsen Karl C and Larsen Christian G

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

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Similar Homes in Costa Mesa, CA

  • 653 Joann St, Costa Mesa, CA 92627

    $1,475,000

    • 4 Beds
    • 3 Baths
    • 1,786 Sq Ft
    • 653 Joann St
    • Costa Mesa, CA

    Discover an exceptional opportunity to own a versatile and spacious property in the heart of vibrant Costa Mesa! This charming 4-bedroom, 2-bathroom single-family home, complemented by an attached Studio (Accessory Dwelling Unit), offers endless possibilities for modern living, investment, or multi-generational households. This vacant gem is ready for its new owners to make it their own. Main

    Alex Llamas Seven Gables Real Estate

    Section Image
  • 168 E 19th St, Costa Mesa, CA 92627

    $1,500,000

    • 2 Beds
    • 2 Baths
    • 1,000 Sq Ft
    • 168 E 19th St
    • Costa Mesa, CA

    Prime Multi-Family Investment Opportunity in Eastside Costa Mesa!Located in the highly desirable Eastside Costa Mesa, this multi-family property offers incredible investment potential. Situated on a 6,534 sq. ft. lot, the property features two single-level, 1-bedroom, 1-bath units, perfect for rental income or conversion into a custom single-family residence.A standout feature is

    Diane Tine Realty One Group West

    Section Image

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

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23053294

California Regional Multiple Listing Service (CRMLS)

APN: 422-202-03