NOT LISTED FOR SALE
4 Beds
4 Baths
1,915 Sq Ft
6,752 Sq Ft Lot

Last Sold February 11, 2021

Last sale price $1,750,000 $914 Per Sq Ft

9 Days on Market

Highlights

  • Property is near park
  • Wooded Lot
  • Wood Flooring
  • Heinz Kaiser Elementary School Rated A
  • Cathedral Ceiling
  • 4-minute walk to Brentwood Park

About This Home

As of February 2021

The ideal income property with 3 freestanding structures and the curb appeal of one of the most charming single family streets in desirable Eastside Costa Mesa. The front cottage is a 3 bed, 2 bath remodeled home with newer fixtures, yet with all the charm in tact with timeless finishes. It enjoys its own front patio. The middle unit features a large 1-bedroom with vaulted ceilings and light filled living room and kitchen that surrounds a private interior courtyard. Both units have AC and individual laundry. In the rear is the garage/studio apartment with two sets of French doors that open for an indoor/outdoor feel. The flagstone paved and lushly landscaped side yard functions as promenade, garden and communal space. Adjacent to the rear studio is additional shared yard and storage. Generating excellent income and low turnover, this is a fantastic investment for a 1031 exchange candidate, an owner-user, or for your first foray into owning rental property. Nearby shady Brentwood Park with tot lot, Back Bay trails, 17th Street retail, Mariners Branch Library, tennis & basketball courts, freeway & beach access, and major employment centers make this one of the most coveted locations for renters.

Last Agent to Sell the Property

Grant Bixby

Compass License #01364572 Listed on: 01/13/2021

Compass

Last Buyer's Agent

John Zarvos

Viking Real Estate and Inv. License #00558652

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963 | Remodeled

Lot Details

  • 6,750 Sq Ft Lot
  • No Common Walls
  • Vinyl Fence
  • Wood Fence
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Sprinkler System
  • Wooded Lot
  • Private Yard
  • Garden
  • Back and Front Yard

Home Design

  • Bungalow
  • Turnkey
  • Brick Exterior Construction
  • Raised Foundation
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,915 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Driveway
  • On-Street Parking
  • Assigned Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near park
  • Suburban Location

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected
  • Tankless Water Heater
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, telephone
  • Tax Lot 121
  • Tax Tract Number 300
  • Assessor Parcel Number 43918106

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units
  • Eastside South Subdivision

Recreation

  • Park
  • Hiking Trails
  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,600
  • Water Sewer Expense $451
  • Operating Expense $19,232
  • Gross Income $90,300
  • Net Operating Income $71,068

Property Details

Home Type

Multi-Family

Year Built

Built in 1963 | Remodeled

Lot Details

6,750 Sq Ft Lot

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Eastside South (ESCM)
  • View: No
  • Water Sewer Expenses: 450.91
  • Architectural Style: Bungalow, Ranch
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 43918106
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Cathedral Ceiling(s), Stone Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 913.84
  • Room Type: All Bedrooms Down, Main Floor Bedroom, Main Floor Master Bedroom

Exterior Features

  • Foundation: Raised, Slab
  • Fence: Yes
  • Fencing: Vinyl, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Brick, Stucco

Garage/Parking

  • Parking Features: Assigned, Driveway, Street
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Cooktop, Gas Water Heater, Tankless Water Heater
  • Heating Type: Central, Forced Air
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Hiking, Gutters, Park, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Garden, Landscaped, Rectangular Lot, Level, Park Nearby, Sprinkler System, Treed Lot, Yard
  • Lot Size Sq Ft: 6750.00
  • Lot Size Acres: 0.1550

Rental Info

  • Tenant Pays: Cable TV, Telephone

Multi Family

  • Gross Income: 90300.00
  • Gross Scheduled Income: 90300.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 6750.0000 Square Feet
  • Net Operating Income: 71068.00
  • 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: 19232.00
  • Rent Control: No
  • Total Expenses: 19232.00

Tax Info

  • Tax Census Tract: 631.02
  • Tax Lot: 121
  • Tax Tract Number: 300
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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 Prior Sale
02/11/2021 02/11/21 Sold $1,750,000 +4.2% $914 / Sq Ft
01/13/2021 01/13/21 For Sale $1,679,000 +44.7% $877 / Sq Ft
05/22/2015 05/22/15 Sold $1,160,000 -2.4% $718 / Sq Ft View Prior Sale
04/21/2015 04/21/15 Pending -- -- --
04/20/2015 04/20/15 For Sale $1,189,000 +31.4% $736 / Sq Ft
02/27/2015 02/27/15 Sold $905,000 +2.9% $469 / Sq Ft View Prior Sale
01/26/2015 01/26/15 Pending -- -- --
01/13/2015 01/13/15 For Sale $879,900 -- $456 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $21,343 $1,894,256 $1,786,014 $108,242
2024 $21,343 $1,857,114 $1,750,994 $106,120
2023 $20,751 $1,820,700 $1,716,660 $104,040
2022 $20,334 $1,785,000 $1,683,000 $102,000
2021 $14,991 $1,287,973 $1,229,986 $57,987
2020 $14,805 $1,274,767 $1,217,374 $57,393
2019 $14,476 $1,249,772 $1,193,504 $56,268
2018 $14,180 $1,225,267 $1,170,102 $55,165
2017 $14,059 $1,201,243 $1,147,159 $54,084
2016 $13,762 $1,177,690 $1,124,666 $53,024
2015 $7,456 $574,805 $523,980 $50,825
2014 -- $563,546 $513,716 $49,830
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP21006350

California Regional Multiple Listing Service (CRMLS)

APN: 439-181-06

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