NOT LISTED FOR SALE
-- Bed
-- Bath
2,490 Sq Ft
6,000 Sq Ft Lot

Sale Details

Date Sold: August 10, 2012

Last sale price $560,000 $225 Per Sq Ft

154 Days on Market

Highlights

  • Contemporary Architecture
  • Wood Flooring
  • Heating System Uses Natural Gas
  • Costa Mesa High School Rated A-

About This Home

As of August 2012

THIS IS A REGULAR SALE, GREAT RENTAL PROPERTY PERFECT LOCATION CLOSE TO THE FWY, SHOPPING, RESTAURANTS, SCHOOLS, THE BUS STOP AND A FEW MILES FROM THE BEACH. ALL UNITS ARE 2 BEDROOMS AND 1 BATH WITH LONG TERM TENANTS THE RENTS ARE $1,400/ MONTH EACH UNIT. ONE UNIT IS OWNER OCCUPIED AND WILL BE VACANT AT CLOSE OF ESCROW. College Park area tri-plex. The two downstairs units have their own private back yards with washer and dryer hook-ups on the patio. The roof was replaced 3 years ago. Each unit has an enclosed one-car garage and an additional dedicated outdoor parking space.

Last Agent to Sell the Property

Lizardo Garcia

Elevate Real Estate Agency License #00990245 Listed on: 02/27/2012

Elevate Real Estate Agency

Last Buyer's Agent

Pete Chumwong

Edge Realty License #01342416

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 6,000 Sq Ft Lot
  • Lot Dimensions are 60x100

Parking

  • 6 Parking Spaces

Home Design

  • Contemporary Architecture
  • Cosmetic Repairs Needed
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,490 Sq Ft Home
  • Wood Flooring

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, gas
  • Tax Lot 0.1
  • Tax Tract Number 2788
  • Assessor Parcel Number 41906207

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $50
  • Insurance Expense $100
  • Trash Expense $100
  • Water Sewer Expense $100
  • New Taxes Expense $6,000
  • Gross Income $4,200
  • Net Operating Income $43,680

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

6,000 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 7.80
  • View: No
  • Water Sewer Expenses: 100.00
  • Architectural Style: Contemporary
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Gardener Expense: 50.00
  • Parcel Number: 41906207
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Wood
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 224.90

Exterior Features

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

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Water Heater
  • Heating Type: Natural Gas, Wall Furnace
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 60x100
  • Lot Size Sq Ft: 6000.00
  • Lot Size Acres: 0.1380

Rental Info

  • Tenant Pays: Cable TV, Gas

Multi Family

  • Gross Income: 4200.00
  • Gross Multiplier: 11.11
  • Gross Scheduled Income: 50400.00
  • Insurance Expense: 100.00
  • Lot Size Area: 6000.0000 Square Feet
  • Maintenance Percent: 5.00
  • Net Operating Income: 43680.00
  • 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 Disposal: 3
  • Operating Expense: 4200.00
  • Total Actual Rent: 4200.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 6000.00
  • Tax Area: 15006
  • Tax Lot: 0.1
  • Tax Tract Number: 2788

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 6, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,750
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 2010
Sold by
Bought by

Purchase Details

Closed on
Sep 26, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,800
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 14, 1999
Sold by
Bought by

Purchase Details

Closed on
Jun 16, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,300
Interest Rate
9.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 23, 1996
Sold by
Bought by

Purchase Details

Closed on
Jul 7, 1994
Sold by
Bought by
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$560,000 Chicago Title
-- None Available
-- First American Title Co
-- --
$247,000 --
-- --
$224,000 United Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $393,750
Previous Owner $244,800
Previous Owner $222,300
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/10/2012 08/10/12 Sold $560,000 -1.8% $225 / Sq Ft
07/30/2012 07/30/12 Pending -- -- --
02/27/2012 02/27/12 For Sale $570,000 -- $229 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $9,615 $703,385 $546,385 $157,000
2025 $9,353 $689,594 $535,672 $153,922
2024 $9,353 $676,073 $525,169 $150,904
2023 $9,001 $662,817 $514,871 $147,946
2022 $8,694 $649,821 $504,775 $145,046
2021 $8,388 $637,080 $494,878 $142,202
2020 $8,265 $630,548 $489,804 $140,744
2019 $8,079 $618,185 $480,200 $137,985
2018 $7,913 $606,064 $470,784 $135,280
2017 $7,790 $594,181 $461,553 $132,628
2016 $7,637 $582,531 $452,503 $130,028
2015 $7,565 $573,781 $445,706 $128,075
2014 $7,405 $562,542 $436,975 $125,567
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P813564

California Regional Multiple Listing Service (CRMLS)

APN: 419-062-07

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