NOT LISTED FOR SALE

2226 Canyon Dr Costa Mesa, CA 92627

Westside Costa Mesa Neighborhood
9 Beds
4 Baths
4,593 Sq Ft
0.36 Acres

Last Sold December 10, 2014

Last sale price $1,250,000 $272 Per Sq Ft

49 Days on Market

Highlights

  • 0.36 Acre Lot
  • Canyon View
  • Main Floor Bedroom
  • Victoria Elementary School Rated A-
  • Cathedral Ceiling
  • Balcony

About This Home

As of December 2014

Excellent Investment Opportunity. 3 Bedroom 1.5 Bath Single Family residence and apartment building with three 2 Bedroom 1.5 Bath units. Owner could live in the single family residence and lease the units. As you enter the house there is a living room with fireplace. The dining area is right off the kitchen. The Kitchen overlooks a large family room. The 2 car garage has direct access into the home. Doors open to the side and rear patio areas. The apartment units are 3 similar units. Living room window overlooking the front deck area. Dining area off the kitchen, slider leading to a deck overlooking the expansive lot. Carports under the units and extra parking. Extra Large Lot with plenty of room for parking, yards in the front and the back. Close to shopping, parks, schools and a short ride to the beach. Please do not disturb the long term tenants. Drive by only. Please call to arrange a viewing.

Last Agent to Sell the Property

John Kelly

Seven Gables Real Estate License #01232969 Listed on: 09/11/2014

Seven Gables Real Estate

Last Buyer's Agent

Matthew Hoyt

Hoyt Real Estate, Inc. License #01426139

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 0.36 Acre Lot
  • Lot Dimensions are 66x232
  • Two or More Common Walls
  • Northwest Facing Home
  • Wood Fence
  • Rectangular Lot

Parking

  • 2 Car Direct Access Garage
  • 5 Attached Carport Spaces
  • Parking Available
  • Front Facing Garage
  • Two Garage Doors
  • Driveway
  • Uncovered Parking

Home Design

  • Property Attached
  • Entry on the 1st floor
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 4,593 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Sliding Doors
  • Family Room with Fireplace
  • Storage
  • Laundry Room
  • Canyon Views

Kitchen

  • Gas Cooktop
  • Dishwasher
  • Ceramic Countertops
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Main Floor Bedroom
  • All Upper Level Bedrooms
  • Walk-In Closet
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Termite Clearance

Utilities

  • Wall Furnace
  • Gas Water Heater

Additional Features

  • Balcony
  • Two Homes on a Lot
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, repairs
  • Legal Lot and Block 126 / :
  • Tax Tract Number 653
  • Assessor Parcel Number 42207206

Community Details

Overview

  • Property has a Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 5 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $240
  • Insurance Expense $1,429
  • Maintenance Expense $4,200
  • Water Sewer Expense $1,450
  • New Taxes Expense $16,875
  • Gross Income $25
  • Net Operating Income $34,105

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 2.53
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1450.00
  • Property Condition: Termite Clearance
  • Property Type: Residential Income
  • Parcel Number: 42207206
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Cathedral Ceiling(s), Ceramic Counters, Ceiling Fan(s), Storage, Two Story Ceilings
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Price Per Square Foot: 272.15
  • Room Type: All Bedrooms Up, Family Room, Main Floor Bedroom, Walk-In Closet, Separate Family Room

Exterior Features

  • Direction Faces: Northwest
  • Foundation: Slab
  • Other Structures: Two On A Lot
  • View: Canyon
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 5.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Attached Carport, Concrete, Driveway, Garage Faces Front, Direct Garage Access, Garage - Two Door, Uncovered
  • Total Parking Spaces: 15.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Cooktop, Gas Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community, Individual Room
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: Rectangular Lot
  • Lot Size: 66x232
  • Lot Size Sq Ft: 15682.00
  • Lot Size Acres: 0.3600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Repairs

Multi Family

  • Average2 Bed Area: 1016
  • Average3 Bed Area: 1543
  • Electric Expense: 240.00
  • Gross Income: 25.00
  • Gross Multiplier: 21.90
  • Gross Scheduled Income: 61620.00
  • Insurance Expense: 1429.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 15682.0000 Square Feet
  • Maintenance Expense: 4200.00
  • Net Operating Income: 34105.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 24434.00
  • Rent Control: No
  • Total Actual Rent: 61620.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 16875.00
  • Tax Area: 15-112
  • Tax Block: :
  • Tax Lot: 126
  • Tax Tract Number: 653
  • Tax Year: 2013

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
12/10/2014 12/10/14 Sold $1,250,000 -7.4% $272 / Sq Ft
10/30/2014 10/30/14 Pending -- -- --
09/11/2014 09/11/14 For Sale $1,350,000 -- $294 / 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
2025 $19,500 $1,502,309 $1,088,692 $413,617
2024 $19,500 $1,472,852 $1,067,345 $405,507
2023 $18,781 $1,443,973 $1,046,417 $397,556
2022 $18,079 $1,415,660 $1,025,899 $389,761
2021 $17,445 $1,387,902 $1,005,783 $382,119
2020 $17,220 $1,373,671 $995,470 $378,201
2019 $16,853 $1,346,737 $975,951 $370,786
2018 $16,515 $1,320,331 $956,815 $363,516
2017 $16,249 $1,294,443 $938,054 $356,389
2016 $15,918 $1,269,062 $919,661 $349,401
2015 $15,766 $1,250,000 $905,847 $344,153
2014 $8,883 $603,617 $218,085 $385,532
Source: Public Records

Agents Affiliated with this Home

  • John Kelly

    Seller's Agent in 2014

    John Kelly

    Seven Gables Real Estate

    (949) 233-5574

    5 in this area

    59 Total Sales

    John Kelly
    Section Image
  • Matthew Hoyt

    Buyer's Agent in 2014

    Matthew Hoyt

    Hoyt Real Estate, Inc.

    (949) 283-1696

    1 in this area

    42 Total Sales

    Matthew Hoyt
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14197555

California Regional Multiple Listing Service (CRMLS)

APN: 422-072-06

California Orange County Costa Mesa 92627 Westside Costa Mesa

2226 Canyon Dr, Costa Mesa, CA

Not Listed for Sale

MultiFamily

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