NOT LISTED FOR SALE

2234 Rutgers Dr Costa Mesa, CA 92627

-- Bed
-- Bath
2,460 Sq Ft
6,000 Sq Ft Lot

Last Sold June 20, 2012

Last sale price $536,500 $218 Per Sq Ft

113 Days on Market

Highlights

  • Ocean Side of Freeway
  • Costa Mesa High School Rated A-
  • Heating System Uses Natural Gas

About This Home

As of June 2012

College Park area tri-plex. Three two-bedroom, one bath units with long-term tenants. The two downstairs units have their own private back yards with washer and dryer hook-ups on the patio. The upstairs unit has a dedicated outdoor space on the ground floor. Each unit has an enclosed one-car garage and an additional dedicated outdoor parking space. Well located for great tenant access to beach, stores and freeways. This is an equity sale with no waiting for bank approval. The income property market is MOVING so do not wait to write your offer. Over 6% Cap Rate!

Last Agent to Sell the Property

Dominic Tucci

Pacific Sotheby's Int'l Realty License #01506188 Listed on: 02/21/2012

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Paul Morgan

Arbor Real Estate License #01332164

Arbor Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

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

Parking

  • 3 Car Garage
  • Front Facing Garage
  • Assigned Parking

Home Design

  • 2,460 Sq Ft Home
  • Block Foundation
  • Slab Foundation
  • Shingle Roof
  • Tar and Gravel Roof
  • Composition Roof
  • Stucco

Kitchen

  • Gas Oven or Range
  • Range
  • Formica Countertops

Outdoor Features

  • Ocean Side of Freeway

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Tract Number 2788
  • Assessor Parcel Number 41906203

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,800
  • Trash Expense $300
  • Water Sewer Expense $600
  • New Taxes Expense $6,325
  • Gross Income $3,600
  • Net Operating Income $35,869

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • CapRate: 6.24
  • View: No
  • Water Sewer Expenses: 600.00
  • Property Type: Residential Income
  • Parcel Number: 41906203
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Formica Counters
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 218.09

Exterior Features

  • Foundation: Block, Slab
  • Pool Private: No
  • Roof: Composition, Shingle, Tar/Gravel
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: No
  • Parking Features: Assigned, Garage Faces Front
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Cooking, Range
  • Heating Type: Natural Gas, Wall Furnace
  • Trash Expense: 300.00
  • 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, Electricity, Gas

Multi Family

  • Average2 Bed Area: 820
  • Gross Income: 3600.00
  • Gross Multiplier: 13.31
  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 6000.0000 Square Feet
  • Net Operating Income: 35869.00
  • 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 Carpet: 3
  • Number With Disposal: 3
  • Number With Patio: 3
  • Operating Expense: 7331.00
  • Waterfront Features: Ocean Side of Freeway

Tax Info

  • New Taxes Expense: 6325.00
  • Tax Area: 15006
  • Tax Lot: 0.
  • Tax Rate: 1.10
  • Tax Tract Number: 2788

Range of Values:

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Sold Price
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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 Change Sq Ft Price
06/20/2012 06/20/12 Sold $536,500 -6.7% $218 / Sq Ft
06/13/2012 06/13/12 Pending -- -- --
02/21/2012 02/21/12 For Sale $575,000 -- $234 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dominic Tucci

    Seller's Agent in 2012

    Dominic Tucci

    Pacific Sothebys

    (949) 632-2269

    3 in this area

    32 Total Sales

    Dominic Tucci
    Section Image
  • Paul Morgan

    Buyer's Agent in 2012

    Paul Morgan

    Arbor Real Estate

    (714) 424-0825

    11 Total Sales

    Paul Morgan
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S688796

California Regional Multiple Listing Service (CRMLS)

APN: 419-062-03

California Orange County Costa Mesa 92627

2234 Rutgers Dr, Costa Mesa, CA

This home is located at 2234 Rutgers Dr, Costa Mesa, CA 92627 since 21 February 2012. This property was built in 1958. 2234 Rutgers Dr is a home located in Orange County with nearby schools including College Park Elementary School, Costa Mesa High School, and Christ Lutheran School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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