NOT LISTED FOR SALE

2234 Rutgers Dr Costa Mesa, CA 92627

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

Sale Details

Date 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

6,000 Sq Ft Lot

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
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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
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

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
2025 $9,277 $673,869 $573,301 $100,568
2024 $9,277 $660,656 $562,059 $98,597
2023 $8,908 $647,702 $551,038 $96,664
2022 $8,563 $635,002 $540,233 $94,769
2021 $8,236 $622,551 $529,640 $92,911
2020 $8,114 $616,168 $524,209 $91,959
2019 $7,930 $604,087 $513,931 $90,156
2018 $7,768 $592,243 $503,854 $88,389
2017 $7,648 $580,631 $493,975 $86,656
2016 $7,498 $569,247 $484,290 $84,957
2015 $7,427 $560,697 $477,016 $83,681
2014 $7,270 $549,714 $467,672 $82,042
Source: Public Records

Agents Affiliated with this Home

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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

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