Seller's Agent in 2015
Grant Bixby
Compass
(949) 677-0111
7 in this area
33 Total Sales
225 Cabrillo St Costa Mesa, CA 92627
Downtown Costa Mesa NeighborhoodEstimated Value: $1,868,000 - $2,449,000
7
Beds
5
Baths
3,234
Sq Ft
$643/Sq Ft
Est. Value
Highlights
- Primary Bedroom Suite
- Cathedral Ceiling
- Lawn
- Heinz Kaiser Elementary School Rated A
- Main Floor Bedroom
- No HOA
About This Home
As of April 2015Excellent rental units with outsized income (yes, actual rents). You won't find a better CAP rate this close to the beach. Units 100% occupied with extremely rare/low vacancy. Property is professionally managed and well maintained. Nicely remodeled front house (3 beds, 2 baths) and newer back house built in 2006 (4 beds, 3 baths). Mix of hardwood and travertine flooring, subway tile and travertine in baths, and granite on most countertops. Private outdoor patios. Great owner/user potential. Two car garage plus covered carport. Ample street parking. Less than a block to restaurants, coffee shops, and all the great retail conveniences of 17th Street. Feeds to award-winning local elementary schools and Newport Harbor High. DRIVE-BY ONLY. DO NOT DISTURB OCCUPANTS UNDER ANY CIRCUMSTANCES. Available to be shown with accepted offer. Property next door closed for $1,405,000. Similar profile but LESS income than subject property.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2006
Lot Details
- 6,970 Sq Ft Lot
- Property fronts an alley
- Two or More Common Walls
- Sprinkler System
- Lawn
- Front Yard
Parking
- 2 Car Garage
- 1 Attached Carport Space
- Rear-Facing Garage
- On-Street Parking
- Assigned Parking
Home Design
- Property Attached
- Brick Exterior Construction
- Wood Siding
- Stucco
Interior Spaces
- 3,234 Sq Ft Home
- 2-Story Property
- Cathedral Ceiling
- Living Room with Fireplace
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- Main Floor Bedroom
- Primary Bedroom Suite
- 5 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Forced Air Heating System
- Wall Furnace
Listing and Financial Details
- Tax Lot 103
- Tax Tract Number 516
- Assessor Parcel Number 42539111
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $1,000
- Insurance Expense $1,500
- Trash Expense $500
- Water Sewer Expense $500
- New Taxes Expense $10,000
- Gross Income $7,575
- Net Operating Income $79,730
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
Feb 15, 2016
Sold by
Bought by
Current Estimated Value
Purchase Details
Listed on
Feb 4, 2015
Closed on
Apr 8, 2015
Sold by
Bought by
Seller's Agent
Grant Bixby
Compass
Buyer's Agent
Chris Maddy
Pacific Sotheby's Int'l Realty
List Price
$1,499,000
Sold Price
$1,370,000
Premium/Discount to List
-$129,000
-8.61%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.80%
Purchase Details
Closed on
May 3, 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
$688,500
Interest Rate
3.55%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 17, 2005
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
$517,300
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| -- | None Available | ||
| -- | Chicago Title Company | ||
| $950,000 | Equity Title Orange County-I | ||
| $739,000 | Equity Title Company |
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 |
|---|---|---|---|
| Closed | $688,500 | ||
| Closed | $720,000 | ||
| Closed | $517,300 |
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 |
|---|---|---|---|---|
| 04/24/2015 04/24/15 | Sold | $1,370,000 | -8.6% | $424 / Sq Ft |
| 04/03/2015 04/03/15 | Pending | -- | -- | -- |
| 02/04/2015 02/04/15 | For Sale | $1,499,000 | -- | $464 / 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 | $18,208 | $1,652,539 | $1,186,113 | $466,426 |
| 2024 | $18,208 | $1,620,137 | $1,162,856 | $457,281 |
| 2023 | $17,713 | $1,588,370 | $1,140,055 | $448,315 |
| 2022 | $17,310 | $1,557,226 | $1,117,701 | $439,525 |
| 2021 | $16,914 | $1,526,693 | $1,095,786 | $430,907 |
| 2020 | $16,738 | $1,511,039 | $1,084,550 | $426,489 |
| 2019 | $16,387 | $1,481,411 | $1,063,284 | $418,127 |
| 2018 | $16,060 | $1,452,364 | $1,042,435 | $409,929 |
| 2017 | $15,783 | $1,423,887 | $1,021,995 | $401,892 |
| 2016 | $15,436 | $1,395,968 | $1,001,956 | $394,012 |
| 2015 | $11,256 | $992,847 | $619,420 | $373,427 |
| 2014 | $10,998 | $973,399 | $607,286 | $366,113 |
Source: Public Records
Agents Affiliated with this Home
-
Grant Bixby
-
Chris Maddy
Buyer's Agent in 2015
Chris Maddy
Pacific Sotheby's Int'l Realty
(949) 717-6000
5 in this area
31 Total Sales
-
Tim Carr
Buyer Co-Listing Agent in 2015
Tim Carr
Pacific Sotheby's Int'l Realty
(949) 230-8454
10 in this area
142 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP15024427
APN: 425-391-11
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.
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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