NOT LISTED FOR SALE
2 Beds
1 Bath
4,738 Sq Ft
9,148 Sq Ft Lot

Sale Details

Date Sold: May 11, 2017

Last sale price $1,600,000 $338 Per Sq Ft

1 Day on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • 5-minute walk to Ketchum-Libolt Park

About This Home

As of May 2017

Excellent opportunity for a 6-unit income property located in a desirable area in Costa Mesa. All units have two bedrooms and one full bathroom with approximately 750 square feet of living space plus a laundry room. Close to shopping, transportation, schools and easy access to the freeway. This is a high rental demand area.

Last Agent to Sell the Property

Andrew Swavely

ReMax Metro Realty Commercial License #00466196 Listed on: 02/24/2017

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 9,148 Sq Ft Lot
  • 1 Common Wall

Home Design

  • 4,738 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Forced Air Heating System
  • Private Sewer

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 2327
  • Assessor Parcel Number 42216104

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $380
  • Gardener Expense $960
  • Insurance Expense $2,100
  • Maintenance Expense $2,205
  • Trash Expense $2,232
  • Water Sewer Expense $3,060
  • New Taxes Expense $7,280
  • Operating Expense $29,728
  • Gross Income $88,200
  • Net Operating Income $57,590

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

9,148 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3060.00
  • Zoning: R2
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 42216104
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 337.70

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Heating Type: Forced Air
  • Sewer: Private Sewer
  • Trash Expense: 2232.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 9148.00

Multi Family

  • Electric Expense: 380.00
  • Gross Income: 88200.00
  • Gross Operating Income: 87318.00
  • Gross Scheduled Income: 88200.00
  • Insurance Expense: 2100.00
  • Maintenance Expense: 2205.00
  • Net Operating Income: 57590.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 29728.00
  • Rent Control: No
  • Total Actual Rent: 7200.00
  • Total Expenses: 29728.00
  • Vacancy Allowance Rate: 1.00

Tax Info

  • New Taxes Expense: 7280.00
  • Tax Census Tract: 638.08
  • Tax Lot: 4
  • Tax Tract Number: 2327

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
Dec 27, 2021
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
$960,000
Interest Rate
0.0311%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 24, 2017
Closed on
Mar 31, 2017
Sold by
Bought by
Seller's Agent
Andrew Swavely
ReMax Metro Realty Commercial
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$1,600,000
Sold Price
$1,600,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,012,000
Interest Rate
0.0414%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 17, 2013
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
$645,000
Interest Rate
0.0432%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 3, 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
$535,000
Interest Rate
0.0581%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 6, 2004
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
-- Chicago Title Company
$1,600,000 Chicago Title Company
-- Accommodation
-- Commonwealth 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
Open $960,000
Closed $1,012,000
Previous Owner $700,000
Previous Owner $645,000
Previous Owner $630,000
Previous Owner $40,000
Previous Owner $535,000
Previous Owner $400,000
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
05/11/2017 05/11/17 Sold $1,600,000 0.0% $338 / Sq Ft
02/24/2017 02/24/17 For Sale $1,600,000 -- $338 / 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 $21,962 $1,856,934 $1,444,930 $412,004
2024 $21,557 $1,820,524 $1,416,598 $403,926
2023 $20,996 $1,784,828 $1,388,822 $396,006
2022 $20,442 $1,749,832 $1,361,590 $388,242
2021 $19,858 $1,715,522 $1,334,892 $380,630
2020 $19,668 $1,697,932 $1,321,204 $376,728
2019 $19,292 $1,664,640 $1,295,298 $369,342
2018 $18,924 $1,632,000 $1,269,900 $362,100
2017 $16,211 $1,373,118 $1,109,058 $264,060
2016 $15,861 $1,346,195 $1,087,312 $258,883
2015 $15,700 $1,325,974 $1,070,979 $254,995
2014 $15,335 $1,300,000 $1,050,000 $250,000
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17038046

California Regional Multiple Listing Service (CRMLS)
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