NOT LISTED FOR SALE
8 Beds
4 Baths
3,300 Sq Ft
10,629 Sq Ft Lot

Last Sold January 06, 2020

Last sale price $1,650,000 $500 Per Sq Ft

17 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Corner Lot
  • Neighborhood Views
  • Open Floorplan
  • No HOA
  • Laundry Room

About This Home

As of January 2020

Amazing Opportunity to own an investment property in beautiful Costa Mesa. Completely remodeled Costa Mesa Cottages is a single story four-plex containing of two duplexes on a spacious single lot with two addresses: 2275 & 2277 Pomona Ave. ,Costa Mesa. Both duplexes have new roofs, new windows, new doors , new irrigation and has been painted inside and out. Each unit has a new kitchen including granite counter tops, glass back splash, new cabinets,new appliances, new bathrooms including vanity, vessel sinks tiled shower enclosure with glass niche,tile flooring throughout with wood laminate flooring in bedrooms. The spacious four, two-bedroom, one bath units have private patios, garage parking, separate gas & electric meters, water heaters and their own washer and dryer hook ups in patio area. These units are a must see. Welcome Home!

Last Agent to Sell the Property

Rob Brandon

License #01879120 Listed on: 09/24/2019

Last Buyer's Agent

Lena Ghezel

Compass License #01252003

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 10,629 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • Fence is in average condition
  • Corner Lot

Parking

  • 1 Car Garage

Home Design

  • Quadruplex
  • Slab Foundation
  • Stucco

Interior Spaces

  • 3,300 Sq Ft Home
  • Open Floorplan
  • Sliding Doors
  • Tile Flooring
  • Neighborhood Views
  • Gas and Electric Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Heating
  • Cable TV Available

Additional Features

  • Accessible Parking
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 6
  • Tax Tract Number 3458
  • Assessor Parcel Number 42237233

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,500
  • Water Sewer Expense $5,000
  • New Taxes Expense $16,950
  • Operating Expense $25,370
  • Gross Income $1,800
  • Net Operating Income $94,880

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • Price Per Unit: 423750
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: cottages
  • View: Yes
  • Water Sewer Expenses: 5000.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 42237233
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Open Floorplan
  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Accessibility Features: Parking
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Levels: One
  • Price Per Square Foot: 500.00
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas & Electric Range
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Outside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 10629.00
  • Lot Size Acres: 0.2440

Rental Info

  • Garage Rental Rate: 150.00
  • Tenant Pays: Electricity, Gas

Multi Family

  • Garage Income: 1800.00
  • Gross Income: 1800.00
  • Gross Scheduled Income: 109800.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 10629.0000 Square Feet
  • Net Operating Income: 94880.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • 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
  • Operating Expense: 14920.00
  • Other Income1: 100.00
  • Other Income Description: 2 parking spaces 50 a month
  • Rent Control: No
  • Total Actual Rent: 8900.00
  • Total Expenses: 25370.00

Tax Info

  • New Taxes Expense: 16950.00
  • Tax Census Tract: 638.08
  • Tax Lot: 6
  • Tax Tract Number: 3458

Range of Values:

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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
01/06/2020 01/06/20 Sold $1,650,000 -2.7% $500 / Sq Ft
10/11/2019 10/11/19 Pending -- -- --
09/24/2019 09/24/19 For Sale $1,695,000 +47.4% $514 / Sq Ft
04/26/2017 04/26/17 Sold $1,150,000 +4.5% $348 / Sq Ft
02/02/2017 02/02/17 For Sale $1,100,000 -- $333 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19227430

California Regional Multiple Listing Service (CRMLS)

APN: 422-372-33