NOT LISTED FOR SALE
5 Beds
4 Baths
2,981 Sq Ft
5,663 Sq Ft Lot

Last Sold March 18, 2020

Last sale price $1,070,000 $359 Per Sq Ft

10 Days on Market

Highlights

  • Golf Course Community
  • Property is near public transit
  • Main Floor Bedroom
  • Open Floorplan
  • Traditional Architecture
  • Private Yard

About This Home

As of March 2020

This highly sought after Westside Costa Mesa Triplex is located within walking distance to large regional shopping, Orange Coast College, Vanguard University, The Orange County Fair Grounds and the Costa Mesa Country Club, as well as award winning restaurants. This prime rental area has huge upside potential and is perfectly situated within a few short miles of Eastside Costa Mesa/Newport Beach, South Coast Plaza/Metro and highly desirable Southern California Beaches. The large front unit is a 2 Bedroom with a den, 1.5 bath single level unit that is PERFECT for a home buyer searching for an "Owner-User" option. This approximately 3000 sq. ft. triplex also has a 2 BR 1 BA rear unit and a middle 1 BR 1 BA unit. The complex has a common area ideal for barbecuing, as well as an attached laundry facility. Please review California AB 68 to view new 2020 laws affecting Single and Multi-Family Dwelling Units.

Last Agent to Sell the Property

James Cameron

Pacific Sotheby's International Realty License #01238311 Listed on: 01/17/2020

Pacific Sotheby's International Realty

Last Buyer's Agent

Lena Ghezel

Compass License #01252003

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 56 x 102.15
  • Property fronts an alley
  • Two or More Common Walls
  • East Facing Home
  • Wrought Iron Fence
  • Wood Fence
  • Block Wall Fence
  • Rectangular Lot
  • Level Lot
  • Private Yard
  • Lawn
  • Garden
  • Front Yard

Home Design

  • Triplex
  • Traditional Architecture
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,981 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Sliding Doors
  • Entryway
  • Family Room with Fireplace
  • Living Room
  • Den
  • Courtyard Views
  • Laundry Room

Kitchen

  • Galley Kitchen
  • Gas Oven
  • Gas Cooktop

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 1 Open Parking Space
  • 6 Parking Spaces
  • 5 Attached Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, telephone, water
  • Tax Lot 4-F
  • Tax Tract Number 2327
  • Assessor Parcel Number 42216215

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community
  • Park

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,200
  • Trash Expense $850
  • Water Sewer Expense $1,800
  • New Taxes Expense $13,125
  • Operating Expense $17,015
  • Gross Income $50,400
  • Net Operating Income $24,543

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Southwest Costa Mesa Res Income
  • View: Yes
  • Water Sewer Expenses: 1800.00
  • Zoning: R-2 MD
  • Architectural Style: Traditional
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 42216215
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Open Floorplan, Unfurnished
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 358.94
  • Room Type: Den, Entry, Family Room, Galley Kitchen, Kitchen, Laundry, Living Room, Main Floor Bedroom

Exterior Features

  • Direction Faces: East
  • Foundation: Slab
  • View: Courtyard
  • Fence: Yes
  • Fencing: Block, Wood, Wrought Iron
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Attached Carport
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Cooktop, Gas Water Heater, Water Heater
  • Heating Type: Forced Air
  • Laundry Features: Common Area, Community, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 850.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Golf, Park, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Garden, Lawn, Level with Street, Rectangular Lot, Level, Near Public Transit, Yard
  • Lot Size: 56 x 102.15
  • Lot Size Sq Ft: 5663.00
  • Lot Size Acres: 0.1300

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Telephone, Water

Multi Family

  • Gross Income: 50400.00
  • Gross Scheduled Income: 38400.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5663.0000 Square Feet
  • Net Operating Income: 24543.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 13857.00
  • Other Income Description: All Expenses are estimated
  • Rent Control: No
  • Total Actual Rent: 3200.00
  • Total Expenses: 17015.00

Tax Info

  • New Taxes Expense: 13125.00
  • Tax Lot: 4-F
  • Tax Tract Number: 2327

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 List to Sale Price per Sq Ft
03/18/2020 03/18/20 Sold $1,070,000 +1.9% $359 / Sq Ft
01/17/2020 01/17/20 For Sale $1,049,900 -- $352 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $14,568 $1,170,200 $1,062,690 $107,510
2024 $14,568 $1,147,255 $1,041,853 $105,402
2023 $14,041 $1,124,760 $1,021,424 $103,336
2022 $13,532 $1,102,706 $1,001,396 $101,310
2021 $13,060 $1,081,085 $981,761 $99,324
2020 $4,836 $311,827 $164,059 $147,768
2019 $4,720 $305,713 $160,842 $144,871
2018 $4,620 $299,719 $157,688 $142,031
2017 $4,554 $293,843 $154,596 $139,247
2016 $4,473 $288,082 $151,565 $136,517
2015 $4,430 $283,755 $149,288 $134,467
2014 $4,342 $278,197 $146,364 $131,833
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19283950

California Regional Multiple Listing Service (CRMLS)