NOT LISTED FOR SALE
6 Beds
5 Baths
3,123 Sq Ft
6,534 Sq Ft Lot

Last Sold March 13, 2020

Last sale price $1,358,000 $435 Per Sq Ft

2 Days on Market

Highlights

  • Laundry Room
  • Forced Air Heating and Cooling System
  • 3-minute walk to Heller Park
  • Newport Heights Elementary Rated A

About This Home

As of March 2020

GREAT INVESTMENT OPORTUNITY,GREAT TRIPLEX DESIRABLE LOCATION CLOSE TO BEAC, SHOPING AND RESTAURANTS
ONE SINGLE STORY UNIT WITH 2 BEDROOMS /1 BATH FIREPLACE INSIDE LAUNDRY PATIO AND OONE CAR GARAGE,
TWO TWO STORY UNITS WITH 1.5 BATH AND BALCONY. DRIVE BY ON

Last Agent to Sell the Property

Martha Wright

Keller Williams Realty License #00547675 Listed on: 01/15/2020

Keller Williams Realty

Last Buyer's Agent

Martha Wright

Keller Williams Realty License #00547675 Listed on: 01/15/2020

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 6,534 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,123 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Suburban Location
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 2996
  • Assessor Parcel Number 42522201

Community Details

Overview

  • 3 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,991
  • Trash Expense $675
  • Water Sewer Expense $1,260
  • New Taxes Expense $16,975
  • Operating Expense $11,571
  • Gross Income $62,465
  • Net Operating Income $51,385

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Costa Mesa Residential Income (CMRI)
  • Water Sewer Expenses: 1260.00
  • Property Type: Residential Income
  • Parcel Number: 42522201
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Living Room
  • Levels: One, Two
  • Price Per Square Foot: 434.84

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 675.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Multi Family

  • Gross Income: 62465.00
  • Gross Scheduled Income: 62465.00
  • Insurance Expense: 3991.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 51385.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 11080.00
  • Rent Control: Yes
  • Total Expenses: 11571.00

Tax Info

  • New Taxes Expense: 16975.00
  • Tax Census Tract: 633.01
  • Tax Lot: 1
  • Tax Tract Number: 2996

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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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
03/13/2020 03/13/20 Sold $1,358,000 -3.0% $435 / Sq Ft
01/17/2020 01/17/20 Pending -- -- --
01/15/2020 01/15/20 For Sale $1,399,500 -- $448 / 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 $17,818 $1,485,168 $1,375,270 $109,898
2024 $17,818 $1,456,048 $1,348,304 $107,744
2023 $17,214 $1,427,499 $1,321,867 $105,632
2022 $16,653 $1,399,509 $1,295,948 $103,561
2021 $16,121 $1,372,068 $1,270,537 $101,531
2020 $6,026 $417,887 $284,806 $133,081
2019 $5,887 $409,694 $279,222 $130,472
2018 $5,765 $401,661 $273,747 $127,914
2017 $5,680 $393,786 $268,380 $125,406
2016 $5,575 $386,065 $263,117 $122,948
2015 $5,523 $380,266 $259,164 $121,102
2014 $5,411 $372,818 $254,088 $118,730
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20000065

California Regional Multiple Listing Service (CRMLS)

APN: 425-222-01