NOT LISTED FOR SALE
2 Beds
2 Baths
1,150 Sq Ft
7,000 Sq Ft Lot

Last Sold January 19, 2021

Last sale price $1,218,750 $1,060 Per Sq Ft

66 Days on Market

Highlights

  • No HOA
  • Neighborhood Views
  • 2 Car Garage
  • Newport Heights Elementary Rated A
  • Laundry Room
  • 4-minute walk to Heller Park

About This Home

As of January 2021

Two units on one lot in prime Eastside Costa Mesa location! This well-located duplex – literally across the street from Newport Beach – sits on a ~7,000 sqft lot zoned R2-MD with alley access. Behind the white picket fence and mature landscaping you’ll find 2 units (single level and attached at one wall) with 1 bedroom and 1 bath. Each unit has a large, private yard space and they are separately metered for gas and electric. On the alley, there is a 2 car garage with laundry room, plus additional parking.
Multiple opportunities for the prudent investor include long term rental income, add an additional unit (or two) thanks to the newest Accessory Dwelling Unit (ADU) regulations (buyer to verify with city) or rebuild into a single-family home or duplex.
This prime location is a block from Newport Heights Elementary and a short stroll or roll to the beach, plus the best dining, shopping and entertaining in Costa Mesa and Newport Beach.

Last Agent to Sell the Property

Christian Walsh

Berkshire Hathaway HomeServices California Properties License #01804983 Listed on: 11/05/2020

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

John Ioan Man

Coldwell Banker Roadrunner Realty License #02022928

Coldwell Banker Roadrunner Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 7,000 Sq Ft Lot
  • 1 Common Wall
  • Back and Front Yard

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • 1 Carport Space
  • Parking Available

Home Design

  • Duplex

Interior Spaces

  • 1,150 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 9
  • Tax Tract Number 5
  • Assessor Parcel Number 42516102

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Eastside Heights Subdivision

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $840
  • Insurance Expense $900
  • Trash Expense $480
  • Water Sewer Expense $1,368
  • New Taxes Expense $13,692
  • Operating Expense $17,280
  • Gross Income $40,800
  • Net Operating Income $23,520

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Eastside Heights (EHCM)
  • View: Yes
  • Water Sewer Expenses: 1368.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 42516102
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 1059.78
  • Room Type: All Bedrooms Down, Kitchen

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 480.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 7000.00
  • Lot Size Acres: 0.1607

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 40800.00
  • Gross Scheduled Income: 40800.00
  • Insurance Expense: 900.00
  • Lot Size Area: 7000.0000 Square Feet
  • Net Operating Income: 23520.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 17280.00
  • Rent Control: No
  • Total Actual Rent: 40800.00
  • Total Expenses: 17280.00

Tax Info

  • New Taxes Expense: 13692.00
  • Tax Census Tract: 633.02
  • Tax Lot: 9
  • Tax Tract Number: 5

Matterport 3D Tour

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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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
01/19/2021 01/19/21 Sold $1,218,750 -6.3% $1,060 / Sq Ft
11/05/2020 11/05/20 For Sale $1,300,000 -- $1,130 / 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 $14,993 $1,319,212 $1,190,675 $128,537
2024 $14,993 $1,293,346 $1,167,329 $126,017
2023 $14,579 $1,267,987 $1,144,440 $123,547
2022 $14,287 $1,243,125 $1,122,000 $121,125
2021 $6,179 $479,929 $434,117 $45,812
2020 $6,092 $475,008 $429,665 $45,343
2019 $5,955 $465,695 $421,241 $44,454
2018 $5,833 $456,564 $412,981 $43,583
2017 $5,742 $447,612 $404,883 $42,729
2016 $5,627 $438,836 $396,944 $41,892
2015 $5,575 $432,245 $390,982 $41,263
2014 $5,455 $423,778 $383,323 $40,455
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20232788

California Regional Multiple Listing Service (CRMLS)

APN: 425-161-02