NOT LISTED FOR SALE
6 Beds
6 Baths
3,220 Sq Ft
6,970 Sq Ft Lot

Last Sold July 23, 2021

Last sale price $2,000,000 $621 Per Sq Ft

2 Days on Market

Highlights

  • No Units Above
  • Laundry Room
  • Rectangular Lot
  • Heinz Kaiser Elementary School Rated A
  • Forced Air Heating System

About This Home

As of July 2021

Partially updated East Side Costa Mesa Triplex in a prime location right off 17th street, blocks away from the city’s top eateries and shopping centers with easy access to Newport Boulevard and the 55 freeway and minutes to the beach. This is a fantastic, stable investment opportunity, fully occupied with long-term tenants. These three, two-story units are 2 bedroom/1.5 bath and each have a main level entrance and a private, fenced off backyard. This building has undergone full renovation in one unit and a partial in another. 3-car garage, 2-car exterior parking, and plenty of street parking.

Last Agent to Sell the Property

Kent Martin

Coldwell Banker Realty License #01873148 Listed on: 06/18/2021

Coldwell Banker Realty

Last Buyer's Agent

Celeste Gilles

Pacific Sotheby’s International Realty License #01209187

Pacific Sotheby’s International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 6,970 Sq Ft Lot
  • No Units Above
  • Two or More Common Walls
  • Rectangular Lot

Parking

  • 2 Open Parking Spaces
  • 3 Car Garage

Home Design

  • Triplex

Interior Spaces

  • 3,220 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Additional Features

  • Suburban Location
  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 3202
  • Assessor Parcel Number 42546204

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Trash Expense $900
  • Water Sewer Expense $1,020
  • Operating Expense $4,010
  • Gross Income $87,600
  • Net Operating Income $87,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 1020.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 42546204
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls, No One Above
  • Levels: Two
  • Price Per Square Foot: 621.12

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Storm Drains, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Multi Family

  • Gross Income: 87600.00
  • Gross Scheduled Income: 87600.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 6970.0000 Square Feet
  • Net Operating Income: 87600.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 4010.00
  • Rent Control: Yes
  • Total Actual Rent: 7300.00
  • Total Expenses: 4010.00

Tax Info

  • Tax Census Tract: 633.01
  • Tax Lot: 4
  • Tax Tract Number: 3202

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 Prior Sale
07/23/2021 07/23/21 Sold $2,000,000 +0.1% $621 / Sq Ft
06/21/2021 06/21/21 Pending -- -- --
06/18/2021 06/18/21 For Sale $1,999,000 +93.1% $621 / Sq Ft
05/30/2012 05/30/12 Sold $1,035,000 -3.7% $321 / Sq Ft View Prior Sale
03/31/2012 03/31/12 Pending -- -- --
03/26/2012 03/26/12 For Sale $1,075,000 -- $334 / 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: NP21132276

California Regional Multiple Listing Service (CRMLS)

APN: 425-462-04