NOT LISTED FOR SALE
4 Beds
3 Baths
3,144 Sq Ft
6,233 Sq Ft Lot

Sale Details

Date Sold: November 6, 2024

Last sale price $2,050,000 $652 Per Sq Ft

7 Days on Market

Highlights

  • Forced Air Heating System
  • Laundry Facilities
  • Rectangular Lot

About This Home

As of November 2024

Discover this fantastic investment opportunity in the highly sought-after Eastside Heights community of Costa Mesa! This well-maintained triplex features three unique units, offering great versatility for tenants or owner-occupied investment. Two Townhome-Style Units (B & C): Two spacious 2-bedroom, 1.5 bath units, each with 1,104 sq. ft., provide comfortable living with large living rooms, half bath's downstairs, kitchen and dining area as well as private patios. Both units come with in-unit laundry rooms and garage parking for added convenience. Unit C has just been beautifully updated with a brand-new kitchen featuring quartz countertops and new cabinets, a fully remodeled bathroom, fresh paint, and new carpet— vacant and ready for immediate occupancy. Front Unit (A): A cozy 936 sq. ft. unit with 2 bedrooms, plus a den, 1 bathroom, a private patio, and its own laundry area. Ideal for tenants or personal use! With garage parking for all units, this property is an ideal choice for long-term rental potential or as a multi-generational home. Nestled in an amazing location close to parks, shopping, and dining, this triplex combines comfortable living with investment potential. Don’t miss out on this great opportunity in Costa Mesa’s Eastside Heights!

Last Agent to Sell the Property

Justin Reynolds

D E Properties Brokerage Phone: 949-903-0322 License #01506837 Listed on: 09/25/2024

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 6,233 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Parking

  • 1 Open Parking Space
  • 3 Car Garage

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 3,144 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Gas And Electric Dryer Hookup

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 15
  • Tax Tract Number 2996
  • Assessor Parcel Number 42522217
  • $2,245 per year additional tax assessments

Community Details

Overview

  • 3 Units
  • Eastside Heights Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Insurance Expense $2,800
  • Other Expense $5,000
  • Water Sewer Expense $1,059
  • Operating Expense $8,000
  • Gross Income $106,800
  • Net Operating Income $98,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

6,233 Sq Ft Lot

Parking

3

Listing Details

  • CapRate: 5.34
  • Property Attached: No
  • Subdivision Name Other: Eastside Heights (EHCM)
  • Water Sewer Expenses: 1059.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 42522217
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Price Per Square Foot: 652.04

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6233.00
  • Lot Size Acres: 0.1431

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 106800.00
  • Gross Scheduled Income: 106800.00
  • Insurance Expense: 2800.00
  • Lot Size Area: 6233.0000 Square Feet
  • Net Operating Income: 98800.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Disposal: 3
  • Number With Drapes: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Operating Expense: 8000.00
  • Other Expense: 5000.00
  • Other Expense Description: Misc.
  • Rent Control: Yes
  • Total Expenses: 8000.00

Tax Info

  • Tax Census Tract: 633.01
  • Tax Lot: 15
  • Tax Tract Number: 2996
  • TaxOtherAnnualAssessmentAmount: 2245.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2024
Closed on
Oct 10, 2024
Sold by
Bought by
Seller's Agent
Justin Reynolds
D E Properties
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$2,100,000
Sold Price
$2,050,000
Premium/Discount to List
-$50,000
-2.38%
Views
9

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,537,500
Interest Rate
5.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 2016
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,050,000 Wfg National Title
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,533,000
Closed $1,537,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/06/2024 11/06/24 Sold $2,050,000 -2.4% $652 / Sq Ft
10/02/2024 10/02/24 Pending -- -- --
09/25/2024 09/25/24 For Sale $2,100,000 -- $668 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $24,171 $2,091,000 $1,949,437 $141,563
2025 $3,502 $2,050,000 $1,911,212 $138,788
2024 $3,502 $95,987 $27,084 $68,903
2023 $3,232 $94,105 $26,553 $67,552
2022 $2,900 $92,260 $26,032 $66,228
2021 $2,633 $90,451 $25,521 $64,930
2020 $2,565 $89,524 $25,259 $64,265
2019 $2,498 $87,769 $24,764 $63,005
2018 $2,444 $86,049 $24,279 $61,770
2017 $2,419 $84,362 $23,803 $60,559
2016 $2,388 $82,708 $23,336 $59,372
2015 $2,365 $81,466 $22,985 $58,481
2014 $2,328 $79,871 $22,535 $57,336
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP24199611

California Regional Multiple Listing Service (CRMLS)
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