NOT LISTED FOR SALE
6 Beds
6 Baths
3,268 Sq Ft
1958 Built

Last Sold September 26, 2017

Last sale price $1,416,360 $433 Per Sq Ft

24 Days on Market

Highlights

  • No Units Above
  • No HOA
  • 3 Car Garage
  • Heinz Kaiser Elementary School Rated A
  • Laundry Room
  • Wall Furnace

About This Home

As of September 2017

This highly desirable Eastside Costa Mesa triplex features three large townhouse-style 2 bedroom/1.5 bath units, each of approximately 1090 square feet. The kitchens have been remodeled and the downstairs floors are low maintenance ceramic tile. Downstairs also features a powder room. Upstairs there are 2 large bedrooms with vaulted ceilings and a bathroom.

Resident amenities include a stacked washer/dryer, private front patio and a large, private backyard in each unit. Each unit includes a one car garage. Units are separately metered for gas and electric. Conservative pro forma rents are $2200 per unit.

This convenient location is near popular 17th St in Eastside Costa Mesa, which means easy access to some of the best shopping, dining and amenities on the Eastside and high rents for the investor/owner. Also, across from Grit Cycle. This building would be ideal for the prudent investor or an owner-occupant looking to live in one and rent out the others.

Last Agent to Sell the Property

Christian Walsh

Berkshire Hathaway HomeServices California Properties License #01804983 Listed on: 06/30/2017

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Brad Gentry

Compass License #00716740

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 6,268 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Back Yard

Parking

  • 3 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • 3,268 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Upper Level Bedrooms
  • 6 Bathrooms

Additional Features

  • Laundry Room
  • Suburban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 8
  • Tax Tract Number 3202
  • Assessor Parcel Number 42546208

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,040
  • Insurance Expense $1,200
  • Water Sewer Expense $936
  • New Taxes Expense $14,962
  • Operating Expense $18,138
  • Gross Income $66,600
  • Net Operating Income $48,462

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Eastside South (ESCM)
  • Water Sewer Expenses: 936.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1040.00
  • Parcel Number: 42546208
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Levels: Two
  • Price Per Square Foot: 433.40
  • Room Type: All Bedrooms Up

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 6268.00

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average2 Bed Area: 1090 Square Feet
  • Gross Income: 66600.00
  • Gross Scheduled Income: 66600.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 48462.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Range: 3
  • Operating Expense: 18138.00
  • Rent Control: No
  • Total Expenses: 18138.00

Tax Info

  • New Taxes Expense: 14962.00
  • Tax Census Tract: 633.01
  • Tax Lot: 8
  • 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 Change Sq Ft Price
09/26/2017 09/26/17 Sold $1,416,360 -0.6% $433 / Sq Ft
07/24/2017 07/24/17 Pending -- -- --
06/30/2017 06/30/17 For Sale $1,425,000 -- $436 / 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: PW17148794

California Regional Multiple Listing Service (CRMLS)

APN: 425-462-08