NOT LISTED FOR SALE

Estimated Value: $1,951,000 - $2,283,693

4 Beds
2 Baths
1,899 Sq Ft
$1,099/Sq Ft Est. Value

Last Sold June 09, 2023

Last sale price $1,800,000 $948 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $12,814/month

31 Days on Market

Highlights

  • Ocean Side of Freeway
  • Open Floorplan
  • Traditional Architecture
  • Heinz Kaiser Elementary School Rated A
  • Property is near a park
  • Wood Flooring

About This Home

As of June 2023

INVESTOR OPPORTUNITY - Located in the highly desired area of lower Eastside Costa Mesa, this highly improved income property offers two spacious detached homes with open floor plans, inviting private exterior entertaining areas with mature landscape and fruit trees, and off-street parking. The front unit, 289 E. 19th Street, offers an enclosed front patio, concrete flooring, a well-sized kitchen with slab countertops, tastefully finished bathroom with walk-in shower, and two large bedrooms with spacious closets complete with professional closet organization. Thoroughly upgraded since 2017, improvements include newer HVAC, 200 amp panel, 50 amp sub panel in the large one car garage for EV, complete electrical rewiring, all new plumbing in the home with tankless water heater, solid wood 2 panel shaker doors ,queen sized Murphy bed with custom cabinets, newer light fixtures, crown molding, door casings, baseboards, designer window coverings, recessed lighting, ceiling fans, newer interior and exterior paint, recently installed bathroom vanity and newer closet and French doors. The rear unit, 291 E. 19th Street, also has two large bedrooms, a tastefully finished bathroom, private carport and has also been extensively upgraded since 2017. Recent improvements and amenities include an open kitchen with slab countertops, central air conditioning, complete electrical rewiring, newer light fixtures and ceiling fans, partial re-plumbing and recently installed water heater, a roof that was replaced in 2022, and fresh exterior paint. With a true sense of separation between the homes and private individual access to the front and rear homes, it is not often we see such well improved income properties with a keen sense of taste and attention to detail in quality permitted improvements done by licensed contractors. Ideal for the investor or owner/user, both units are separately metered for electricity and gas, and are also just a short distance from all of the conveniences of 17th Street, Fashion Island, South Coast Plaza, John Wayne Airport, and the famed beaches of the Newport Peninsula.

Last Agent to Sell the Property

Matt Perry

Arbor Real Estate License #01192690 Listed on: 04/17/2023

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,870

Year Built

  • Built in 1939 | Remodeled

Lot Details

  • 6,273 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Wood Fence
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Private Yard
  • Garden
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage
  • 1 Carport Space
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Driveway Level
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Turnkey
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,899 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Raised Hearth
  • Fireplace Features Masonry
  • Double Pane Windows
  • Custom Window Coverings
  • Roller Shields
  • Blinds
  • Window Screens
  • French Doors
  • Panel Doors
  • Great Room
  • Living Room with Fireplace
  • Courtyard Views

Kitchen

  • Convection Oven
  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Quartz Countertops
  • Disposal

Flooring

  • Wood
  • Laminate
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Mirrored Closets Doors
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • No Interior Steps

Outdoor Features

  • Ocean Side of Freeway
  • Exterior Lighting
  • Outdoor Storage
  • Rain Gutters

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Private Water Source
  • Tankless Water Heater
  • Gas Water Heater
  • Central Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 22 / H
  • Tax Tract Number 594
  • Assessor Parcel Number 11721413
  • $1,257 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Eastside South Subdivision

Recreation

  • Dog Park

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,870

Year Built

Built in 1939 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • Price Per Unit: 924500
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Eastside South (ESCM)
  • View: Yes
  • Architectural Style: Traditional
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 11721413
  • Year Built: 1939
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Built-in Features, Ceiling Fan(s), Crown Molding, Granite Counters, High Ceilings, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Concrete, Laminate, Tile, Wood
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Door Features: French Doors, Mirror Closet Door(s), Panel Doors
  • Entry Level: 1
  • Fireplace Features: Living Room, Masonry, Raised Hearth
  • Levels: One
  • Price Per Square Foot: 947.87
  • Room Type: All Bedrooms Down, Great Room, Kitchen, Laundry, Main Floor Bedroom, Main Floor Master Bedroom
  • Window Features: Blinds, Custom Covering, Double Pane Windows, Roller Shields, Screens

Exterior Features

  • Foundation: Slab
  • Other Structures: Storage
  • Exterior Features: Lighting
  • View: Courtyard
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Covered, Driveway, Concrete, Driveway Level, Garage, Garage Faces Front, Garage - Single Door, Off Street
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Convection Oven, Dishwasher, Disposal, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Water Heater Central, Water Heater
  • Heating Type: Forced Air, Natural Gas
  • Laundry Features: Dryer Included, Electric Dryer Hookup, Gas & Electric Dryer Hookup, Gas Dryer Hookup, In Closet, In Garage, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Private
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Dog Park, Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Garden, Landscaped, Level with Street, Lot 6500-9999, Rectangular Lot, Near Public Transit, Park Nearby, Yard
  • Lot Size Sq Ft: 6273.00
  • Lot Size Acres: 0.1440

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 80400.00
  • Lot Size Area: 6273.0000 Square Feet
  • 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
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Rent Control: No
  • Total Actual Rent: 6700.00
  • Waterfront Features: Ocean Side of Freeway

Tax Info

  • Tax Block: H
  • Tax Census Tract: 633.01
  • Tax Lot: 22
  • Tax Tract Number: 594
  • TaxOtherAnnualAssessmentAmount: 1257.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2023
Closed on
May 22, 2023
Sold by
Barnes Sandra
Bought by
Phillips Rebecca
Seller's Agent
Matt Perry
Arbor Real Estate
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,849,000
Sold Price
$1,800,000
Premium/Discount to List
-$49,000
-2.65%
Total Days on Market
31
Views
150
Current Estimated Value
$2,086,923

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$286,923
Avg. Annual Appreciation
7.76%

Purchase Details

Closed on
May 8, 2019
Sold by
Brooks Robert and Barnes Sandra
Bought by
Barnes Sandra

Purchase Details

Listed on
Jul 5, 2017
Closed on
Jul 28, 2017
Sold by
Diaz Inez
Bought by
Brooks Robert and Barnes Sandra
Seller's Agent
Monique Vang
First Team Real Estate
Buyer's Agent
Noelle Forbes
ENRG Realty, Inc.
List Price
$1,350,000
Sold Price
$1,250,000
Premium/Discount to List
-$100,000
-7.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.88%
Original Mortgage
$937,500
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 26, 2010
Sold by
Diaz John M and Diaz Inez
Bought by
Diaz John M and Diaz Inez

Purchase Details

Closed on
Feb 10, 2005
Sold by
Diaz John and Diaz Inez
Bought by
Diaz John and Diaz Inez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
5.65%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 18, 1999
Sold by
Diaz John M and Diaz Inez Inez
Bought by
Diaz John M and Diaz Inez
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Phillips Rebecca $1,800,000 Lawyers Title
Barnes Sandra -- Wfg National Title
Brooks Robert $1,250,000 Western Resources Title
Diaz John M -- None Available
Diaz John -- Fidelity National Title
Diaz John M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barnes Sandra $930,000
Previous Owner Brooks Robert $937,500
Previous Owner Diaz John $734,450
Previous Owner Diaz John $25,000
Previous Owner Diaz John M $283,000
Previous Owner Diaz John M $263,290
Previous Owner Diaz John M $205,000
Previous Owner Diaz John M $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2023 06/09/23 Sold $1,800,000 -2.7% $948 / Sq Ft
05/18/2023 05/18/23 Pending -- -- --
04/17/2023 04/17/23 For Sale $1,849,000 +47.9% $974 / Sq Ft
09/22/2017 09/22/17 Sold $1,250,000 0.0% $693 / Sq Ft
07/26/2017 07/26/17 Pending -- -- --
07/19/2017 07/19/17 Price Changed $1,250,000 -7.4% $693 / Sq Ft
07/05/2017 07/05/17 For Sale $1,350,000 0.0% $749 / Sq Ft
09/01/2016 09/01/16 Rented $2,600 0.0% --
08/09/2016 08/09/16 For Rent $2,600 +4.0% --
01/05/2015 01/05/15 Rented $2,500 +4.2% --
01/05/2015 01/05/15 For Rent $2,400 -- --
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
2024 $20,870 $1,836,000 $1,780,694 $55,306
2023 $15,744 $1,367,057 $1,320,569 $46,488
2022 $15,353 $1,340,252 $1,294,675 $45,577
2021 $14,949 $1,313,973 $1,269,289 $44,684
2020 $14,778 $1,300,500 $1,256,274 $44,226
2019 $14,458 $1,275,000 $1,231,641 $43,359
2018 $14,166 $1,250,000 $1,207,491 $42,509
2017 $2,026 $102,185 $65,206 $36,979
2016 $1,994 $100,182 $63,928 $36,254
2015 $1,974 $98,678 $62,968 $35,710
2014 $2,012 $96,746 $61,735 $35,011
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG23062325

California Regional Multiple Listing Service (CRMLS)

APN: 117-214-13