NOT LISTED FOR SALE
2 Beds
1 Bath
3,550 Sq Ft
6,098 Sq Ft Lot

Sale Details

Date Sold: October 25, 2018

Last sale price $1,400,000 $394 Per Sq Ft

53 Days on Market

Highlights

  • No HOA
  • Level Lot
  • Wall Furnace
  • Greenbelt

About This Home

As of October 2018

Well maintained Fourplex in the desirable "Spice Streets " of Mesa Verde (Costa Mesa) .
Rents are low @ 1700 and 1825. A good basic fourplex in good area for first time buyers or 1031 upleg.
Any and all questions please call listing broker.

Last Agent to Sell the Property

Jerry Brooks

Unique Real Estate License #00972286 Listed on: 06/01/2018

Last Buyer's Agent

Howard Dinh

Together Realty License #01955933

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,183

Year Built

  • Built in 1960

Lot Details

  • 6,098 Sq Ft Lot
  • 1 Common Wall
  • Level Lot
  • Sprinkler System
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Apartment
  • Composition Roof

Interior Spaces

  • 3,550 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry in Kitchen
  • Gas Dryer Hookup

Utilities

  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity
  • Tax Lot 22
  • Tax Tract Number 2822
  • Assessor Parcel Number 13920316

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Greenbelt

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $780
  • Insurance Expense $2,050
  • Pest Control $75
  • Trash Expense $1,200
  • Water Sewer Expense $481
  • New Taxes Expense $13,000
  • Operating Expense $17,736
  • Net Operating Income $9,276

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,183

Year Built

Built in 1960

Lot Details

6,098 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Mesa Verde Residential Income (MVRI)
  • Water Sewer Expenses: 481.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 780.00
  • Parcel Number: 13920316
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 394.37

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, Gas Dryer Hookup, In Kitchen
  • Pest Control Expense: 75.00
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Greenbelt, Level with Street, Sprinkler System
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity

Multi Family

  • Average2 Bed Area: 888 Square Feet
  • Gross Scheduled Income: 84600.00
  • Gross Spendable Income: 9276.00
  • Insurance Expense: 2050.00
  • Lot Size Area: 6098.0000 Square Feet
  • Maintenance Percent: 5.00
  • Net Operating Income: 9276.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 17736.00
  • Rent Control: No
  • Total Actual Rent: 84600.00
  • Total Expenses: 17736.00

Tax Info

  • New Taxes Expense: 13000.00
  • Tax Census Tract: 638.02
  • Taxes Percent: 1.20
  • Tax Lot: 22
  • Tax Tract Number: 2822
  • Tax Annual Amount: 13183.00

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
Jun 1, 2018
Closed on
Nov 30, 2018
Sold by
Bought by
Seller's Agent
Jerry Brooks
Unique Real Estate
Buyer's Agent
Howard Dinh
Together Realty
List Price
$1,595,000
Sold Price
$1,400,000
Premium/Discount to List
-$195,000
-12.23%

Purchase Details

Listed on
Jun 1, 2018
Closed on
Sep 28, 2018
Sold by
Bought by
Seller's Agent
Jerry Brooks
Unique Real Estate
Buyer's Agent
Howard Dinh
Together Realty
List Price
$1,595,000
Sold Price
$1,400,000
Premium/Discount to List
-$195,000
-12.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 2, 2013
Closed on
May 20, 2013
Sold by
Bought by
Seller's Agent
Eric Reichert
OCProperties
Buyer's Agent
Jerry Brooks
Unique Real Estate
List Price
$1,075,000
Sold Price
$1,075,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.02%

Purchase Details

Closed on
Jan 17, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2007
Sold by
Bought by

Purchase Details

Closed on
Nov 6, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$951,200
Interest Rate
8.89%
Mortgage Type
Negative Amortization
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
-- None Available
$1,400,000 First American Title Co
$1,075,000 Lawyers Title
-- None Available
-- None Available
$1,189,000 First American Title Ins Co
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
Previous Owner $980,000
Previous Owner $960,000
Previous Owner $951,200
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 Prior Sale
10/25/2018 10/25/18 Sold $1,400,000 -12.2% $394 / Sq Ft
07/30/2018 07/30/18 For Sale $1,595,000 0.0% $449 / Sq Ft
07/24/2018 07/24/18 Pending -- -- --
06/01/2018 06/01/18 For Sale $1,595,000 +48.4% $449 / Sq Ft
06/07/2013 06/07/13 Sold $1,075,000 0.0% $303 / Sq Ft View Prior Sale
05/17/2013 05/17/13 Pending -- -- --
05/02/2013 05/02/13 For Sale $1,075,000 -- $303 / 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
2025 $19,289 $1,561,724 $1,448,626 $113,098
2024 $19,289 $1,531,102 $1,420,221 $110,881
2023 $18,618 $1,501,081 $1,392,374 $108,707
2022 $18,008 $1,471,649 $1,365,073 $106,576
2021 $17,420 $1,442,794 $1,338,307 $104,487
2020 $17,196 $1,428,000 $1,324,584 $103,416
2019 $16,817 $1,400,000 $1,298,611 $101,389
2018 $14,277 $1,163,430 $1,055,851 $107,579
2017 $13,183 $1,140,618 $1,035,148 $105,470
2016 $12,896 $1,118,253 $1,014,851 $103,402
2015 $12,767 $1,101,456 $999,607 $101,849
2014 $12,418 $1,075,000 $975,597 $99,403
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP18132325

California Regional Multiple Listing Service (CRMLS)

APN: 139-203-16

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