NOT LISTED FOR SALE

300 Santa Isabel Ave Costa Mesa, CA 92627

Eastside Costa Mesa Neighborhood
6 Beds
6 Baths
4,140 Sq Ft
7,841 Sq Ft Lot

Last Sold July 05, 2019

Last sale price $1,572,500 $380 Per Sq Ft

63 Days on Market

Highlights

  • Private Yard
  • No HOA
  • Recessed Lighting
  • Heinz Kaiser Elementary School Rated A
  • 3 Car Direct Access Garage
  • 4-minute walk to Brentwood Park

About This Home

As of July 2019

Rare Opportunity to Own a Multi-Unit Investment Property in the Highly Desirable Neighborhood of EastSide Costa Mesa. This Tri-Plex Features Three Units Each Consisting of: Two Bedrooms, One and Half Bathrooms, and Approximately 1,380 Square Feet. Each Floor Plan Features a Large Family Room With a Fireplace That Opens To The Dining Area and Kitchen. All Units Include Large Bedrooms, Plenty of Storage, and Interior Washer/Dryer Hook Ups. End Units, A and C, Include Direct Access To Their Single Car Garage and Feature Private Side Yards. The Interior Unit B, Includes a Detached One Car Garage and Boasts a Fantastic Patio Area Perfect For Entertaining. The Lot Affords Four Additional Exterior Parking Spots. Current Rental Rates Are Well Below Market Value. Conservative Pro Forma Rents Are $2,100 Plus Allowing An Investor To Further Improve Revenue and Value. This Tri-Plex Is a Short Walk To The Hiking and Biking Trails In Newport’s Back Bay, a Short Drive To The Hub of 17th Street Featuring World Class Restaurants and Entertainment, and Centrally Located With Quick Access To The 55, 405, and 5 Freeways. Just Minutes From The Coast Line, South Coast Plaza, Triangle Square, and Fashion Island. Do Not Miss This Great Opportunity To Own a Multi-Unit Investment Property in the Most Prestigious Rental Market in the City!

Last Agent to Sell the Property

John Katnik

Katnik Brothers R.E. Services License #01881694 Listed on: 03/18/2019

Last Buyer's Agent

Linda Setian

Linda Setian, Broker License #00905265

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,366

Year Built

  • Built in 1974

Lot Details

  • 7,841 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Private Yard

Parking

  • 3 Car Direct Access Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Parking Lot

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 4,140 Sq Ft Home
  • 2-Story Property
  • Recessed Lighting
  • Family Room with Fireplace

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Upper Level Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Water Heater

Listing and Financial Details

  • Tax Lot 113
  • Tax Tract Number 300
  • Assessor Parcel Number 43913101

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,440
  • Insurance Expense $2,154
  • Water Sewer Expense $650
  • New Taxes Expense $18,139
  • Operating Expense $22,383
  • Gross Income $63,600
  • Net Operating Income $51,990

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,366

Year Built

Built in 1974

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Eastside Costa Mesa
  • View: No
  • Water Sewer Expenses: 650.00
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 43913101
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Pantry, Recessed Lighting
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 379.83
  • Room Type: All Bedrooms Up, Family Room, Kitchen

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Concrete, Garage, Parking Space, Private
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Appliances: Water Heater
  • Laundry Features: Common Area, Gas Dryer Hookup, In Kitchen, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lot 6500-9999, Yard
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800
  • Latitude Manual: 33.65258500

Multi Family

  • Gross Income: 63600.00
  • Gross Scheduled Income: 63600.00
  • Insurance Expense: 2154.00
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 51990.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 11610.00
  • Rent Control: No
  • Total Expenses: 22383.00

Tax Info

  • New Taxes Expense: 18139.00
  • Tax Census Tract: 631.02
  • Tax Lot: 113
  • Tax Tract Number: 300
  • Tax Annual Amount: 7366.00

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
07/05/2019 07/05/19 Sold $1,572,500 -4.6% $380 / Sq Ft
05/20/2019 05/20/19 Pending -- -- --
03/18/2019 03/18/19 For Sale $1,649,000 -- $398 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • John Katnik

    Seller's Agent in 2019

    John Katnik

    Katnik Brothers R.E. Services

    (714) 486-1419

    2 in this area

    573 Total Sales

    John Katnik
    Section Image

  • L

    Buyer's Agent in 2019

    Linda Setian

    Linda Setian, Broker

    (714) 746-8847

    3 Total Sales

    Linda Setian
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19060304

California Regional Multiple Listing Service (CRMLS)

APN: 439-131-01

California Orange County Costa Mesa 92627 Eastside Costa Mesa

300 Santa Isabel Ave, Costa Mesa, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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