M
Seller's Agent in 2021
Michael Mignosa
The Browar Group
3001 Coolidge Ave Costa Mesa, CA 92626
Northside Costa Mesa Neighborhood
2
Beds
1
Bath
3,166
Sq Ft
5,802
Sq Ft Lot
Highlights
- Property is near park
- Corner Lot
- No HOA
- Paularino Elementary School Rated A-
- Private Yard
- Laundry Room
About This Home
As of August 2021The subject property is a two-story, 3 unit apartment complex situated West of the 405, and North of the 55 freeways, on Coolidge Avenue in Costa Mesa, CA 92626. The property is a 15 minute drive from Newport Beach, 10 minute drive to John Wayne Airport, and walking distance from local schools, shopping, and restaurants/bars. The property was originally built circa 1962, and contains (3) units. The property is comprised of (1) 2bed+1bath unit, and (2) townhome style 2bed+1.5bath units, for an approximate total of 3,166 rentable square feet. All units have in-unit laundry. There is (1) single car garage, and (1) two car garage, with an additional 3 on- site parking spaces. Held long-term by current ownership, the property represents an excellent value-add opportunity for astute investors to fix up the units and increase cash flow. In addition to upside in the rents, it is possible to monetize the parking garages/spaces to create additional income.
Last Agent to Sell the Property
Michael Mignosa
The Browar Group License #02049221 Listed on: 07/05/2021
Last Buyer's Agent
Michael Mignosa
The Browar Group License #02049221 Listed on: 07/05/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 5,803 Sq Ft Lot
- Two or More Common Walls
- Corner Lot
- Private Yard
- Lawn
- Back Yard
Parking
- 3 Open Parking Spaces
- 3 Car Garage
Home Design
- Triplex
Interior Spaces
- 3,166 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Additional Features
- Property is near park
- Combination Of Heating Systems
Listing and Financial Details
- Assessor Parcel Number 14114165
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- 3 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $5,904
- Water Sewer Expense $3,000
- New Taxes Expense $14,259
- Operating Expense $29,086
- Gross Income $48,900
- Net Operating Income $18,347
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/19/2021 08/19/21 | Sold | $1,250,000 | +4.2% | $395 / Sq Ft |
| 07/07/2021 07/07/21 | Pending | -- | -- | -- |
| 07/05/2021 07/05/21 | For Sale | $1,200,000 | -- | $379 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 |
|---|---|---|---|---|
| 2025 | $16,008 | $1,326,510 | $1,213,528 | $112,982 |
| 2024 | $16,008 | $1,300,500 | $1,189,733 | $110,767 |
| 2023 | $15,483 | $1,275,000 | $1,166,404 | $108,596 |
| 2022 | $15,030 | $1,250,000 | $1,143,533 | $106,467 |
| 2021 | $6,959 | $501,398 | $369,367 | $132,031 |
| 2020 | $6,850 | $496,257 | $365,579 | $130,678 |
| 2019 | $6,693 | $486,527 | $358,411 | $128,116 |
| 2018 | $6,555 | $476,988 | $351,384 | $125,604 |
| 2017 | $6,571 | $467,636 | $344,494 | $123,142 |
| 2016 | $6,446 | $458,467 | $337,739 | $120,728 |
| 2015 | $6,384 | $451,581 | $332,666 | $118,915 |
| 2014 | $6,252 | $442,736 | $326,150 | $116,586 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PTP2104669
APN: 141-141-65
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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