NOT LISTED FOR SALE
6 Beds
5 Baths
3,178 Sq Ft
6,098 Sq Ft Lot

Sale Details

Date Sold: February 28, 2025

Last sale price $1,442,000 $454 Per Sq Ft

108 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Bike Trail
  • 4-minute walk to Paularino Park
  • Paularino Elementary School Rated A-
  • Wall Furnace

About This Home

As of February 2025

This rare offering of a well-maintained triplex, located in a desirable Costa Mesa neighborhood just off Baker and Fairview, offers fantastic investment potential. The property features two spacious townhome style 2-bedroom, 1.5-bath units and one single level 2-bedroom, 1-bath unit, each with its own large private patio – perfect for enjoying some outdoors. The exterior has been recently rehabbed and looks clean with new windows throughout, while the interiors offer a blank slate for upgrades presenting an opportunity to enhance the property’s value. With the ability to modernize and bring rents up to market levels, this triplex is an ideal choice for any investor looking to maximize returns in a coastal location known for its strong rental demand and increasing values! Don't miss out on this chance to lock up a solid apartment investment in one of Costa Mesa’s thriving communities!

Last Agent to Sell the Property

David Sanford

David Sanford, Broker Brokerage Phone: 949-306-9508 License #00826382 Listed on: 09/24/2024

Co-Listed By

Gaston Sanford

David Sanford, Broker Brokerage Phone: 949-306-9508 License #02023145

Last Buyer's Agent

David Sanford

David Sanford, Broker Brokerage Phone: 949-306-9508 License #00826382 Listed on: 09/24/2024

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 6,098 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Open Parking Spaces
  • 3 Car Garage

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 3,178 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 3
  • Tax Tract Number 4281
  • Assessor Parcel Number 14113413
  • $1,249 per year additional tax assessments

Community Details

Recreation

  • Bike Trail

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $500
  • Insurance Expense $4,000
  • Maintenance Expense $3,000
  • Professional Management Expense $3,189
  • Trash Expense $3,000
  • Water Sewer Expense $1,800
  • New Taxes Expense $19,198
  • Operating Expense $34,687
  • Gross Income $72,420
  • Net Operating Income $37,733

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

6,098 Sq Ft Lot

Parking

3

Listing Details

  • CapRate: 2.36
  • Professional Management Expense: 3189.00
  • Property Attached: No
  • Water Sewer Expenses: 1800.00
  • Zoning: R-3
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 500.00
  • Parcel Number: 14113413
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 453.74

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 3000.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 72420.00
  • Gross Operating Income: 72420.00
  • Gross Scheduled Income: 72420.00
  • Insurance Expense: 4000.00
  • Lot Size Area: 6098.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 37733.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 34687.00
  • Rent Control: Yes
  • Total Actual Rent: 6035.00
  • Total Expenses: 34687.00

Tax Info

  • New Taxes Expense: 19198.00
  • Tax Census Tract: 639.03
  • Tax Lot: 3
  • Tax Tract Number: 4281
  • TaxOtherAnnualAssessmentAmount: 1249.00

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

Closed on
Sep 15, 2025
Sold by
Bought by

Purchase Details

Listed on
Sep 24, 2024
Closed on
Feb 4, 2025
Sold by
Bought by
Seller's Agent
David Sanford
David Sanford, Broker
Buyer's Agent
David Sanford
David Sanford, Broker
List Price
$1,625,000
Sold Price
$1,442,000
Premium/Discount to List
-$183,000
-11.26%
Views
97

Purchase Details

Closed on
Mar 24, 2011
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
$138,000
Interest Rate
4.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 5, 2010
Sold by
Bought by

Purchase Details

Closed on
Feb 8, 2010
Sold by
Bought by

Purchase Details

Closed on
Nov 13, 2007
Sold by
Bought by

Purchase Details

Closed on
Jan 24, 2003
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
$160,000
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 20, 1995
Sold by
Bought by

Purchase Details

Closed on
Oct 1, 1994
Sold by
Bought by

Purchase Details

Closed on
Sep 13, 1994
Sold by
Bought by
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
-- First American Title Company
$1,442,000 First American Title Company
-- Chicago Title Servicelink Di
-- None Available
-- None Available
-- None Available
-- None Available
-- Accommodation
$368,454 Accommodation
-- First American Title Co
-- Continental Lawyers Title Co
$158,000 First American Title Ins Co
$131,751 Orange Coast Title
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 $138,000
Previous Owner $160,000
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
02/28/2025 02/28/25 Sold $1,442,000 -3.9% $454 / Sq Ft
12/10/2024 12/10/24 Price Changed $1,499,900 -3.2% $472 / Sq Ft
11/25/2024 11/25/24 Price Changed $1,549,900 -4.6% $488 / Sq Ft
09/24/2024 09/24/24 For Sale $1,625,000 -- $511 / 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
2026 $9,287 $1,442,000 $1,299,191 $142,809
2025 $9,087 $751,296 $608,487 $142,809
2024 $9,087 $736,565 $596,556 $140,009
2023 $8,819 $722,123 $584,859 $137,264
2022 $8,510 $707,964 $573,391 $134,573
2021 $8,214 $694,083 $562,148 $131,935
2020 $8,136 $686,967 $556,384 $130,583
2019 $7,984 $673,498 $545,475 $128,023
2018 $7,833 $660,293 $534,780 $125,513
2017 $7,700 $647,347 $524,295 $123,052
2016 $7,535 $634,654 $514,014 $120,640
2015 $7,458 $625,121 $506,293 $118,828
2014 $7,285 $612,876 $496,375 $116,501
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP24197933

California Regional Multiple Listing Service (CRMLS)
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