NOT LISTED FOR SALE

3009 Coolidge Ave Costa Mesa, CA 92626

Northside Costa Mesa Neighborhood
6 Beds
5 Baths
3,698 Sq Ft
6,469 Sq Ft Lot

Last Sold October 18, 2019

Last sale price $1,000,000 $270 Per Sq Ft

35 Days on Market

Highlights

  • No Units Above
  • Property is near a park
  • Laundry Room
  • Paularino Elementary School Rated A-
  • No HOA
  • 3 Car Garage

About This Home

As of October 2019

Great location 3/4 mile SW of South Coast Plaza. Located 1/2 mile from Orange Coast College and less than 2 miles from John Wayne Airport.
The property consists of a single building with a 1-story, 2 BR/1 BA unit in the front and two 2 BR/1.5 BA two-story townhouse-style units in the rear. Very spacious units approx. 1,063 sf, each with attached patio. The building was constructed in 1962. Each unit has an individual garage space and there are 2 additional uncovered parking spaces. Parking is accessed through a rear alley. Vinyl and plank flooring. There is an extremely strong demand for rentals in this area. There is significant upside in the current rent rates. The 2 BR/1 BA rents for $1,610 and 2 BR/1.5 BA unit rents for $1,675, on the same street are currently rented at rates as high as $1,700 and $1,850/month, respectively. Current income specified below is actual. Current expenses are estimated. Projected Scheduled Gross Income and Net Operating Expenses with renovated units at market rental rates are $59,520 and $31,208 respectively. Projected Gross Rent Multiplier is 19.2. Selling as is.

Last Agent to Sell the Property

Lyn Janota

William Kennedy And Associates License #01944862 Listed on: 08/01/2019

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 6,469 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Wood Fence
  • Rectangular Lot
  • Back and Front Yard
  • Density is 21-25 Units/Acre

Parking

  • 3 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage
  • Three Garage Doors
  • Parking Lot
  • Off-Street Parking

Home Design

  • Triplex
  • Slab Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,698 Sq Ft Home
  • 2-Story Property
  • Window Screens
  • Vinyl Flooring

Kitchen

  • Gas Range
  • Free-Standing Range
  • Formica Countertops
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Vented Exhaust Fan
  • Overhead Utilities
  • Water Heater

Additional Features

  • Rain Gutters
  • Property is near a park

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 44
  • Tax Tract Number 4281
  • Assessor Parcel Number 14114157

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,150
  • Insurance Expense $1,043
  • Trash Expense $1,109
  • Water Sewer Expense $1,328
  • Operating Expense $4,630
  • Gross Income $59,520
  • Net Operating Income $28,312

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Maintained, Paved
  • Subdivision Name Other: Mesa North - President Streets (PRMN)
  • View: No
  • Water Sewer Expenses: 1328.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1150.00
  • Parcel Number: 14114157
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Interior Amenities: Formica Counters, Unfurnished
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Flooring: Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 270.42
  • Window Features: Screens

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls, Frame, Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Rear, Garage - Three Door, Off Street, On Site, Parking Space, Private
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Disposal, Gas Range, Vented Exhaust Fan, Water Heater
  • Heating Type: Wall Furnace, Natural Gas
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1109.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 21-25 Units/Acre, Back Yard, Front Yard, Rectangular Lot, Park Nearby, Utilities - Overhead
  • Lot Size Sq Ft: 6469.00
  • Lot Size Acres: 0.1485

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Income: 59520.00
  • Gross Scheduled Income: 59520.00
  • Insurance Expense: 1043.00
  • Lot Size Area: 6469.0000 Square Feet
  • Net Operating Income: 28312.00
  • 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: 31208.00
  • Rent Control: No
  • Total Expenses: 4630.00

Tax Info

  • Tax Census Tract: 639.03
  • Tax Lot: 44
  • Tax Tract Number: 4281

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 Change Sq Ft Price
10/18/2019 10/18/19 Sold $1,000,000 -15.3% $270 / Sq Ft
09/05/2019 09/05/19 Pending -- -- --
08/01/2019 08/01/19 For Sale $1,180,000 -- $319 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2019

    Lyn Janota

    William Kennedy And Associates

    (949) 278-4404

    2 in this area

    6 Total Sales

    Section Image

  • N

    Buyer's Agent in 2019

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    1 in this area

    5,777 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP19170834

California Regional Multiple Listing Service (CRMLS)

APN: 141-141-57

California Orange County Costa Mesa 92626 Northside Costa Mesa

3009 Coolidge Ave, Costa Mesa, CA

This home is located at 3009 Coolidge Ave, Costa Mesa, CA 92626 since 01 August 2019. This property was built in 1962. 3009 Coolidge Ave is a home located in Orange County with nearby schools including Paularino Elementary School, Costa Mesa High School, and St. John the Baptist Catholic School.

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.

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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