Ron Pickett
Coldwell Banker Realty
(949) 577-6199
66 Total Sales
1 in Northside Costa Mesa
$716,000 Price
3018 Fillmore Way Costa Mesa, CA 92626
Northside Costa Mesa Neighborhood
4
Beds
3
Baths
3,191
Sq Ft
6,098
Sq Ft Lot
Highlights
- No Units Above
- Private Yard
- Balcony
- Property is near public transit
- No HOA
- Cooling System Powered By Gas
About This Home
As of August 2019Great location in the South Coast Metro Area. Located 3/4 mile SW of South Coast Plaza, the highest volume retail mall in the U.S., with $1.5 billion in annual sales. Located 1/2 mile NE of Orange Coast College, less than one mile N of the OC Fairgrounds, and less than two miles W of 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 averaging 1,063 sf, each with dishwashers and patios and/or balconies. The building was constructed in 1963. Each unit has an individual garage space and there are 3 additional uncovered spaces. Parking is accessed through a rear alley.
There is extremely strong rental demand in the South Coast Metro Area and there is significant upside in the current lease rates. In fact, same-sized renovated 2 BR/1 BA and 2 BR/1.5 BA units on the same street are currently rented at rates as high as $1,575 and $1,815/month, respectively.
Current income specified below is actual. Current expenses are estimated. Projected Scheduled Gross Income and Net Operating Income with renovated units at market rental rates are $63,600 and $42,260, respectively. Projected Gross Rent Multiplier is 17.0.
The Seller owns the adjacent triplex property and will consider a single sale of the two properties together.
Last Agent to Sell the Property
Carl Reinhart, Broker License #00647355 Listed on: 06/29/2019
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 6,098 Sq Ft Lot
- No Units Above
- No Units Located Below
- Two or More Common Walls
- Rectangular Lot
- Level Lot
- Private Yard
- Lawn
- Back and Front Yard
- Density is 21-25 Units/Acre
Parking
- 3 Car Garage
- 3 Open Parking Spaces
- Parking Available
- Rear-Facing Garage
- Three Garage Doors
- Parking Lot
- Off-Street Parking
- Assigned Parking
Home Design
- Triplex
- Entry on the 1st floor
- Cosmetic Repairs Needed
- Slab Foundation
- Fire Rated Drywall
- Composition Roof
- Stucco
Interior Spaces
- 3,191 Sq Ft Home
- 2-Story Property
- Window Screens
- Living Room
- Fire and Smoke Detector
- Washer and Gas Dryer Hookup
Kitchen
- Gas Oven
- Gas Range
- Free-Standing Range
- Dishwasher
- Formica Countertops
- Disposal
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Outdoor Features
- Balcony
- Exterior Lighting
Location
- Property is near public transit
- Suburban Location
Utilities
- Cooling System Powered By Gas
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
- Wall Furnace
- Overhead Utilities
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 6
- Tax Tract Number 4281
- Assessor Parcel Number 14113416
Community Details
Overview
- No Home Owners Association
- 3 Units
Amenities
- Laundry Facilities
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $600
- Insurance Expense $2,000
- Maintenance Expense $2,400
- Other Expense $900
- Professional Management Expense $1,929
- Trash Expense $900
- Water Sewer Expense $900
- New Taxes Expense $11,339
- Operating Expense $20,968
- Gross Income $49,200
- Net Operating Income $27,248
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 29, 2019
Closed on
Aug 28, 2019
Sold by
Bought by
Seller's Agent
Carl Reinhart
Carl Reinhart, Broker
Buyer's Agent
Sammer Mudawar
THE brokeredge
List Price
$1,079,000
Sold Price
$1,045,000
Premium/Discount to List
-$34,000
-3.15%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$749,650
Interest Rate
3.8%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 29, 2019
Closed on
Aug 27, 2019
Sold by
Bought by
Seller's Agent
Carl Reinhart
Carl Reinhart, Broker
Buyer's Agent
Sammer Mudawar
THE brokeredge
List Price
$1,079,000
Sold Price
$1,045,000
Premium/Discount to List
-$34,000
-3.15%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$749,650
Interest Rate
3.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 14, 2007
Sold by
Bought by
Purchase Details
Closed on
Mar 5, 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
$100,000
Interest Rate
4.9%
Mortgage Type
Negative Amortization
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Northside Costa Mesa, CA
-
Ron Pickett
-
Darlene Stinson
Darlene Stinson
Responds QuicklyT.N.G. Real Estate Consultants
(949) 596-7658
51 Total Sales
4 in Northside Costa Mesa
$1.2M - $1.3M Price Range
-
Karla Stagman
Karla Stagman
Compass
(949) 732-1762
57 Total Sales
4 in Northside Costa Mesa
$450K - $1.1M Price Range
-
Will Sinon
Will Sinon
Kielty Realty
(949) 822-8454
39 Total Sales
3 in Northside Costa Mesa
$735K - $928K Price Range
-
Silvana Sarkis
Silvana Sarkis
Responds QuicklyAmerican Classic Realty
(657) 220-8075
40 Total Sales
1 in Northside Costa Mesa
$1,200,000 Price
-
Javier Robles
Javier Robles
RE/MAX New Dimension
(657) 239-3970
56 Total Sales
1 in Northside Costa Mesa
$565,000 Price
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 |
|---|---|---|---|
| -- | Ticor Title Ncs | ||
| -- | Ticor Title Company | ||
| $1,045,000 | Ticor Title Ncs | ||
| -- | None Available | ||
| -- | United Title Company |
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 |
|---|---|---|---|
| Open | $1,500,000 | ||
| Closed | $738,500 | ||
| Closed | $749,650 | ||
| Previous Owner | $100,000 |
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 |
|---|---|---|---|---|
| 08/29/2019 08/29/19 | Sold | $1,045,000 | -3.2% | $327 / Sq Ft |
| 07/23/2019 07/23/19 | Pending | -- | -- | -- |
| 06/29/2019 06/29/19 | For Sale | $1,079,000 | -- | $338 / 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 | $13,389 | $1,165,714 | $1,060,888 | $104,826 |
| 2025 | $13,126 | $1,142,857 | $1,040,086 | $102,771 |
| 2024 | $13,126 | $1,120,449 | $1,019,693 | $100,756 |
| 2023 | $12,765 | $1,098,480 | $999,699 | $98,781 |
| 2022 | $12,391 | $1,076,942 | $980,097 | $96,845 |
| 2021 | $12,020 | $1,055,826 | $960,879 | $94,947 |
| 2020 | $11,906 | $1,045,000 | $951,026 | $93,974 |
| 2019 | $2,141 | $117,732 | $43,933 | $73,799 |
| 2018 | $2,108 | $115,424 | $43,072 | $72,352 |
| 2017 | $2,076 | $113,161 | $42,227 | $70,934 |
| 2016 | $2,038 | $110,943 | $41,399 | $69,544 |
| 2015 | $2,012 | $109,277 | $40,777 | $68,500 |
| 2014 | $1,968 | $107,137 | $39,978 | $67,159 |
Source: Public Records
Agents Affiliated with this Home
-
Carl Reinhart
C
Seller's Agent in 2019
Carl Reinhart
Carl Reinhart, Broker
(714) 404-8020
10 Total Sales
-
Sammer Mudawar
Buyer's Agent in 2019
Sammer Mudawar
THE brokeredge
(714) 660-4008
2 in this area
41 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19154053
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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