NOT LISTED FOR SALE
6 Beds
5 Baths
3,191 Sq Ft
5,998 Sq Ft Lot

Last Sold March 14, 2023

Last sale price $1,289,000 $404 Per Sq Ft

78 Days on Market

Highlights

  • Lawn
  • No HOA
  • Wood Fence
  • Paularino Elementary School Rated A-
  • Laundry Room
  • Wall Furnace

About This Home

As of March 2023

This is an amazing opportunity to own 3 units in a great location. The triplex is located 3/4 mile from South Coast Plaza, 2 miles from John Wayne airport, close to Orange Coast College and the 405, 73 and 55 freeways. Very spacious units consists of a front single story 2 bedroom and 1 bath unit and two townhouse style 2 story units in the rear with 2 bedrooms and 1.5 baths. There is a 3-car garage at the back of the property. All 3 units have their own patio area and indoor laundry space. Exterior has been newly painted. Almost never a vacancy, with long term tenants. There is plenty of room for upsizing the rents at this location. Please drive by only, do not walk the property or contact any tenants. Interior inspection with accepted offer. Selling "As Is".

Last Agent to Sell the Property

Lyn Janota

William Kennedy And Associates License #01944862 Listed on: 11/15/2022

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 5,998 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Lawn

Parking

  • 1 Open Parking Space
  • 3 Car Garage

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 3,191 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 38
  • Tax Tract Number 4281
  • Assessor Parcel Number 14114151

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Mesa North Subdivision

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $975
  • Insurance Expense $1,328
  • Professional Management Expense $4,626
  • Trash Expense $1,536
  • Water Sewer Expense $2,000
  • Operating Expense $10,514
  • Gross Income $66,084
  • Net Operating Income $55,570

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Price Per Unit: 458333
  • Professional Management Expense: 4626.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Mesa North (MENO)
  • Water Sewer Expenses: 2000.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 975.00
  • Parcel Number: 14114151
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 403.95

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Sewer Paid
  • Trash Expense: 1536.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 5998.00
  • Lot Size Acres: 0.1377

Rental Info

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

Multi Family

  • Gross Income: 66084.00
  • Gross Scheduled Income: 66084.00
  • Insurance Expense: 1328.00
  • Lot Size Area: 5998.0000 Square Feet
  • Net Operating Income: 55570.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Disposal: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Operating Expense: 10514.00
  • Rent Control: No
  • Total Expenses: 10514.00

Tax Info

  • Tax Area: 15005
  • Tax Lot: 38
  • Tax Tract Number: 4281
  • Tax Year: 2022

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
03/14/2023 03/14/23 Sold $1,289,000 -6.3% $404 / Sq Ft
02/01/2023 02/01/23 Pending -- -- --
12/09/2022 12/09/22 Price Changed $1,375,000 -3.5% $431 / Sq Ft
11/15/2022 11/15/22 For Sale $1,425,000 -- $447 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP22207481

California Regional Multiple Listing Service (CRMLS)

APN: 141-141-51