NOT LISTED FOR SALE
6 Beds
5 Baths
3,166 Sq Ft
6,098 Sq Ft Lot

Sale Details

Date Sold: January 11, 2022

Last sale price $1,350,000 $426 Per Sq Ft

6 Days on Market

About This Home

As of January 2022

Amazing opportunity to own 3 units in a prime location in Costa Mesa. Walking distance to shopping and restaurants, a short walk to Paularino Elementary School, less than a mile to South Coast Plaza, 2 Miles to John Wayne Airport and minutes to Orange Coast College. This great location is close to three freeways, the 405, the 55, the 73-toll road and a short car ride to the beach. This spacious 3,166 square ft property consists of a front single story 2 bedroom and 1 bath unit and two townhouse style 2 story units with 2 bedrooms and 1.5 baths. There is a 3-car garage at the back of the property and there is additional parking for each unit. All 3 units have their own patio area and indoor laundry space. There is plenty of room for upsizing the rents at this location. This property is fully occupied so please drive by only, do not walk the property or contact any of the tenants. The interior can be inspected with an accepted offer. This property is well priced and is being sold as is.

Last Agent to Sell the Property

Mike Monaghan

Lombardi Realty License #01379777 Listed on: 12/21/2021

Last Buyer's Agent

Louis DiGonzini

eXp Realty of Southern Ca, Inc License #01502775

eXp Realty of Southern Ca, Inc
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 6,098 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,166 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry in Kitchen
  • Washer and Gas Dryer Hookup

Additional Features

  • Suburban Location
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 31
  • Tax Tract Number 4281
  • Assessor Parcel Number 14114303
  • $1,625 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Costa Mesa Residential Income Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,150
  • Maintenance Expense $3,304
  • Professional Management Expense $1,150
  • Water Sewer Expense $1,367
  • New Taxes Expense $15,000
  • Operating Expense $21,971
  • Gross Income $52,200
  • Net Operating Income $30,229

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

6,098 Sq Ft Lot

Parking

3

Listing Details

  • Assessments: No
  • Professional Management Expense: 1150.00
  • Property Attached: Yes
  • Subdivision Name Other: Costa Mesa Residential Income (CMRI)
  • Water Sewer Expenses: 1367.00
  • Property Type: Residential Income
  • Parcel Number: 14114303
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 426.41

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, In Kitchen, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

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, Telephone

Multi Family

  • Gross Income: 52200.00
  • Gross Scheduled Income: 52200.00
  • Insurance Expense: 1150.00
  • Lot Size Area: 6098.0000 Square Feet
  • Maintenance Expense: 3304.00
  • Maintenance Percent: 1250.00
  • Net Operating Income: 30229.00
  • 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: 21971.00
  • Rent Control: No
  • Total Expenses: 21971.00

Tax Info

  • New Taxes Expense: 15000.00
  • Tax Census Tract: 639.03
  • Tax Lot: 31
  • Tax Tract Number: 4281
  • TaxOtherAnnualAssessmentAmount: 1625.00

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

Listed on
Dec 21, 2021
Closed on
Feb 25, 2022
Sold by
Bought by
Seller's Agent
Mike Monaghan
Lombardi Realty
Buyer's Agent
Louis DiGonzini
eXp Realty of Southern Ca, Inc
List Price
$1,250,000
Sold Price
$1,350,000
Premium/Discount to List
$100,000
8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 21, 2021
Closed on
Feb 23, 2022
Sold by
Bought by
Seller's Agent
Mike Monaghan
Lombardi Realty
Buyer's Agent
Louis DiGonzini
eXp Realty of Southern Ca, Inc
List Price
$1,250,000
Sold Price
$1,350,000
Premium/Discount to List
$100,000
8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 21, 2021
Closed on
Dec 28, 2021
Sold by
Bought by
Seller's Agent
Mike Monaghan
Lombardi Realty
Buyer's Agent
Louis DiGonzini
eXp Realty of Southern Ca, Inc
List Price
$1,250,000
Sold Price
$1,350,000
Premium/Discount to List
$100,000
8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 2, 2018
Sold by
Bought by

Purchase Details

Closed on
Jan 9, 2018
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
$290,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 2004
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
$49,100
Interest Rate
5.77%
Mortgage Type
Unknown

Purchase Details

Closed on
May 4, 2004
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
$49,100
Interest Rate
5.77%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 9, 2004
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
$49,100
Interest Rate
5.77%
Mortgage Type
Unknown
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
-- None Listed On Document
-- Chicago Title
-- None Listed On Document
-- Chicago Title
$1,350,000 Chicago Title Company
-- None Available
-- Ticor Title
-- --
-- Fidelity National Title
-- Chicago Title
-- North American 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
Previous Owner $850,000
Previous Owner $850,000
Previous Owner $338,000
Previous Owner $290,000
Previous Owner $49,100
Previous Owner $269,075
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
01/11/2022 01/11/22 Sold $1,350,000 +8.0% $426 / Sq Ft
12/27/2021 12/27/21 Pending -- -- --
12/21/2021 12/21/21 For Sale $1,250,000 -- $395 / 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 $17,501 $1,461,282 $1,337,336 $123,946
2025 $17,102 $1,432,630 $1,311,114 $121,516
2024 $17,102 $1,404,540 $1,285,406 $119,134
2023 $16,552 $1,377,000 $1,260,201 $116,799
2022 $7,632 $546,698 $429,830 $116,868
2021 $7,323 $535,979 $421,402 $114,577
2020 $7,210 $530,484 $417,081 $113,403
2019 $7,046 $520,083 $408,903 $111,180
2018 $6,901 $509,886 $400,886 $109,000
2017 $6,796 $499,889 $393,026 $106,863
2016 $6,129 $490,088 $385,320 $104,768
2015 $6,065 $482,727 $379,532 $103,195
2014 $5,925 $473,272 $372,098 $101,174
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21267567

California Regional Multiple Listing Service (CRMLS)

APN: 141-143-03

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