NOT LISTED FOR SALE

3038 Coolidge Ave Costa Mesa, CA 92626

Northside Costa Mesa Neighborhood
6 Beds
6 Baths
3,166 Sq Ft
6,098 Sq Ft Lot

Last Sold December 09, 2021

Last sale price $1,250,000 $395 Per Sq Ft

2 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 4-minute walk to Paularino Park
  • Paularino Elementary School Rated A-

About This Home

As of December 2021

Amazing opportunity to own 3 units in an absolute prime location of Costa Mesa! Just 100 yards from Paularino elementary school, 3/4 mile from South Coast Plaza, 2 miles from John Wayne airport and close to Orange Coast College, the 405 / 73 / and 55 freeways as well as the beach. The spacious 3166 sq ft property consists of a front single story 2 bedroom/ 1 bath unit and two - 2 bedroom / 1.5 bath two story townhouse style units each with its own patio, garag, extra parking space and each unit has its own interior laundry. The current rents are $2,275, $1,925 and $1,800 for a total gross income of $72,000 annual with room for upside in rents. Expenses are actual. Property is fully occupied so please drive by only, do not walk the property or contact any tenants. Interior inspection with accepted offer. There is another similar triplex at 3041 Fillmore owned by same owner so possible 6 units. Well priced but warrants some improvement!

Last Agent to Sell the Property

David Sanford

David Sanford, Broker License #00826382 Listed on: 10/17/2021

Co-Listed By

Gaston Sanford

David Sanford, Broker License #02023145

Last Buyer's Agent

Sammer Mudawar

The Brokeredge License #01723613

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
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 32
  • Tax Tract Number 4281
  • Assessor Parcel Number 14114302
  • $903 per year additional tax assessments

Community Details

Overview

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

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Gardener Expense $500
  • Insurance Expense $1,900
  • Maintenance Expense $2,500
  • Professional Management Expense $3,600
  • Trash Expense $1,250
  • Water Sewer Expense $1,417
  • New Taxes Expense $15,000
  • Operating Expense $26,167
  • Gross Income $72,000
  • Net Operating Income $43,673

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Professional Management Expense: 3600.00
  • Property Attached: Yes
  • Subdivision Name Other: Costa Mesa Residential Income (CMRI)
  • Water Sewer Expenses: 1417.00
  • Property Type: Residential Income
  • Gardener Expense: 500.00
  • Parcel Number: 14114302
  • 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: 394.82

Exterior Features

  • Pool Private: No

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1250.00
  • Water Source: Public

Condo/Co-op/Association

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

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: Electricity, Gas

Multi Family

  • Gross Income: 72000.00
  • Gross Scheduled Income: 72000.00
  • Insurance Expense: 1900.00
  • Lot Size Area: 6098.0000 Square Feet
  • Maintenance Expense: 2500.00
  • Net Operating Income: 43673.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 26167.00
  • Rent Control: Yes
  • Total Expenses: 26167.00

Tax Info

  • New Taxes Expense: 15000.00
  • Tax Census Tract: 639.03
  • Tax Lot: 32
  • Tax Tract Number: 4281
  • TaxOtherAnnualAssessmentAmount: 903.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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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 List to Sale Price per Sq Ft
12/09/2021 12/09/21 Sold $1,250,000 0.0% $395 / Sq Ft
10/17/2021 10/17/21 For Sale $1,250,000 -- $395 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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
2025 $4,767 $332,547 $192,716 $139,831
2024 $4,767 $326,027 $188,937 $137,090
2023 $4,600 $319,635 $185,233 $134,402
2022 $4,360 $313,368 $181,601 $131,767
2021 $4,144 $307,224 $178,040 $129,184
2020 $4,105 $304,074 $176,214 $127,860
2019 $4,037 $298,112 $172,759 $125,353
2018 $3,966 $292,267 $169,371 $122,896
2017 $4,016 $286,537 $166,050 $120,487
2016 $3,934 $280,919 $162,794 $118,125
2015 $3,890 $276,700 $160,349 $116,351
2014 $3,801 $271,280 $157,208 $114,072
Source: Public Records

Agents Affiliated with this Home

  • David Sanford

    Seller's Agent in 2021

    David Sanford

    David Sanford, Broker

    (949) 720-1133

    4 in this area

    31 Total Sales

    David Sanford
    Section Image
  • Gaston Sanford

    Seller Co-Listing Agent in 2021

    Gaston Sanford

    David Sanford, Broker

    (949) 720-1133

    4 in this area

    25 Total Sales

    Gaston Sanford
    Section Image
  • Sammer Mudawar

    Buyer's Agent in 2021

    Sammer Mudawar

    The Brokeredge

    (714) 660-4008

    2 in this area

    49 Total Sales

    Sammer Mudawar
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP21229076

California Regional Multiple Listing Service (CRMLS)

APN: 141-143-02

California Orange County Costa Mesa 92626 Northside Costa Mesa

3038 Coolidge Ave, Costa Mesa, CA

Not Listed for Sale

MultiFamily

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