NOT LISTED FOR SALE
6 Beds
5 Baths
3,430 Sq Ft
5,227 Sq Ft Lot

Last Sold December 10, 2021

Last sale price $1,225,000 $357 Per Sq Ft

2 Days on Market

Highlights

  • Laundry Room
  • Paularino Elementary School Rated A-
  • 3-minute walk to Paularino Park

About This Home

As of December 2021

Fantastic location at the end of a cul-de-sac in prime area of Costa Mesa! 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 / 55 freeways and beaches. The 3430 sq ft property consists of three 2 bedroom/ 1.5 bath 2 story townhouse style units each with its own patio, garage, extra parking space and interior laundry. The current rents are low so plenty of room for upside. Expenses are actual. Please drive by only, do not walk the property or contact any tenants. Interior inspection with accepted offer. The triplex located behind at 3038 Coolidge owned by same owner may be purchased with similar numbers and price.

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 1963

Lot Details

  • 5,227 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

  • 3,430 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 4281
  • Assessor Parcel Number 14113451
  • $903 per year additional tax assessments

Community Details

Overview

  • 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 $3,018
  • Trash Expense $1,250
  • Water Sewer Expense $2,250
  • New Taxes Expense $14,700
  • Operating Expense $26,118
  • Gross Income $60,360
  • Net Operating Income $34,242

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

3

Listing Details

  • Professional Management Expense: 3018.00
  • Property Attached: Yes
  • Subdivision Name Other: Costa Mesa Residential Income (CMRI)
  • Water Sewer Expenses: 2250.00
  • Zoning: R-3
  • Property Type: Residential Income
  • Gardener Expense: 500.00
  • Parcel Number: 14113451
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 357.14

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

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5227.00
  • Lot Size Acres: 0.1200

Multi Family

  • Gross Income: 60360.00
  • Gross Scheduled Income: 60360.00
  • Insurance Expense: 1900.00
  • Lot Size Area: 5227.0000 Square Feet
  • Maintenance Expense: 2500.00
  • Net Operating Income: 34242.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 26118.00
  • Rent Control: Yes
  • Total Expenses: 26118.00

Tax Info

  • New Taxes Expense: 14700.00
  • Tax Census Tract: 639.03
  • Tax Lot: 14
  • Tax Tract Number: 4281
  • TaxOtherAnnualAssessmentAmount: 903.00

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 List to Sale Price per Sq Ft
12/10/2021 12/10/21 Sold $1,225,000 0.0% $357 / Sq Ft
10/17/2021 10/17/21 For Sale $1,225,000 -- $357 / 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: NP21229265

California Regional Multiple Listing Service (CRMLS)