NOT LISTED FOR SALE
5 Beds
4 Baths
2,634 Sq Ft
6,970 Sq Ft Lot

Sale Details

Date Sold: November 21, 2024

Last sale price $1,320,000 $501 Per Sq Ft

9 Days on Market

Highlights

  • Golf Course Community
  • Property is near park
  • Lawn
  • California Elementary School Rated A
  • Corner Lot
  • 1-minute walk to Smallwood Park

About This Home

As of November 2024

Welcome to this exceptional duplex located on the corner of 3094 Coral Ave in the highly sought after Mesa Verde neighborhood of Costa Mesa. First time on the market, this multi-family property offers a unique investment opportunity with its prime location directly across from Smallwood park, one of the most family friendly parks in all of Costa Mesa and potential for high returns. This duplex has a total of 2,634 square feet, with a layout that includes a large 3 bedroom, 2 bathroom front unit with park views, attached two car garage, AC and a spacious 2 bedroom, 1.5 bathroom back unit. As you enter the front unit, you'll notice the expansive living area with a fireplace to cozy up too, a nice sized kitchen, and a large master bedroom and bath. The back unit also includes an attached two-car garage and features laminate flooring throughout, offering a modern and clean aesthetic. Both units are equipped with air conditioning, ensuring comfort during warm Southern California days. Both units have a private patio area, perfect for outdoor relaxation and entertainment. The exterior of the property is equally impressive, featuring well-manicured landscaping that enhances its curb appeal. The corner lot provides plenty of outdoor space, perfect for tenants who enjoy spending time outside. The lush greenery and mature trees add to the serene ambiance, making it a desirable place to live. Located in the heart of Mesa Verde, this property benefits from its proximity to a variety of neighborhood amenities. Residents will enjoy easy access to an array of dining options, shopping centers, and recreational facilities. The Mesa Verde neighborhood is known for its friendly community atmosphere, community events making this a great place to call home. Nearby points of interest include the Mesa Verde Country Club, offering premier golf and social experiences, and the South Coast Plaza, a world-class shopping destination. The property is also conveniently located near major freeways, making commuting to other parts of Orange County a breeze. Whether you’re an investor looking for a solid rental property or a family seeking a new home, 3094 Coral Ave presents a unique opportunity to own a piece of Mesa Verde’s prime real estate.

Last Agent to Sell the Property

Jim Daly

The L3 Brokerage Phone: 714-292-7869 License #02089079 Listed on: 10/02/2024

Last Buyer's Agent

Jim Daly

The L3 Brokerage Phone: 714-292-7869 License #02089079 Listed on: 10/02/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 6,970 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot
  • Sprinkler System
  • Lawn
  • Density is up to 1 Unit/Acre

Parking

  • 2 Open Parking Spaces
  • 4 Car Garage
  • Parking Available
  • Two Garage Doors

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 2,634 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Washer and Gas Dryer Hookup

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Additional Features

  • Property is near park
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 1
  • Tax Tract Number 6261
  • Assessor Parcel Number 13956204

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Mesa Verde Residential Income Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community
  • Park
  • Dog Park
  • Water Sports
  • Hiking Trails
  • Bike Trail

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $840
  • Insurance Expense $2,000
  • Professional Management Expense $2,580
  • Water Sewer Expense $1,200
  • Operating Expense $6,620
  • Gross Income $52,152
  • Net Operating Income $45,532

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

6,970 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 2.50
  • Professional Management Expense: 2580.00
  • Property Attached: Yes
  • Subdivision Name Other: Mesa Verde Residential Income (MVRI)
  • Water Sewer Expenses: 1200.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 13956204
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 501.14

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage - Two Door
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Golf, Hiking, Gutters, Park, Watersports, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Lawn, Park Nearby, Sprinkler System
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 52152.00
  • Gross Scheduled Income: 52152.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 6970.0000 Square Feet
  • Net Operating Income: 45532.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Carpet: 1
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Operating Expense: 6620.00
  • Rent Control: Yes
  • Total Expenses: 6620.00

Tax Info

  • Tax Census Tract: 638.06
  • Tax Lot: 1
  • Tax Tract Number: 6261

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
Oct 2, 2024
Closed on
Oct 22, 2024
Sold by
Bought by
Seller's Agent
Jim Daly
The L3
Buyer's Agent
Jim Daly
The L3
List Price
$1,349,999
Sold Price
$1,320,000
Premium/Discount to List
-$29,999
-2.22%
Views
40

Purchase Details

Closed on
Dec 8, 2005
Sold by
Bought by

Purchase Details

Closed on
Nov 24, 1997
Sold by
Bought by

Purchase Details

Closed on
Oct 15, 1997
Sold by
Bought by

Purchase Details

Closed on
Sep 6, 1996
Sold by
Bought by

Purchase Details

Closed on
Aug 2, 1996
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$1,320,000 First American Title
-- --
-- --
-- United Title Company
-- --
-- Chicago Title Co
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 $169,000
Previous Owner $71,500
Previous Owner $131,300
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
11/21/2024 11/21/24 Sold $1,320,000 -2.2% $501 / Sq Ft
10/30/2024 10/30/24 For Sale $1,349,999 +2.3% $513 / Sq Ft
10/15/2024 10/15/24 Off Market $1,320,000 -- --
10/15/2024 10/15/24 For Sale $1,349,999 +2.3% $513 / Sq Ft
10/14/2024 10/14/24 Off Market $1,320,000 -- --
10/12/2024 10/12/24 Pending -- -- --
10/02/2024 10/02/24 For Sale $1,349,999 -- $513 / 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
2025 $2,841 $1,320,000 $1,175,290 $144,710
2024 $2,841 $122,277 $31,254 $91,023
2023 $2,673 $119,880 $30,641 $89,239
2022 $2,497 $117,530 $30,040 $87,490
2021 $2,341 $115,226 $29,451 $85,775
2020 $2,290 $114,045 $29,149 $84,896
2019 $2,233 $111,809 $28,577 $83,232
2018 $2,186 $109,617 $28,017 $81,600
2017 $2,159 $107,468 $27,468 $80,000
2016 $2,126 $105,361 $26,929 $78,432
2015 $2,106 $103,779 $26,525 $77,254
2014 $2,068 $101,747 $26,006 $75,741
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24204033

California Regional Multiple Listing Service (CRMLS)

APN: 139-562-04

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