NOT LISTED FOR SALE

3099 Cassia Ave Costa Mesa, CA 92626

Mesa Verde Neighborhood
9 Beds
8 Baths
4,966 Sq Ft
8,468 Sq Ft Lot

Last Sold December 07, 2012

Last sale price $1,120,000 $226 Per Sq Ft

57 Days on Market

Highlights

  • Traditional Architecture
  • Granite Countertops
  • Forced Air Heating System
  • California Elementary School Rated A
  • Tile Flooring
  • 1-minute walk to Smallwood Park

About This Home

As of December 2012

Capitalize on these historical rates to make this turnkey fourplex your cash cow! This property features a large 3-bedroom rental or owner's unit, with three two bedroom two bath apartments. Two units recently remodeled with granite countertops and updated kitchens. Long-term tenants with as long as 15 years in the unit. Rent upside potential and low, manageable expenses. Properties in this area don't come up often for a reason, so don't miss it!

Last Agent to Sell the Property

Sean Ryan

Coast Realty Solutions, Inc. License #01415690 Listed on: 10/03/2012

Last Buyer's Agent

Bill Webster

SVN / Vanguard License #00885653

SVN / Vanguard

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969 | Remodeled

Lot Details

  • 8,468 Sq Ft Lot
  • Lot Dimensions are 73x116

Parking

  • 5 Car Garage

Home Design

  • 4,966 Sq Ft Home
  • Traditional Architecture
  • Shingle Roof
  • Wood Siding
  • Stucco

Kitchen

  • Gas Oven or Range
  • Range
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Tax Lot 19
  • Tax Tract Number 6260
  • Assessor Parcel Number 13956206

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Gardener Expense $840
  • Insurance Expense $1,300
  • Maintenance Expense $3,600
  • Trash Expense $1,080
  • Water Sewer Expense $1,320
  • New Taxes Expense $11,500
  • Gross Income $6,555
  • Net Operating Income $58,174

Property Details

Home Type

Multi-Family

Year Built

Built in 1969 | Remodeled

Lot Details

0

Parking

5

Listing Details

  • Assessments: No
  • CapRate: 5.06
  • View: No
  • Water Sewer Expenses: 1320.00
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 13956206
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Flooring: Carpet, Tile
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 225.53

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: No
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Dishwasher, Free Standing, Gas Cooking, Range
  • Heating Type: Forced Air
  • Trash Expense: 1080.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size: 73x116
  • Lot Size Sq Ft: 8468.00
  • Lot Size Acres: 0.1940

Rental Info

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

Multi Family

  • Average2 Bed Area: 1100
  • Average3 Bed Area: 1350
  • Electric Expense: 360.00
  • Gross Income: 6555.00
  • Gross Multiplier: 14.62
  • Gross Scheduled Income: 78660.00
  • Insurance Expense: 1300.00
  • Maintenance Expense: 3600.00
  • Net Operating Income: 58174.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 2
  • Operating Expense: 7900.00
  • Operating Expense Percent: 10.00

Tax Info

  • New Taxes Expense: 11500.00
  • Tax Area: 15045
  • Tax Lot: 19
  • Tax Tract Number: 6260

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
12/07/2012 12/07/12 Sold $1,120,000 -2.6% $226 / Sq Ft
11/29/2012 11/29/12 Pending -- -- --
10/03/2012 10/03/12 For Sale $1,150,000 -- $232 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sean Ryan

    Seller's Agent in 2012

    Sean Ryan

    Coast Realty Solutions, Inc.

    (800) 585-4013

    50 Total Sales

    Section Image
  • Bill Webster

    Buyer's Agent in 2012

    Bill Webster

    SVN / Vanguard

    (714) 865-9116

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P837180

California Regional Multiple Listing Service (CRMLS)

APN: 139-562-06

California Orange County Costa Mesa 92626 Mesa Verde

3099 Cassia Ave, Costa Mesa, CA

This home is located at 3099 Cassia Ave, Costa Mesa, CA 92626 since 03 October 2012. This property was built in 1969. 3099 Cassia Ave is a home located in Orange County with nearby schools including California Elementary School, Charles W. Tewinkle Middle School, and Estancia High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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