NOT LISTED FOR SALE
9 Beds
8 Baths
4,613 Sq Ft
8,080 Sq Ft Lot

Sale Details

Date Sold: February 11, 2013

Last sale price $1,119,000 $243 Per Sq Ft

17 Days on Market

Highlights

  • Contemporary Architecture
  • Wood Siding
  • No Heating

About This Home

As of February 2013

Excellent, hard to find and very desirable 'Spice Street 4-Plex' located near Mesa Verde area of Costa Mesa. This one is in very good condition with the 'C' unit completely rehabed with new bathrooms including new full tub and enclosures...entire unit is in beautiful condition. 3 bedroom unit rented out 1 year ago and at that time was put in excellent condition. Unit 'C' is currently for rent for $1,500 per mo. Roll up garage doors will be repainted in the next few weeks. Priced below recent sales 3 comps that all sold within approx 1 week. So, hurry on this one as it won't last long. Priced below comps to sell: 3107 Mace just closed on 12/19/12 at $1,140,000 with less than 70,000 income. Also, one on Coriander, list price of $1150,000 is in back up offers and sold in about 7 days. Another on Mace, asking price of $1,150,000 is also pending and due to close escrow shortly.

Last Agent to Sell the Property

Bob Walz

New Dimension Investment Prop License #00640512 Listed on: 12/19/2012

Last Buyer's Agent

Eric Reichert

OCProperties License #00967215

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 8,080 Sq Ft Lot
  • Lot Dimensions are 80x101

Parking

  • 6 Parking Spaces

Home Design

  • Contemporary Architecture
  • Block Foundation
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 4,613 Sq Ft Home
  • Fireplace Features Masonry

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Utilities

  • No Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 2
  • Tax Tract Number 6259
  • Assessor Parcel Number 13950303

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Gardener Expense $1,020
  • Insurance Expense $1,800
  • Pest Control $100
  • Trash Expense $1,800
  • Water Sewer Expense $1,662
  • New Taxes Expense $12,841
  • Gross Income $6,395
  • Net Operating Income $51,953

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

8,080 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 4.64
  • View: No
  • Water Sewer Expenses: 1662.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 1020.00
  • Parcel Number: 13950303
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Fireplace Features: Masonry
  • Levels: Two
  • Price Per Square Foot: 242.58

Exterior Features

  • Foundation: Block, Slab
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: No
  • Laundry: No
  • Appliances: Built-In
  • Pest Control Expense: 100.00
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Size: 80x101
  • Lot Size Sq Ft: 8080.00
  • Lot Size Acres: 0.1850

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 6395.00
  • Gross Multiplier: 14.58
  • Gross Scheduled Income: 76740.00
  • Insurance Expense: 1800.00
  • Net Operating Income: 51953.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Operating Expense: 23252.00

Tax Info

  • New Taxes Expense: 12841.00
  • Tax Lot: 2
  • Tax Rate: 1.05
  • Tax Tract Number: 6259

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 19, 2012
Closed on
Feb 7, 2013
Sold by
Bought by
Seller's Agent
Bob Walz
New Dimension Investment Prop
Buyer's Agent
Eric Reichert
OCProperties
List Price
$1,119,000
Sold Price
$1,119,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$635,000
Outstanding Balance
$427,054
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 19, 2012
Closed on
Jan 24, 2013
Sold by
Bought by
Seller's Agent
Bob Walz
New Dimension Investment Prop
Buyer's Agent
Eric Reichert
OCProperties
List Price
$1,119,000
Sold Price
$1,119,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$635,000
Outstanding Balance
$427,054
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2010
Sold by
Bought by

Purchase Details

Closed on
Nov 5, 2009
Sold by
Bought by

Purchase Details

Closed on
Apr 18, 2006
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
$605,000
Interest Rate
6.35%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 6, 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
$639,900
Interest Rate
4.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 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
$639,900
Interest Rate
4.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 3, 2003
Sold by
Bought by

Purchase Details

Closed on
Jul 17, 2003
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
$637,500
Interest Rate
4.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 4, 1999
Sold by
Bought by

Purchase Details

Closed on
Sep 10, 1998
Sold by
Bought by

Purchase Details

Closed on
Sep 9, 1998
Sold by
Bought by
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
-- Accommodation
$1,119,000 Lawyers Title
-- None Available
-- None Available
-- None Available
-- None Available
-- None Available
-- Accommodation
-- California Counties Title Co
-- California Counties Title Co
-- --
$850,000 Chicago Title Co
$440,000 First American Title Ins 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
Open $635,000
Previous Owner $592,000
Previous Owner $605,000
Previous Owner $639,900
Previous Owner $637,500
Previous Owner $199,624
Previous Owner $200,000
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
02/11/2013 02/11/13 Sold $1,119,000 0.0% $243 / Sq Ft
01/05/2013 01/05/13 Pending -- -- --
12/19/2012 12/19/12 For Sale $1,119,000 -- $243 / 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 $16,216 $1,405,522 $1,236,811 $168,711
2025 $15,906 $1,377,963 $1,212,560 $165,403
2024 $15,906 $1,350,945 $1,188,785 $162,160
2023 $15,478 $1,324,456 $1,165,475 $158,981
2022 $15,045 $1,298,487 $1,142,623 $155,864
2021 $14,604 $1,273,027 $1,120,219 $152,808
2020 $14,464 $1,259,974 $1,108,732 $151,242
2019 $14,185 $1,235,269 $1,086,992 $148,277
2018 $13,913 $1,211,049 $1,065,679 $145,370
2017 $13,675 $1,187,303 $1,044,783 $142,520
2016 $13,376 $1,164,023 $1,024,297 $139,726
2015 $13,243 $1,146,539 $1,008,911 $137,628
2014 $12,881 $1,119,000 $984,676 $134,324
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S720941

California Regional Multiple Listing Service (CRMLS)

APN: 139-503-03

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