NOT LISTED FOR SALE

319 E 18th St Costa Mesa, CA 92627

Downtown Costa Mesa Neighborhood

Estimated Value: $1,392,000 - $2,422,000

2 Beds
1 Bath
3,424 Sq Ft
$551/Sq Ft Est. Value

Last Sold April 27, 2012

Last sale price $1,000,000 $292 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $11,196/month

28 Days on Market

Highlights

  • 0.4 Acre Lot
  • Traditional Architecture
  • No Heating
  • Mariners Elementary School Rated A

About This Home

As of April 2012

Great 4 Unit Rental) 1st Unit is a Single Story 2bedroom Home with 2 Car detached Garage. 3 Units are all Ground Floor 2bedroom Units with Single Car Garages. All have Own Laundry Hookup. Propety has Front and Rear Access. Prime Location to Shopping and Restaurants. Minutes from Beach.

Last Agent to Sell the Property

Joseph Alvarez

Joseph Alvarez, Broker License #01089591 Listed on: 02/22/2012

Last Buyer's Agent

Aaron Friedly

Tyler Hosseini, Broker License #01354634

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,951

Year Built

  • Built in 1960

Lot Details

  • 0.4

Parking

  • 12 Parking Spaces

Home Design

  • 3,424 Sq Ft Home
  • Traditional Architecture
  • Stucco

Additional Features

  • 0.4 Acre Lot
  • No Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 42501417

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Gross Income $3,450
  • Net Operating Income $34,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,951

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 3.13
  • View: No
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 42501417
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 292.06

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 12.00

Utilities

  • Heating: No
  • Laundry: No
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 17334.00
  • Lot Size Acres: 0.3980

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 3450.00
  • Gross Multiplier: 26.57
  • Gross Scheduled Income: 41400.00
  • Lot Size Area: 17334.0000 Square Feet
  • Net Operating Income: 34440.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 6960.00

Tax Info

  • Tax Lot: 00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2012
Closed on
Mar 22, 2012
Sold by
Fischer Harold A
Bought by
Pearson Eric and Pearson Sandy
Seller's Agent
Joseph Alvarez
Joseph Alvarez, Broker
Buyer's Agent
Aaron Friedly
Tyler Hosseini, Broker
List Price
$1,100,000
Sold Price
$1,000,000
Premium/Discount to List
-$100,000
-9.09%
Current Estimated Value
$1,884,977

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$884,977
Avg. Annual Appreciation
4.80%
Original Mortgage
$731,200
Outstanding Balance
$89,263
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$1,795,714
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pearson Eric -- Pacific Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pearson Eric $731,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2012 04/27/12 Sold $1,000,000 -9.1% $292 / Sq Ft
03/21/2012 03/21/12 Pending -- -- --
02/22/2012 02/22/12 For Sale $1,100,000 -- $321 / 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 $15,951 $1,256,051 $1,067,650 $188,401
2024 $15,951 $1,231,423 $1,046,716 $184,707
2023 $15,394 $1,207,278 $1,026,192 $181,086
2022 $14,916 $1,183,606 $1,006,070 $177,536
2021 $14,437 $1,160,399 $986,344 $174,055
2020 $14,242 $1,148,501 $976,230 $172,271
2019 $13,924 $1,125,982 $957,088 $168,894
2018 $13,640 $1,103,904 $938,321 $165,583
2017 $13,422 $1,082,259 $919,922 $162,337
2016 $13,149 $1,061,039 $901,885 $159,154
2015 $13,026 $1,045,102 $888,338 $156,764
2014 $12,744 $1,024,630 $870,936 $153,694
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Joseph Alvarez

    Joseph Alvarez, Broker

    (714) 602-1099

    1 Total Sale

    Joseph Alvarez
    Section Image

  • A

    Buyer's Agent in 2012

    Aaron Friedly

    Tyler Hosseini, Broker

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P814056

California Regional Multiple Listing Service (CRMLS)

APN: 425-014-17

California Orange County Costa Mesa 92627 Downtown Costa Mesa

319 E 18th St, Costa Mesa, CA

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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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