NOT LISTED FOR SALE

319 University Dr Costa Mesa, CA 92627

Eastside Costa Mesa Neighborhood
5 Beds
4 Baths
2,320 Sq Ft
9,148 Sq Ft Lot

Last Sold March 21, 2017

Last sale price $1,100,000 $474 Per Sq Ft

61 Days on Market

Highlights

  • Horse Trails
  • Heinz Kaiser Elementary School Rated A
  • Property is near a preserve or public land

About This Home

As of March 2017

EXCELLENT DEVELOPMENT OPPORTUNITY - Eastside Costa Mesa – COUNTY LAND – Zoned R4. Property consists of 4 units with potential development to build 3 individual homes (County allows 1 unit for every 3,000 square feet of land). Buyer to verify zoning & potential use with County of Orange themselves. Large lot with two separate single story buildings, the front house has a large fenced front yard, rear patio and detached single car garage, the rear building consists of three units also with private yards/patios and two single cars garages.
The property is located on University Dr between Irvine & Santa Ana Ave, walking distance to Upper Newport Back Bay Trail Loop, a premier recreation area consisting of over 10 miles of nature trails, great location easy access to airport, shopping and restaurants.

Last Agent to Sell the Property

Stephen Doughty

Coldwell Banker Platinum Prop License #01502374 Listed on: 10/23/2016

Coldwell Banker Platinum Prop

Co-Listed By

James Mann

Coldwell Banker Platinum Prop. License #00546945

Last Buyer's Agent

Stephen Doughty

Coldwell Banker Platinum Prop License #01502374 Listed on: 10/23/2016

Coldwell Banker Platinum Prop

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 9,148 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • 2,320 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 73
  • Tax Tract Number 376
  • Assessor Parcel Number 43909113

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Property is near a preserve or public land

Recreation

  • Horse Trails

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Electric Expense $199
  • Gardener Expense $1,300
  • Insurance Expense $1,531
  • Trash Expense $864
  • Water Sewer Expense $399
  • New Taxes Expense $13,000
  • Operating Expense $17,293
  • Gross Income $64,200
  • Net Operating Income $46,907

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

3

Listing Details

  • CapRate: 3.60
  • Property Attached: Yes
  • Water Sewer Expenses: 399.00
  • Property Type: Residential Income
  • Gardener Expense: 1300.00
  • Parcel Number: 43909113
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 474.14

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 864.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Horse Trails, Preserve/Public Land

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 9148.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 199.00
  • Gross Income: 64200.00
  • Gross Multiplier: 20.00
  • Gross Scheduled Income: 64200.00
  • Insurance Expense: 1531.00
  • Net Operating Income: 46907.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 4
  • Operating Expense: 17293.00
  • Rent Control: No
  • Total Expenses: 17293.00

Tax Info

  • New Taxes Expense: 13000.00
  • Tax Census Tract: 631.02
  • Tax Lot: 73
  • Tax Tract Number: 376

Range of Values:

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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
03/21/2017 03/21/17 Sold $1,100,000 -8.3% $474 / Sq Ft
11/12/2016 11/12/16 Price Changed $1,199,000 -7.7% $517 / Sq Ft
10/23/2016 10/23/16 For Sale $1,299,000 -- $560 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Stephen Doughty

    Seller's Agent in 2017

    Stephen Doughty

    Coldwell Banker Platinum Prop

    (949) 552-0505

    12 Total Sales

    Stephen Doughty
    Section Image

  • J

    Seller Co-Listing Agent in 2017

    James Mann

    Coldwell Banker Platinum Prop.

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16731910

California Regional Multiple Listing Service (CRMLS)
California Orange County Costa Mesa 92627 Eastside Costa Mesa

319 University Dr, 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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