NOT LISTED FOR SALE

327 Cabrillo St Costa Mesa, CA 92627

Downtown Costa Mesa Neighborhood
9 Beds
5 Baths
4,055 Sq Ft
7,405 Sq Ft Lot

Last Sold August 15, 2013

Last sale price $1,530,000 $377 Per Sq Ft

5 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Parking Storage or Cabinetry
  • Mariners Elementary School Rated A
  • Laundry Room
  • Shed

About This Home

As of August 2013

Well-maintained four-plex centrally located in the heart of Eastside Costa Mesa. Walkscore of 86 (Very Walkable) with a Ralph's supermarket only 500 feet away along with many other popular stores and restaurants nearby within walking distance. The beach and backbay are a short bike ride away. This type of pride of ownership property rarely comes on the market, in this case, the long-time owner is retiring. There are three 2 bedroom, 1 bath units and one 3 bedroom, 1.75 bath unit. All units have been updated with new open floor plans with open kitchen, breakfast bar, newer cabinets, countertops, appliances and fixtures in the kitchens, newer flooring throughout and new cabinets and fixtures in the bathrooms. All apartments have spacious kitchens with dishwasher, gas oven/stove and built-in microwave. Bedrooms have mirrored closet doors, ceiling fans and two units have fireplaces in the living room. All units have sliding glass doors leading to an enclosed fenced patio with both a concrete portion and planting beds. There is a laundry room on site. All windows were replaced with double hung windows as part of an update. All units have private detached garage with shelving and one additional parking space, and there are three additional parking spaces.

Last Agent to Sell the Property

Daniel Arrowood

Arrowood, Daniel F. License #01080511 Listed on: 07/27/2013

Last Buyer's Agent

Jay Barcini

Zutila, Inc License #01019308

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959 | Remodeled

Lot Details

  • 7,405 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Northwest Facing Home
  • Redwood Fence

Parking

  • 4 Car Garage
  • Parking Storage or Cabinetry
  • Parking Available
  • Single Garage Door
  • Guest Parking
  • Parking Lot
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Property Attached
  • Slab Foundation
  • Frame Construction
  • Tar and Gravel Roof
  • Stucco

Interior Spaces

  • 4,055 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Casement Windows
  • Living Room with Fireplace
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Eco-Friendly Details

  • ENERGY STAR Qualified Appliances
  • Water-Smart Landscaping

Outdoor Features

  • Exterior Lighting
  • Shed

Location

  • Urban Location

Utilities

  • Wall Furnace
  • 220 Volts
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 15
  • Tax Tract Number 1193
  • Assessor Parcel Number 42501206

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,225
  • Trash Expense $2,718
  • Water Sewer Expense $1,071
  • New Taxes Expense $14,500
  • Gross Income $6,900
  • Net Operating Income $67,301

Property Details

Home Type

Multi-Family

Year Built

Built in 1959 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Eastside South (ESCM)
  • Water Sewer Expenses: 1071.00
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 42501206
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Unfurnished
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 377.31
  • Window Features: Casement Windows

Exterior Features

  • Direction Faces: Northwest
  • Foundation: Slab
  • Other Structures: Shed(s)
  • Exterior Features: Lighting
  • Fencing: Redwood
  • Pool Private: No
  • Roof: Tar/Gravel
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Guest, Off Street, Parking Space, Garage - Single Door, Built-In Storage
  • Total Parking Spaces: 11.00

Utilities

  • Utilities: Cable Available, Natural Gas Available, Sewer Connected, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, ENERGY STAR Qualified Appliances, Disposal, Gas Oven, Gas Cooktop, Gas Water Heater, Microwave
  • Electric: 220 Volts, Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Trash Expense: 2718.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Green Features

  • Green Water Conservation: Water-Smart Landscaping
  • Efficiency: Appliances

Lot Info

  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 925
  • Average3 Bed Area: 1280
  • Gross Income: 6900.00
  • Gross Scheduled Income: 83500.00
  • Insurance Expense: 1225.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 67301.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 1
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 1
  • Operating Expense: 16199.00
  • Rent Control: No
  • Total Actual Rent: 82800.00

Tax Info

  • New Taxes Expense: 14500.00
  • Tax Lot: 15
  • Tax Tract Number: 1193
  • Tax Year: 2012

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 List to Sale Price per Sq Ft
08/15/2013 08/15/13 Sold $1,530,000 +5.5% $377 / Sq Ft
07/31/2013 07/31/13 Pending -- -- --
07/26/2013 07/26/13 For Sale $1,450,000 -- $358 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2013

    Daniel Arrowood

    Arrowood, Daniel F.

  • J

    Buyer's Agent in 2013

    Jay Barcini

    Zutila, Inc

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13148036

California Regional Multiple Listing Service (CRMLS)

APN: 425-012-06

California Orange County Costa Mesa 92627 Downtown Costa Mesa

327 Cabrillo St, Costa Mesa, CA

This home is located at 327 Cabrillo St, Costa Mesa, CA 92627 since 27 July 2013. This property was built in 1959. 327 Cabrillo St is a home located in Orange County with nearby schools including Mariners Elementary School, Horace Ensign Intermediate School, and Newport Harbor 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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