NOT LISTED FOR SALE
4 Beds
4 Baths
3,862 Sq Ft
7,233 Sq Ft Lot

Last Sold July 17, 2020

Last sale price $1,900,000 $492 Per Sq Ft

4 Days on Market

Highlights

  • Spanish Architecture
  • No HOA
  • Parking Storage or Cabinetry
  • Mariners Elementary School Rated A
  • Laundry Room
  • Forced Air Heating System

About This Home

As of July 2020

Rarely available custom-designed four-unit property constructed in 1987 in the coveted Eastside Costa Mesa submarket. The property is directly adjacent to the 17th Street retail corridor. Spanish architecture featuring massive archways, tile roofing, and spacious floorplans make this a unique and one of a kind offering. There are three 2 Bed, 1.5 BA TH units each with private enclosed yard. Unit A in the front of the building has a balcony and private yard, and could comm,and a site-specific rent. Units B & C are the other townhouse units. Unit D is a two-bedroom, 1.75 bath floorplan featuring a separate bath with stall shower, and is located upstairs all on one level with a balcony off the mater bedroom. All townhouse units include interior laundry hookups for a full sized washer and dryer while unit D has interior laundry for a stacked washer and dryer. There are three open parking spaces in the front of the building outlined with concrete curbing and mature landscaping.There are four tuck-under covered parking spaces with individual storage cabinets, and one open space - all at the rear of the property. Units are individually metered for gas & electric and each unit has its own separate hot water heater and forced air heating., Owner utility responsibilities are minimal covering outside lights, water and sewer. The last rent increase for all units was June 2019. Management is not anticipating rent issues based upon employment history and historical rent collections.

Last Agent to Sell the Property

Steven Brombal

Kidder Mathews of California, Inc License #00972129 Listed on: 04/30/2020

Last Buyer's Agent

Kristina Heimstaedt

Coldwell Banker Realty License #01950536

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 7,233 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Wood Fence
  • Level Lot

Home Design

  • Spanish Architecture
  • Quadruplex
  • Slab Foundation
  • Frame Construction
  • Stucco

Interior Spaces

  • 3,862 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Cooktop

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 7 Car Garage
  • 3 Open Parking Spaces
  • 4 Carport Spaces
  • Parking Storage or Cabinetry
  • Parking Available
  • Driveway
  • Off-Street Parking

Location

  • Urban Location

Utilities

  • Forced Air Heating System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 9
  • Tax Tract Number 1193
  • Assessor Parcel Number 42501309

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $22,025
  • Operating Expense $34,007
  • Gross Income $10,445
  • Net Operating Income $87,573

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Maintained, Paved
  • Subdivision Name Other: Eastside South (ESCM)
  • Architectural Style: Spanish
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 42501309
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 491.97

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Built-In Storage, Carport, Asphalt, Concrete, Off Street, Private
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Gas Cooktop
  • Heating Type: Forced Air
  • Laundry Features: In Closet, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Lot 6500-9999
  • Lot Size Sq Ft: 7233.00
  • Lot Size Acres: 0.1660

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 10445.00
  • Gross Scheduled Income: 125340.00
  • Lot Size Area: 7233.0000 Square Feet
  • Net Operating Income: 87573.00
  • 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 Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 34007.00
  • Rent Control: Yes
  • Total Expenses: 34007.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 22025.00
  • Tax Census Tract: 633.02
  • Tax Lot: 9
  • Tax Tract Number: 1193

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
07/17/2020 07/17/20 Sold $1,900,000 -9.3% $492 / Sq Ft
05/04/2020 05/04/20 Pending -- -- --
04/30/2020 04/30/20 For Sale $2,095,000 -- $542 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20082152

California Regional Multiple Listing Service (CRMLS)

APN: 425-013-09