NOT LISTED FOR SALE
6 Beds
5 Baths
13,809 Sq Ft
0.76 Acre Lot

Sale Details

Date Sold: November 18, 2020

Last sale price $5,799,550 $420 Per Sq Ft

53 Days on Market

Highlights

  • Lawn
  • Landscaped
  • Laundry Facilities
  • Costa Mesa High School Rated A-

About This Home

As of November 2020

Quiet Bay Apartments is a rare 16-unit multifamily investment opportunity located in Costa Mesa, one of the premier coastal housing markets in Southern California. Situated on a 0.76-acre lot, the Quiet Bay Apartments consists of one-, two- and three-bedroom units and offers amenities including an expansive central courtyard, private patios and balconies, garage parking and on-site laundry. Because of its lower density, the property provides an incredibly quiet and serene living experience for the tenants.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 06/29/2020

Last Buyer's Agent

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 06/29/2020

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Property Details

Home Type

  • Apartment

Year Built

  • Built in 1977

Lot Details

  • 33,106 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Lawn

Parking

  • 30 Car Garage

Interior Spaces

  • 13,809 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 9
  • Assessor Parcel Number 41918133

Community Details

Overview

  • 4 Buildings
  • 16 Units

Amenities

  • Laundry Facilities

Building Details

  • 16 Leased Units
  • Rent Control
  • 16 Separate Electric Meters
  • 16 Separate Water Meters
  • Electric Expense $3,263
  • Insurance Expense $6,000
  • Maintenance Expense $9,600
  • Other Expense $18,120
  • Professional Management Expense $13,474
  • Trash Expense $3,262
  • Water Sewer Expense $3,262
  • New Taxes Expense $70,453
  • Operating Expense $127,434
  • Gross Income $346,994
  • Net Operating Income $209,428

Property Details

Home Type

Apartment

Year Built

Built in 1977

Lot Details

0.76 Acres

Parking

30

Listing Details

  • Professional Management Expense: 13474.00
  • Property Attached: No
  • Water Sewer Expenses: 3262.00
  • Property Type: Residential Income
  • Parcel Number: 41918133
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 419.98

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 30.00
  • Total Parking Spaces: 30.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 3262.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lawn
  • Lot Size Sq Ft: 33105.60
  • Lot Size Acres: 0.7600

Multi Family

  • Electric Expense: 3263.00
  • Gross Income: 346994.00
  • Gross Operating Income: 336862.00
  • Gross Scheduled Income: 337740.00
  • Insurance Expense: 6000.00
  • Lot Size Area: 0.7600 Acres
  • Maintenance Expense: 9600.00
  • Net Operating Income: 209428.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Water Meters: 16
  • Number Of Units Leased: 16
  • Number Of Units Total: 16
  • Operating Expense: 127434.00
  • Other Expense: 18120.00
  • Other Expense Description: Misc
  • Other Income1: 9254.00
  • Other Income Description: Miscellaneous
  • Rent Control: Yes
  • Total Actual Rent: 28145.00
  • Total Expenses: 127434.00

Tax Info

  • New Taxes Expense: 70453.00
  • Tax Census Tract: 637.02
  • Tax Lot: 19
  • Tax Tract Number: 9

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
Jun 29, 2020
Closed on
Nov 3, 2020
Sold by
Bought by
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Tyler Leeson
Marcus & Millichap RE Invest
List Price
$6,250,000
Sold Price
$5,799,550
Premium/Discount to List
-$450,450
-7.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,479,730
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2002
Sold by
Bought by

Purchase Details

Closed on
Apr 9, 2002
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
$1,500,000
Interest Rate
6.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 5, 2002
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
$1,500,000
Interest Rate
6.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 24, 2002
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
$1,500,000
Interest Rate
6.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 14, 2002
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
$1,500,000
Interest Rate
6.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 20, 2000
Sold by
Bought by

Purchase Details

Closed on
Jul 28, 1999
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
$1,021,845
Interest Rate
6.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 1, 1999
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
$1,021,845
Interest Rate
6.87%
Mortgage Type
Commercial

Purchase Details

Closed on
May 26, 1999
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
$1,023,750
Interest Rate
6.87%
Mortgage Type
Commercial

Purchase Details

Closed on
May 21, 1999
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
$1,023,750
Interest Rate
6.87%
Mortgage Type
Commercial
Source: Public Records

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
$5,799,500 Chicago Title
-- --
-- Investors Title Company
-- Investors Title Company
$2,200,000 Investors Title Company
-- Investors Title Company
-- --
-- Investors Title Company
-- --
-- Investors Title Company
$1,365,000 Investors Title Company
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 $35,000,000
Closed $3,479,730
Closed $3,479,730
Previous Owner $1,630,000
Previous Owner $1,600,000
Previous Owner $1,559,000
Previous Owner $1,500,000
Previous Owner $1,021,845
Previous Owner $1,023,750
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
11/24/2025 11/24/25 Off Market -- -- --
11/15/2025 11/15/25 For Rent -- -- --
11/18/2020 11/18/20 Sold $5,799,550 -7.2% $420 / Sq Ft
08/21/2020 08/21/20 Pending -- -- --
06/29/2020 06/29/20 For Sale $6,250,000 -- $453 / 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 $72,624 $6,402,562 $5,629,707 $772,855
2025 $72,624 $6,277,022 $5,519,321 $757,701
2024 $71,296 $6,153,944 $5,411,099 $742,845
2023 $69,443 $6,033,279 $5,304,999 $728,280
2022 $67,664 $5,914,980 $5,200,980 $714,000
2021 $65,804 $5,799,000 $5,099,000 $700,000
2020 $35,420 $2,913,371 $2,029,351 $884,020
2019 $34,775 $2,856,247 $1,989,560 $866,687
2018 $34,126 $2,800,243 $1,950,549 $849,694
2017 $33,553 $2,745,337 $1,912,303 $833,034
2016 $32,836 $2,691,507 $1,874,807 $816,700
2015 $32,495 $2,651,079 $1,846,646 $804,433
2014 $31,742 $2,599,149 $1,810,473 $788,676
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20126089

California Regional Multiple Listing Service (CRMLS)

APN: 419-181-33

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