$1,640,000
SOLD JUN 26, 2025
7 Beds
5 Baths
4,366 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$376 Per Sq Ft

9% Below List Price

197 Days on Market

Highlights

  • Laundry Room
  • Rectangular Lot
  • Wall Furnace
  • Segerstrom High School Rated A-

About This Home

As of June 2025

Great income opportunity to purchase this highly desirable Covington-style quadruplex which is situated in the sought-after South Coast Metro area, right on the border of Costa Mesa. The property boasts four spacious units:
• One 3-bedroom, 2-bath unit
• Two 2-bedroom, 2-bath units
• One 2-bedroom, 1-bath unit
Three of the units have been updated since 2012, and all are currently tenant-occupied. Each unit includes its own private garage with washer/dryer hookups, with one garage accommodating two cars.
This property offers an incredible opportunity to owner-occupy one unit while generating rental income from the others. Its prime location is close to the beach, major freeways, and John Wayne Airport. Don't miss this fantastic investment in a high-demand area!

Last Agent to Sell the Property

Justin Reynolds

D E Properties Brokerage Phone: 949-903-0322 License #01506837 Listed on: 11/18/2024

Co-Listed By

Erik Rettberg

D E Properties Brokerage Phone: 949-903-0322 License #02010692

Last Buyer's Agent

Martin Gonzalez

Realty Executives All Cities License #01204139

Realty Executives All Cities

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 6,970 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Parking

  • 2 Open Parking Spaces
  • 5 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 4,366 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 20
  • Tax Tract Number 6798
  • Assessor Parcel Number 41402223
  • $1,035 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $1,000
  • Water Sewer Expense $2,000
  • Operating Expense $4,200
  • Gross Income $90,612
  • Net Operating Income $92,756

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0

Parking

5

Listing Details

  • Price Per Unit: 441225
  • Property Attached: Yes
  • Subdivision Name Other: South Coast Metro
  • Water Sewer Expenses: 2000.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 41402223
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 375.63

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 1000 Square Feet
  • Average3 Bed Area: 1300 Square Feet
  • Gross Income: 90612.00
  • Gross Scheduled Income: 96756.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6970.0000 Square Feet
  • Net Operating Income: 92756.00
  • 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 Dishwasher: 4
  • Number With Range: 4
  • Operating Expense: 4200.00
  • Rent Control: Yes
  • Total Actual Rent: 7901.00
  • Total Expenses: 4200.00

Tax Info

  • Tax Census Tract: 741.06
  • Tax Lot: 20
  • Tax Tract Number: 6798
  • TaxOtherAnnualAssessmentAmount: 1035.00

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 Change Sq Ft Price
06/26/2025 06/26/25 Sold $1,640,000 -7.1% $376 / Sq Ft
03/14/2025 03/14/25 Price Changed $1,764,900 0.0% $404 / Sq Ft
02/04/2025 02/04/25 Price Changed $1,765,000 -1.7% $404 / Sq Ft
11/18/2024 11/18/24 For Sale $1,795,000 -- $411 / 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: NP24236210

California Regional Multiple Listing Service (CRMLS)

APN: 414-022-23