NOT LISTED FOR SALE
5 Beds
3 Baths
2,521 Sq Ft
6,440 Sq Ft Lot

Last Sold March 14, 2013

Last sale price $830,000 $329 Per Sq Ft

4 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Open Floorplan
  • No HOA
  • Newport Heights Elementary Rated A
  • Property is near a park
  • 3-minute walk to Pinkley Park

About This Home

As of March 2013

Centrally located single story duplex in Eastside Costa Mesa...two blocks south of numerous shops and restaurants on 17th St. and a stones throw to Newport Heights. Unit A is a large 3 bedroom, 2 bath home and Unit B is a 2 bedroom, 1 bath home, each unit has a 2 car attached garage. Unit B has been completely remodeled with a newer kitchen featuring custom cabinets, granite counter tops and a breakfast bar. The kitchen opens up to a spacious dining room and living room that boasts ceramic tile flooring, scraped ceilings, light fixtures and a fireplace. Each unit has newer dual paned windows, window blinds, custom paint, roll up garage doors and private patios. Property has additional parking in the driveway for each unit. Current rents are very low due to long term great tenants and are under market value. Great rental or owner occupied opportunity. Close proximity to the newly renovated Westcliff Plaza and Westport Square, Newport Back Bay and Harbor, beautiful beaches of Newport, Mariners Mile along PCH, Newport Harbor High School and easy access to the 55 Freeway.

Last Agent to Sell the Property

Keith Frainie

Keller Williams Newport Estates License #01224860 Listed on: 02/14/2013

Last Buyer's Agent

Scott Singer

Pacific Sotheby's Int'l Realty License #01310519

Pacific Sotheby's Int'l Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964 | Remodeled

Lot Details

  • 6,440 Sq Ft Lot
  • Lot Dimensions are 92 x 70
  • 1 Common Wall
  • Level Lot
  • Front Yard

Parking

  • 4 Car Direct Access Garage
  • Parking Available
  • Driveway

Home Design

  • Property Attached
  • Flat Roof Shape
  • Stucco

Interior Spaces

  • 2,521 Sq Ft Home
  • Open Floorplan
  • Double Pane Windows
  • Blinds
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Location

  • Property is near a park
  • Suburban Location

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • 220 Volts in Garage

Listing and Financial Details

  • Tax Lot 66
  • Tax Tract Number 516
  • Assessor Parcel Number 42519212

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $4,150
  • Net Operating Income $49,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1964 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 6.07
  • Property Attached: Yes
  • Subdivision Name Other: Eastside South (ESCM)
  • Zoning: R2
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 42519212
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Open Floorplan
  • Common Walls: 1 Common Wall
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 329.23
  • Room Type: All Bedrooms Down
  • Window Features: Blinds, Double Pane Windows

Exterior Features

  • Pool Private: No
  • Roof: Flat
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Direct Garage Access
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Electric: 220 Volts in Garage
  • Heating Type: Forced Air, Wall Furnace
  • Laundry Features: In Garage
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Suburban

Lot Info

  • Lot Features: Front Yard, Level, Park Nearby
  • Lot Size: 92 x 70
  • Lot Size Sq Ft: 6440.00
  • Lot Size Acres: 0.1480

Multi Family

  • Gross Income: 4150.00
  • Gross Multiplier: 16.46
  • Gross Scheduled Income: 49800.00
  • Lot Size Area: 6440.0000 Square Feet
  • Net Operating Income: 49800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Lot: 66
  • Tax Tract Number: 516

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
03/14/2013 03/14/13 Sold $830,000 +1.2% $329 / Sq Ft
02/18/2013 02/18/13 Pending -- -- --
02/14/2013 02/14/13 For Sale $820,000 -- $325 / 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: OC13023168

California Regional Multiple Listing Service (CRMLS)

APN: 425-192-12