NOT LISTED FOR SALE

399 E 18th St Costa Mesa, CA 92627

Downtown Costa Mesa Neighborhood
5 Beds
3 Baths
2,376 Sq Ft
4,792 Sq Ft Lot

Last Sold February 24, 2017

Last sale price $1,200,000 $505 Per Sq Ft

17 Days on Market

Highlights

  • Corner Lot
  • Granite Countertops
  • Double Pane Windows
  • Mariners Elementary School Rated A
  • No HOA
  • Laundry Room

About This Home

As of February 2017

Great bread and butter income units in a wonderful East Side Costa Mesa location. Lower 2/1, upper 3/2. Both units have updated granite counters and cabinets, fireplaces and in-unit full-sized washer/dryer hookups. The building also has upgraded dual pane vinyl windows and sliders. Great walking score location near all that 17th Street has to offer and Harper Park across the street. Three single car garages with roll-up doors. Downstairs unit enjoys a nice patio and small grassy yard, the upstairs has a very large balcony. Tenants are on month-to-month leases and the building has significant upside rent potential. Some mechanicals have been updated and newer roof is still under warranty. Large units: lower = 1,029, upper = 1,349 (per appraiser).

Last Agent to Sell the Property

Troy Davis

The Agency Realty, Inc. License #00907901 Listed on: 02/01/2017

The Agency Realty, Inc.

Last Buyer's Agent

Judy Evans

SoCal Realty Group License #00893416

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 4,792 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Corner Lot
  • Level Lot
  • Back Yard

Parking

  • 3 Car Garage
  • 5 Open Parking Spaces
  • Parking Available
  • Three Garage Doors
  • Driveway

Home Design

  • Duplex
  • Cosmetic Repairs Needed
  • Flat Roof Shape
  • Slab Foundation
  • Elastomeric Roof
  • Stucco

Interior Spaces

  • 2,376 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Sliding Doors
  • Living Room with Fireplace
  • Granite Countertops
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Central Heating
  • Sewer Paid

Additional Features

  • Energy-Efficient Windows
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 126
  • Tax Tract Number 516
  • Assessor Parcel Number 42502217

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,628
  • Trash Expense $10
  • Water Sewer Expense $660
  • New Taxes Expense $13,200
  • Operating Expense $15,498
  • Net Operating Income $39,774

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Eastside South (ESCM)
  • View: No
  • Water Sewer Expenses: 660.00
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 42502217
  • Year Built: 1971
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Granite Counters, Unfurnished
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Door Features: Sliding Doors
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 505.05
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Elastomeric, Flat
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Covered, Driveway, Concrete, Garage, Garage - Three Door
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Sewer Paid
  • Trash Expense: 10.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks, Street Lights

Green Features

  • Efficiency: Windows

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Level
  • Lot Size Sq Ft: 4792.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Scheduled Income: 48840.00
  • Insurance Expense: 1628.00
  • Net Operating Income: 39774.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 9066.00
  • Rent Control: No
  • Total Actual Rent: 4070.00
  • Total Expenses: 15498.00

Tax Info

  • New Taxes Expense: 13200.00
  • Tax Census Tract: 633.02
  • Tax Lot: 126
  • 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 List to Sale Price per Sq Ft
02/24/2017 02/24/17 Sold $1,200,000 -2.0% $505 / Sq Ft
01/18/2017 01/18/17 For Sale $1,225,000 -- $516 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Troy Davis

    Seller's Agent in 2017

    Troy Davis

    The Agency Realty, Inc.

    (714) 264-1334

    19 Total Sales

    Troy Davis
    Section Image

  • J

    Buyer's Agent in 2017

    Judy Evans

    SoCal Realty Group

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP17021615

California Regional Multiple Listing Service (CRMLS)

APN: 425-022-17

California Orange County Costa Mesa 92627 Downtown Costa Mesa

399 E 18th St, Costa Mesa, CA

This home is located at 399 E 18th St, Costa Mesa, CA 92627 since 01 February 2017. This property was built in 1971. 399 E 18th 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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