NOT LISTED FOR SALE
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
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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

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
2025 $15,923 $1,392,699 $1,260,514 $132,185
2024 $15,923 $1,365,392 $1,235,798 $129,594
2023 $15,451 $1,338,620 $1,211,567 $127,053
2022 $15,065 $1,312,373 $1,187,811 $124,562
2021 $14,667 $1,286,641 $1,164,521 $122,120
2020 $14,498 $1,273,449 $1,152,581 $120,868
2019 $14,185 $1,248,480 $1,129,981 $118,499
2018 $13,898 $1,224,000 $1,107,824 $116,176
2017 $13,663 $559,490 $397,833 $161,657
2016 $6,778 $548,520 $390,032 $158,488
2015 $6,715 $540,281 $384,173 $156,108
2014 $6,569 $529,698 $376,647 $153,051
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP17021615

California Regional Multiple Listing Service (CRMLS)

APN: 425-022-17