Seller's Agent in 2021
Jon Flagg
Pacific Sotheby's Int'l Realty
(949) 554-1200
8 in this area
143 Total Sales
408 Ford Rd Costa Mesa, CA 92627
Downtown Costa Mesa Neighborhood
7
Beds
4
Baths
3,802
Sq Ft
8,159
Sq Ft Lot
Highlights
- Laundry Room
- Landscaped
- Bike Trail
- Costa Mesa High School Rated A-
About This Home
As of August 2021Rare opportunity to acquire a well maintained, single-level triplex in a uniquely quiet Costa Mesa location. Conveniently located with easy access to shopping, restaurants, beaches and entertainment. Much of the area has been redeveloped and tenant demand remains very strong due to the location. The property consists of two, 2 bedroom 1 bath units recently updated and a 3 bedroom 2 bath unit with an inviting, large front patio. Each unit has outdoor space and storage area. Ample parking includes a 2 car garage with 2 covered carport spaces plus an additional parking space and street-parking. A separate laundry room affords additional potential income. Current rents are below market value and tenants are on month/month terms. A great opportunity for an investor to add value and increase rents.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1961
Lot Details
- 8,159 Sq Ft Lot
- Two or More Common Walls
- Landscaped
Parking
- 1 Open Parking Space
- 2 Car Garage
- 2 Carport Spaces
Home Design
- 3,802 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Additional Features
- Laundry Room
- Rain Gutters
Listing and Financial Details
- Tax Lot 6
- Tax Tract Number 3718
- Assessor Parcel Number 41920102
Community Details
Overview
- 2 Buildings
- 3 Units
- Costa Mesa Residential Income Subdivision
Recreation
- Bike Trail
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,020
- Insurance Expense $1,800
- Maintenance Expense $9,000
- Trash Expense $1,000
- Water Sewer Expense $1,450
- New Taxes Expense $16,788
- Operating Expense $31,258
- Gross Income $66,348
- Net Operating Income $35,090
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/26/2021 08/26/21 | Sold | $1,695,000 | 0.0% | $446 / Sq Ft |
| 06/24/2021 06/24/21 | For Sale | $1,695,000 | -- | $446 / 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 | $20,517 | $1,763,478 | $1,576,206 | $187,272 |
| 2024 | $20,517 | $1,728,900 | $1,545,300 | $183,600 |
| 2023 | $19,887 | $1,695,000 | $1,515,000 | $180,000 |
| 2022 | $19,711 | $1,695,000 | $1,515,000 | $180,000 |
| 2021 | $6,742 | $480,589 | $330,007 | $150,582 |
| 2020 | $6,635 | $475,662 | $326,624 | $149,038 |
| 2019 | $6,482 | $466,336 | $320,220 | $146,116 |
| 2018 | $6,348 | $457,193 | $313,942 | $143,251 |
| 2017 | $6,254 | $448,229 | $307,786 | $140,443 |
| 2016 | $6,135 | $439,441 | $301,751 | $137,690 |
| 2015 | $6,078 | $432,841 | $297,219 | $135,622 |
| 2014 | -- | $424,363 | $291,397 | $132,966 |
Source: Public Records
Agents Affiliated with this Home
-
Jon Flagg
-
Kim Bibb
Seller Co-Listing Agent in 2021
Kim Bibb
Pacific Sotheby's Int'l Realty
(714) 396-0185
5 in this area
119 Total Sales
-
O
Buyer's Agent in 2021
OUT OF AREA OUT
OUT OF AREA - NON MEMBER
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP21132033
APN: 419-201-02
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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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