$1,895,000

Estimated payment $11,922/month

Total Views 1,477
4 Beds
4 Baths
3,802 Sq Ft
$498 Price per Sq Ft

Highlights

  • No HOA
  • Park
  • 1-Story Property
  • Costa Mesa High School Rated A-
  • Bike Trail

About This Home

Pleased to present 408 Ford Road, a well-maintained single-story triplex located in Costa Mesa. This property is walking distance to The Triangle and all retail, shopping, and entertainment along Newport Boulevard and 19th Street. Much of the area has been redeveloped and tenant demand remains very strong due to the location and surrounding communities. The property itself consists of (1) two-bedroom/two-bath unit with an inviting, large front patio and (2) additional two-bedroom/two-bath units. Each unit features an outdoor space and storage area. There is also ample parking which includes a double car garage and 2 covered carport spaces plus street-parking. The new investor can quickly realize a strong return on investment through modernization of the property and increased rent levels.

Listing Agent

Rick Applebaum

Morgan Skenderian Brokerage Email: rma@morganskenderian.com License #01273871 Listed on: 06/01/2026

Co-Listing Agent

Jay Skenderian

Morgan Skenderian Brokerage Email: rma@morganskenderian.com License #01220368

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1961

Lot Details

  • 8,155 Sq Ft Lot
  • No Common Walls

Parking

  • 1 Open Parking Space
  • 2 Car Garage
  • 2 Carport Spaces

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 3,802 Sq Ft Home
  • 1-Story Property
  • Dishwasher
  • Laundry in unit

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 3718
  • Assessor Parcel Number 41920102
  • $2,492 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Recreation

  • Park
  • Dog Park
  • Bike Trail

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $663
  • Fuel Expense $663
  • Gardener Expense $600
  • Insurance Expense $3,802
  • Maintenance Expense $3,213
  • Trash Expense $663
  • Water Sewer Expense $663
  • New Taxes Expense $22,346
  • Operating Expense $32,961
  • Gross Income $110,400
  • Net Operating Income $74,127

Property Details

Home Type

Apartment

Year Built

Built in 1961

Lot Details

8,155 Sq Ft Lot

Parking

2

Listing Details

  • CapRate: 3.91
  • Property Attached: No
  • Water Sewer Expenses: 663.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 41920102
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 498.42

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 1.00

Utilities

  • Laundry: Yes
  • Appliances: Dishwasher
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 663.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Gutters, Curbs, Biking, Dog Park, Sidewalks, Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 8155.00
  • Lot Size Acres: 0.1872

Multi Family

  • Electric Expense: 663.00
  • Fuel Expense: 663.00
  • Gross Income: 110400.00
  • Gross Multiplier: 17.16
  • Gross Operating Income: 107088.00
  • Gross Scheduled Income: 110400.00
  • Insurance Expense: 3802.00
  • Lot Size Area: 8155.0000 Square Feet
  • Maintenance Expense: 3213.00
  • Maintenance Percent: 3.00
  • Net Operating Income: 74127.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 32961.00
  • Operating Expense Percent: 29.90
  • Rent Control: Yes
  • Total Expenses: 32961.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 22346.00
  • Tax Lot: 6
  • Tax Tract Number: 3718
  • TaxOtherAnnualAssessmentAmount: 2492.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $20,969 $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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/01/2026 06/01/26 For Sale $1,895,000 +11.8% $498 / Sq Ft
08/26/2021 08/26/21 Sold $1,695,000 0.0% $446 / Sq Ft View Prior Sale
06/24/2021 06/24/21 For Sale $1,695,000 -- $446 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW26118632

California Regional Multiple Listing Service (CRMLS)

APN: 419-201-02

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