NOT LISTED FOR SALE

Estimated Value: $2,577,885

9 Beds
5 Baths
3,900 Sq Ft
$661/Sq Ft Est. Value

Sale Details

Date Sold: September 26, 2016

Last sale price $1,625,000 $417 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $16,303 / mo

102 Days on Market

Highlights

  • No Units Above
  • No HOA
  • Wall Furnace
  • 19,635 Sq Ft lot
  • 7 Car Garage
  • 1-Story Property

About This Home

As of September 2016

This unique Costa Mesa 4plex investment on a large 19,600+ sqft lot has been approved for 6 new homes.

The current unit mix is 3 units that are 2 bedroom/1 bath with a 1 car garage and a fully detached 3 bedroom/2 bath home with a 2 car garage. The units feature washer/dryer hookups and private yard space. Residents pay for gas and electric. Very rare for Costa Mesa, the units are separately submetered for water. There is also a storage area and 2 car garage that generates additional income. All units are occupied and there is upside in the income.

The site was recently approved for 6 new detached homes: 3 new homes with 2 bedrooms/2.5 baths and 3 new homes that are 3 bedrooms/2.5 baths and a unique 3 car garage configuration. There are other nearby new home communities. The site backs to Maple Crossing by Richmond American Homes and is a block or two from Current by Shea Homes. It’s close to the fine dining, shopping and eclectic entertainment that Costa Mesa offers.

Last Agent to Sell the Property

Christian Walsh

Berkshire Hathaway HomeServices California Properties License #01804983 Listed on: 08/04/2016

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Andrea Routh

Coldwell Banker Realty License #01451545

Coldwell Banker Realty
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 19,635 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Density is 11-15 Units/Acre

Parking

  • 7 Car Garage
  • Parking Available
  • Unassigned Parking

Home Design

  • Property Attached
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,900 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry in unit
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • Suburban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, grounds care, water
  • Tax Lot 34
  • Tax Tract Number 247
  • Assessor Parcel Number 42202132

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 5 Separate Water Meters
  • Insurance Expense $1,737
  • Trash Expense $208
  • Water Sewer Expense $901
  • New Taxes Expense $17,325
  • Gross Income $7,215
  • Net Operating Income $66,408

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0.45 Acres

Parking

7

Listing Details

  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: West Costa Mesa North (WNCM)
  • View: No
  • Water Sewer Expenses: 901.00
  • Property Type: Residential Income
  • Parcel Number: 42202132
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Levels: One
  • Price Per Square Foot: 416.67
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 7.00
  • Parking: Yes
  • Parking Features: Garage, Unassigned
  • Total Parking Spaces: 15.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Trash Expense: 208.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 19635.00
  • Price Per Lot Square Foot: 84.03

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Grounds Care, Water

Multi Family

  • Gross Income: 7215.00
  • Gross Scheduled Income: 86580.00
  • Insurance Expense: 1737.00
  • Net Operating Income: 66408.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 5
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 20171.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 17325.00
  • Tax Lot: 34
  • Tax Tract Number: 247

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Jul 23, 2021
Sold by
Bought by
Current Estimated Value
$2,577,885

Purchase Details

Closed on
Apr 3, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
2.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 4, 2016
Closed on
Aug 29, 2016
Sold by
Bought by
Seller's Agent
Christian Walsh
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Andrea Routh
Coldwell Banker Realty
List Price
$1,650,000
Sold Price
$1,625,000
Premium/Discount to List
-$25,000
-1.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.80%

Purchase Details

Closed on
Jan 8, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 2008
Sold by
Bought by

Purchase Details

Closed on
Jan 23, 2007
Sold by
Bought by

Purchase Details

Closed on
Jul 27, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
7.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 15, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
3.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 6, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
3.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 19, 1992
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Westside Costa Mesa, CA

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Purchase 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 Buyer Sale Price Title Company
-- Accommodation
$1,995,000 First Amer Ttl Co Glendale
$1,625,000 First American Title Company
$1,400,000 First American Title Company
-- None Available
-- None Available
-- None Available
-- Commonwealth Land Title
-- Southland Title Corporation
$350,000 Southland Title Corporation
-- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Previous Owner $1,050,000
Previous Owner $980,000
Previous Owner $650,000
Previous Owner $255,000
Previous Owner $280,000
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
09/26/2016 09/26/16 Sold $1,625,000 -1.5% $417 / Sq Ft
08/04/2016 08/04/16 For Sale $1,650,000 +1.5% $423 / Sq Ft
08/02/2016 08/02/16 Pending -- -- --
07/11/2016 07/11/16 Off Market $1,625,000 -- --
04/22/2016 04/22/16 For Sale $1,650,000 -- $423 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2026 $25,279 $2,159,451 $1,974,689 $184,762
2025 $24,748 $2,117,109 $1,935,969 $181,140
2024 $24,748 $2,075,598 $1,898,009 $177,589
2023 $24,004 $2,034,900 $1,860,793 $174,107
2022 $23,425 $1,995,000 $1,824,306 $170,694
2021 $20,560 $1,742,328 $1,574,432 $167,896
2020 $20,306 $1,724,463 $1,558,288 $166,175
2019 $22,453 $1,690,650 $1,527,733 $162,917
2018 $19,458 $1,657,500 $1,497,777 $159,723
2017 $19,136 $1,625,000 $1,468,408 $156,592
2016 $16,066 $1,421,350 $1,257,582 $163,768
2015 $5,855 $447,592 $283,842 $163,750
2014 -- $438,825 $278,282 $160,543
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16084820

California Regional Multiple Listing Service (CRMLS)

APN: 422-021-32

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