$2,050,000

Estimated payment $13,416/month

Total Views 7,409
7 Beds
4 Baths
3,150 Sq Ft
$651 Price per Sq Ft

Highlights

  • No HOA
  • Laundry Room
  • 2 Car Garage
  • Horace Ensign Intermediate School Rated A
  • Tile Flooring
  • Wood Fence

About This Home

Whether you're looking for a multi-family residence, an investment opportunity, or a place to call home while renting out the other units, this income generating triplex offers endless possibilities. There are three units with solid rental income. Unit A and B have the same floor plan. Single level with no one above or below. Two large rooms with walk in closets and one bathroom. Unit A has a newer stainless stove and sink. Newer Corian counters and newer tile floors. Newer carpet and interior paint. Newer windows and window coverings. Both units have full size indoor laundry and large enclosed private yards off the kitchen and dining area and both have dedicated covered carports nearby. Unit B has newer interior paint,carpets and baseboards. There is a newer stainless steel cooktop, and a newer oven and microwave. The kitchen sink is stainless steel. All of the kitchen cabinets have newer pull handles. The bathroom has a new vanity, sink and faucet. The dining room has a ceiling fan and tile floors. The living room has laminate floors and features a white brick fireplace and hearth. Some newer window coverings. Newer heater. Unit C has a comfortable floor plan with three spacious bedrooms and one and a half baths. Two bedrooms are upstairs and one bedroom is down. The downstairs bedroom has mirrored closet doors. The 2 upstairs bedrooms have walk-in closets. The kitchen has a refrigerator, newer stove and newer dishwasher. Newer laminate countertops and newer tile floors. Newer windows and window coverings. Both bathrooms have been updated. The upstairs full bath has a newer reglazed shower and bath combo, newer vanity, counter top, and a double sink with newer fixtures. The downstairs bathroom has a newer mirror, newer vanity and light fixture. The living room features a wood burning brick fireplace and custom mantle. Newer carpet, baseboards and newer interior paint. Newer light fixtures throughout. There is also a massive upstairs deck off the primary bedroom. Full size private laundry in the 2 car garage which is spacious and has plenty of storage cabinets. Enclosed patio yard off of the kitchen and dining area. Perfect for a small garden, potted plants, and a BBQ.This desirable area is centrally located to Triangle Square and all the popular restaurants and shopping along 17th St. Newport and Harbor Blvd. It is also just down the street from the Downtown Costa Mesa Recreation, Aquatic and Senior Center, and Park. The ocean is just a few miles away.

Listing Agent

Linda StearnsPlotkin

Realty One Group West Brokerage Phone: 714-342-3041 License #00907533

Realty One Group West

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 6,098 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • 2 Carport Spaces
  • Parking Available

Home Design

  • Triplex

Interior Spaces

  • 3,150 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 3287
  • Assessor Parcel Number 42421238
  • $7,100 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Costa Mesa Residential Income Subdivision

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Insurance Expense $3,100
  • Maintenance Expense $21,400
  • Supplies Expense $600
  • Water Sewer Expense $1,700
  • Operating Expense $23,700
  • Gross Income $99,600
  • Net Operating Income $69,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 3.40
  • Price Per Unit: 683333
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Costa Mesa Residential Income (CMRI)
  • Supplies Expense: 600.00
  • View: No
  • Water Sewer Expenses: 1700.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 42421238
  • Year Built: 1958
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Entry Location: ground
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One, Two
  • Price Per Square Foot: 650.79

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 850 Square Feet
  • Average3 Bed Area: 1350 Square Feet
  • Gross Income: 99600.00
  • Gross Multiplier: 20.50
  • Gross Operating Income: 75900.00
  • Gross Scheduled Income: 99600.00
  • Insurance Expense: 3100.00
  • Lot Size Area: 6098.0000 Square Feet
  • Maintenance Expense: 21400.00
  • Net Operating Income: 69300.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Dishwasher: 1
  • Number With Patio: 3
  • Number With Range: 3
  • Number With Refrigerator: 1
  • Operating Expense: 23700.00
  • Rent Control: No
  • Total Expenses: 23700.00

Tax Info

  • Tax Census Tract: 636.05
  • Tax Lot: 16
  • Tax Tract Number: 3287
  • TaxOtherAnnualAssessmentAmount: 7100.00

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2025 02/23/25 For Sale $2,050,000 -- $651 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Similar Home in Costa Mesa, CA

  • 778 Shalimar Dr, Costa Mesa, CA 92627

    $1,750,000

    • 2 Beds
    • 1 Bath
    • 3,390 Sq Ft
    • 778 Shalimar Dr
    • Costa Mesa, CA

    Less than two miles to the ocean, 4 plex directly facing a city park. All long term tenants in 100% 2 bed layouts. Street was closed off to through traffic and is in an opportunity zone. Bread and butter units always full. Walking distance to everything.

    Matthew Hoyt Hoyt Real Estate, Inc.

    Section Image

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25032113

California Regional Multiple Listing Service (CRMLS)