NOT LISTED FOR SALE
7 Beds
4 Baths
3,160 Sq Ft
6,098 Sq Ft

Last Sold July 22, 2016

Last sale price $1,035,000 $328 Per Sq Ft

152 Days on Market

Highlights

  • Lawn
  • No HOA
  • Fireplace
  • Horace Ensign Intermediate School Rated A

About This Home

As of July 2016

Price Reduction,
Great Investment opportunity, 3 Units in Costa Mesa, close to Hoag hospital and Shopping centers.
About 2.7 miles from PCH/Newport Beach, Owner just installed a new roof, perfect for a owner or investor.
House style three bedroom has a fireplace, Its a two story two bath and offers a large balcony upstairs and two a car garage.
The two units are 2 bedroom 1 bath, unit B also has a fireplace.
Utilities are paid tenants.

Last Agent to Sell the Property

Shannon Daniele

HomeSmart Realty Group License #01321686 Listed on: 02/04/2016

HomeSmart Realty Group

Last Buyer's Agent

David Ash

Access Southland Real Estate License #01842605

Access Southland Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 6,098 Sq Ft Lot
  • No Common Walls
  • Lawn

Parking

  • 2 Car Garage
  • 3 Carport Spaces
  • Parking Available

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,160 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Panel Doors

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Fireplace in Patio
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 9
  • Tax Tract Number 3287
  • Assessor Parcel Number 42421209

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gardener Expense $600
  • Insurance Expense $1,625
  • Water Sewer Expense $1,992
  • New Taxes Expense $14,375
  • Gross Income $5,000
  • Net Operating Income $41,407

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

6,098 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 6.00
  • Property Attached: No
  • Subdivision Name Other: Canyon Townhomes (CATH)
  • View: No
  • Water Sewer Expenses: 1992.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 42421209
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: No Common Walls
  • Door Features: Panel Doors
  • Fireplace Features: Patio
  • Levels: Two
  • Price Per Square Foot: 327.53

Exterior Features

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

Garage/Parking

  • Carport Spaces: 3.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: Lawn
  • Lot Size: 6251
  • Lot Size Sq Ft: 6098.00
  • Price Per Lot Square Foot: 169.73
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 5000.00
  • Gross Multiplier: 15.11
  • Gross Scheduled Income: 60000.00
  • Gross Spendable Income: 26990.00
  • Insurance Expense: 1625.00
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 41407.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 18593.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 14375.00
  • Tax Lot: 9
  • Tax Tract Number: 3287
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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
07/22/2016 07/22/16 Sold $1,035,000 -10.0% $328 / Sq Ft
06/27/2016 06/27/16 Pending -- -- --
01/27/2016 01/27/16 For Sale $1,150,000 -- $364 / 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 $14,924 $1,204,685 $1,091,528 $113,157
2024 $14,924 $1,181,064 $1,070,125 $110,939
2023 $14,388 $1,157,906 $1,049,142 $108,764
2022 $13,874 $1,135,202 $1,028,570 $106,632
2021 $13,395 $1,112,944 $1,008,402 $104,542
2020 $13,224 $1,101,533 $998,062 $103,471
2019 $12,933 $1,079,935 $978,492 $101,443
2018 $12,670 $1,058,760 $959,306 $99,454
2017 $12,463 $1,038,000 $940,496 $97,504
2016 $9,213 $732,697 $603,795 $128,902
2015 $9,127 $721,692 $594,726 $126,966
2014 $8,930 $707,556 $583,077 $124,479
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16017701

California Regional Multiple Listing Service (CRMLS)

APN: 424-212-09

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