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

Sale Details

Date 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

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

Listed on
Feb 4, 2016
Closed on
Jul 19, 2016
Sold by
Bought by
Seller's Agent
Shannon Daniele
HomeSmart Realty Group
Buyer's Agent
David Ash
Access Southland Real Estate
List Price
$1,150,000
Sold Price
$1,035,000
Premium/Discount to List
-$115,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$778,500
Interest Rate
0.036%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 20, 2013
Sold by
Bought by

Purchase Details

Closed on
Apr 28, 2008
Sold by
Bought by

Purchase Details

Closed on
Mar 9, 2007
Sold by
Bought by

Purchase Details

Closed on
Jan 29, 2007
Sold by
Bought by

Purchase Details

Closed on
Aug 1, 2003
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
$512,000
Interest Rate
0.0675%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 17, 2003
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
$512,000
Interest Rate
0.0675%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 30, 2003
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
$424,000
Interest Rate
0.0925%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 3, 1998
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
$248,866
Interest Rate
0.0679%
Mortgage Type
FHA
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- None Available
$1,038,000 Ortc
-- None Available
-- None Available
-- Accommodation
-- Security Union Title
-- Lawyers Title Company
$640,000 Lawyers Title Company
-- First American Title Co
$530,000 First American Title Co
$256,500 Benefit Land Title Company
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
Open $730,000
Closed $778,500
Previous Owner $194,000
Previous Owner $679,000
Previous Owner $553,000
Previous Owner $158,000
Previous Owner $512,000
Previous Owner $424,000
Previous Owner $248,866
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
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

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 $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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