NOT LISTED FOR SALE
3 Beds
2 Baths
3,450 Sq Ft
6,098 Sq Ft Lot

Last Sold June 03, 2014

Last sale price $868,820 $252 Per Sq Ft

10 Days on Market

Highlights

  • No HOA
  • Balcony
  • Ceiling Fan
  • Horace Ensign Intermediate School Rated A
  • Laundry Room
  • Paved or Partially Paved Lot

About This Home

As of June 2014

Excellent 4 unit property centrally located in Costa Mesa. There are new cement stairs leading to 2 upper 1 bedroom and 1 bathroom units with renovated patios, living room area and full kitchen. This recently pained (exterior) property also features 2 ground level units, both boasting 2 bedrooms, 1 bathroom a large living room, dining area and full kitchen along with a spacious enclosed courtyard. All units are currently occupied on a month to month basis. Rents for the units have not been increased lately and similar units 2 bedroom units are going for closer to $1400-$1,450 per month and the 1 bedrooms for about $1,250. There are a total of 8 parking spots for this property; 2, two car garages, 2 covered carport spots and 2 uncovered spots. One of the 1 bedroom units are remodeled completely a few years ago, including new windows, kitchen, etc. At the current rents, this property provides a sound investment and at the pro forma rates, it can be a monthly revenue stream.

Last Agent to Sell the Property

Robert Van Der Goes

Seven Gables Real Estate License #01413282 Listed on: 05/10/2014

Seven Gables Real Estate

Last Buyer's Agent

Earl Taylor

Real Brokerage Technologies, Inc License #00362364

Real Brokerage Technologies, Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 6,098 Sq Ft Lot
  • No Common Walls
  • Paved or Partially Paved Lot
  • Level Lot

Parking

  • 4 Car Garage
  • 2 Carport Spaces
  • Parking Available
  • Assigned Parking

Interior Spaces

  • 3,450 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Carport

Outdoor Features

  • Balcony

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 3102
  • Assessor Parcel Number 42405213

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $1,020
  • Insurance Expense $823
  • Gross Income $4,760
  • Net Operating Income $44,559

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

6,098 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: No
  • Property Type: Residential Income
  • Gardener Expense: 1020.00
  • Parcel Number: 42405213
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Balcony, Ceiling Fan(s)
  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 251.83

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Community, In Carport, Individual Room
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Level, Paved
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Multi Family

  • Gross Income: 4760.00
  • Gross Scheduled Income: 57120.00
  • Insurance Expense: 823.00
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 44559.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Patio: 2
  • Operating Expense: 12561.00
  • Rent Control: No

Tax Info

  • Tax Lot: 13
  • Tax Tract Number: 3102
  • Tax Year: 2013
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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
06/03/2014 06/03/14 Sold $868,820 -1.2% $252 / Sq Ft
05/20/2014 05/20/14 Pending -- -- --
05/10/2014 05/10/14 For Sale $879,000 -- $255 / 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 $14,167 $1,065,049 $951,522 $113,527
2024 $14,167 $1,044,166 $932,865 $111,301
2023 $13,615 $1,023,693 $914,574 $109,119
2022 $13,087 $1,003,621 $896,641 $106,980
2021 $12,594 $983,943 $879,060 $104,883
2020 $12,416 $973,854 $870,046 $103,808
2019 $12,137 $954,759 $852,986 $101,773
2018 $11,889 $936,039 $836,261 $99,778
2017 $11,702 $917,686 $819,864 $97,822
2016 $11,467 $899,693 $803,789 $95,904
2015 $11,360 $886,179 $791,715 $94,464
2014 $6,634 $442,511 $338,253 $104,258
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14098111

California Regional Multiple Listing Service (CRMLS)

APN: 424-052-13

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