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

0

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

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
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14098111

California Regional Multiple Listing Service (CRMLS)

APN: 424-052-13