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

Sale Details

Date Sold: June 3, 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
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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

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

Closed on
Dec 15, 2024
Sold by
Bought by

Purchase Details

Listed on
May 10, 2014
Closed on
May 22, 2014
Sold by
Bought by
Seller's Agent
Robert Van Der Goes
Seven Gables Real Estate
Buyer's Agent
Earl Taylor
Real Brokerage Technologies, Inc
List Price
$879,000
Sold Price
$868,820
Premium/Discount to List
-$10,180
-1.16%

Purchase Details

Closed on
Nov 1, 2007
Sold by
Bought by

Purchase Details

Closed on
Apr 30, 2001
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
$324,000
Interest Rate
7.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 5, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Westside Costa Mesa, CA

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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 Listed On Document
$869,000 First American Title Company
-- None Available
$360,000 Lawyers Title Company
-- Orange Coast Title
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
Previous Owner $405,000
Previous Owner $330,000
Previous Owner $324,000
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
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

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
2026 $14,578 $1,086,349 $970,552 $115,797
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

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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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