NOT LISTED FOR SALE

724 W 18th St Costa Mesa, CA 92627

Westside Costa Mesa Neighborhood
4 Beds
3 Baths
5,730 Sq Ft
0.31 Acres

Last Sold April 30, 2013

Last sale price $1,650,000 $288 Per Sq Ft

45 Days on Market

About This Home

As of April 2013

Great Investment! Upside potential, 9 Unit apartment complex located close to Pacific Coast Highway, Triangle Square, cross street is Newport Ave., near beaches, parks, shopping & convenient to transportations. High rental demand area, Fully occupied. All units recently Updated/Renovated, all with DUAL PANE WINDOWS, NEWER ROOFS. Consists of 3 separate buildings. The Front building housed first unit, a 2 level, with 3BD/2BA, kitchen w/ granite counters, beautiful wood cabinets, pantry and plenty of storage. Also has own gated front yard. Ideal for owner/landlord. Back 2 separate buildings, each 2 levels with 8 units, 4 units in each building, all 1BD/1BA units. Also has laundry facility on premise for tenants' convenience and additional income for landlord. Please do not disturb occupants.

Last Agent to Sell the Property

Tommy Thai

T2 Realty License #01082910 Listed on: 01/29/2013

Last Buyer's Agent

Fera Rezaee

Douglas Elliman Of California License #01916299

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.31 Acre Lot
  • No Common Walls

Parking

  • 14 Parking Spaces

Home Design

  • 5,730 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • Leased Washer and Dryer
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 604
  • Assessor Parcel Number 42417411

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 9 Units

Building Details

  • 9 Leased Units
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $10,248
  • Net Operating Income $90,931

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • CapRate: 5.38
  • Property Attached: No
  • Subdivision Name Other: Costa Mesa
  • Property Type: Residential Income
  • Parcel Number: 42417411
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 287.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 14.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 13500.00
  • Lot Size Acres: 0.3100

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 10248.00
  • Gross Multiplier: 13.70
  • Gross Scheduled Income: 122976.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 13500.0000 Square Feet
  • Net Operating Income: 90931.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 9
  • Number Of Units Total: 9
  • Operating Expense: 28392.00
  • Rent Control: No
  • Total Actual Rent: 10150.00

Tax Info

  • Tax Lot: 604

Range of Values:

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Average Value
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List Price
Sold Price
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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
04/30/2013 04/30/13 Sold $1,650,000 -7.3% $288 / Sq Ft
03/15/2013 03/15/13 Pending -- -- --
01/29/2013 01/29/13 For Sale $1,780,000 -- $311 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tommy Thai

    Seller's Agent in 2013

    Tommy Thai

    T2 Realty

    (626) 389-3899

    14 Total Sales

    Tommy Thai
    Section Image

  • F

    Buyer's Agent in 2013

    Fera Rezaee

    Douglas Elliman Of California

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR13011563

California Regional Multiple Listing Service (CRMLS)
California Orange County Costa Mesa 92627 Westside Costa Mesa

724 W 18th St, Costa Mesa, CA

This home is located at 724 W 18th St, Costa Mesa, CA 92627 since 29 January 2013. This property was built in 1964. 724 W 18th St is a home located in Orange County with nearby schools including Everett A. Rea Elementary School, Horace Ensign Intermediate School, and Newport Harbor High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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