Kelvin Jensen
Real Broker
(858) 609-8340
47 Total Sales
1 in Westside Costa Mesa
$1,350,000 Price
724 W 18th St Costa Mesa, CA 92627
Westside Costa Mesa Neighborhood
4
Beds
3
Baths
5,730
Sq Ft
0.31
Acre Lot
About This Home
As of April 2013Great 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 Buyer's Agent
Fera Rezaee
Douglas Elliman Of California License #01916299
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 13,500 Sq Ft 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
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
Feb 15, 2021
Sold by
Bought by
Purchase Details
Closed on
Aug 20, 2014
Sold by
Bought by
Purchase Details
Listed on
Jan 29, 2013
Closed on
Mar 18, 2013
Sold by
Bought by
Seller's Agent
Tommy Thai
T2 Realty
Buyer's Agent
Fera Rezaee
Douglas Elliman Of California
List Price
$1,780,000
Sold Price
$1,650,000
Premium/Discount to List
-$130,000
-7.3%
Purchase Details
Closed on
Jul 25, 2005
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
$747,500
Interest Rate
5.46%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 19, 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
$570,000
Interest Rate
5.17%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Westside Costa Mesa, CA
-
Kelvin Jensen
-
Arthur Cervantes
Arthur Cervantes
Arthur Cervantes Properties Inc
(657) 239-4578
109 Total Sales
6 in Westside Costa Mesa
$32K - $168K Price Range
-
Audrey Savopolos
Audrey Savopolos
Coldwell Banker Realty
(714) 942-5243
11 Total Sales
2 in Westside Costa Mesa
$1,200,000 Price Range
-
Mel Macklin
Mel Macklin
HomeSmart, Evergreen Realty
(747) 307-7003
49 Total Sales
1 in Westside Costa Mesa
$1,200,000 Price
-
David Feldberg
David Feldberg
Coastal Real Estate Group
(949) 989-5690
56 Total Sales
1 in Westside Costa Mesa
$900,000 Price
-
Todd Bousman
Todd Bousman
bouHAUS Properties
(949) 403-6362
35 Total Sales
1 in Westside Costa Mesa
$1,050,000 Price
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 | ||
| $908,000 | None Available | ||
| $1,650,000 | First American Title Company | ||
| -- | Financial Title Company La | ||
| $1,150,000 | Financial Title Company La | ||
| -- | First Southwestern Title Co |
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 | $1,000,000 | ||
| Previous Owner | $175,000 | ||
| Previous Owner | $747,500 | ||
| Previous Owner | $570,000 |
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 |
|---|---|---|---|---|
| 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
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 | $26,392 | $2,149,346 | $1,426,364 | $722,982 |
| 2025 | $26,392 | $2,107,202 | $1,398,396 | $708,806 |
| 2024 | $25,801 | $2,065,885 | $1,370,977 | $694,908 |
| 2023 | $25,013 | $2,025,378 | $1,344,095 | $681,283 |
| 2022 | $24,069 | $1,985,665 | $1,317,740 | $667,925 |
| 2021 | $23,185 | $1,946,731 | $1,291,902 | $654,829 |
| 2020 | $22,964 | $1,926,770 | $1,278,655 | $648,115 |
| 2019 | $22,537 | $1,888,991 | $1,253,584 | $635,407 |
| 2018 | $22,113 | $1,851,952 | $1,229,003 | $622,949 |
| 2017 | $21,739 | $1,815,640 | $1,204,905 | $610,735 |
| 2016 | $21,271 | $1,780,040 | $1,181,280 | $598,760 |
| 2015 | $21,053 | $1,753,303 | $1,163,536 | $589,767 |
| 2014 | $19,918 | $1,657,491 | $1,104,994 | $552,497 |
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
-
F
Buyer's Agent in 2013
Fera Rezaee
Douglas Elliman Of California
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR13011563
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.
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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