NOT LISTED FOR SALE
6 Beds
4 Baths
3,448 Sq Ft
6,098 Sq Ft Lot

Last Sold July 12, 2013

Last sale price $830,000 $241 Per Sq Ft

22 Days on Market

Highlights

  • Laundry Room
  • Horace Ensign Intermediate School Rated A
  • Wall Furnace

About This Home

As of July 2013

Great 4 unit investment opportunity in the city of Costa Mesa. This building features two 2 bedroom 1 bath units & two 1 bedroom 1 bath units, all of which are currently occupied. There are 5 carports in the rear of the building along with 2 driveway spaces in the front. The building has been well maintained with new vinyl windows throughout, new rain gutters, recent roof replacement, fresh exterior paint, new fences, community laundry room (additional income) & exterior woodwork recently performed. The property has low overhead and solid tenants who pay timely. Excellent opportunity!

Last Agent to Sell the Property

Justin Reynolds

D E Properties License #01506837 Listed on: 04/30/2013

Last Buyer's Agent

Judy Le

California 1st Realty License #01440085

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 6,098 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 3,448 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 7 Parking Spaces
  • 5 Carport Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 24
  • Tax Tract Number 424
  • Assessor Parcel Number 42405304

Community Details

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,300
  • Trash Expense $1,800
  • Water Sewer Expense $1,800
  • New Taxes Expense $9,460
  • Gross Income $4,520
  • Net Operating Income $39,940

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1800.00
  • Property Type: Residential Income
  • Parcel Number: 42405304
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 240.72

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Multi Family

  • Gross Income: 4520.00
  • Gross Scheduled Income: 54240.00
  • Insurance Expense: 1300.00
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 39940.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 14300.00
  • Rent Control: No
  • Total Actual Rent: 4520.00

Tax Info

  • New Taxes Expense: 9460.00
  • Tax Lot: 24
  • Tax Tract Number: 424

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
07/12/2013 07/12/13 Sold $830,000 -3.5% $241 / Sq Ft
05/22/2013 05/22/13 Pending -- -- --
04/30/2013 04/30/13 For Sale $860,000 -- $249 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $12,360 $1,017,461 $886,683 $130,778
2024 $12,360 $997,511 $869,297 $128,214
2023 $11,979 $977,952 $852,252 $125,700
2022 $11,523 $958,777 $835,541 $123,236
2021 $11,101 $939,978 $819,158 $120,820
2020 $10,995 $930,340 $810,758 $119,582
2019 $10,789 $912,099 $794,861 $117,238
2018 $10,585 $894,215 $779,275 $114,940
2017 $10,406 $876,682 $763,995 $112,687
2016 $10,181 $859,493 $749,015 $110,478
2015 $10,078 $846,583 $737,764 $108,819
2014 $9,844 $830,000 $723,312 $106,688
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP13079328

California Regional Multiple Listing Service (CRMLS)

APN: 424-053-04