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

Sale Details

Date Sold: July 12, 2013

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

22 Days on Market

Highlights

  • Laundry Facilities
  • 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

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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

  • 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

6,098 Sq Ft Lot

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

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
Apr 4, 2014
Sold by
Bought by

Purchase Details

Listed on
Apr 30, 2013
Closed on
Jul 1, 2013
Sold by
Bought by
Seller's Agent
Justin Reynolds
D E Properties
Buyer's Agent
Judy Le
California 1st Realty
List Price
$860,000
Sold Price
$830,000
Premium/Discount to List
-$30,000
-3.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$279,638
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 30, 2013
Closed on
Jun 11, 2013
Sold by
Bought by
Seller's Agent
Justin Reynolds
D E Properties
Buyer's Agent
Judy Le
California 1st Realty
List Price
$860,000
Sold Price
$830,000
Premium/Discount to List
-$30,000
-3.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$279,638
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 30, 2013
Closed on
May 31, 2013
Sold by
Bought by
Seller's Agent
Justin Reynolds
D E Properties
Buyer's Agent
Judy Le
California 1st Realty
List Price
$860,000
Sold Price
$830,000
Premium/Discount to List
-$30,000
-3.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$279,638
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 2011
Sold by
Bought by

Purchase Details

Closed on
Aug 21, 2009
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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 Available
$830,000 Orange Coast Title Company O
-- Accommodation
-- Orange Coast Title Company O
-- None Available
-- None Available
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 $400,000
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
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

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 $12,645 $1,037,810 $904,417 $133,393
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

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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

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