$2,200,000
SOLD JUN 27, 2024
7 Beds
5 Baths
2,432 Sq Ft
8,100 Sq Ft Lot

Recently Sold

$905 Per Sq Ft

4% Below List Price

17 Days on Market

Highlights

  • Open Floorplan
  • No HOA
  • Living Room
  • Horace Ensign Intermediate School Rated A
  • Neighborhood Views
  • Laundry Room

About This Home

As of June 2024

Newly completely remodeled 3bedroom and 2 bathroom 1,150 sf home with a 2nd attached newly constructed 1 bedroom/ 1 bathroom 483 Sf unit and a detached newly constructed 3 bedroom 2 bath 799 sf home in the backyard with its own private access. The property is beautifully appointed with custom tile work and premium fixtures. The property is nicely landscaped with amazing trees and newly constructed fencing for privacy and separate entrances. Each unit has its own parking. The pro forma rent is $9,895 per month. Two of the 3 units are rented with great tenants. The newly built unit in the back is also currently being listed for lease.

Last Agent to Sell the Property

Mark Taylor

Compass Brokerage Phone: 949-335-8698 License #01877391 Listed on: 05/02/2024

Compass

Co-Listed By

Dylan Mason

Compass Brokerage Phone: 949-335-8698 License #01709074

Last Buyer's Agent

Kurt Galitski

Coldwell Banker Realty License #01348644

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,174

Year Built

  • Built in 1954

Lot Details

  • 8,100 Sq Ft Lot
  • 1 Common Wall
  • Zero Lot Line

Home Design

  • Triplex
  • Planned Development

Interior Spaces

  • 2,432 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Living Room
  • Vinyl Flooring
  • Neighborhood Views

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Stacked Washer and Dryer

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 1865
  • Assessor Parcel Number 42420212

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,174

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Price Per Unit: 765000
  • Property Attached: Yes
  • Subdivision Name Other: Westside Costa Mesa
  • View: Yes
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 42420212
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Open Floorplan
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 904.61
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Main Floor Bedroom, Primary Bathroom

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Spa: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Dryer Included, In Kitchen, Inside, Stackable, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Zero Lot Line
  • Lot Size Sq Ft: 8100.00
  • Lot Size Acres: 0.1860
  • Latitude Manual: 33.64230500

Multi Family

  • Lot Size Area: 8100.0000 Square Feet
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Tax Census Tract: 636.05
  • Tax Lot: 9
  • Tax Tract Number: 1865

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2024
Closed on
May 28, 2024
Sold by
Cascade Dev Company Llc
Bought by
Yang Living Trust and Yang
Seller's Agent
Mark Taylor
Compass
Buyer's Agent
Kurt Galitski
Coldwell Banker Realty
List Price
$2,295,000
Sold Price
$2,200,000
Premium/Discount to List
-$95,000
-4.14%
Total Days on Market
17
Views
15
Current Estimated Value
$2,134,279

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$65,721
Avg. Annual Appreciation
-3.21%

Purchase Details

Closed on
Jun 18, 2021
Sold by
Cascade Financial Services Llc
Bought by
Cascade Development Co Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$682,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 11, 2018
Closed on
Nov 5, 2018
Sold by
Newcombe Kellie
Bought by
Cascade Financial Services Llc and 734 Center Street Llc
Seller's Agent
Jeffrey Butcher
Pacific Coast Realty Group
Buyer's Agent
Jeffrey Butcher
Pacific Coast Realty Group
List Price
$657,500
Sold Price
$657,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.93%
Original Mortgage
$585,000
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 14, 2018
Sold by
Newcombe Kelley Jean
Bought by
Newcombe Kellie and Kellie Newcombe Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 22, 2018
Sold by
Newcombe Kellie Jean and Kiech Jeannie Lee
Bought by
Latscha Patsy and The Patsy Latscha Trust

Purchase Details

Closed on
Dec 28, 2010
Sold by
Oconnor June Lee
Bought by
Oconnor June Lee and The June Lee Oconnor Trust

Purchase Details

Closed on
Nov 23, 2004
Sold by
Oconnor June Lee
Bought by
Oconnor June Lee and The Johnny Lee Oconnor & June Lee Oconno

Purchase Details

Closed on
Apr 21, 1998
Sold by
O Connor Johnny L and Lee June Lee
Bought by
Oconnor Johnny L and Oconnor June Lee
Source: Public Records

Similar Homes in Costa Mesa, CA

  • 778 Shalimar Dr, Costa Mesa, CA 92627

    $1,750,000

    • 2 Beds
    • 1 Bath
    • 3,390 Sq Ft
    • 778 Shalimar Dr
    • Costa Mesa, CA

    Less than two miles to the ocean, 4 plex directly facing a city park. All long term tenants in 100% 2 bed layouts. Street was closed off to through traffic and is in an opportunity zone. Bread and butter units always full. Walking distance to everything.

    Matthew Hoyt Hoyt Real Estate, Inc.

    Section Image
  • 132 E 18th St, Costa Mesa, CA 92627

    $1,875,000

    • 5 Beds
    • 3 Baths
    • 2,020 Sq Ft
    • 132 E 18th St
    • Costa Mesa, CA

    Great location with tons of opportunity! You can enjoy the current income, move into one of the units and use the income to help with your monthly payment, build more units, build your dream home - plenty of options.The property has been well maintained with strong operational history, and in this location is always very easy to rent.

    Chris Pettit Skyline Commercial Real Estate

    Section Image
  • 2110 Orange Ave, Costa Mesa, CA 92627

    $2,380,000

    • 3 Beds
    • 3 Baths
    • 1,980 Sq Ft
    • 2110 Orange Ave
    • Costa Mesa, CA

    Incredible Investment Opportunity – 3 Units + Bonus Parcel Included!Welcome to a truly rare and versatile opportunity in the heart of Southern California. This unique property offers three well-appointed residential units spread across two separate structures, making it ideal for investors, multi-generational living, or those seeking additional rental income.At the front of the property, you'll

    Brian Fox Keller Williams Legacy

    Section Image
  • 117 Clearbrook Ln, Costa Mesa, CA 92626

    $1,825,000

    • 3 Beds
    • 2 Baths
    • 3,326 Sq Ft
    • 117 Clearbrook Ln
    • Costa Mesa, CA

    This triplex offers an incredible opportunity with loyal tenants and good rental income in one of the most sought-after areas of Costa Mesa. Conveniently located directly across from the Fairgrounds and Vanguard University. With easy access to major attractions, shopping, dining, and public transportation, this property is ideally situated for convenience and comfort. The triplex consists of two

    Melissa Wiesen eXp Realty of California Inc

    Section Image
  • 1033 Valencia St, Costa Mesa, CA 92626

    $2,425,000

    • 3 Beds
    • 2 Baths
    • 4,671 Sq Ft
    • 1033 Valencia St
    • Costa Mesa, CA

    Introducing a rare opportunity in the heart of Costa Mesa, CA – a 4,671 SF fourplex featuring four generously-sized 3-bedroom/2-bathroom units. Elegantly built in 1964, this property has undergone recent interior and exterior renovations, ensuring a modern and inviting living experience for tenants. The community courtyard provides a tranquil outdoor space, while the inclusion of garages and

    Rick Applebaum Morgan Skenderian

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $2,200,000 Chicago Title
Interfamily Deed Transfer -- Wfg National Title Company
Grant Deed $657,500 Chicago Title Co
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $500,000 Construction
Previous Owner $255,000 New Conventional
Previous Owner $716,000 New Conventional
Previous Owner $250,000 New Conventional
Previous Owner $682,500 New Conventional
Previous Owner $585,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2024 06/27/24 Sold $2,200,000 0.0% $905 / Sq Ft
06/27/2024 06/27/24 Sold $2,200,000 -4.1% $905 / Sq Ft
05/02/2024 05/02/24 For Sale $2,295,000 0.0% $944 / Sq Ft
05/02/2024 05/02/24 For Sale $2,295,000 +249.0% $944 / Sq Ft
12/11/2018 12/11/18 Sold $657,500 0.0% $594 / Sq Ft
12/11/2018 12/11/18 Pending -- -- --
12/11/2018 12/11/18 For Sale $657,500 -- $594 / 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
2024 $12,174 $1,056,651 $845,576 $211,075
2023 $10,190 $884,340 $828,996 $55,344
2022 $9,912 $867,000 $812,741 $54,259
2021 $7,843 $677,597 $623,980 $53,617
2020 $7,754 $670,650 $617,582 $53,068
2019 $7,590 $657,500 $605,472 $52,028
2018 $1,241 $54,826 $23,724 $31,102
2017 $1,226 $53,751 $23,258 $30,493
2016 $1,207 $52,698 $22,802 $29,896
2015 $1,194 $51,907 $22,460 $29,447
2014 $1,173 $50,891 $22,020 $28,871
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP24078848

California Regional Multiple Listing Service (CRMLS)

APN: 424-202-11