NOT LISTED FOR SALE
4 Beds
3 Baths
3,488 Sq Ft
6,098 Sq Ft Lot

Last Sold April 03, 2015

Last sale price $1,020,250 $293 Per Sq Ft

35 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wood Fence
  • Horace Ensign Intermediate School Rated A
  • Landscaped
  • Wood Siding

About This Home

As of April 2015

Excellent 4 unit property in great rental area in Costa Mesa. Two of the units have 2 bedrooms and 1 bath and two units have 1 bedroom and 1 bath each. 2BR units have private enclosed patio. 1BR units have balconies. All units are currently occupied on a month to month basis with long term rental history. Rents for the units have not been increased recently. There are a total of 8 parking spots for the property; 4 individual garages accessible from the rear of the property and 4 off-street parking places in the front of the property. Coin-op laundry generates approx $250/month. Exterior was completely repainted, including waterproofing of all wood fences. Additional storage areas on property. Newer wood laminate flooring. Newer gas ranges in all units. New roof in 2007. All garages and electrical room brought up to code in 2013 with drywall, electrical and smoke alarms.

Last Agent to Sell the Property

Juli Auckerman

Pacific Sotheby's Int'l Realty License #01944568 Listed on: 01/15/2015

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

MaryLou AdameMartinez

Re/Max Coastal Homes License #01915255

Re/Max Coastal Homes

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 6,098 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Fence is in excellent condition
  • Landscaped

Parking

  • 4 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Property Attached
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,488 Sq Ft Home
  • 2-Story Property
  • Gas Range
  • Laundry Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 23
  • Tax Tract Number 62605
  • Assessor Parcel Number 42405303

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $480
  • Insurance Expense $1,500
  • Trash Expense $1,056
  • Water Sewer Expense $2,400
  • New Taxes Expense $10,054
  • Gross Income $5,190
  • Net Operating Income $46,790

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Inclusions: Gas ranges in each unit; washer and dryer in laundry room
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Parcel Number: 42405303
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 292.50

Exterior Features

  • Fencing: Wood, Excellent Condition
  • Pool Private: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Concrete, Garage Faces Rear
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Appliances: Gas Range
  • Laundry Features: Community
  • Trash Expense: 1056.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Landscaped
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 702
  • Average2 Bed Area: 988
  • Electric Expense: 480.00
  • Gross Income: 5190.00
  • Gross Scheduled Income: 62280.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 46790.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 1290.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 10054.00
  • Tax Lot: 23
  • Tax Tract Number: 62605
  • Tax Year: 2014

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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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
04/03/2015 04/03/15 Sold $1,020,250 -6.8% $293 / Sq Ft
02/19/2015 02/19/15 Pending -- -- --
01/15/2015 01/15/15 For Sale $1,095,000 -- $314 / 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 $14,326 $1,208,062 $1,076,959 $131,103
2024 $14,326 $1,184,375 $1,055,842 $128,533
2023 $13,900 $1,161,152 $1,035,139 $126,013
2022 $13,412 $1,138,385 $1,014,842 $123,543
2021 $12,954 $1,116,064 $994,943 $121,121
2020 $12,830 $1,104,621 $984,741 $119,880
2019 $12,586 $1,082,962 $965,432 $117,530
2018 $12,346 $1,061,728 $946,502 $115,226
2017 $12,135 $1,040,910 $927,943 $112,967
2016 $11,871 $1,020,500 $909,748 $110,752
2015 $10,293 $866,983 $757,928 $109,055
2014 $10,054 $850,000 $743,081 $106,919
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP15010045

California Regional Multiple Listing Service (CRMLS)

APN: 424-053-03