NOT LISTED FOR SALE
8 Beds
4 Baths
3,390 Sq Ft
8,276 Sq Ft Lot

Last Sold January 06, 2023

Last sale price $1,540,000 $454 Per Sq Ft

27 Days on Market

Highlights

  • Traditional Architecture
  • Main Floor Bedroom
  • No HOA
  • Horace Ensign Intermediate School Rated A
  • Granite Countertops
  • Galley Kitchen

About This Home

As of January 2023

Lowest priced four unit income property in Costa Mesa or Huntington Beach. Great cash flow, fully occupied with reliable long term tenants. Each unit is two bedrooms and one bathroom and patio. Two upper and two lower units, four car detached garage, attached laundry room. Great location closet to Triangle Square and Newport Beach. Exterior recently painted and other improvements made.

Last Agent to Sell the Property

Tony Bartos

Pacific Sotheby's Int'l Realty License #01207153 Listed on: 11/08/2022

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Tyler Rogina

Compass License #01925584

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 8,276 Sq Ft Lot
  • No Common Walls
  • East Facing Home
  • Wrought Iron Fence
  • Block Wall Fence
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex
  • Traditional Architecture
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,390 Sq Ft Home
  • 2-Story Property
  • Living Room

Kitchen

  • Galley Kitchen
  • Gas Range
  • Range Hood
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Main Floor Bedroom
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 10
  • Tax Tract Number 3517
  • Assessor Parcel Number 42405130
  • $12,981 per year additional tax assessments

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 $2,400
  • Gardener Expense $2,400
  • Insurance Expense $2,657
  • Other Expense $2,400
  • Trash Expense $2,172
  • Water Sewer Expense $3,300
  • Operating Expense $15,329
  • Gross Income $93,600
  • Net Operating Income $78,271

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 397500
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 3300.00
  • Zoning: R3
  • Architectural Style: Traditional
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 42405130
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 454.28
  • Room Type: Galley Kitchen, Living Room, Main Floor Bedroom

Exterior Features

  • Direction Faces: East
  • Foundation: Slab
  • Fence: Yes
  • Fencing: Block, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Range Hood, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Individual Room, Outside
  • Sewer: Public Sewer
  • Trash Expense: 2172.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 2400.00
  • Gross Income: 93600.00
  • Gross Operating Income: 93600.00
  • Gross Scheduled Income: 93600.00
  • Insurance Expense: 2657.00
  • Lot Size Area: 8276.0000 Square Feet
  • Net Operating Income: 78271.00
  • 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 Dishwasher: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 15329.00
  • Other Expense: 2400.00
  • Other Expense Description: Gas
  • Rent Control: No
  • Total Expenses: 15329.00

Tax Info

  • Tax Census Tract: 636.05
  • Tax Lot: 10
  • Tax Tract Number: 3517
  • TaxOtherAnnualAssessmentAmount: 12981.00

Range of Values:

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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 Change Sq Ft Price
01/06/2023 01/06/23 Sold $1,540,000 -3.1% $454 / Sq Ft
12/05/2022 12/05/22 Pending -- -- --
11/08/2022 11/08/22 For Sale $1,590,000 +64.1% $469 / Sq Ft
01/13/2015 01/13/15 Sold $969,000 +7.7% $286 / Sq Ft
12/18/2014 12/18/14 Pending -- -- --
12/11/2014 12/11/14 For Sale $900,000 -- $265 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP22237643

California Regional Multiple Listing Service (CRMLS)

APN: 424-051-30