NOT LISTED FOR SALE
10 Beds
6 Baths
3,749 Sq Ft
7,514 Sq Ft

Last Sold July 08, 2021

Last sale price $1,640,000 $437 Per Sq Ft

66 Days on Market

Highlights

  • No HOA
  • Living Room
  • Landscaped
  • Horace Ensign Intermediate School Rated A
  • Laundry Room
  • Central Heating

About This Home

As of July 2021

Costa Mesa fourplex with an amazing residential income opportunity. This multi-family boasts 4 units with different floorplans. Two units consist of 3 bedrooms, 1.5 bathrooms. The other two units offer 2 bedrooms and 1 bathroom. All units are tenant occupied. 4 parking spaces provided via the shared garages. Newer windows, decks, railing, picket fence, vinyl plank floors, and baseboards are featured throughout the units. 4 carport spaces and 4 uncovered spaces are also included in the home. Drive-by and see the potential! Please do not disturb tenants. Minutes away from the 55 FWY, Newport State Beach, and lots of shopping/entertainment centers and eateries.

Last Agent to Sell the Property

Elizabeth Do

Keller Williams Realty License #01473012 Listed on: 04/01/2021

Keller Williams Realty

Last Buyer's Agent

Elizabeth Do

Keller Williams Realty License #01473012 Listed on: 04/01/2021

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 7,514 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Paved or Partially Paved Lot
  • Front Yard

Home Design

  • Quadruplex

Interior Spaces

  • 3,749 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Laminate Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Open Parking Spaces
  • 8 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Exterior Lighting
  • Central Heating

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 15015
  • Assessor Parcel Number 42405408

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,800
  • Trash Expense $1,500
  • Water Sewer Expense $1,723
  • New Taxes Expense $18,425
  • Operating Expense $23,448
  • Gross Income $88,035
  • Net Operating Income $64,587

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

7,514 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1722.70
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 42405408
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Levels: Two
  • Price Per Square Foot: 437.45
  • Room Type: Kitchen, Living Room

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Paved
  • Lot Size Sq Ft: 7514.00
  • Lot Size Acres: 0.1725

Multi Family

  • Gross Income: 88035.00
  • Gross Scheduled Income: 88035.00
  • Insurance Expense: 1800.00
  • Laundry Income: 75.00
  • Lot Size Area: 7514.0000 Square Feet
  • Net Operating Income: 64587.30
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 23447.70
  • Rent Control: No
  • Total Expenses: 23447.70

Tax Info

  • New Taxes Expense: 18425.00
  • Tax Census Tract: 636.05
  • Tax Lot: 15
  • Tax Tract Number: 15015
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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 Prior Sale
07/08/2021 07/08/21 Sold $1,640,000 -2.1% $437 / Sq Ft
06/07/2021 06/07/21 Pending -- -- --
05/21/2021 05/21/21 For Sale $1,675,000 0.0% $447 / Sq Ft
05/17/2021 05/17/21 Pending -- -- --
04/01/2021 04/01/21 For Sale $1,675,000 +14.8% $447 / Sq Ft
09/28/2018 09/28/18 Sold $1,459,000 0.0% $389 / Sq Ft View Prior Sale
08/30/2018 08/30/18 Pending -- -- --
07/24/2018 07/24/18 For Sale $1,459,000 +24.2% $389 / Sq Ft
06/13/2018 06/13/18 Sold $1,175,000 +2.2% $313 / Sq Ft View Prior Sale
06/05/2018 06/05/18 Pending -- -- --
06/01/2018 06/01/18 For Sale $1,150,000 -- $307 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $19,818 $1,740,381 $1,485,692 $254,689
2024 $19,818 $1,706,256 $1,456,560 $249,696
2023 $19,263 $1,672,800 $1,428,000 $244,800
2022 $18,688 $1,640,000 $1,400,000 $240,000
2021 $17,031 $1,503,597 $1,339,737 $163,860
2020 $16,869 $1,488,180 $1,326,000 $162,180
2019 $16,539 $1,459,000 $1,300,000 $159,000
2018 $2,704 $144,171 $50,233 $93,938
2017 $2,664 $141,345 $49,248 $92,097
2016 $2,615 $138,574 $48,282 $90,292
2015 $2,582 $136,493 $47,557 $88,936
2014 $2,525 $133,820 $46,626 $87,194
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21066650

California Regional Multiple Listing Service (CRMLS)

APN: 424-054-08

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