NOT LISTED FOR SALE
10 Beds
6 Baths
3,748 Sq Ft
7,290 Sq Ft Lot

Sale Details

Date Sold: February 14, 2019

Last sale price $1,293,000 $345 Per Sq Ft

6 Days on Market

Highlights

  • Property is near park
  • Main Floor Bedroom
  • No HOA
  • Horace Ensign Intermediate School Rated A
  • Lawn
  • Neighborhood Views

About This Home

As of February 2019

Great multifamily opportunity ideally located in central Orange County with close proximity to the beach, The Triangle, South Coast Plaza and 17th Street boutiques and restaurants. This high demand area is perfect for an investor motivated to acquire in a strong rental market like Costa Mesa. This property is comprised of two 3 bed/1.5 bath units and two 2 bed/ 1 bath units each with a private patio or balcony. The building also provides 4 covered carport parking spots which are off the street towards the back of the property. Two additional parking spots are adjacent to tenant parking and available for guests. Nearby is a neighborhood park to enjoy. Don't miss this shining opportunity.

Last Agent to Sell the Property

Ed Kaminsky

eXp Realty of California, Inc License #00958114 Listed on: 01/08/2019

eXp Realty of California, Inc

Last Buyer's Agent

Amin Zameni

Regency Real Estate Brokers License #00825621

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 7,290 Sq Ft Lot
  • Two or More Common Walls
  • Cul-De-Sac
  • Rectangular Lot
  • Lawn
  • Front Yard

Home Design

  • Property Attached

Interior Spaces

  • 3,748 Sq Ft Home
  • 2-Story Property
  • Sliding Doors
  • Living Room
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Main Floor Bedroom
  • 6 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Detached Carport Spaces
  • Parking Available
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near park
  • Suburban Location

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 3517
  • Assessor Parcel Number 42405403

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,025
  • Maintenance Expense $3,100
  • Other Expense $5,945
  • New Taxes Expense $14,974
  • Operating Expense $27,233
  • Gross Income $93,258
  • Net Operating Income $66,025

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

7,290 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • CapRate: 4.60
  • Property Attached: Yes
  • Subdivision Name Other: /
  • View: Yes
  • Property Type: Residential Income
  • Parcel Number: 42405403
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Door Features: Sliding Doors
  • Levels: Two
  • Price Per Square Foot: 344.98
  • Room Type: Kitchen, Living Room, Main Floor Bedroom

Exterior Features

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

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Detached Carport, Off Street
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Front Yard, Lawn, Lot 6500-9999, Rectangular Lot, Park Nearby
  • Lot Size Sq Ft: 7290.00
  • Lot Size Acres: 0.1674

Multi Family

  • Gross Income: 93258.00
  • Gross Multiplier: 15.13
  • Gross Operating Income: 93258.00
  • Gross Scheduled Income: 94200.00
  • Insurance Expense: 2025.00
  • Lot Size Area: 7290.0000 Square Feet
  • Maintenance Expense: 3100.00
  • Net Operating Income: 66025.00
  • 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: 27233.00
  • Operating Expense Percent: 28.90
  • Other Expense: 5945.00
  • Other Expense Description: Utilitie
  • Rent Control: No
  • Total Actual Rent: 7700.00
  • Total Expenses: 27233.00

Tax Info

  • New Taxes Expense: 14974.00
  • Tax Area: 15015
  • Tax Census Tract: 636.05
  • Tax Lot: 20
  • Tax Tract Number: 3517

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
May 13, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,275,000
Interest Rate
0.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,275,000
Interest Rate
0.03%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 8, 2019
Closed on
Feb 15, 2019
Sold by
Bought by
Seller's Agent
Ed Kaminsky
eXp Realty of California, Inc
Buyer's Agent
Amin Zameni
Regency Real Estate Brokers
List Price
$1,425,000
Sold Price
$1,293,000
Premium/Discount to List
-$132,000
-9.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,450
Interest Rate
0.039%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 8, 2019
Closed on
Jan 17, 2019
Sold by
Bought by
Seller's Agent
Ed Kaminsky
eXp Realty of California, Inc
Buyer's Agent
Amin Zameni
Regency Real Estate Brokers
List Price
$1,425,000
Sold Price
$1,293,000
Premium/Discount to List
-$132,000
-9.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,450
Interest Rate
0.039%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 11, 2013
Closed on
Apr 15, 2013
Sold by
Bought by
Seller's Agent
Lily Labash
Barnes Realty Group
Buyer's Agent
Lily Labash
Barnes Realty Group
List Price
$929,000
Sold Price
$929,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.91%
Original Mortgage
$748,000
Interest Rate
0.0354%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
0.0605%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 15, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
0.0619%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 3, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
0.0619%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 13, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
0.0737%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 9, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,000
Interest Rate
0.0225%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 5, 1996
Sold by
Bought by

Purchase Details

Closed on
Mar 27, 1996
Sold by
Bought by

Purchase Details

Closed on
Aug 22, 1995
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- Orange Coast Ttl Co Of Socal
$1,700,000 Orange Coast Ttl Co Of Socal
-- None Available
$1,293,000 Lawyers Title Company
$935,000 First American Title
$850,000 Multiple
-- New Century Title Company
-- None Available
$895,000 Ticor Title Orange
$860,000 Orange Coast Title
$200,000 Fidelity Title
$212,500 Continental Lawyers Title Co
-- --
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
Closed $1,275,000
Closed $840,450
Closed $748,000
Closed $680,000
Closed $200,000
Closed $805,000
Closed $735,000
Closed $210,000
Closed $650,000
Closed $588,000
Closed $160,000
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 Prior Sale
02/14/2019 02/14/19 Sold $1,293,000 -9.3% $345 / Sq Ft
01/14/2019 01/14/19 Pending -- -- --
01/08/2019 01/08/19 For Sale $1,425,000 +53.4% $380 / Sq Ft
05/15/2013 05/15/13 Sold $929,000 0.0% $248 / Sq Ft View Prior Sale
05/15/2013 05/15/13 Pending -- -- --
03/11/2013 03/11/13 For Sale $929,000 -- $248 / 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
2025 $20,847 $1,840,134 $1,623,649 $216,485
2024 $20,847 $1,804,053 $1,591,812 $212,241
2023 $20,268 $1,768,680 $1,560,600 $208,080
2022 $19,677 $1,734,000 $1,530,000 $204,000
2021 $15,231 $1,332,523 $1,232,244 $100,279
2020 $15,086 $1,318,860 $1,219,609 $99,251
2019 $12,052 $1,032,150 $551,954 $480,196
2018 $11,822 $1,011,912 $541,131 $470,781
2017 $11,621 $992,071 $530,521 $461,550
2016 $11,369 $972,619 $520,119 $452,500
2015 $11,254 $958,010 $512,306 $445,704
2014 $10,992 $939,244 $502,270 $436,974
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18256725

California Regional Multiple Listing Service (CRMLS)

APN: 424-054-03

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