NOT LISTED FOR SALE
8 Beds
4 Baths
3,400 Sq Ft
6,970 Sq Ft Lot

Sale Details

Date Sold: December 14, 2015

Last sale price $950,000 $279 Per Sq Ft

67 Days on Market

Highlights

  • Granite Countertops
  • No HOA
  • Living Room
  • Horace Ensign Intermediate School Rated A
  • Bay Window
  • 4 Detached Carport Spaces

About This Home

As of December 2015

Fully occupied 4 unit Costa Mesa investment property. The well maintained units have half repiped copper plumbing, modern wiring, major wood replacement done in 2003 & 2007, new tankless water heaters, granite counters in 2 units, newer partial roof replaced in 2007, bay window, bathroom exhaust fans, utility/community laundry room available but not currently used, flagstone encased front door entry to each unit plus so much more. Each unit is 2 bedrooms and 1 bathroom and either an open or enclosed patio. Proforma rents of $1600+ are found in the neighborhood bringing the Gross Scheduled Income to $76,800. Rents were not increased at all this year. Owner pays no gas expense. Low maintenance costs and reliable tenants.

Last Agent to Sell the Property

Robert Van Der Goes

Seven Gables Real Estate License #01413282 Listed on: 09/08/2015

Seven Gables Real Estate

Last Buyer's Agent

Andrew Nguyen

Andrew Nguyen, Broker License #01296884

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 6,970 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Level Lot
  • Density is 2-5 Units/Acre

Home Design

  • Composition Roof
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 3,400 Sq Ft Home
  • 2-Story Property
  • Bay Window
  • Living Room
  • Washer and Gas Dryer Hookup

Kitchen

  • Built-In Range
  • Granite Countertops
  • Tile Countertops

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 10 Parking Spaces
  • 4 Detached Carport Spaces
  • Parking Available

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, gas, repairs
  • Tax Lot 1
  • Tax Tract Number 3517
  • Assessor Parcel Number 42405117

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Gardener Expense $1,200
  • Insurance Expense $540
  • Trash Expense $3,400
  • Water Sewer Expense $2,600
  • New Taxes Expense $2,400
  • Gross Income $6,000
  • Net Operating Income $63,900

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 2600.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 42405117
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters, Copper Plumbing Partial, Tile Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 279.41
  • Room Type: Living Room
  • Window Features: Bay Window(s)

Exterior Features

  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport, Detached Carport
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Natural Gas Available, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Gas Dryer Hookup, Washer Hookup
  • Trash Expense: 3400.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 2-5 Units/Acre, Level, Lot 6500-9999
  • Lot Size Sq Ft: 6970.00
  • Price Per Lot Square Foot: 136.30
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: Cable TV, Gas, Repairs

Multi Family

  • Average2 Bed Area: 850
  • Electric Expense: 360.00
  • Gross Income: 6000.00
  • Gross Scheduled Income: 72000.00
  • Insurance Expense: 540.00
  • Lot Size Area: 6970.0000 Square Feet
  • Net Operating Income: 63900.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 8100.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2400.00
  • Tax Lot: 1
  • 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
Apr 30, 2020
Sold by
Bought by

Purchase Details

Listed on
Sep 8, 2015
Closed on
Nov 3, 2015
Sold by
Bought by
Seller's Agent
Robert Van Der Goes
Seven Gables Real Estate
Buyer's Agent
Andrew Nguyen
Andrew Nguyen, Broker
List Price
$990,000
Sold Price
$950,000
Premium/Discount to List
-$40,000
-4.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,500
Interest Rate
3.71%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Westside Costa Mesa, CA

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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
-- None Available
$950,000 First American Title Company
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
Previous Owner $712,500
Previous Owner $408,000
Previous Owner $417,000
Previous Owner $100,000
Previous Owner $300,000
Previous Owner $28,125
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
12/14/2015 12/14/15 Sold $950,000 -4.0% $279 / Sq Ft
11/14/2015 11/14/15 Pending -- -- --
09/08/2015 09/08/15 For Sale $990,000 -- $291 / 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
2026 $13,768 $1,147,096 $1,047,332 $99,764
2025 $13,465 $1,124,604 $1,026,796 $97,808
2024 $13,465 $1,102,553 $1,006,662 $95,891
2023 $13,059 $1,080,935 $986,924 $94,011
2022 $12,585 $1,059,741 $967,573 $92,168
2021 $12,143 $1,038,962 $948,601 $90,361
2020 $12,027 $1,028,309 $938,874 $89,435
2019 $11,799 $1,008,147 $920,465 $87,682
2018 $11,575 $988,380 $902,417 $85,963
2017 $11,378 $969,000 $884,722 $84,278
2016 $11,131 $950,000 $867,374 $82,626
2015 $2,536 $132,122 $47,560 $84,562
2014 $2,480 $129,534 $46,628 $82,906
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15200172

California Regional Multiple Listing Service (CRMLS)

APN: 424-051-17

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