A
Seller's Agent in 2020
Amy Baumgartner
Compass
(949) 933-4181
18 Total Sales
969 Mission Dr Costa Mesa, CA 92626
6
Beds
7
Baths
4,072
Sq Ft
7,983
Sq Ft Lot
Highlights
- Corner Lot
- No HOA
- Laundry Room
- Costa Mesa High School Rated A-
- Neighborhood Views
- Tile Flooring
About This Home
As of July 2020Great investment opportunity for this 4-unit apartment building exceptionally located on a quiet corner in a desirable West Costa Mesa neighborhood with historically low vacancy rates. The building consists of one 3 bed, 2.5 bath unit, one 2 bed, 1.5 bath unit , one 1 bed, 1 bath unit, and one studio. The units are spacious with functional floor plans and feature a large outdoor landscaped entertainment area for residence enjoyment. Roof was replaced and new windows installed approximately 3 years ago. Units have separate gas and electric meters and the water heater was replaced in January of this year.
Additionally, there are 6 garages coupled with storage and washer, dryer facilities for use by the tenants. This building is located in an excellent rental location with long term month-to-month tenants allowing an investor the opportunity to increase rents per current guidelines. Located off of Baker Street and situated near South Coast Plaza, Orange Coast College, multiple retail shopping center destinations, and with close proximity to 73, 405 and 55 freeways. This property is centrally located offering easy access to many amenities.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 7,983 Sq Ft Lot
- Two or More Common Walls
- Landscaped
- Corner Lot
Parking
- 6 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Property Attached
- Slab Foundation
- Composition Roof
- Stucco
Interior Spaces
- 4,072 Sq Ft Home
- 2-Story Property
- Neighborhood Views
- Laundry Room
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 7 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Additional Features
- Exterior Lighting
- Suburban Location
- Water Heater
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, telephone
- Tax Lot 26
- Tax Tract Number 5011
- Assessor Parcel Number 14166424
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- Rent Control
- 5 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $300
- Insurance Expense $1,800
- Professional Management Expense $6,000
- Trash Expense $3,000
- Water Sewer Expense $1,956
- New Taxes Expense $16,445
- Operating Expense $29,500
- Gross Income $78,700
- Net Operating Income $49,327
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/27/2020 07/27/20 | Sold | $1,350,000 | -6.8% | $332 / Sq Ft |
| 07/15/2020 07/15/20 | Pending | -- | -- | -- |
| 05/28/2020 05/28/20 | Price Changed | $1,449,000 | -3.1% | $356 / Sq Ft |
| 04/29/2020 04/29/20 | For Sale | $1,495,000 | -- | $367 / 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 | $16,937 | $1,461,282 | $1,298,918 | $162,364 |
| 2024 | $16,937 | $1,432,630 | $1,273,449 | $159,181 |
| 2023 | $16,450 | $1,404,540 | $1,248,480 | $156,060 |
| 2022 | $15,921 | $1,377,000 | $1,224,000 | $153,000 |
| 2021 | $15,414 | $1,350,000 | $1,200,000 | $150,000 |
| 2020 | $2,903 | $161,845 | $54,426 | $107,419 |
| 2019 | $2,867 | $158,672 | $53,359 | $105,313 |
| 2018 | $2,822 | $155,561 | $52,312 | $103,249 |
| 2017 | $2,780 | $152,511 | $51,286 | $101,225 |
| 2016 | $2,728 | $149,521 | $50,280 | $99,241 |
| 2015 | $2,694 | $147,276 | $49,525 | $97,751 |
| 2014 | $2,634 | $144,392 | $48,555 | $95,837 |
Source: Public Records
Agents Affiliated with this Home
-
Amy Baumgartner
-
Cari Young
Seller Co-Listing Agent in 2020
Cari Young
Compass
(949) 290-5906
53 Total Sales
-
NoEmail NoEmail
N
Buyer's Agent in 2020
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
6,304 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP20082581
APN: 141-664-24
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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