NOT LISTED FOR SALE

Costa Mesa, CA 92627

Downtown Costa Mesa Neighborhood
6 Beds
3 Baths
3,055 Sq Ft
0.26 Acres

Last Sold October 11, 2019

Last sale price $999,000 $327 Per Sq Ft

3 Days on Market

Highlights

  • No Units Above
  • Property is near a park
  • Laundry Room
  • Horace Ensign Intermediate School Rated A
  • Cul-De-Sac
  • 3-minute walk to Lions Park

About This Home

As of October 2019

Triplex located in a strong Westside Costa Mesa rental market with close proximity to the beach, parks, The Triangle, South Coast Plaza, boutiques and restaurants. This property consists of a 2 bed/1 bath house with a single car attached garage in the front. There is a duplex in the back with two 2 bed/1 bath units, lower middle unit has a private rear patio and upper unit has a balcony and rear parking. There is a two car garage and storage attached to the duplex. Exterior was recently painted. Long term tenants, most of the interiors are near original and will need a complete rehab to bring rents to market. Property to be sold in its "AS-IS" present condition. No Termite/No Repairs.

Last Agent to Sell the Property

John Lembeck

Citivest Realty Services, Inc License #01020312 Listed on: 06/25/2019

Last Buyer's Agent

Mike Lembeck

Citivest Realty Services, Inc License #01019397

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.26 Acre Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Cul-De-Sac
  • Back Yard

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 3,055 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Property is near a park

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 1148
  • Assessor Parcel Number 42424114

Community Details

Overview

  • Property has a Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,009
  • Maintenance Expense $6,000
  • Water Sewer Expense $1,067
  • New Taxes Expense $10,489
  • Operating Expense $20,565
  • Gross Income $58,782
  • Net Operating Income $47,026

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1067.00
  • Property Type: Residential Income
  • Parcel Number: 42424114
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Levels: Two
  • Price Per Square Foot: 327.00

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Cul-De-Sac, Park Nearby
  • Lot Size Sq Ft: 11326.00
  • Lot Size Acres: 0.2600
  • Latitude Manual: 33.64031000

Multi Family

  • Gross Operating Income: 58782.00
  • Gross Scheduled Income: 60600.00
  • Insurance Expense: 3009.00
  • Lot Size Area: 11326.0000 Square Feet
  • Maintenance Expense: 6000.00
  • Net Operating Income: 47026.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 11756.00
  • Operating Expense Percent: 20.00
  • Rent Control: No
  • Total Expenses: 20565.00
  • Vacancy Allowance: 1818
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 10489.00
  • Tax Census Tract: 636.05
  • Tax Lot: 9
  • Tax Tract Number: 1148

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
10/11/2019 10/11/19 Sold $999,000 0.0% $327 / Sq Ft
06/28/2019 06/28/19 Pending -- -- --
06/25/2019 06/25/19 For Sale $999,000 -- $327 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • John Lembeck

    Seller's Agent in 2019

    John Lembeck

    Citivest Realty Services, Inc

    (714) 553-2001

    9 Total Sales

    John Lembeck
    Section Image
  • Mike Lembeck

    Buyer's Agent in 2019

    Mike Lembeck

    Citivest Realty Services, Inc

    (714) 742-3700

    6 Total Sales

    Mike Lembeck
    Section Image
See All Agents

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19147657

California Regional Multiple Listing Service (CRMLS)

APN: 424-241-14

California Orange County Costa Mesa 92627

Downtown Costa Mesa

This home since 25 June 2019. This property was built in 1964. This home is a home located in Orange County with nearby schools including Everett A. Rea Elementary School, Horace Ensign Intermediate School, and Newport Harbor High School.

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.

California Regional Multiple Listing Service (CRMLS) 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

Nearby Homes