NOT LISTED FOR SALE
7 Beds
6 Baths
4,140 Sq Ft
6,098 Sq Ft Lot

Last Sold October 20, 2022

Last sale price $1,450,000 $350 Per Sq Ft

5 Days on Market

Highlights

  • No HOA
  • Cul-De-Sac
  • Wood Fence
  • Paularino Elementary School Rated A-
  • Laundry Room
  • 3-minute walk to Paularino Park

About This Home

As of October 2022

This is an amazing opportunity to own 3 units in a great location. The triplex is located 3/4 mile from South Coast Plaza, 2 miles from John Wayne airport, close to Orange Coast College and the 405 / 73 / and 55 freeways. The property consists of a single story, 3 bedroom, 2 full baths unit in the front. Two 2-story townhouse style units with 2 bedrooms, 1 full bath and 1 half bath in the rear with approximately 3,552 total rentable square feet. Each unit has its own patio, garage and interior laundry. Exterior has been newly painted. Newer building than others in the neighborhood. Other triplexes in the tract are not as large (no 3 bedrooms.) Almost never a vacancy, with long term tenants. Please drive by only, do not walk the property or contact any tenants. Interior inspection with accepted offer. Lot size per assessor records.

Last Listed By

Lyn Janota

William Kennedy And Associates License #01944862 Listed on: 08/10/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50x120
  • Two or More Common Walls
  • Cul-De-Sac
  • Wood Fence
  • Level Lot
  • Front Yard

Parking

  • 3 Car Garage
  • 1 Open Parking Space
  • Parking Available
  • Rear-Facing Garage
  • Off-Street Parking

Home Design

  • Triplex
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,140 Sq Ft Home
  • 2-Story Property

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 7
  • Tax Tract Number 4281
  • Assessor Parcel Number 14113417
  • $912 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Mesa North Subdivision

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $975
  • Insurance Expense $1,858
  • Other Expense $49
  • Pest Control $630
  • Professional Management Expense $4,570
  • Trash Expense $1,601
  • Water Sewer Expense $1,568
  • Operating Expense $11,251
  • Gross Income $70,344
  • Net Operating Income $51,844

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 483333
  • Professional Management Expense: 4570.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Mesa North (MENO)
  • View: No
  • Water Sewer Expenses: 1568.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 975.00
  • Parcel Number: 14113417
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 350.24

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear, Off Street
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Water Heater
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Pest Control Expense: 630.00
  • Sewer: Public Sewer
  • Trash Expense: 1601.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Front Yard, Level
  • Lot Size: 50x120
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400
  • Latitude Manual: 33.68129200

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 1100 Square Feet
  • Average3 Bed Area: 1352 Square Feet
  • Gross Income: 70344.00
  • Gross Scheduled Income: 70344.00
  • Insurance Expense: 1858.00
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 51844.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Operating Expense: 18500.00
  • Other Expense: 49.00
  • Other Expense Description: bus lic.
  • Rent Control: No
  • Total Actual Rent: 70344.00
  • Total Expenses: 11251.00

Tax Info

  • Tax Area: 15005
  • Tax Census Tract: 639.03
  • Tax Lot: 7
  • Tax Tract Number: 4281
  • TaxOtherAnnualAssessmentAmount: 912.00

Range of Values:

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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 Change Sq Ft Price
10/20/2022 10/20/22 Sold $1,450,000 0.0% $350 / Sq Ft
08/15/2022 08/15/22 Pending -- -- --
08/10/2022 08/10/22 For Sale $1,450,000 -- $350 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP22154335

California Regional Multiple Listing Service (CRMLS)

APN: 141-134-17