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125 E Bay St, Costa Mesa, CA 92627
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125 E Bay St Costa Mesa, CA 92627

$1,500,000 Sold Price as of 09/16/2019
  • 8 Beds
  • 4 Baths
  • 3,150 Sq.Ft.
Sold
$1,500,000 Sold Price as of 09/16/2019 Refinance Your Mortgage
Map preview of 125 E Bay St, Costa Mesa, CA 92627

Property Overview: 125 E Bay St Costa Mesa, CA has 8 bedrooms, 4 bathrooms, 3,150 living square feet and 6,098 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The E. Bay fourplexes consist of three adjacent 4 unit investment properties all with separate APNs. The addresses are 117, 121, and 125 E. Bay Street and are situated in one of the most desirable rental markets, “Eastside Costa Mesa”. Each building features four 2 bedroom / 1 bathroom units which are all separately metered for gas/electricity, and are approximately 787 square feet in size. Tenants benefit from on-site laundry, covered garages, close proximity to freeways, beaches, and all the shopping and entertainment 17th street has to offer. This is an amazing opportunity for the savvy investor to acquire three side by side multi-family apartment buildings that are fully leased and offers the opportunity to increase rents and improve on the current cap rate. 121 and 125 E. Bay must be sold together. Don’t miss out on this opportunity.

Listed by Timothy Carr | BRE #01017277 | Villa Real Estate
Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 110

Home details

Lot Sq. Ft
6,098
HOA Dues
$0/mo
Year built
1963
Garage
4 Car
Property Type:
Fourplex
Status
Sold
MLS#
NP19066132
City
Costa Mesa
County
Orange
Time on Site
1399 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $1,950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $87,600
  • Net Operating Income: $0
  • Gross Operating Income: --
  • Laundry Income: $1,400
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $16,748
  • Trash: $0
  • Insurance: $1,500
  • Water/Sewer: $0

Property Details for 125 E Bay St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area, Community, Individual Room
Interior Features
  • Levels: Two
  • Window Features: Double Pane Windows
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: Sprinkler System
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 42618109
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Eastside Central (ECCM)
  • Directions: Orange Ave to E. Bay
Neighborhood Information
  • Community Features: Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Costa Mesa Agent

Sale History for 125 E Bay St

Last sold for $1,495,500 on September 16th, 2019

  • September, 2019

  • Sep 17, 2019

    Date

    Sold

    CRMLS: NP19066132

    $1,500,000

    Price

  • Sep 10, 2019

    Date

    Pending

    CRMLS: NP19066132

    $1,595,000

    Price

  • Jul 20, 2019

    Date

    Active Under Contract

    CRMLS: NP19066132

    $1,595,000

    Price

  • Mar 28, 2019

    Date

    Active

    CRMLS: NP19066132

    $1,595,000

    Price

  • September, 2019

  • Sep 16, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,495,500

    Price

  • August, 2013

  • Aug 20, 2013

    Date

    Sold (Public Records)

    Public Records

    $500

    Price

Show More

Tax History for 125 E Bay St

Assessed Value (2020): $1,159,955
Year Land Value Improved Value Assessed Value
2020 $1,078,758 $81,197 $1,159,955

Home Value Compared to the Market

This property vs the competition

125 E Bay St sold on September 16, 2019 for 16.42% higher than the current median sold price for the city of Costa Mesa which is $1,370,000. The median sold price per/sqft for Costa Mesa is $783 and this home is sold at $506.35 per/sqft which puts the price per square foot 35.33% lower than the current median sale per square foot for the city of Costa Mesa.

About 125 E Bay St

Detailed summary of property

125 E Bay St is a fourplex that recently sold in Costa Mesa, CA 92627. This fourplex offered 8 bedrooms, 4 bathrooms, roughly 3,150 living square feet, and sits on an approximately 6,098 square foot lot. 125 E Bay St was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $1,500,000. Home in Costa Mesa are selling for a median price of $1,370,000 and a median price per square foot of $783. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is sold 16.42% higher than the current median priced home. Local homes that are currently for sale include 310 E Wakefield Ave, 357 Mermaid St and 357 Mermaid St. While the average home in Costa Mesa, CA is selling in 33 days, 125 E Bay St has a days on market of 110 days. There are currently 114 homes for sale in the Costa Mesa real estate market and 88 of them are single family homes while 10 of them are condos and 16 are townhomes. For more information on this home for sale at 125 E Bay St Costa Mesa, CA 92627 contact Ardent Real Estate Group and we will put you in touch with one of our Costa Mesa agents.

Public Facts for 125 E Bay St

Public county record property details
Beds
--
Baths
--
Year built
1963
Sq. Ft.
3,123
Lot Size
6,362
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
221
APN
426-181-09

The source for these homes facts are from public records.

92627 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,495,000
Median List Price/Sq.Ft.
$852
Median Sold Price
$1,500,000
Median Sold Price/Sq.Ft.
$788
Total Inventory
65
Median Sale to List Price %
100%
Avg Days on Market
28
Loan Type
Conventional (44.44%), FHA (0%), VA (0%), Cash (38.89%), Other (16.67%)

Thinking of Selling?

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Recently Sold Homes Near 125 E Bay St

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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