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131 Clearbrook Ln, Costa Mesa, CA 92626
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131 Clearbrook Ln Costa Mesa, CA 92626

$1,580,000 Sold Price as of 01/03/2022
  • 4 Beds
  • 3 Baths
  • 2,528 Sq.Ft.
Sold
$1,580,000 Sold Price as of 01/03/2022 Refinance Your Mortgage
Map preview of 131 Clearbrook Ln, Costa Mesa, CA 92626

Property Overview: 131 Clearbrook Ln Costa Mesa, CA has 4 bedrooms, 3 bathrooms, 2,528 living square feet and 8,276 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Rare opportunity to acquire a well-maintained, single-level triplex with chic curb appeal in the heart of Costa Mesa. First time on the market in over 43 years. These bungalow-style units consist of one 2-Bedroom unit and two 1-Bedroom units. Located at the end of a cul-de-sac on a tree-lined street, the property exudes character and charm. Each unit offers exposed wood beam ceilings, large living rooms, spacious master bedrooms and sizable private patios. The two-bedroom unit also enjoys a cozy fireplace, walk-in closet, dual vanities and laundry. There are three garages that can be rented out separately to generate additional income, along with ample off-street private parking at the rear of the property. Excellent long-time tenants are currently month-to-month and would like to renew their leases. Current rents are below market with upswing potential. Great opportunity for an owner/user or for an investor to add value and increase GSI. Tenant demand is very strong due to the location and the uniqueness of the property. Stroll to OCC, Vanguard University, Orange County Fairgrounds, and Costa Mesa City Hall. Just minutes from local beaches, Triangle Square, 17th Street shops & restaurants, South Coast Plaza and UC Irvine. Easy Freeway access to the 405, 55, and 73. Drive by and see the potential. Please do not disturb tenants. The adjacent duplex located at 129 Clearbrook Lane is also available for purchase.

Listed by Brad Hinman | BRE #01186277 | Compass
Co-listed by Jennifer Stock | BRE #01427320 | Compass
Last checked: 4 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
8,276
HOA Dues
$0/mo
Year built
1964
Garage
3 Car
Property Type:
Triplex
Status
Sold
MLS#
NP21251803
City
Costa Mesa
County
Orange
Time on Site
1032 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # 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: $1,737
  • Total Rent: $1,737
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,629
  • Total Rent: $1,629
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,629
  • Total Rent: $1,629
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $61,740
  • Net Operating Income: $38,984
  • Gross Operating Income: --
  • # of Rented Garages: 1
  • Garage Rental Rate: $150
  • Garage Rental Income: $1,800
Annual Expense Breakdown
  • Total Operating Expense: $22,756
  • Trash: $0
  • Gardener: $1,500
  • Insurance: $1,599
  • Water/Sewer: $1,800

Property Details for 131 Clearbrook Ln

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Forced Air, Wall Furnace
Laundry Information
  • Has Laundry
  • In Garage
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Carpet
  • All Bedrooms Down, Kitchen, Laundry, Main Floor Bedroom, Main Floor Master Bedroom, Walk-In Closet
Kitchen Information
  • Has Appliances
  • Dishwasher, Electric Range
Interior Features
  • Beamed Ceilings, Ceiling Fan(s)
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Block, Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Built-In Storage, Garage, Garage Faces Rear, Garage - Single Door, Garage - Two Door, Off Street, Parking Space, Private
Lot Information
  • Lot Features: Cul-De-Sac, Front Yard, Level with Street, Level, Sprinkler System, Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Courtyard, Neighborhood
  • Common Walls: 2+ Common Walls
  • Total # of Units: 3
  • Parcel Number: 41914113
  • Year Built Source: Public Records
  • Architectural Style: Bungalow
  • Entry Level: 1
  • Foundation Details: Slab
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Las Casitas
  • Directions: North on Fair, left on Vanguard Way, right on Clearbrook Lane.
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Costa Mesa Agent

Sale History for 131 Clearbrook Ln

Last sold for $1,580,000 on January 3rd, 2022

  • January, 2022

  • Jan 3, 2022

    Date

    Sold

    CRMLS: NP21251803

    $1,580,000

    Price

  • Nov 22, 2021

    Date

    Coming Soon

    CRMLS: NP21251803

    $1,599,000

    Price

  • April, 1978

  • Apr 19, 1978

    Date

    Sold (Public Records)

    Public Records

    $122,500

    Price

Show More

Tax History for 131 Clearbrook Ln

Assessed Value (2020): $246,081
Year Land Value Improved Value Assessed Value
2020 $164,874 $81,207 $246,081

Home Value Compared to the Market

This property vs the competition

131 Clearbrook Ln sold on January 3, 2022 for 23% higher than the current median sold price for the city of Costa Mesa which is $1,300,000. The median sold price per/sqft for Costa Mesa is $801 and this home is sold at $632.52 per/sqft which puts the price per square foot 21.03% lower than the current median sale per square foot for the city of Costa Mesa.

About 131 Clearbrook Ln

Detailed summary of property

131 Clearbrook Ln is a triplex that recently sold in Costa Mesa, CA 92626. This triplex offered 4 bedrooms, 3 bathrooms, roughly 2,528 living square feet, and sits on an approximately 8,276 square foot lot. 131 Clearbrook Ln was first listed on ArdentRealEstateGroup.com on November 22, 2021. The homeowner sold the property for $1,580,000. Home in Costa Mesa are selling for a median price of $1,300,000 and a median price per square foot of $801. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is sold 23% higher than the current median priced home. Local homes that are currently for sale include 6401 Saint Paul Circle, 1833 E Stearns Ave and 12936 Adelle St. While the average home in Costa Mesa, CA is selling in 43 days, 131 Clearbrook Ln has a days on market of 8 days. There are currently 148 homes for sale in the Costa Mesa real estate market and 110 of them are single family homes while 21 of them are condos and 17 are townhomes. For more information on this home for sale at 131 Clearbrook Ln Costa Mesa, CA 92626 contact Ardent Real Estate Group and we will put you in touch with one of our Costa Mesa agents.

Public Facts for 131 Clearbrook Ln

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
2,528
Lot Size
9,198
Stories
2
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
10
APN
419-141-13

The source for these homes facts are from public records.

92626 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,599,000
Median List Price/Sq.Ft.
$783
Median Sold Price
$1,300,000
Median Sold Price/Sq.Ft.
$786
Total Inventory
64
Median Sale to List Price %
93.86%
Avg Days on Market
16
Loan Type
Conventional (35.71%), FHA (0%), VA (0%), Cash (32.14%), Other (32.14%)

Thinking of Selling?

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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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