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3001 Coolidge Ave, Costa Mesa, CA 92626
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3001 Coolidge Ave Costa Mesa, CA 92626

$1,250,000 Sold Price as of 08/19/2021
  • 2 Beds
  • 1 Baths
  • 3,166 Sq.Ft.
Sold
$1,250,000 Sold Price as of 08/19/2021 Refinance Your Mortgage
Map preview of 3001 Coolidge Ave, Costa Mesa, CA 92626

Property Overview: 3001 Coolidge Ave Costa Mesa, CA has 2 bedrooms, 1 bathrooms, 3,166 living square feet and 5,803 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The subject property is a two-story, 3 unit apartment complex situated West of the 405, and North of the 55 freeways, on Coolidge Avenue in Costa Mesa, CA 92626. The property is a 15 minute drive from Newport Beach, 10 minute drive to John Wayne Airport, and walking distance from local schools, shopping, and restaurants/bars. The property was originally built circa 1962, and contains (3) units. The property is comprised of (1) 2bed+1bath unit, and (2) townhome style 2bed+1.5bath units, for an approximate total of 3,166 rentable square feet. All units have in-unit laundry. There is (1) single car garage, and (1) two car garage, with an additional 3 on- site parking spaces. Held long-term by current ownership, the property represents an excellent value-add opportunity for astute investors to fix up the units and increase cash flow. In addition to upside in the rents, it is possible to monetize the parking garages/spaces to create additional income.

Listed by Michael Mignosa | BRE #02049221 | Top Gun CRE
Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 2

Home details

Lot Sq. Ft
5,803
HOA Dues
$0/mo
Year built
1962
Garage
3 Car
Property Type:
Triplex
Status
Sold
MLS#
PTP2104669
City
Costa Mesa
County
Orange
Time on Site
1047 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: --
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $1,075
  • Total Rent: $1,075
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 1.53%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $48,900
  • Net Operating Income: $18,347
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $29,086
  • New Taxes: $14,259
  • Trash: $0
  • Insurance: $5,904
  • Water/Sewer: $3,000

Virtual Tour

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Property Details for 3001 Coolidge Ave

Interior Features
Heating Information
  • Has Heating
  • Combination
Laundry Information
  • Has Laundry
  • Inside
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: Back Yard, Corner Lot, Lawn, Park Nearby, Yard
  • Lot Size Source: Public Records
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 3
  • Parcel Number: 14114165
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: N/A
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Costa Mesa Agent

Sale History for 3001 Coolidge Ave

Last sold for $1,250,000 on August 19th, 2021

  • August, 2021

  • Aug 19, 2021

    Date

    Sold

    CRMLS: PTP2104669

    $1,250,000

    Price

  • Jul 5, 2021

    Date

    Active

    CRMLS: PTP2104669

    $1,200,000

    Price

  • January, 2007

  • Jan 31, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 3001 Coolidge Ave

Assessed Value (2020): $484,339
Year Land Value Improved Value Assessed Value
2020 $358,411 $125,928 $484,339

Home Value Compared to the Market

This property vs the competition

3001 Coolidge Ave sold on August 19, 2021 for 12.41% lower 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 $379.03 per/sqft which puts the price per square foot 51.59% lower than the current median sale per square foot for the city of Costa Mesa.

About 3001 Coolidge Ave

Detailed summary of property

3001 Coolidge Ave is a triplex that recently sold in Costa Mesa, CA 92626. This triplex offered 2 bedrooms, 1 bathrooms, roughly 3,166 living square feet, and sits on an approximately 5,803 square foot lot. 3001 Coolidge Ave was first listed on ArdentRealEstateGroup.com on July 5, 2021. The homeowner sold the property for $1,250,000. 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 12.41% lower than the current median priced home. Local homes that are currently for sale include 0 chestnut, 1128 W Diamond St and 2158 W Brownwood Ave. While the average home in Costa Mesa, CA is selling in 32 days, 3001 Coolidge Ave has a days on market of 2 days. There are currently 116 homes for sale in the Costa Mesa real estate market and 92 of them are single family homes while 8 of them are condos and 16 are townhomes. For more information on this home for sale at 3001 Coolidge Ave 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 3001 Coolidge Ave

Public county record property details
Beds
--
Baths
--
Year built
1962
Sq. Ft.
3,166
Lot Size
5,803
Stories
2
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
46
APN
141-141-65

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
$1,399,000
Median List Price/Sq.Ft.
$745
Median Sold Price
$1,337,000
Median Sold Price/Sq.Ft.
$757
Total Inventory
47
Median Sale to List Price %
99.04%
Avg Days on Market
26
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (25%), Other (25%)

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Recently Sold Homes Near 3001 Coolidge Ave

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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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