3094 Mace Ave, Costa Mesa, CA 92626
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3094 Mace Ave Costa Mesa, CA 92626

$1,775,000 Sold Price as of 07/15/2020
  • 9 Beds
  • 8 Baths
  • 4,968 Sq.Ft.
Sold
$1,775,000 Sold Price as of 07/15/2020 Refinance Your Mortgage

Map preview of 3094 Mace Ave, Costa Mesa, CA 92626

Property Overview: 3094 Mace Ave Costa Mesa, CA has 9 bedrooms, 8 bathrooms, 4,968 living square feet and 8,760 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: THIS IS A GREAT AND EXTREMELY RARE OPPORTUNITY TO PURCHASE TWO FABULOUS SIDE BY SIDE "SPICE STREET 4-PLEXES" in a great rental area of Costa Mesa. You can purchase the subject property along with the court-yard adjacent 4-Plex at 3098 MACE AVE which has a permitted add-on family room of 247 sq. ft. added to the 3br. unit. Extremely well located in Costa Mesa only a few miles from the beach in the "Mesa Verde" area with easy access to the 405, 73 and 55 freeways. Very clean, beautiful and wide concrete paved and single loaded alley. This is a very large 4-Plex (largest standard model in the tract) with approximately 4,968 sq.ft. of living space with large bedrooms, living areas and spacious closets. 3br unit is approx. 1,700'/2brs approx. 1,100'. Located on a (73 x 120) or 8,760 sq. ft. lot. All units have fireplaces. Two Double Garages. One Single Garage + 3 Parking Spaces. Upgraded with all newer energy efficient Vinyl Dual Pane Windows making the units very quiet inside. All units have central Forced Air Heating and Ceiling Fans in all rooms. There is a central laundry room with washer and dryer owned by Seller and included in the purchase price. All units are in excellent condition and have good sized yards, patios or B-B-Q areas. No missed rents (to date of this listing) during Covid-19! Hurry to take advantage of this very rare and excellent opportunity to own two of the very nicest and largest side by side 4-plexes in Costa Mesa's very desirable "Spice Street Tract.

Listed by Bob Walz | BRE #00640512 | New Dimension Investment Prop
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 23

Home details

Lot Sq. Ft
8,760
HOA Dues
$0/mo
Year built
1969
Garage
5 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC20094223
City
Costa Mesa
County
Orange
Time on Site
1417 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,850
  • Total Rent: $2,850
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,975
  • Total Rent: $1,975
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.83%
  • Gross Rent Multiplier: 17.6
  • Gross Scheduled Income: $101,100
  • Net Operating Income: $68,951
  • Gross Operating Income: --
  • Vacancy Allowance: $2,022
  • Laundry Income: $1,200
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $31,327
  • Electric: $372
  • Gas/Fuel: $583
  • Licenses: $50
  • New Taxes: $20,123
  • Trash: $750
  • Gardener: $810
  • Insurance: $2,223
  • Maintenance: $5,055
  • Water/Sewer: $1,007

Property Details for 3094 Mace Ave

Interior Features
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Common Area, Dryer Included, Gas & Electric Dryer Hookup, Washer Included
Fireplace Information
  • Has Fireplace
  • Living Room
Kitchen Information
  • Has Appliances
  • Disposal
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
  • Window Features: Double Pane Windows
Exterior Features
Exterior Information
  • Roof: Asphalt, Shingle
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Assigned, Concrete, Paved, Garage, Off Street, On Site, Parking Space
Lot Information
  • Lot Features: Front Yard, Level with Street, Lot 6500-9999, Flag Lot, Level, Sprinkler System
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 13955108
  • Year Built Source: Public Records
  • Property is Attached
  • Accessibility Features: Parking
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Special Assessments
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Spice Street Tract
  • Directions: S/of Giesler and W/of Harbor
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

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Sale History for 3094 Mace Ave

Last sold for $1,775,000 on July 15th, 2020
  • July, 2020

  • Jul 15, 2020

    Date

    Sold

    CRMLS: OC20094223

    $1,775,000

    Price

  • Jun 18, 2020

    Date

    Active Under Contract

    CRMLS: OC20094223

    $1,800,000

    Price

  • May 28, 2020

    Date

    Price Change

    CRMLS: OC20094223

    $1,800,000

    Price

  • May 17, 2020

    Date

    Active

    CRMLS: OC20094223

    $1,950,000

    Price

  • June, 1997

  • Jun 27, 1997

    Date

    Sold (Public Records)

    Public Records

    $425,000

    Price

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Tax History for 3094 Mace Ave

Assessed Value (2020): $855,449
Year Land Value Improved Value Assessed Value
2020 $641,587 $213,862 $855,449

Home Value Compared to the Market

This property vs the competition

3094 Mace Ave sold on July 15, 2020 for 31.39% 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 $362.32 per/sqft which puts the price per square foot 53.73% lower than the current median sale per square foot for the city of Costa Mesa.

About 3094 Mace Ave

Detailed summary of property

3094 Mace Ave is a multi family that recently sold in Costa Mesa, CA 92626. This multi family property offered 9 bedrooms, 8 bathrooms, roughly 4,968 living square feet, and sits on an approximately 8,760 square foot lot. 3094 Mace Ave was first listed on ArdentRealEstateGroup.com on July 4, 2020. The homeowner sold the property for $1,775,000. 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 31.39% higher than the current median priced home. Local homes that are currently for sale include 1210 S Athena Way, 1150 S State College Blvd and 1126 W Broadway. While the average home in Costa Mesa, CA is selling in 33 days, 3094 Mace Ave has a days on market of 23 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 3094 Mace 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 3094 Mace Ave

Public county record property details
Beds
--
Baths
--
Year built
1969
Sq. Ft.
4,968
Lot Size
8,817
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
5
APN
139-551-08

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.
$751
Median Sold Price
$1,337,000
Median Sold Price/Sq.Ft.
$757
Total Inventory
49
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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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.