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408 Ford Rd, Costa Mesa, CA 92627
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408 Ford Rd Costa Mesa, CA 92627

$1,695,000 Sold Price as of 08/26/2021
  • 7 Beds
  • 4 Baths
  • 3,802 Sq.Ft.
Sold
$1,695,000 Sold Price as of 08/26/2021 Refinance Your Mortgage
Map preview of 408 Ford Rd, Costa Mesa, CA 92627

Property Overview: 408 Ford Rd Costa Mesa, CA has 7 bedrooms, 4 bathrooms, 3,802 living square feet and 8,159 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 in a uniquely quiet Costa Mesa location. Conveniently located with easy access to shopping, restaurants, beaches and entertainment. Much of the area has been redeveloped and tenant demand remains very strong due to the location. The property consists of two, 2 bedroom 1 bath units recently updated and a 3 bedroom 2 bath unit with an inviting, large front patio. Each unit has outdoor space and storage area. Ample parking includes a 2 car garage with 2 covered carport spaces plus an additional parking space and street-parking. A separate laundry room affords additional potential income. Current rents are below market value and tenants are on month/month terms. A great opportunity for an investor to add value and increase rents.

Listed by Jon Flagg | BRE #01316048 | Villa Real Estate
Co-listed by Kimberly Bibb | BRE #01210754 | Villa Real Estate
Last checked: 6 minutes ago | Last updated: April 10th, 2024 | Source CRMLS | DOM: 51

Home details

Lot Sq. Ft
8,159
HOA Dues
$0/mo
Year built
1961
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
NP21132033
City
Costa Mesa
County
Orange
Time on Site
1037 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # 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: $1,120
  • Total Rent: $1,120
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $2,300
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 20.03
  • Gross Scheduled Income: $69,840
  • Net Operating Income: $35,090
  • Gross Operating Income: $66,348
  • Vacancy Allowance: $3,492
  • Other Income Description: none
Annual Expense Breakdown
  • Total Operating Expense: $31,258
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $16,788
  • Trash: $1,000
  • Gardener: $1,020
  • Insurance: $1,800
  • Maintenance: $9,000
  • Water/Sewer: $1,450

Property Details for 408 Ford Rd

Interior Features
Laundry Information
  • Has Laundry
  • Individual Room
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: Landscaped, Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 3
  • Parcel Number: 41920102
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Costa Mesa Residential Income (CMRI)
  • Directions: Located between Newport Blvd and Parsons Street
Neighborhood Information
  • Community Features: Biking, Curbs, Gutters
View more facts & features

Local Costa Mesa Agent

Sale History for 408 Ford Rd

Last sold for $1,695,000 on August 26th, 2021

  • April, 2024

  • Apr 10, 2024

    Date

    Withdrawn

    CRMLS: PW23132369

    $1,780,000

    Price

  • Jul 18, 2023

    Date

    Active

    CRMLS: PW23132369

    $2,095,000

    Price

  • Listing provided courtesy of CRMLS

    Pleased to present 408 Ford Road, a well-maintained single-story triplex located in Costa Mesa. This property is walking distance to The Triangle and all retail, shopping, and entertainment along Newport Boulevard and 19th Street. Much of the area has been redeveloped and tenant demand remains very strong due to the location and surrounding communities. The property itself consists of (2) two-bedroom/one-bath units and (1) three-bedroom/two-bath unit with an inviting, large front patio. Each unit features an outdoor space and storage area. There is also ample parking which includes a double car garage and 2 covered carport spaces plus street-parking. A separate laundry room affords additional potential income. The new investor can quickly realize a strong return on investment through modernization of the property and increased rent levels.

  • August, 2021

  • Aug 28, 2021

    Date

    Sold

    CRMLS: NP21132033

    $1,695,000

    Price

  • Aug 16, 2021

    Date

    Active Under Contract

    CRMLS: NP21132033

    $1,695,000

    Price

  • Jun 24, 2021

    Date

    Active

    CRMLS: NP21132033

    $1,695,000

    Price

  • March, 2021

  • Mar 18, 2021

    Date

    Expired

    CRMLS: IV20232794

    $1,399,000

    Price

  • Mar 17, 2021

    Date

    Hold

    CRMLS: IV20232794

    $1,399,000

    Price

  • Dec 10, 2020

    Date

    Pending

    CRMLS: IV20232794

    $1,399,000

    Price

  • Nov 4, 2020

    Date

    Active

    CRMLS: IV20232794

    $1,399,000

    Price

  • Listing provided courtesy of CRMLS

    Nicely appointed triplex in the City of Costa Mesa. Close to beaches, shopping, entertainment, freeway access, and all the activities in Costa Mesa. Two 2 bedroom 1 bath units recently updated and a 3 bedroom 2 bath unit plus den. Each unit has its own patio and storage area. There is a 2 car garage with 2 covered carport spaces plus an additional parking space. There is a separate laundry room that could add potential income. Current rents are below market value. This one is a must see to add to your portfolio as well as live in one of the units and rent two for great income. The total square footage 4,300 is estimated by the owner. Buyer and buyers agent to verify actual square footage.

  • March, 2020

  • Mar 10, 2020

    Date

    Leased

    CRMLS: OC20029994

    $2,400

    Price

  • Feb 10, 2020

    Date

    Active

    CRMLS: OC20029994

    $2,400

    Price

  • Listing provided courtesy of CRMLS

    Bright and spacious 2 bedroom and 2 bathroom in Costa Mesa! Great location near triangle square and close to shopping, dining and freeways. Unit has two carport parking spaces, fresh paint, and new blinds throughout. Tenant pays water, electric and gas. Community laundry machines provided by landlord for tenant use.

  • July, 2019

  • Jul 18, 2019

    Date

    Leased

    CRMLS: OC19158272

    $2,100

    Price

  • Jul 4, 2019

    Date

    Active

    CRMLS: OC19158272

    $2,100

    Price

  • Listing provided courtesy of CRMLS

    Well Located Near Triangle Square, Newport 55 freeway, Shopping and the BEACH... This single level 2 bedroom and 2 bath in a Triplex located in Central Costa Mesa and just minutes to Everything... This home has a private fenced yard / patio and a 1 car Carport at the unit. This home offers quality upgrades and improvements that is very beautiful to live in. Common Laundry with free use of machines. It is ready for you to move into!

  • July, 2019

  • Jul 1, 2019

    Date

    Expired

    CRMLS: OC19069398

    $2,100

    Price

  • Jun 28, 2019

    Date

    Price Change

    CRMLS: OC19069398

    $2,100

    Price

  • May 3, 2019

    Date

    Price Change

    CRMLS: OC19069398

    $2,300

    Price

  • Apr 11, 2019

    Date

    Price Change

    CRMLS: OC19069398

    $2,500

    Price

  • Mar 28, 2019

    Date

    Active

    CRMLS: OC19069398

    $2,650

    Price

  • Listing provided courtesy of CRMLS

    Back on Market for lease / Well Located Near Triangle Square, Newport 55 freeway, Shopping and the BEACH... This single level 2 bedroom and 2 bath in a Triplex located in Central Costa Mesa and just minutes to Everything... This home has a private fenced yard / patio and a 1 car Carport at the unit. This home offers quality upgrades and improvements that is very beautiful to live in. Common Laundry with free use of machines. It is ready for you to move into!

Show More

Tax History for 408 Ford Rd

Assessed Value (2020): $464,087
Year Land Value Improved Value Assessed Value
2020 $320,220 $143,867 $464,087

Home Value Compared to the Market

This property vs the competition

408 Ford Rd sold on August 26, 2021 for 25.37% higher than the current median sold price for the city of Costa Mesa which is $1,352,000. The median sold price per/sqft for Costa Mesa is $794 and this home is sold at $445.82 per/sqft which puts the price per square foot 43.85% lower than the current median sale per square foot for the city of Costa Mesa.

About 408 Ford Rd

Detailed summary of property

408 Ford Rd is a multi family that recently sold in Costa Mesa, CA 92627. This multi family property offered 7 bedrooms, 4 bathrooms, roughly 3,802 living square feet, and sits on an approximately 8,159 square foot lot. 408 Ford Rd was first listed on ArdentRealEstateGroup.com on June 24, 2021. The homeowner sold the property for $1,695,000. Home in Costa Mesa are selling for a median price of $1,352,000 and a median price per square foot of $794. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is sold 25.37% higher than the current median priced home. Local homes that are currently for sale include 483 S Pine St, 310 E Wakefield Ave and 915 W Maple Ave. While the average home in Costa Mesa, CA is selling in 28 days, 408 Ford Rd has a days on market of 51 days. There are currently 113 homes for sale in the Costa Mesa real estate market and 84 of them are single family homes while 14 of them are condos and 15 are townhomes. For more information on this home for sale at 408 Ford Rd 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 408 Ford Rd

Public county record property details
Beds
--
Baths
--
Year built
1961
Sq. Ft.
3,802
Lot Size
8,211
Stories
--
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
Orange
Lot#
6
APN
419-201-02

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
$1,399,000
Median List Price/Sq.Ft.
$828
Median Sold Price
$1,350,000
Median Sold Price/Sq.Ft.
$1,046
Total Inventory
66
Median Sale to List Price %
103.85%
Avg Days on Market
17
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (31.82%), Other (18.18%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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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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