4
Baths
3,802 Sq. Ft.
$446 / Sq. Ft.
3,802
Sq. Ft.
$446
per Sq. Ft.

Description

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...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.
  1. Listed by Jon Flagg • DRE #01316048 • Brokerage DRE #01925726 • Villa Real Estate
  2. Listed by Kimberly Bibb • DRE #01210754 • Brokerage DRE #01925726 • Villa Real Estate

Property Details for 408 Ford Road

Parking Spaces Total
5
Private Pool
No
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3802
Assessor Parcel Number
419-201-02
Property Attached YN
true
LISTING UPDATED: 08/27/2021 12:11 PM

Property Details for 408 Ford Road

StatusClosed
MLS #NP21132033
Days on Market51
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size0.19 AC / 8,159 SF
CountyOrange County

Location

Listing Courtesy of Villa Real Estate, Jon Flagg, DRE #01316048; Villa Real Estate, Kimberly Bibb, DRE #01210754

Sold By OUT OF AREA - NON MEMBER, OUT OF AREA OUT, DRE #Out of Area

Add your commute

Building Information for 408 Ford Road

Stories1Residences-Year Built1961Building Size-Lot Size0.19 AC / 8,159 SF

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$10,282 per month

30 year fixed, 6.46% Interest

Principal and Interest

$8,535

Property Taxes

$1,747

HOA Dues

$0

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Property Information for 408 Ford Road

Income / Expense / Tax Details
Income Details
  • Gross Income: $66,348
  • Gross Scheduled Income: $69,840
  • Vacancy Allowance: 3492
  • Vacancy Allowance Rate: 5
  • Gross Operating Income: $66,348
  • Net Operating Income: $35,090
  • Other Income Description: none
  • Gross Multiplier: 20.03
  • Financing: Cash
Expense Details
  • Operating Expense: $31,258
  • Operating Expense Percent: 47.11%
  • New Taxes Expense: $16,788
  • Gardener Expense: $1,020
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,800
  • Maintenance Expense: $9,000
  • Trash Expense: $1,000
  • Water Sewer Expense: $1,450
  • Total Expenses: $31,258
Tax / Assessment Info
  • Tax Tract Number: 3718
  • Tax Census Tract: 637.02
  • Tax Lot: 6
Community / Development
Community / Development
  • Community Features: Biking, Curbs, Gutters
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Individual Room
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Landscaped, Lot 6500-9999
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Uncovered Spaces: 1
  • Open Other Spaces Total: 1
  • Parking Garage Spaces: 2
  • Carport Spaces: 2
Property / Structure Info
  • Builders Tract Name: Costa Mesa Residential Income
  • Builders Tract Code: Costa Mesa Residential Income (CMRI)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,120
  • Unit Type Total Rent: $1,120
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,300
  • Unit Type Total Rent: $2,300
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,400
  • Unit Type Total Rent: $2,400
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 408 Ford Road

DateEvent & SourcePriceAppreciation
Nov 25, 2024

Withdrawn / Cancelled

SDMLS #PW24188889

$1,725,000—
Nov 25, 2024

Withdrawn / Cancelled

CRMLS #PW24188889

$1,725,000—
Nov 25, 2024

Withdrawn / Cancelled

CLAW #PW24188889MR

—
Oct 2, 2024

Accepting Backup Offers

CRMLS #PW24188889

—
Oct 2, 2024

Accepting Backup Offers

CLAW #PW24188889MR

—
Sep 11, 2024

Listed (Active)

SDMLS #PW24188889

$1,725,000—
Sep 11, 2024

Listed (Active)

CLAW #PW24188889MR

$1,725,000—
Sep 11, 2024

Listed (Active)

CRMLS #PW24188889

$1,725,000—
Jun 1, 2024

Expired

CRMLS #PW23132369

$1,780,000—
May 31, 2024

Expired

CLAW #PW23132369MR

$1,780,000—
Apr 10, 2024

Withdrawn / Cancelled

CRMLS #PW23132369

—
Apr 10, 2024

Expired

SDMLS #PW23132369

—
Apr 10, 2024

Withdrawn / Cancelled

SDMLS #PW23132369

—
Apr 10, 2024

Withdrawn / Cancelled

CLAW #PW23132369MR

—
Feb 6, 2024

Listed (Active)

SDMLS #PW23132369

—
Jan 31, 2024

Accepting Backup Offers

SDMLS #PW23132369

—
Jan 31, 2024

Accepting Backup Offers

CRMLS #PW23132369

—
Jan 31, 2024

Accepting Backup Offers

CLAW #PW23132369MR

—
Jan 15, 2024

Price Change

CRMLS #PW23132369

$1,780,000—
Oct 16, 2023

Price Change

CLAW #PW23132369MR

$1,840,000—
Oct 16, 2023

Price Change

CRMLS #PW23132369

$1,840,000—
Sep 12, 2023

Price Change

CLAW #PW23132369MR

$1,995,000—
Sep 12, 2023

Price Change

CRMLS #PW23132369

$1,995,000—
Jul 18, 2023

Listed (Active)

SDMLS #PW23132369

$2,095,000—
Jul 18, 2023

Listed (Active)

CLAW #PW23132369MR

$2,095,000—
Jul 18, 2023

Listed (Active)

CRMLS #PW23132369

$2,095,000—
Aug 26, 2021

Sold

CLAW #NP21132033MR

$1,695,000—
Aug 26, 2021

Sold

SDMLS #NP21132033

$1,695,000—
Aug 26, 2021

Sold

CRMLS #NP21132033

$1,695,000—
Aug 16, 2021

Accepting Backup Offers

SDMLS #NP21132033

—
Aug 14, 2021

Pending

CRMLS #NP21132033

—
Aug 14, 2021

Pending

CLAW #NP21132033MR

—
Aug 14, 2021

Accepting Backup Offers

CRMLS #NP21132033

—
Aug 14, 2021

Accepting Backup Offers

CLAW #NP21132033MR

—
Aug 14, 2021

Pending

SDMLS #NP21132033

—
Jul 21, 2021

Sold (Public Record)

Public Record #1470319762

$1,695,000—
Jun 24, 2021

Listed (Active)

SDMLS #NP21132033

$1,695,000—
Jun 24, 2021

Listed (Active)

CRMLS #NP21132033

$1,695,000—
Jun 24, 2021

Listed (Active)

CLAW #NP21132033MR

$1,695,000—
Mar 18, 2021

Hold

SDMLS #IV20232794

—
Dec 10, 2020

Pending

SDMLS #IV20232794

—
Dec 9, 2020

Expired

SDMLS #IV20232794

—
Dec 9, 2020

Pending

SDMLS #IV20232794

—
Nov 4, 2020

Listed (Active)

SDMLS #IV20232794

$1,399,000—
DateEvent & SourcePrice
11/25/2024

Withdrawn / Cancelled

SDMLS #PW24188889

$1,725,000
11/25/2024

Withdrawn / Cancelled

CRMLS #PW24188889

$1,725,000
11/25/2024

Withdrawn / Cancelled

CLAW #PW24188889MR

—
10/02/2024

Accepting Backup Offers

CRMLS #PW24188889

—
10/02/2024

Accepting Backup Offers

CLAW #PW24188889MR

—
09/11/2024

Listed (Active)

SDMLS #PW24188889

$1,725,000
09/11/2024

Listed (Active)

CLAW #PW24188889MR

$1,725,000
09/11/2024

Listed (Active)

CRMLS #PW24188889

$1,725,000
06/01/2024

Expired

CRMLS #PW23132369

$1,780,000
05/31/2024

Expired

CLAW #PW23132369MR

$1,780,000
04/10/2024

Withdrawn / Cancelled

CRMLS #PW23132369

—
04/10/2024

Expired

SDMLS #PW23132369

—
04/10/2024

Withdrawn / Cancelled

SDMLS #PW23132369

—
04/10/2024

Withdrawn / Cancelled

CLAW #PW23132369MR

—
02/06/2024

Listed (Active)

SDMLS #PW23132369

—
01/31/2024

Accepting Backup Offers

SDMLS #PW23132369

—
01/31/2024

Accepting Backup Offers

CRMLS #PW23132369

—
01/31/2024

Accepting Backup Offers

CLAW #PW23132369MR

—
01/15/2024

Price Change

CRMLS #PW23132369

$1,780,000
10/16/2023

Price Change

CLAW #PW23132369MR

$1,840,000
10/16/2023

Price Change

CRMLS #PW23132369

$1,840,000
09/12/2023

Price Change

CLAW #PW23132369MR

$1,995,000
09/12/2023

Price Change

CRMLS #PW23132369

$1,995,000
07/18/2023

Listed (Active)

SDMLS #PW23132369

$2,095,000
07/18/2023

Listed (Active)

CLAW #PW23132369MR

$2,095,000
07/18/2023

Listed (Active)

CRMLS #PW23132369

$2,095,000
08/26/2021

Sold

CLAW #NP21132033MR

$1,695,000
08/26/2021

Sold

SDMLS #NP21132033

$1,695,000
08/26/2021

Sold

CRMLS #NP21132033

$1,695,000
08/16/2021

Accepting Backup Offers

SDMLS #NP21132033

—
08/14/2021

Pending

CRMLS #NP21132033

—
08/14/2021

Pending

CLAW #NP21132033MR

—
08/14/2021

Accepting Backup Offers

CRMLS #NP21132033

—
08/14/2021

Accepting Backup Offers

CLAW #NP21132033MR

—
08/14/2021

Pending

SDMLS #NP21132033

—
07/21/2021

Sold (Public Record)

Public Record #1470319762

$1,695,000
06/24/2021

Listed (Active)

SDMLS #NP21132033

$1,695,000
06/24/2021

Listed (Active)

CRMLS #NP21132033

$1,695,000
06/24/2021

Listed (Active)

CLAW #NP21132033MR

$1,695,000
03/18/2021

Hold

SDMLS #IV20232794

—
12/10/2020

Pending

SDMLS #IV20232794

—
12/09/2020

Expired

SDMLS #IV20232794

—
12/09/2020

Pending

SDMLS #IV20232794

—
11/04/2020

Listed (Active)

SDMLS #IV20232794

$1,399,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 408 Ford Road

Taxable ValueLand$1,576,206Additions$187,272Total$1,763,478
Tax Record2025$20,969 ($1,747 / month)
Home Facts
Total Finished SqFt3,802 SqFtAbove Grade Finished SqFt3,802 SqFtLot Size8,155 SqFtStyleMulti-Family Dwelling (2-4)Year Built1961CountyORANGEAPN419-201-02

Schools near 408 Ford Road

This home is within Newport-Mesa Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 12
Public - 7 to 12
Public - 9 to 12
Rating
School
Distance
College Park Elementary School
PublicK to 6

Costa Mesa High School
Public7 to 12

Monte Vista High School
Public7 to 12

Back Bay High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Villa Real Estate, Jon Flagg, DRE #01316048; Villa Real Estate, Kimberly Bibb, DRE #01210754

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.