129 Clearbrook Lane

Costa Mesa, CA 92626

$1,285,000
Last Sold Price
3
Beds
2
Baths
1,853 Sq. Ft.
$693 / Sq. Ft.
1,853
Sq. Ft.
$693
per Sq. Ft.

Description

Rare opportunity to acquire a well-maintained, single-level duplex 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 one 1-Bedroom unit. 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,...Rare opportunity to acquire a well-maintained, single-level duplex 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 one 1-Bedroom unit. 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 Triplex located at 131 Clearbrook is also available for purchase.

Listing Agents

  1. Brad Hinman

    Brad Hinman

    Listing Agent

    Compass

    DRE #01186277

  2. Jennifer Stock

    Jennifer Stock

    Alternative Listing Agent

    Compass

    DRE #01427320

Property Details for 129 Clearbrook Lane

Architectural Style
Bungalow
View
Courtyard, Neighborhood
Parking Spaces Total
7
Private Pool
No
Cooling Type
Wall/Window
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor

Location

Listing Courtesy of Compass, Brad Hinman, DRE #01186277; Compass, Jennifer Stock, DRE #01427320

Sold By Compass, Michael Taormina, DRE #02068171

Add your commute
LISTING UPDATED: 01/03/2022 04:43 AM

Property Details for 129 Clearbrook Lane

StatusClosed
MLS #NP21252326
Days on Market8
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.18 AC / 7,841 SF
CountyOrange County

Location

Listing Courtesy of Compass, Brad Hinman, DRE #01186277; Compass, Jennifer Stock, DRE #01427320

Sold By Compass, Michael Taormina, DRE #02068171

Add your commute

Building Information for 129 Clearbrook Lane

Stories1Residences-Year Built1964Building Size-Lot Size0.18 AC / 7,841 SF

Payment Calculator

$8,276 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,013

Property Taxes

$1,263

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 129 Clearbrook Lane

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $3,600
  • Gross Scheduled Income: $54,348
  • Net Operating Income: $35,568
  • Number Of Rented Garages: 2
  • Garage Rental Rate: $150
  • Garage Income: $3,600
  • Financing: Cash
Expense Details
  • Operating Expense: $18,780
  • Gardener Expense: $900
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,299
  • Trash Expense: $0
  • Water Sewer Expense: $1,800
  • Total Expenses: $3,999
Tax / Assessment Info
  • Tax Tract Number: 5617
  • Tax Census Tract: 639.06
  • CFD/Mello-Roos Fee: $1,089
  • Tax Lot: 11
Community / Development
Community / Development
  • Accessibility Features: No Interior Steps
  • Disability Access: No Interior Steps
  • Assessments YN: No
  • Assessments: None
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Electric Range
  • Equipment: Dishwasher, Garage
  • Interior Features: Beamed Ceilings, Ceiling Fan(s)
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Walk-In Closet
  • Bedroom Features: All Bedrooms Down, Main Floor Bedroom, Main Floor Master Bedroom, WalkInCloset
  • Laundry: Yes
  • Laundry Features: In Garage
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Forced Air
  • Heating: Forced Air, Wall Furnace
  • Heat Equipment: Forced Air Unit
  • Flooring: Carpet, Laminate
Exterior Features
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Composition
  • Entry Location: 1
  • Fence: Yes
  • Fence: Wood
  • Fencing: Wood
  • View Description: Courtyard
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Cul-De-Sac, Level with Street, Level, Sprinklers In Front, Walkstreet
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: One
  • Sewer: Public Sewer
  • Utilities: Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking: Yes
  • Parking Garage: Built-In Storage, Garage, Garage - 1 Car, Garage - 2 Car, Parking Space, Private
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
  • Parking Features: Built-In Storage, Garage, Garage Faces Rear, Garage - Single Door, Garage - Two Door, Off Street, Parking Space, Private
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,600
  • Unit Type Total Rent: $2,600
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,629
  • Unit Type Total Rent: $1,629
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 129 Clearbrook Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 129 Clearbrook Lane

Taxable ValueLand$1,236,458Additions$74,242Total$1,310,700
Tax Record2023$15,157 ($1,263 / month)
Home Facts
Total Finished SqFt1,853 SqFtAbove Grade Finished SqFt1,853 SqFtStories2Lot Size7,531 SqFtStyleDuplexYear Built1964CountyORANGEAPN419-141-14

Schools near 129 Clearbrook Lane

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

Costa Mesa High School
Public7 to 12

Maude B. Davis Elementary School
PublicK to 6

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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Brad Hinman, DRE #01186277; Compass, Jennifer Stock, DRE #01427320

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.