3094 Mace Avenue

Costa Mesa, CA 92626

$1,775,000
Last Sold Price
9
Beds
8
Baths
4,968 Sq. Ft.
$357 / Sq. Ft.
4,968
Sq. Ft.
$357
per Sq. Ft.

Description

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...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.
  1. Listed by Bob Walz • DRE #00640512 • Brokerage DRE #01208697 • New Dimension Investment Prop

Property Details for 3094 Mace Avenue

Parking Spaces Total
5
Private Pool
No
Total Units
4.0
Building Type
Attached
Living Area
4968
Assessor Parcel Number
139-551-08
Property Attached YN
true
Common Walls
1 Common Wall

Location

Listing Courtesy of New Dimension Investment Prop, Bob Walz, DRE #00640512

Sold By CB Richard Ellis, Inc., Daniel Blackwell, DRE #01854961

Add your commute
LISTING UPDATED: 07/15/2020 11:11 AM

Property Details for 3094 Mace Avenue

StatusClosed
MLS #OC20094223
Days on Market23
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1969
Lot Size0.20 AC / 8,760 SF
CountyOrange County

Location

Listing Courtesy of New Dimension Investment Prop, Bob Walz, DRE #00640512

Sold By CB Richard Ellis, Inc., Daniel Blackwell, DRE #01854961

Add your commute

Building Information for 3094 Mace Avenue

Stories2Residences-Year Built1969Building Size-Lot Size0.20 AC / 8,760 SF

Payment Calculator

$9,703 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,687

Property Taxes

$16

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3094 Mace Avenue

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $101,100
  • Gross Scheduled Income: $101,100
  • Vacancy Allowance: 2022
  • Vacancy Allowance Rate: 2
  • Net Operating Income: $68,951
  • Laundry Income: $1,200
  • Gross Multiplier: 17.6
  • Cap Rate: 3.83
  • Financing: Cash To Existing Loan
Expense Details
  • Operating Expense: $31,327
  • Operating Expense Percent: 30.60%
  • New Taxes Expense: $20,123
  • Gardener Expense: $810
  • Fuel Expense: $583
  • Licenses Expense: $50
  • Pest Control Expense: $354
  • Electric Expense: $372
  • Insurance Expense: $2,223
  • Maintenance Expense: $5,055
  • Maintenance Percent: 5.00%
  • Trash Expense: $750
  • Water Sewer Expense: $1,007
  • Total Expenses: $31,327
Tax / Assessment Info
  • Tax Rate: 1.05
  • Tax Tract Number: 6260
  • Tax Lot: 5
Community / Development
Community / Development
  • Accessibility Features: Parking
  • Disability Access: Other Main Level Modifications
  • Assessments YN: Yes
  • Assessments: Special Assessments
  • Community Features: Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Disposal
  • Equipment: Dryer, Gas Or Electric Dryer Hookup, Washer
  • Interior Features: Ceiling Fan(s)
  • Laundry: Yes
  • Laundry Features: Common Area, Dryer Included, Gas & Electric Dryer Hookup, Washer Included
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Heating: Central
Exterior Features
  • Window Features: Double Pane Windows
  • Roof: Asphalt, Shingle
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Front Yard, Level with Street, Lot 6500-9999, Flag Lot, Level, Sprinkler System
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: Two
  • Sewer: Public Sewer, Sewer Paid
  • Sewer/Septic: Sewer Connected
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking: Yes
  • Parking Garage: Assigned, Garage, Parking Space
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
  • Parking Features: Assigned, Concrete, Paved, Garage, Off Street, On Site, Parking Space
Property / Structure Info
  • Builders Tract Name: Other (OTHR)
  • Builders Tract Code: Other (OTHR)
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: $2,850
  • Unit Type Total Rent: $2,850
  • 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: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,800
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,800
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,975
  • Unit Type Total Rent: $1,975
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Public Records for 3094 Mace Avenue

Taxable ValueLand-Additions-Total-
Tax Record2023$198 ($16 / month)
Home Facts
Beds0Lot Size350 SqFtStyleResidentialCountyORANGEAPN139-551-06

Schools near 3094 Mace Avenue

This home is within Newport-Mesa Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
California Elementary School
PublicK to 6

Charles W. Tewinkle Middle School
Public7 to 8

Estancia High School
Public9 to 12

Early College 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 New Dimension Investment Prop, Bob Walz, DRE #00640512

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.