3098 Mace Avenue

Costa Mesa, CA 92626

$1,800,000
Last Sold Price
9
Beds
8
Baths
5,215 Sq. Ft.
$345 / Sq. Ft.
5,215
Sq. Ft.
$345
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 in Costa Mesa. You can purchase the subject property along with the court-yard adjacent 4-Plex at 3094 MACE AVE, which is currently on the market. Extremely well located in Costa Mesa's "Mesa Verde" area just a few miles to the beach. Easy access to the 405, 73 and 55 freeways. Very clean, beautiful and wide concrete paved and single loaded rear alley. Very large 4-Plex...THIS IS A GREAT AND EXTREMELY RARE OPPORTUNITY TO PURCHASE TWO FABULOUS SIDE BY SIDE "SPICE STREET 4-PLEXES" in a great rental area in Costa Mesa. You can purchase the subject property along with the court-yard adjacent 4-Plex at 3094 MACE AVE, which is currently on the market. Extremely well located in Costa Mesa's "Mesa Verde" area just a few miles to the beach. Easy access to the 405, 73 and 55 freeways. Very clean, beautiful and wide concrete paved and single loaded rear alley. Very large 4-Plex with approx. 5,215 sq.ft. of living space. The 3br. has a permitted add-on family room with 247 sq. ft. All large bedrooms (3br. is approx 1,947 sq. ft./2brs approx 1,100sq. ft. Lot is (73 x 120) or 8,760 sq. ft. All units have fireplaces. Two Double Garages, One Single Garage + 3 Parking Spaces. The property has been upgraded with all newer energy efficient Vinyl Dual Pane Windows making the units very quiet inside. All units have Central Forced Air Heating and the 3br. unit also has CENTRAL AIR CONDITION. All units have 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 3098 Mace Avenue

Parking Spaces Total
5
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5215
Assessor Parcel Number
139-551-09
Property Attached YN
true

Location

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

Sold By Triple-Eight Realty, Debra Shen, DRE #01206807

Add your commute
LISTING UPDATED: 08/13/2020 09:35 AM

Property Details for 3098 Mace Avenue

StatusClosed
MLS #OC20094279
Days on Market44
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 Triple-Eight Realty, Debra Shen, DRE #01206807

Add your commute

Building Information for 3098 Mace Avenue

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

Payment Calculator

$11,592 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,823

Property Taxes

$1,769

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3098 Mace Avenue

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $106,440
  • Gross Scheduled Income: $105,240
  • Vacancy Allowance: 2105
  • Vacancy Allowance Rate: 2
  • Net Operating Income: $71,141
  • Laundry Income: $1,200
  • Gross Multiplier: 17.58
  • Cap Rate: 3.85
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $33,194
  • Operating Expense Percent: 30.90%
  • New Taxes Expense: $20,648
  • Gardener Expense: $810
  • Fuel Expense: $530
  • Licenses Expense: $50
  • Pest Control Expense: $354
  • Electric Expense: $714
  • Insurance Expense: $2,686
  • Maintenance Expense: $5,322
  • Maintenance Percent: 5.00%
  • Trash Expense: $750
  • Water Sewer Expense: $1,390
  • Total Expenses: $33,254
Tax / Assessment Info
  • Tax Tract Number: 6260
  • Tax Census Tract: 638.06
  • Tax Lot: 4
Community / Development
Community / Development
  • Community Features: Sidewalks, Storm Drains
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Front Yard, Garden, Level with Street, Lot 6500-9999, Rectangular Lot, Level, Sprinkler System
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: Two
  • Water: Meter on Property
  • Sewer: Public Sewer, Sewer Paid
  • Sewer/Septic: Sewer Connected
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking: Yes
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
  • Parking Features: Garage Faces Rear, Off Street, On Site
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: $2,995
  • Unit Type Total Rent: $2,995
  • Unit Type Pro Forma: 3300
  • 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: $2,000
  • Unit Type Total Rent: $2,000
  • 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: $1,900
  • Unit Type Total Rent: $1,900
  • 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: $1,875
  • Unit Type Total Rent: $1,875
  • 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

Property History for 3098 Mace Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3098 Mace Avenue

Taxable ValueLand$1,664,640Additions$208,080Total$1,872,720
Tax Record2023$21,226 ($1,769 / month)
Home Facts
Total Finished SqFt4,968 SqFtAbove Grade Finished SqFt4,968 SqFtStories2Lot Size8,760 SqFtStyleQuadraplexYear Built1969CountyORANGEAPN139-551-09

Schools near 3098 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.

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 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.