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126 Magnolia St

Costa Mesa, CA 92627 View Map $1,675,000 Ask a Question
Sq.Ft. Lot10,968
Year1965
126 Magnolia St Costa Mesa, CA 92627 | MLS NP21060820 Photo 1
126 Magnolia St Costa Mesa, CA 92627 | MLS NP21060820 Map
Susie McKibben

Susie McKibben

(949) 500-5327
DRE No.: 01966883

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Status: Sold
Property Type:Residential Income (Multi-Family)
MLS #:NP21060820
Date Sold:5/10/2021
Lot Size:10,968 Sq. Ft.
County:Orange
Located on a very rare super-sized, extra wide lot that's a few feet short of 11,000 SF (1/4 acre) is a very well cared for triplex in Eastside Costa Mesa. It's been owned by the same owner for over 35 years and been very well maintained. The front house is approximately 1,200 SF with two bedrooms, two bathrooms, granite counters in kitchen as well as bathrooms, has an extra den/office/bedroom, washer/dryer hookups, laminate wood flooring, private fenced front yard and back patio area, plus an attached two car garage, roof recently updated, driveway with side yard ideal for a small RV or boat. The two rear units are comprised of an one upper unit and one lower unit and are approximately 1,100 SF each with two bedrooms, one bath, washer/dryer, rooftop deck and large deck above garage, one car garage for each unit as well as roof updates scheduled. The property has updated electrical, mostly copper piping with plenty of parking. This property is very close to shops and restaurants at Triangle Square, 17th Street, and immediate access to the 55 freeway. Everyone are on month-to-month leases with slightly below market rents due to long-term tenancy and/or friends of owner.

Listing Agent/Office

Agent Name:Marcel Ford
Office Name:Old Newport Realty

Detailed Maps

Community Information

Address:126 Magnolia St Costa Mesa, CA 92627
Area:C5 - East Costa Mesa
County:Orange
City:Costa Mesa
Subdivision:Other (Othr)
Zip Code:92627

Architecture

Year Built:1965
Stories:2
Number of Buildings: 1
Total Units: 3
Stories Total: 2
Roof: Composition
Garage Spaces: 4.0
Parking Features: Assigned, Garage
Parking Total: 4.0

Features / Amenities

Flooring: Carpet, Laminate
Laundry: Washer Hookup, Gas Dryer Hookup
Common Walls: 1 Common Wall
Heating: Wall Furnace

Property Features

Lot Size: 0.25 Acres / 10,968 Sq. Ft.
Lot Features: Item01UnitAcre, Back Yard, Lawn, Street Level
Sewer: Public Sewer, SewerTapPaid
Water: Public
Directions:North on Newport Blvd, Right on 18th, left on Fullerton, left of Magnolia

Tax and Financial Info

Buyer Financing: Cash
Cap Rate: 3.06
Gross Income: $72,000
Gross Scheduled Income: $72,000
Net Operating Income: $49,000
Insurance Expense: $3,600
New Taxes Expense: $17,600
Trash Expense: $600
Water/Sewer Expense: $1,200
Operating Expense: $23,000
Terms: Cash, CashtoNewLoan

Schools

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Listing agent / office Marcel Ford, Old Newport Realty.
Based on information from California Regional Multiple Listing Service, Inc. as of August 8, 2022. 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. IDX provided by Sierra Interactive.