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SOLD 3/16/2021
1592 Caraway Drive, Costa Mesa, CA 92626
9
beds
8
baths
4622
ft2
· 7892
ft2 lot
$1,700,000
$368 / ft2
Listing provided courtesy of Listing Broker: Frank Shamoo, Active Realty.
Source CRMLS.
HURRY TO TAKE ADVANTAGE OF THIS GREAT AND EXTREMELY RARE OPPORTUNITY TO PURCHASE TWO TURNKEY SIDE BY SIDE Costa Mesa's very desirable "Spice Street Tract." In a great rental area of Costa Mesa. You can purchase the subject property along with the court-yard adjacent 4-Plex at 1598 Caraway Drive. 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 alley with Newer Double-Pane Windows. Buildings are a very large 4-Plex (the largest standard model in the tract) with approximately 4,622 sq. ft. of living space with large bedrooms, living areas, and spacious closets. 3br unit is approx. 1,568'/2brs approx. 1,026'. Located on a 7,851 sq. ft. lot. 1 Double Garage. 3 Single Garage + 5 Parking Spaces. Unit A has Central Air and Heating, others have either AC Wall Unit and or Ceiling Fans. There is a central laundry room with a couple of W/D units owned and operated by an outside service company @ a 50/50 split. All units are in excellent condition and have good-sized yards, patios, No missed rents (to date of this listing) during Covid-19! The spacious yard and mature trees add to the charm and comfortable, quiet atmosphere. All expenses are estimated—Pro forma rent over $112,000.
HOA
$0/month
On market
6 days
Year built
1966
Property type
Multi-Family
Parking
10
MLS
OC21019509
Price / Sq.Ft.
$368 / ft2
Status
Closed
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Community
•   
Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Interior Features
•   
Window Features: Screens
Heating & Cooling
•   
Has Heating
•   
Heating Details: Central
•   
Cooling Details: Central Air, Wall/Window Unit(s)
Flooring
•   
Flooring: Carpet, Tile, Vinyl
Interior Size
•   
Building Area Total: 4622.00
Property, Lot, Community & Exterior Features
Building Info
•   
Entry Location: lower level
•   
Building Area Units: Square Feet
•   
Roof: Shingle
•   
Foundation Details: Slab
•   
Stories Total: 2
•   
Num Stories: One
•   
Year Built Source: Assessor
•   
Construction Materials: Stucco
Parking Info
•   
Parking Available: 1
•   
Parking Features: Driveway, Garage, Garage Faces Rear, Garage - Single Door
•   
Garage Spaces: 5.00
•   
Uncovered Spaces: 5.00
Property Features
•   
View: Neighborhood
•   
Fencing: Wood, Wrought Iron
•   
Property Condition: Turnkey
•   
Common Walls: 2+ Common Walls
•   
Exterior Features: Rain Gutters
Lot Info
•   
Lot Features: Landscaped, Sprinkler System
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1812
•   
Lot Size Area: 7892.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 4
Property Type
•   
Architectural Style: Traditional
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 4
•   
Utilities: Electricity Connected, Sewer Connected, Water Connected
•   
Number Of Separate Gas Meters: 4
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Assesments Information
•   
Assessments: Unknown
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 99994.00
•   
Water Sewer Expense: 3397.00
•   
Laundry Income: 1414.00
•   
Maintenance Expense: 3280.00
•   
Pest Control Expense: 364.00
•   
Cap Rate: 5.09
•   
Laundry Equipment Own Lease: Lease
•   
Total Actual Rent: 99180.00
•   
Fuel Expense: 1143.00
•   
Trash Expense: 3700.00
•   
New Taxes Expense: 17153.00
•   
Insurance Expense: 100.00
•   
Total Expenses: 13485.00
•   
Gross Scheduled Income: 98580.00
•   
Operating Expense: 13387.00
•   
Gardener Expense: 1200.00
•   
Gross Multiplier: 16.80
Tax/Assessment Info
•   
Gross Income: 99994.00
•   
Tax Year: 2020
•   
Taxes: 17063.0
Terms
•   
Exclusions: All Tenants Personal Items
Lease Info
•   
Net Operating Income: 86607.00
Listing Info
•   
Status: Closed
Other
•   
Electric Expense: 301.00
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 1865.00
•   
Unit 3 Total Units: 1
•   
Has Attached Garage
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 1.00
•   
Unit 3 Bathrooms: 2
•   
Unit 3 Total Rent: 1865.00
Unit 2 Information
•   
Unit 2 Actual Rent: 1950.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 1
•   
Has Attached Garage
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 2
•   
Unit 2 Garage Spaces: 1.00
•   
Unit 2 Total Rent: 1950.00
Multi Unit Information
•   
Number Wall Ac: 1
•   
# Of Units: 4
•   
Number With Dishwasher: 4
•   
Number Of Units Leased: 4
•   
Number With Carpet: 4
•   
Number With Disposal: 4
•   
Number With Range: 4
Unit 1 Information
•   
Unit 1 Bedrooms: 3
•   
Unit 1 Total Units: 1
•   
Has Attached Garage
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 2.00
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 2590.00
•   
Unit 1 Total Rent: 2590.00
Unit 4 Information
•   
Unit 4 Actual Rent: 1860.00
•   
Unit 4 Total Units: 1
•   
Has Attached Garage
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 1860.00
•   
Unit 4 Bathrooms: 2
•   
Unit 4 Garage Spaces: 1.00
•   
Unit 4 Bedrooms: 2
School Neighborhood & Directions
Location
•   
Community Features: Sidewalks
School Info
•   
Directions: From Harbor Blvd, turn onto Gisler Ave, then make a left on Date , Left on Cinnamon Ave, then right onto Caraway. Property will be on the right hand side.
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 18, 2021 8:31am
Neighborhood snapshot
46
Properties for sale
6
Median days on market
$485.83
Median sold price/sqft
100.51%
Sold/List %
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Property History
03/16/2021
03/16/2021
CRMLS #OC21019509
sold
CRMLS #OC21019509
$1,700,000
02/24/2021
02/24/2021
CRMLS #OC21019509
active
CRMLS #OC21019509
$1,700,000
+0.29%
02/10/2021
02/10/2021
CRMLS #OC21019509
active
CRMLS #OC21019509
$1,695,000
02/04/2021
02/04/2021
CRMLS #OC21019509
other
CRMLS #OC21019509
$1,695,000
--0.29%
02/04/2021
02/04/2021
CRMLS #OC21019509
pending
CRMLS #OC21019509
$1,700,000
+38.21%
See more property history
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