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SOLD 3/16/2021
1598 Caraway Drive, Costa Mesa, CA 92626
9
beds
8
baths
4613
ft2
· 7841
ft2 lot
$1,700,000
$369 / 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 ONE OR 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 1592 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. Buildings are a very large 4-Plex (the largest standard model in the tract) with approximately 4,623 sq. ft. of living space with large bedrooms, living areas, and spacious closets. Newer Double-Pane Windows. The 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. There is a central laundry room with a few washers and dryers owned and operated by an outside service company 50/50 split. The units are in good condition and some have good-sized yard and patios, No missed rents 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
5
MLS
OC21019537
Price / Sq.Ft.
$369 / ft2
Status
Closed
Flyhomes Cash Offer
Based on a price of $1,700,000
Rebate:
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Net Rebate:
Negotiating Power:
Flyhomes Cash Offer
$0
$0
+$331/day
$0
Best
Flyhomes Guaranteed Offer
$8,500
- -
$8,500
Better
Discount Brokerage
$6,470
not offered
$6,470
Average
Traditional Brokerage
$0
not offered
$0
Variable
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Community
•   
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
Heating & Cooling
•   
Has Heating
•   
Heating Details: Central
•   
Cooling Details: Wall/Window Unit(s)
Flooring
•   
Flooring: Carpet, Tile
Interior Size
•   
Building Area Total: 4613.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Driveway Level, Garage
•   
Garage Spaces: 5.00
Building Info
•   
Building Area Units: Square Feet
•   
Roof: Shingle
•   
Foundation Details: Slab
•   
Stories Total: 2
•   
Num Stories: One
•   
Year Built Source: Assessor
•   
Construction Materials: Stucco
Lot Info
•   
Lot Features: Front Yard
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1800
•   
Lot Size Area: 7841.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 4
Property Features
•   
Fencing: Wood, Wrought Iron
•   
Property Condition: Turnkey
•   
Common Walls: 2+ Common Walls
•   
Exterior Features: Rain Gutters
Property Type
•   
Architectural Style: Traditional
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 4
•   
Utilities: Natural Gas 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: 96281.00
•   
Water Sewer Expense: 3605.00
•   
Laundry Income: 1541.00
•   
Maintenance Expense: 3370.00
•   
Pest Control Expense: 364.00
•   
Cap Rate: 5.00
•   
Total Actual Rent: 7895.00
•   
Fuel Expense: 904.00
•   
Trash Expense: 4048.00
•   
New Taxes Expense: 17153.00
•   
Insurance Expense: 100.00
•   
Total Expenses: 19475.00
•   
Gross Scheduled Income: 94740.00
•   
Operating Expense: 13561.00
•   
Gardener Expense: 1200.00
Tax/Assessment Info
•   
Gross Income: 96281.00
•   
Tax Year: 2020
•   
Taxes: 7839.0
Lease Info
•   
Net Operating Income: 82720.00
Listing Info
•   
Status: Closed
Other
•   
Electric Expense: 298.00
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: 1865.00
•   
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: 1865.00
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: 2350.00
•   
Unit 1 Total Rent: 2350.00
Unit 4 Information
•   
Unit 4 Actual Rent: 1815.00
•   
Unit 4 Total Units: 1
•   
Has Attached Garage
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 1815.00
•   
Unit 4 Bathrooms: 2
•   
Unit 4 Garage Spaces: 1.00
•   
Unit 4 Bedrooms: 2
Multi Unit Information
•   
# Of Units: 4
•   
Number With Dishwasher: 4
•   
Number Of Units Leased: 4
•   
Number With Carpet: 4
•   
Number With Disposal: 4
•   
Number With Range: 4
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 23, 2021 4:59am
Neighborhood snapshot
43
Properties for sale
6
Median days on market
$489.52
Median sold price/sqft
100.63%
Sold/List %
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Property History
03/16/2021
03/16/2021
CRMLS #OC21019537
sold
CRMLS #OC21019537
$1,700,000
02/24/2021
02/24/2021
CRMLS #OC21019537
active
CRMLS #OC21019537
$1,700,000
+0.29%
02/10/2021
02/10/2021
CRMLS #OC21019537
active
CRMLS #OC21019537
$1,695,000
02/04/2021
02/04/2021
CRMLS #OC21019537
other
CRMLS #OC21019537
$1,695,000
--0.29%
02/04/2021
02/04/2021
CRMLS #OC21019537
pending
CRMLS #OC21019537
$1,700,000
+286.36%
See more property history
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