2013 Charle Street

Costa Mesa, CA 92627

$7,250,000
Price
1
Beds
16
Baths
9,159 Sq. Ft.
$792 / Sq. Ft.
9,159
Sq. Ft.
$792
per Sq. Ft.

Description

- Charle Square Apartments (the “Property”) is located at 2013 Charle Street in the city of Costa Mesa, California. The Property consists of 16 garden-style units in two 2-story buildings. The asset offers sixteen 1-bedroom units, ample surface parking, open common areas, and all ground level units enjoy a large private yard. The property is situated on just over half an acre in the coastal city of Costa Mesa. The property is situated on just over half an acre in the coastal city of Costa Mesa -...- Charle Square Apartments (the “Property”) is located at 2013 Charle Street in the city of Costa Mesa, California. The Property consists of 16 garden-style units in two 2-story buildings. The asset offers sixteen 1-bedroom units, ample surface parking, open common areas, and all ground level units enjoy a large private yard. The property is situated on just over half an acre in the coastal city of Costa Mesa. The property is situated on just over half an acre in the coastal city of Costa Mesa - Over the past year, Charle Square Apartments has undergone a comprehensive renovation program with over $1,000,000 invested into upgrading the property. As such residents are provided a high quality living experience and a new owner will enjoy a truly turn-key investment property.
  1. Listed by Christopher Pettit • DRE #01983950 • Brokerage DRE #02014153 • Skyline Commercial Real Estate • 626-664-9863

Property Details for 2013 Charle Street

View
None
Parking Spaces Total
22
Private Pool
No
Cooling Type
Wall/Window
Total Units
16.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
9159
LISTING UPDATED: 12/24/2024 05:34 AM

Property Details for 2013 Charle Street

StatusActive
MLS #OC24178842
Days on Market122
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
CountyOrange County

Building Information for 2013 Charle Street

Building/Complex2013 Charle StFloor-Stories2Residences-Pet Policy-Year Built1962Building Size-

Property Information for 2013 Charle Street

Rental Info
Rental Info
  • Tenant Pays: See Remarks
  • Pets Allowed: Call For Rules
Income / Expense / Tax Details
Income Details
  • Gross Income: $512,977
  • Gross Scheduled Income: $512,977
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $497,588
  • Net Operating Income: $327,084
  • Gross Multiplier: 14.13
  • Cap Rate: 4.51
Expense Details
  • Operating Expense: $170,504
  • Fuel Expense: $0
  • Electric Expense: $18,637
  • Insurance Expense: $9,970
  • Professional Management Expense: $19,903
  • Trash Expense: $3,446
  • Water Sewer Expense: $7,288
  • Total Expenses: $170,504
Tax / Assessment Info
  • Tax Rate: 1.05
  • Tax Year: 2024
  • Tax Annual Amount: $76,002
  • Tax Tract Number: 247
  • Tax Census Tract: 637.02
  • CFD/Mello-Roos Fee: $6,854
  • Tax Lot: 19
Community / Development
Community / Development
  • Association Amenities: Barbecue
  • Assessments YN: Yes
  • Assessments: Special Assessments
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Built-In Range, Dishwasher, Microwave, Refrigerator
  • Equipment: Dishwasher, Dryer, Dryer Included, Inside, Laundry Closet Stacked, Microwave, Refrigerator, Stackable W/D Hookup, Washer, Washer Included
  • Interior Features: Ceiling Fan(s), Quartz Counters, Recessed Lighting
  • Laundry: Yes
  • Laundry Features: Dryer Included, Inside, Stackable, Washer Included
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Flooring: Laminate, Vinyl
Exterior Features
  • Window Features: Blinds, Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Roof: Flat
  • Entry Location: 1
  • Fence: Yes
  • Fence: Wood
  • Fencing: Wood
  • Foundation Details: Slab
  • Other Structures: Storage
  • Property Condition: Turnkey, Updated/Remodeled
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Landscaped, Lot 20000-39999 Sqft
  • Number Of Units: 16
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Offsite
  • Uncovered Spaces: 22
  • Open Other Spaces Total: 22
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Asphalt, Off Site, On Site
Unit Information
Unit 1
  • Unit Type Units Total: 16
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $2,504
  • Unit Type Total Rent: $40,060
  • Unit Type Pro Forma: 41600
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number With Dishwasher: 16
  • Number With Range: 16
  • Number With Refrigerator: 16
  • Number With Disposal: 16
  • Number With Patio: 8
  • Number Wall AC: 16

Property History for 2013 Charle Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2013 Charle Street

Taxable ValueLand$4,441,707Additions$278,293Total$4,720,000
Tax Record2024$57,066 ($4,755 / month)
Home Facts
Total Finished SqFt9,159 SqFtAbove Grade Finished SqFt9,159 SqFtStories2Lot Size26,173 SqFtStyleMulti-Family Res (5+ Units)Year Built1962CountyORANGEAPN422-092-14

Schools near 2013 Charle Street

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
Wilson Elementary School
PublicK to 6

Charles W. Tewinkle Middle School
Public7 to 8

Estancia High School
Public9 to 12

Back Bay 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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2013 Charle Street is a multi-family home for sale in Costa Mesa, CA 92627. This property was listed for sale on August 29, 2024 by Skyline Commercial Real Estate, it's currently listed at $7,250,000. It has been on the market for a total of 122 days and was last sold on July 11, 2023. This listing's school district is Newport-Mesa Unified School District. Nearby schools include Wilson Elementary School, Charles W. Tewinkle Middle School and Estancia High School. 2013 Charle Street is a 1-bed, 16-bath, 9,159 sqft multi-family home built in 1962.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Skyline Commercial Real Estate, Christopher Pettit, DRE #01983950

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.