3094 Coral Avenue

Costa Mesa, CA 92626

$1,320,000
Last Sold Price
5
Beds
4
Baths
2,634 Sq. Ft.
$501 / Sq. Ft.
2,634
Sq. Ft.
$501
per Sq. Ft.

Description

Welcome to this exceptional duplex located on the corner of 3094 Coral Ave in the highly sought after Mesa Verde neighborhood of Costa Mesa. First time on the market, this multi-family property offers a unique investment opportunity with its prime location directly across from Smallwood park, one of the most family friendly parks in all of Costa Mesa and potential for high returns. This duplex has a total of 2,634 square feet, with a layout that includes a large 3 bedroom, 2 bathroom front unit with...Welcome to this exceptional duplex located on the corner of 3094 Coral Ave in the highly sought after Mesa Verde neighborhood of Costa Mesa. First time on the market, this multi-family property offers a unique investment opportunity with its prime location directly across from Smallwood park, one of the most family friendly parks in all of Costa Mesa and potential for high returns. This duplex has a total of 2,634 square feet, with a layout that includes a large 3 bedroom, 2 bathroom front unit with park views, attached two car garage, AC and a spacious 2 bedroom, 1.5 bathroom back unit. As you enter the front unit, you'll notice the expansive living area with a fireplace to cozy up too, a nice sized kitchen, and a large master bedroom and bath. The back unit also includes an attached two-car garage and features laminate flooring throughout, offering a modern and clean aesthetic. Both units are equipped with air conditioning, ensuring comfort during warm Southern California days. Both units have a private patio area, perfect for outdoor relaxation and entertainment. The exterior of the property is equally impressive, featuring well-manicured landscaping that enhances its curb appeal. The corner lot provides plenty of outdoor space, perfect for tenants who enjoy spending time outside. The lush greenery and mature trees add to the serene ambiance, making it a desirable place to live. Located in the heart of Mesa Verde, this property benefits from its proximity to a variety of neighborhood amenities. Residents will enjoy easy access to an array of dining options, shopping centers, and recreational facilities. The Mesa Verde neighborhood is known for its friendly community atmosphere, community events making this a great place to call home. Nearby points of interest include the Mesa Verde Country Club, offering premier golf and social experiences, and the South Coast Plaza, a world-class shopping destination. The property is also conveniently located near major freeways, making commuting to other parts of Orange County a breeze. Whether you’re an investor looking for a solid rental property or a family seeking a new home, 3094 Coral Ave presents a unique opportunity to own a piece of Mesa Verde’s prime real estate.
  1. Listed by Jim Daly • DRE #02089079 • Brokerage DRE #01359009 • The L3 • 714-292-7869

Property Details for 3094 Coral Avenue

Parking Spaces Total
6
Private Pool
No
Cooling Type
Central Forced Air
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2634
Assessor Parcel Number
139-562-04
LISTING UPDATED: 11/22/2024 07:17 AM

Property Details for 3094 Coral Avenue

StatusClosed
MLS #OC24204033
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1970
Lot Size0.16 AC / 6,970 SF
CountyOrange County

Building Information for 3094 Coral Avenue

Stories1Residences-Year Built1970Building Size-Lot Size0.16 AC / 6,970 SF

Property Information for 3094 Coral Avenue

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $52,152
  • Gross Scheduled Income: $52,152
  • Net Operating Income: $45,532
  • Cap Rate: 2.5
  • Financing: Conventional
Expense Details
  • Operating Expense: $6,620
  • Gardener Expense: $840
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,000
  • Professional Management Expense: $2,580
  • Trash Expense: $0
  • Water Sewer Expense: $1,200
  • Total Expenses: $6,620
Tax / Assessment Info
  • Tax Tract Number: 6261
  • Tax Census Tract: 638.06
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 1
Community / Development
Community / Development
  • Community Features: Biking, Curbs, Dog Park, Golf, Hiking, Gutters, Park, Watersports, Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Lawn, Park Nearby, Sprinkler System
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Garage - 2 Car
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Garage - Two Door
Property / Structure Info
  • Builders Tract Name: Mesa Verde Residential Income
  • Builders Tract Code: Mesa Verde Residential Income (MVRI)
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: $2,646
  • Unit Type Total Rent: $2,646
  • Unit Type Pro Forma: 4750
  • 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: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,700
  • Unit Type Total Rent: $1,700
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Number With Carpet: 1
  • Number With Disposal: 2
  • Number With Patio: 2

Property History for 3094 Coral 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 3094 Coral Avenue

Taxable ValueLand$31,254Additions$91,023Total$122,277
Tax Record2024$2,841 ($237 / month)
Home Facts
Total Finished SqFt2,634 SqFtAbove Grade Finished SqFt2,634 SqFtStories2Lot Size6,968 SqFtStyleDuplexYear Built1970CountyORANGEAPN139-562-04

Schools near 3094 Coral 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. 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 The L3, Jim Daly, DRE #02089079

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.