408 Ford Road

Costa Mesa, CA 92627

$1,725,000
Price
4
Beds
4
Baths
3,802 Sq. Ft.
$454 / Sq. Ft.
3,802
Sq. Ft.
$454
per Sq. Ft.

Description

Pleased to present 408 Ford Road, a well-maintained single-story triplex located in Costa Mesa. This property is walking distance to The Triangle and all retail, shopping, and entertainment along Newport Boulevard and 19th Street. Much of the area has been redeveloped and tenant demand remains very strong due to the location and surrounding communities. The property itself consists of (1) two-bedroom/two-bath unit with an inviting, large front patio and (2) two-bedroom/one-bath units. Each unit features...Pleased to present 408 Ford Road, a well-maintained single-story triplex located in Costa Mesa. This property is walking distance to The Triangle and all retail, shopping, and entertainment along Newport Boulevard and 19th Street. Much of the area has been redeveloped and tenant demand remains very strong due to the location and surrounding communities. The property itself consists of (1) two-bedroom/two-bath unit with an inviting, large front patio and (2) two-bedroom/one-bath units. Each unit features an outdoor space and storage area. There is also ample parking which includes a double car garage and 2 covered carport spaces plus street-parking. A separate laundry room affords additional potential income. The new investor can quickly realize a strong return on investment through modernization of the property and increased rent levels.
  1. Listed by Rick Applebaum • DRE #01273871 • Brokerage DRE #01220368 • Morgan Skenderian • rma@morganskenderian.com
  2. Listed by Paul Espinosa • DRE #01942627 • Brokerage DRE #01220368 • Morgan Skenderian

Property Details for 408 Ford Road

Parking Spaces Total
5
Private Pool
No
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3802
Assessor Parcel Number
419-201-02
Property Attached YN
true
LISTING UPDATED: 10/21/2024 05:06 AM

Property Details for 408 Ford Road

StatusActive
MLS #PW24188889
Days on Market71
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size0.19 AC / 8,155 SF
CountyOrange County

Building Information for 408 Ford Road

Stories1Residences-Year Built1961Building Size-Lot Size0.19 AC / 8,155 SF

Property Information for 408 Ford Road

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $102,300
  • Vacancy Allowance: 3069
  • Gross Operating Income: $99,231
  • Net Operating Income: $69,611
  • Gross Multiplier: 16.86
  • Cap Rate: 4.0
Expense Details
  • Operating Expense: $29,620
  • New Taxes Expense: $20,201
  • Gardener Expense: $600
  • Fuel Expense: $612
  • Electric Expense: $613
  • Insurance Expense: $3,042
  • Maintenance Expense: $2,977
  • Other Expense: $350
  • Other Expense Description: misc
  • Trash Expense: $613
  • Water Sewer Expense: $613
  • Total Expenses: $29,620
Tax / Assessment Info
  • Tax Rate: 1.05
  • Tax Tract Number: 3718
  • Tax Census Tract: 637.02
  • CFD/Mello-Roos Fee: $2,118
  • Tax Lot: 6
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Special Assessments
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: See Remarks
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 1
  • Open Other Spaces Total: 1
  • Parking Garage Spaces: 2
  • Carport Spaces: 2
  • Parking Features: Assigned
Unit Information
Unit 1
  • 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: No
  • Unit Type Actual Rent: $3,575
  • Unit Type Total Rent: $3,575
  • Unit Type Pro Forma: 3800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,475
  • Unit Type Total Rent: $4,950
  • Unit Type Pro Forma: 3095
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 408 Ford Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 408 Ford Road

Taxable ValueLand$1,545,300Additions$183,600Total$1,728,900
Tax Record2024$20,517 ($1,710 / month)
Home Facts
Total Finished SqFt3,802 SqFtAbove Grade Finished SqFt3,802 SqFtLot Size8,155 SqFtStyleMulti-Family Dwelling (2-4)Year Built1961CountyORANGEAPN419-201-02

Schools near 408 Ford Road

This home is within Newport-Mesa Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 12
Public - K to 12
Public - 9 to 12
Rating
School
Distance
College Park Elementary School
PublicK to 6

Costa Mesa High School
Public7 to 12

Monte Vista High School
PublicK 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.

Similar Homes

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408 Ford Road is a multi-family home for sale in Costa Mesa, CA 92627. This property was listed for sale on September 11, 2024 by Morgan Skenderian, it's currently listed at $1,725,000. It has been on the market for a total of 71 days and was last sold on August 26, 2021. This listing's school district is Newport-Mesa Unified School District. Nearby schools include College Park Elementary School, Costa Mesa High School and Monte Vista High School. 408 Ford Road is a 4-bed, 4-bath, 3,802 sqft multi-family home built in 1961.

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 Morgan Skenderian, Rick Applebaum, DRE #01273871; Morgan Skenderian, Paul Espinosa, DRE #01942627

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.