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280 E 16Th St, Costa Mesa, CA 92627
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280 E 16Th St Costa Mesa, CA 92627

$2,550,000
  • 6 Beds
  • 4 Baths
  • 3,134 Sq.Ft.
For Sale
$2,550,000 Get Pre-Qualified
Map preview of 280 E 16Th St, Costa Mesa, CA 92627

Property Overview: 280 E 16Th St Costa Mesa, CA has 6 bedrooms, 4 bathrooms, 3,134 living square feet and 6,970 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 280 E. 16th St. (4plex) to be sold together with 282 E. 16th St. (duplex). WILL NOT BE SOLD SEPARATELY. Both properties well maintained with great rental history and leases in place. Two 2 bed 1 bath units. One lease ends in May 2024 another ends in September 2025. Two 1 bed 1 bath units, one currently available, one lease end September 2024. 3 single car garages in a separate stand alone structure, plus 3 uncovered parking spaces. Property shows excellent pride of ownership. Great opportunity for upside in rents or develop both properties. All units are in good condition with some recent upgrades. Eastside is one of the most sought after locations in Costa Mesa and Newport Beach. Close to beach, shopping, parks, schools, and freeway access. Come live the good life; live in one, rent the rest. Pics tomorrow.

Listed by Jeffrey Newman | BRE #01164496 | Newman Properties, Inc
Last checked: 15 minutes ago | Last updated: March 14th, 2024 | Source CRMLS | DOM: 39
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Home details

Lot Sq. Ft
6,970
HOA Dues
$0/mo
Year built
1964
Garage
4 Car
Property Type:
Fourplex
Status
Active
MLS#
NP24002007
City
Costa Mesa
County
Orange
Time on Site
50 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Total Rent: $5,100
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Total Rent: $1,650
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $81,000
  • Net Operating Income: $78,600
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $2,400
  • Electric: $120
  • Gas/Fuel: $0
  • Trash: $2,400
  • Insurance: $2,400
  • Water/Sewer: $1,200

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Property Details for 280 E 16Th St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Public Records
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 42522113
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Newport Blvd to 16th St., East to property address
Neighborhood Information
  • Community Features: Biking, Curbs, Dog Park, Street Lights, Suburban
View more facts & features

Local Costa Mesa Agent

Sale History for 280 E 16Th St

View property's historical transactions

  • March, 2024

  • Mar 8, 2024

    Date

    Active

    CRMLS: NP24002007

    $2,550,000

    Price

Tax History for 280 E 16Th St

Assessed Value (2020): $91,741
Year Land Value Improved Value Assessed Value
2020 $24,770 $66,971 $91,741

Home Value Compared to the Market

This property vs the competition

280 E 16Th St is listed 83.59% higher than the median list price for the city of Costa Mesa which has a median list price of $1,389,000. The median price per/sqft for Costa Mesa is $811 and this home is listed at $813.66 per/sqft which puts the price per square foot 0.33% higher than the median price per square foot for the city of Costa Mesa.

About 280 E 16Th St

Detailed summary of property

280 E 16Th St is a fourplex located in Costa Mesa, CA 92627 and is currently for sale. This fourplex offers 6 bedrooms, 4 bathrooms, roughly 3,134 living square feet, and sits on an approximately 6,970 square foot lot. 280 E 16Th St was first listed on ArdentRealEstateGroup.com on March 7, 2024. The homeowner is currently asking $2,550,000. The median priced home in Costa Mesa is $1,389,000 with a median price per square foot of $811. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is listed 83.59% higher than the median priced home. Local competing homes currently for sale include 734 Center St, 353 Hamilton St and 210 41st St. While the average home in Costa Mesa, CA is selling in 28 days, 280 E 16Th St has a days on market of 39 days. There are currently 113 homes for sale in the Costa Mesa real estate market and 84 of them are single family homes while 14 of them are condos and 15 are townhomes. For more information on this home for sale at 280 E 16Th St Costa Mesa, CA 92627 contact Ardent Real Estate Group and we will put you in touch with one of our Costa Mesa agents.

Public Facts for 280 E 16Th St

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
3,134
Lot Size
7,005
Stories
2
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
9
APN
425-221-13

The source for these homes facts are from public records.

92627 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,399,000
Median List Price/Sq.Ft.
$828
Median Sold Price
$1,350,000
Median Sold Price/Sq.Ft.
$1,046
Total Inventory
66
Median Sale to List Price %
103.85%
Avg Days on Market
17
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (31.82%), Other (18.18%)

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Homes for Sale Near 280 E 16Th St

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Recently Sold Homes Near 280 E 16Th St

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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