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383 16Th Pl Costa Mesa, CA 92627

$2,100,000 Sold Price as of 06/30/2021

6 Beds
6 Baths
2,630 Sq.Ft.

Sold

$2,100,000 Sold Price as of 06/30/2021 Refinance Your Mortgage

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Map preview of 383 16Th Pl, Costa Mesa, CA 92627

Property Overview: 383 16Th Pl Costa Mesa, CA has 6 bedrooms, 6 bathrooms, 2,630 living square feet and 7,405 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Address is for both units A & B. Fully leased duplex located in desirable eastside of Costa Mesa. Current rents are $4,000 and $4,100. Blocks from Newport Beach and entertainment zone of 17th Street. This 2-unit Spanish-style investment property has been fully renovated with remodeled kitchens, baths, flooring, appliances, windows, etc. Each unit is 3 bedroom, 2.5 baths and feels like a home featuring a fireplace, master suite with balcony, large fenced patio with power awning. HVAC installed in 2018. For the astute investor, there is a free-standing 2-car garage which may qualify to be converted to a ADU and provide an additional stream of income. Buyer to investigate with city. Note: Property looks much better than these picture. Professional photos are pending.

Listed by Nancy Moeller | BRE #01727426 | Seven Gables Real Estate
Co-listed by Todd Moeller | BRE #01762788 | Seven Gables Real Estate

Last checked: 8 minutes ago | Last updated: June 7th, 2023 | Source CRMLS | DOM: 9

Home details

Lot Sq. Ft: 7,405
HOA Dues: $0/mo
Year built: 1972
Garage: 2 Car
Property Type:: Multi Family

Status: Sold
MLS#: PW21095527
City: Costa Mesa
County: Orange
Time on Site: 1073 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 2
Total # of Buildings: 1
# of Leased Units: 2
# of Electric Meters: 3
# of Gas Meters: 3
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 3
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $4,000
Total Rent: $4,000
Pro Forma/Market Rent: $4,000

Unit Breakdown 2

# of Units: 1
# of Beds: 3
# of Baths: 3
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $4,100
Total Rent: $4,100
Pro Forma/Market Rent: $4,100

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $97,200
Net Operating Income: $73,018
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $24,182
Electric: $0
Gas/Fuel: $0
New Taxes: $23,160
Trash: $0
Insurance: $1,022
Water/Sewer: $0

Property Details for 383 16Th Pl

Interior Features

Cooling Information

Has Cooling
Central Air

Laundry Information

Has Laundry
Gas Dryer Hookup, Washer Hookup

Fireplace Information

Has Fireplace
Family Room

Room Information

All Bedrooms Up, Master Bathroom, Master Bedroom

Interior Features

Levels: Two
Window Features: Double Pane Windows
Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 2
# of Parking Spaces: 5
Has Parking
Parking Features: Garage

Lot Information

Lot Features: Back Yard, Front Yard
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: No Common Walls
Total # of Units: 2
Parcel Number: 42519109
Year Built Source: Assessor
Entry Level: 1
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Utilities Information

Sewer: Public Sewer
Water Source: Public
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected

Location / Neighborhood

Location Information

Subdivision Name: Other (OTHR)
Other Subdivision Name: Eastside
Directions: South of E 17th and East of Tustin Ave

Neighborhood Information

Community Features: Curbs, Sidewalks, Suburban

View more facts & features

Local Costa Mesa Agent

Sale History for 383 16Th Pl

Last leased for $4,900 on June 6th, 2023

June, 2023
Jun 6, 2023

Date

Leased

CRMLS: PW23098095

$4,900

Price
Jun 4, 2023

Date

Active

CRMLS: PW23098095

$4,900

Price
Listing provided courtesy of CRMLS

Located in the heart of Newport Heights - 17th Street action! Walk or bike to most of your activities ** Enjoy CENTRAL AIR CONDITIONING in our updated home displaying beautiful hardwood flooring, decorator window coverings with exterior awnings. Fireplace in the living room for those cozy nights at the beach. A gourmet kitchen showcasing white stone counter tops, accented by white cabinetry, gas stove, dishwasher, includes a refrigerator, washer, dryer in the garage. Large open yard/patio area with artificial turf, jasmine vines cover the fencing and 2 shade trees. Close to beach, shopping, dining, schools and parks. All bedrooms are upstairs with 1/2 bath downstairs.

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June, 2021
Jun 30, 2021

Date

Sold

CRMLS: PW21095527

$2,100,000

Price
May 20, 2021

Date

Active Under Contract

CRMLS: PW21095527

$2,199,999

Price
May 5, 2021

Date

Active

CRMLS: PW21095527

$2,199,999

Price
November, 2020
Nov 18, 2020

Date

Sold

CRMLS: PW20225806

$1,700,000

Price
Nov 4, 2020

Date

Pending

CRMLS: PW20225806

$1,700,000

Price
Oct 29, 2020

Date

Active Under Contract

CRMLS: PW20225806

$1,700,000

Price
Oct 26, 2020

Date

Active

CRMLS: PW20225806

$1,700,000

Price
Listing provided courtesy of CRMLS

We are pleased to offer 383 16th Place, a stunning Spanish-style duplex located in Costa Mesa's premier Eastside neighborhood. Situated just blocks from Newport Beach and trendy 17th Street, this 2-unit investment property has been fully renovated with new kitchens, bathrooms, flooring, appliances, fixtures, windows, paint, backyards and more. The interiors rival that of model homes with high-end finishes throughout. Each 3BR/2.5BA townhome-style unit features a fireplace, a master suite with a private balcony, and a large fenced private patio with a power extendable awning. Additionally, the 383 16th Place duplex offers a free-standing 2-car garage, which should qualify to be converted to an ADU under California standards, and can drastically improve cash-flow to a new investor. (Buyer to verify exact ADU qualifications/requirements with the city; contact Listing Agent for additional information). This is a true turn-key asset that would be an excellent addition to any investor’s portfolio. *Property is currently vacant. All income numbers are pro forma. **Buyer to verify exact ADU qualifications/requirements with the city; contact listing agent for additional information.

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October, 2012
Oct 24, 2012

Date

Sold (Public Records)

Public Records

--

Price
June, 1998
Jun 30, 1998

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 383 16Th Pl

Assessed Value (2020): $824,091

Year	Land Value	Improved Value	Assessed Value
2020	$568,623	$255,468	$824,091

Home Value Compared to the Market

This property vs the competition

383 16Th Pl sold on June 30, 2021 for 62.72% higher than the current median sold price for the city of Costa Mesa which is $1,352,000. The median sold price per/sqft for Costa Mesa is $794 and this home is sold at $836.5 per/sqft which puts the price per square foot 5.35% higher than the current median sale per square foot for the city of Costa Mesa.

About 383 16Th Pl

Detailed summary of property

383 16Th Pl is a multi family that recently sold in Costa Mesa, CA 92627. This multi family property offered 6 bedrooms, 6 bathrooms, roughly 2,630 living square feet, and sits on an approximately 7,405 square foot lot. 383 16Th Pl was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $2,100,000. Home in Costa Mesa are selling for a median price of $1,352,000 and a median price per square foot of $794. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is sold 62.72% higher than the current median priced home. Local homes that are currently for sale include 205 19th St, 201 19th St and 17061 Whitby Cir. While the average home in Costa Mesa, CA is selling in 31 days, 383 16Th Pl has a days on market of 9 days. There are currently 107 homes for sale in the Costa Mesa real estate market and 80 of them are single family homes while 14 of them are condos and 13 are townhomes. For more information on this home for sale at 383 16Th Pl 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 383 16Th Pl

Public county record property details

Beds: --
Baths: --
Year built: 1972
Sq. Ft.: 2,630
Lot Size: 6,698
Stories: 2

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Orange
Lot#: --
APN: 425-191-09

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

$1,449,000

Median List Price/Sq.Ft.

$828

Median Sold Price

$1,350,000

Median Sold Price/Sq.Ft.

$1,046

Total Inventory

Median Sale to List Price %

103.85%

Avg Days on Market

Loan Type

Conventional (50%), FHA (0%), VA (0%), Cash (31.82%), Other (18.18%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

Homes for Sale Near 383 16Th Pl

Nearby Homes for Sale

Recently Sold Homes Near 383 16Th Pl

$1,750,000 Last Sold Price

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Costa Mesa, CA 92627

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$1,676,500 Last Sold Price

4 Beds

2 Baths

1382 Sq.Ft.

1611 Tustin Avenue
Costa Mesa, CA 92627

$2,100,000 Last Sold Price

4 Beds

1 Baths

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$2,006,000 Last Sold Price

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Costa Mesa, CA 92627

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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.

383 16Th Pl Costa Mesa, CA 92627

Unit Mix Summary

Unit Breakdown 1

Unit Breakdown 2

Property Income and Analysis

Annual Expense Breakdown

Property Details for 383 16Th Pl

Cooling Information

Laundry Information

Fireplace Information

Room Information

Interior Features

Exterior Features

Parking/Garage Information

Lot Information

Property Information

Homeowners Association

Utilities Information

Location Information

Neighborhood Information

Local Costa Mesa Agent

Sale History for 383 16Th Pl

Tax History for 383 16Th Pl

Home Value Compared to the Market

About 383 16Th Pl

Public Facts for 383 16Th Pl

92627 Real Estate Sale History (Last 30 days)

Thinking of Selling?

Homes for Sale Near 383 16Th Pl

Nearby Homes for Sale

$2,250,000

$2,100,000

$2,200,000

$2,300,000

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Recently Sold Homes Near 383 16Th Pl

$1,750,000 Last Sold Price

$1,676,500 Last Sold Price

$2,100,000 Last Sold Price

$2,006,000 Last Sold Price

Related Resources to 383 16Th Pl

New Listings in 92627

Popular Zip Codes

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