263 E 16th St Costa Mesa, CA 92627
Downtown Costa Mesa Neighborhood
8
Beds
4
Baths
3,770
Sq Ft
6,970
Sq Ft Lot
Highlights
- No HOA
- Laundry Room
- East Facing Home
- Newport Heights Elementary Rated A
- Bike Trail
- 1-minute walk to Heller Park
About This Home
As of December 2024Discover a prime investment opportunity with this added-value, four-unit property in one of Costa Mesa’s most desirable locations. Situated just steps from E. 17th Street, Newport Heights, and within reach of several top-ranked public schools in Orange County, this property is ideally positioned for
convenience and long-term value. Each of the four spacious 2-bedroom, 1-bathroom units offers approximately 943 square feet of living space, complete with a single-car garage and additional off-street parking, ensuring tenant comfort and ample parking solutions. Residents will enjoy the convenience of an onsite laundry facility and a communal courtyard perfect for relaxation and social gatherings. This property represents a fantastic opportunity for investors looking to capitalize on the high demand in a premier Costa Mesa location.
Last Agent to Sell the Property
Gould Group Inc Brokerage Email: ng@gouldgroupinc.com License #01521955 Listed on: 11/12/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,995
Year Built
- Built in 1959
Lot Details
- 6,970 Sq Ft Lot
- Two or More Common Walls
- East Facing Home
- Block Wall Fence
- Density is 2-5 Units/Acre
Parking
- 4 Open Parking Spaces
- 4 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Apartment
- Composition Roof
- Stucco
Interior Spaces
- 3,770 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
- Washer and Gas Dryer Hookup
Additional Features
- Exterior Lighting
- Wall Furnace
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 4
- Tax Tract Number 251
- Assessor Parcel Number 42522103
- $2,884 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 4 Units
- Eastside Heights Subdivision
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Building Details
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,250
- Fuel Expense $1,500
- Gardener Expense $1,200
- Insurance Expense $2,956
- Maintenance Expense $7,208
- Trash Expense $2,000
- Water Sewer Expense $1,500
- New Taxes Expense $28,380
- Operating Expense $44,744
- Gross Income $102,960
- Net Operating Income $55,127
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 29, 2022
Sold by
Hanson Family Trust
Bought by
Hanson Family Trust
Total Days on Market
2
Current Estimated Value
Purchase Details
Closed on
Mar 25, 2011
Sold by
Hanson Harold O and Hanson Jenny F
Bought by
Hanson Harold O and Hanson Jenny F
Purchase Details
Closed on
Mar 21, 2011
Sold by
Hanson Harold O and Hanson Jenny F
Bought by
Hanson Harold O and Hanson Jenny F
Purchase Details
Closed on
Nov 10, 2010
Sold by
Hanson Harold O and Hanson Jenny F
Bought by
Hanson Harold O and Hanson Jenny F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$394,000
Interest Rate
4.27%
Mortgage Type
New Conventional
Similar Homes in Costa Mesa, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | -- | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Lsi |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $393,000 | New Conventional | |
| Previous Owner | $417,000 | New Conventional | |
| Previous Owner | $394,000 | New Conventional | |
| Previous Owner | $384,000 | New Conventional | |
| Previous Owner | $154,000 | Unknown | |
| Previous Owner | $152,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/18/2024 12/18/24 | Sold | $2,300,000 | -4.0% | $610 / Sq Ft |
| 11/14/2024 11/14/24 | Pending | -- | -- | -- |
| 11/12/2024 11/12/24 | For Sale | $2,395,000 | 0.0% | $635 / Sq Ft |
| 06/10/2024 06/10/24 | Rented | $5,975 | 0.0% | -- |
| 05/01/2024 05/01/24 | For Rent | $5,975 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,995 | $93,398 | $51,774 | $41,624 |
| 2023 | $1,879 | $91,567 | $50,759 | $40,808 |
| 2022 | $1,737 | $89,772 | $49,764 | $40,008 |
| 2021 | $1,640 | $88,012 | $48,788 | $39,224 |
| 2020 | $1,610 | $87,110 | $48,288 | $38,822 |
| 2019 | $1,575 | $85,402 | $47,341 | $38,061 |
| 2018 | $1,544 | $83,728 | $46,413 | $37,315 |
| 2017 | $1,524 | $82,087 | $45,503 | $36,584 |
| 2016 | $1,498 | $80,478 | $44,611 | $35,867 |
| 2015 | $1,483 | $79,270 | $43,941 | $35,329 |
| 2014 | $1,455 | $77,718 | $43,081 | $34,637 |
Source: Public Records
Agents Affiliated with this Home
-
Nick Gould
Seller's Agent in 2024
Nick Gould
Gould Group Inc
(925) 998-1315
2 in this area
13 Total Sales
-
Tim Carr
Seller's Agent in 2024
Tim Carr
Tim Carr Group
(949) 629-7083
14 in this area
160 Total Sales
-
Yolla Zogheib
Buyer's Agent in 2024
Yolla Zogheib
Century 21 Masters
(909) 261-0624
1 in this area
37 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP24232571
APN: 425-164-20
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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