Chad Concolino
Responds Quickly
Main Beach Realty
(949) 822-7638
22 Total Sales
1 in Downtown Costa Mesa
$1,370,000 Price
263 E 16th St Costa Mesa, CA 92627
Downtown Costa Mesa NeighborhoodEstimated Value: $1,807,658
8
Beds
4
Baths
3,770
Sq Ft
$479/Sq Ft
Est. Value
Highlights
- No HOA
- East Facing Home
- Wall Furnace
- Bike Trail
- Block Wall Fence
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
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Property Details
Home Type
- Multi-Family
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
- Entry on the 2nd floor
- Composition Roof
- Stucco
Interior Spaces
- 3,770 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 29, 2022
Sold by
Bought by
Current Estimated Value
Purchase Details
Closed on
Mar 25, 2011
Sold by
Bought by
Purchase Details
Closed on
Nov 10, 2010
Sold by
Bought by
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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Costa Mesa, CA
-
Chad Concolino
-
Karla Stagman
Karla Stagman
Compass
(949) 732-1762
57 Total Sales
7 in Downtown Costa Mesa
$1M - $3.4M Price Range
-
Michelle Fairchild
Michelle Fairchild
Premiere Choice Mfd Housing
(657) 312-4228
253 Total Sales
2 in Downtown Costa Mesa
$84K - $160K Price Range
-
Kai Jimenez
Kai Jimenez
SHELL PROPERTIES
(424) 501-2319
11 Total Sales
1 in Downtown Costa Mesa
$2,510,000 Price
-
David George
David George
Compass
(657) 315-1617
81 Total Sales
2 in Downtown Costa Mesa
$1M - $2M Price Range
-
Michael Arguello
Michael Arguello
Vista Pacific Realty
(657) 245-4250
17 Total Sales
2 in Downtown Costa Mesa
$1,255,000 Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | -- | ||
| -- | None Available | ||
| -- | Lsi |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $393,000 | ||
| Previous Owner | $417,000 | ||
| Previous Owner | $394,000 | ||
| Previous Owner | $384,000 | ||
| Previous Owner | $154,000 | ||
| Previous Owner | $152,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $2,087 | $97,170 | $53,865 | $43,305 |
| 2025 | $1,995 | $95,265 | $52,809 | $42,456 |
| 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
5 in this area
25 Total Sales
-
Tim Carr
Seller's Agent in 2024
Tim Carr
Tim Carr Group
(949) 230-8454
11 in this area
144 Total Sales
-
Yolla Zogheib
Buyer's Agent in 2024
Yolla Zogheib
Century 21 Masters
(909) 261-0624
1 in this area
35 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP24232571
APN: 425-164-20
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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