274 Palmer St Costa Mesa, CA 92627
Downtown Costa Mesa Neighborhood
5
Beds
5
Baths
2,509
Sq Ft
7,705
Sq Ft Lot
Highlights
- Wood Flooring
- Granite Countertops
- Laundry Room
- Newport Heights Elementary Rated A
- Recessed Lighting
- 4-minute walk to Heller Park
About This Home
As of April 2025PRICE REDUCED $300K+! We are pleased to present 274 Palmer Street, a 3-unit multifamily offering in a prime Eastside Costa Mesa location. The detached front house is comprised of 3 bedrooms along with 2 bathrooms, and features wood flooring, central air conditioning, and a private yard space. The other units include a 2 bedroom, 2 bath upper apartment over the 2-car garage and a studio (currently non-conforming). This property presents an attractive opportunity for either an investor interested in growing their portfolio or an owner-user looking to live in a unit while generating strong income from the other units. Buyers will be happy to know that a new roof was installed in 2023. This asset is located in one of the most desirable rental markets in Orange County and offers homeowners as well as tenants close proximity to top rated schools, beaches, parks, and all the amenities 17th Street has to offer. This is one investment opportunity you do not want to miss!
Last Agent to Sell the Property
Pacific Sotheby's Int'l Realty Brokerage Phone: 949-631-9999 License #01017277 Listed on: 01/27/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,427
Year Built
- Built in 1955
Lot Details
- 7,705 Sq Ft Lot
- No Common Walls
- Sprinkler System
- Front Yard
Parking
- 2 Car Garage
- Parking Available
Home Design
- Duplex
- Composition Roof
Interior Spaces
- 2,509 Sq Ft Home
- 2-Story Property
- Recessed Lighting
- Family Room with Fireplace
- Granite Countertops
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Additional Features
- Exterior Lighting
- Central Air
Listing and Financial Details
- Tax Lot 6
- Tax Tract Number 2466
- Assessor Parcel Number 42516206
Community Details
Overview
- 2 Buildings
- 3 Units
- Eastside Heights Subdivision
Recreation
- Bike Trail
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 27, 2025
Closed on
Mar 25, 2025
Sold by
Garth And Lori Holbrook Family Trust and Holbrook Garth
Bought by
Tanoury Peter L
Seller's Agent
Tim Carr
Pacific Sotheby's Int'l Realty
Buyer's Agent
NoEmail NoEmail
None MRML
List Price
$3,150,000
Sold Price
$2,632,500
Premium/Discount to List
-$517,500
-16.43%
Views
67
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,471
Avg. Annual Appreciation
-0.64%
Original Mortgage
$1,579,500
Outstanding Balance
$1,574,025
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$1,052,403
Purchase Details
Closed on
Jul 30, 2022
Sold by
Holbrook and Lori
Bought by
Garth And Lori Holbrook Family Trust
Purchase Details
Closed on
Oct 26, 2007
Sold by
Holbrook Garth K
Bought by
Holbrook Garth and Holbrook Lori
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
6.87%
Mortgage Type
Unknown
Purchase Details
Closed on
Jun 5, 2007
Sold by
Holbrook Garth K and Holbrook Lori K
Bought by
Holbrook Garth and Holbrook Lori
Purchase Details
Closed on
Jun 27, 2001
Sold by
Centra Ronald J and Centra Shirley
Bought by
Holbrook Garth K and Holbrook Lori K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,250
Interest Rate
7.14%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Aug 31, 1994
Sold by
Centra Ronald and Centra Shirley
Bought by
Centra Ronald Joseph and Centra Shirley
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 | $2,632,500 | Wfg National Title | |
| Deed | -- | Knarr Law Group | |
| Deed | -- | Knarr Law Group | |
| Interfamily Deed Transfer | -- | Multiple | |
| Interfamily Deed Transfer | -- | Multiple | |
| Interfamily Deed Transfer | -- | Multiple | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $695,000 | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,579,500 | New Conventional | |
| Previous Owner | $63,295 | Credit Line Revolving | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $1,050,000 | Unknown | |
| Previous Owner | $150,000 | Credit Line Revolving | |
| Previous Owner | $750,000 | Unknown | |
| Previous Owner | $660,250 | Seller Take Back |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/14/2025 04/14/25 | Sold | $2,632,500 | -7.6% | $1,049 / Sq Ft |
| 03/27/2025 03/27/25 | Pending | -- | -- | -- |
| 03/10/2025 03/10/25 | Price Changed | $2,849,000 | -4.9% | $1,136 / Sq Ft |
| 02/14/2025 02/14/25 | Price Changed | $2,995,000 | -4.9% | $1,194 / Sq Ft |
| 01/27/2025 01/27/25 | For Sale | $3,150,000 | -- | $1,255 / Sq Ft |
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 |
|---|---|---|---|---|
| 2025 | $14,427 | $1,047,253 | $907,601 | $139,652 |
| 2024 | $14,427 | $1,026,719 | $889,805 | $136,914 |
| 2023 | $14,043 | $1,006,588 | $872,358 | $134,230 |
| 2022 | $13,719 | $986,851 | $855,252 | $131,599 |
| 2021 | $13,388 | $967,501 | $838,482 | $129,019 |
| 2020 | $13,233 | $957,581 | $829,884 | $127,697 |
| 2019 | $12,989 | $938,805 | $813,611 | $125,194 |
| 2018 | $10,495 | $920,398 | $797,658 | $122,740 |
| 2017 | $10,395 | $902,351 | $782,017 | $120,334 |
| 2016 | $10,172 | $884,658 | $766,683 | $117,975 |
| 2015 | $10,076 | $871,370 | $755,167 | $116,203 |
| 2014 | $9,849 | $854,302 | $740,375 | $113,927 |
Source: Public Records
Agents Affiliated with this Home
-
Tim Carr
Seller's Agent in 2025
Tim Carr
Pacific Sotheby's Int'l Realty
(949) 230-8454
12 in this area
153 Total Sales
-
NoEmail NoEmail
N
Buyer's Agent in 2025
NoEmail NoEmail
None MRML
(646) 541-2551
6 in this area
5,818 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP25016878
APN: 425-162-06
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