$2,050,000
SOLD NOV 6, 2024

276 16th Place Costa Mesa, CA 92627

Downtown Costa Mesa Neighborhood
4 Beds
3 Baths
3,144 Sq Ft
6,233 Sq Ft Lot

Recently Sold

$652 Per Sq Ft

2% Below List Price

7 Days on Market

Highlights

  • Laundry Room
  • Forced Air Heating System
  • 4-minute walk to Heller Park
  • Newport Heights Elementary Rated A
  • Rectangular Lot

About This Home

As of November 2024

Discover this fantastic investment opportunity in the highly sought-after Eastside Heights community of Costa Mesa! This well-maintained triplex features three unique units, offering great versatility for tenants or owner-occupied investment.

Two Townhome-Style Units (B & C): Two spacious 2-bedroom, 1.5 bath units, each with 1,104 sq. ft., provide comfortable living with large living rooms, half bath's downstairs, kitchen and dining area as well as private patios. Both units come with in-unit laundry rooms and garage parking for added convenience. Unit C has just been beautifully updated with a brand-new kitchen featuring quartz countertops and new cabinets, a fully remodeled bathroom, fresh paint, and new carpet— vacant and ready for immediate occupancy.

Front Unit (A): A cozy 936 sq. ft. unit with 2 bedrooms, plus a den, 1 bathroom, a private patio, and its own laundry area. Ideal for tenants or personal use!

With garage parking for all units, this property is an ideal choice for long-term rental potential or as a multi-generational home. Nestled in an amazing location close to parks, shopping, and dining, this triplex combines comfortable living with investment potential. Don’t miss out on this great opportunity in Costa Mesa’s Eastside Heights!

Last Agent to Sell the Property

Justin Reynolds

D E Properties Brokerage Phone: 949-903-0322 License #01506837 Listed on: 09/25/2024

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 6,233 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Parking

  • 1 Open Parking Space
  • 3 Car Garage

Home Design

  • Triplex

Interior Spaces

  • 3,144 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 15
  • Tax Tract Number 2996
  • Assessor Parcel Number 42522217
  • $2,245 per year additional tax assessments

Community Details

Overview

  • 3 Units
  • Eastside Heights Subdivision

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Insurance Expense $2,800
  • Other Expense $5,000
  • Water Sewer Expense $1,059
  • Operating Expense $8,000
  • Gross Income $106,800
  • Net Operating Income $98,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

3

Listing Details

  • CapRate: 5.34
  • Price Per Unit: 700000
  • Property Attached: No
  • Subdivision Name Other: Eastside Heights (EHCM)
  • Water Sewer Expenses: 1059.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 42522217
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Entry Location: Ground floor
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Price Per Square Foot: 652.04

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6233.00
  • Lot Size Acres: 0.1431

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 106800.00
  • Gross Scheduled Income: 106800.00
  • Insurance Expense: 2800.00
  • Lot Size Area: 6233.0000 Square Feet
  • Net Operating Income: 98800.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Disposal: 3
  • Number With Drapes: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Operating Expense: 8000.00
  • Other Expense: 5000.00
  • Other Expense Description: Misc.
  • Rent Control: Yes
  • Total Expenses: 8000.00

Tax Info

  • Tax Census Tract: 633.01
  • Tax Lot: 15
  • Tax Tract Number: 2996
  • TaxOtherAnnualAssessmentAmount: 2245.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2024 11/06/24 Sold $2,050,000 -2.4% $652 / Sq Ft
10/02/2024 10/02/24 Pending -- -- --
09/25/2024 09/25/24 For Sale $2,100,000 -- $668 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Justin Reynolds

    D E Properties

    (949) 645-8711

    3 in this area

    9 Total Sales

    Section Image

  • N

    Buyer's Agent in 2024

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    6 in this area

    5,774 Total Sales

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP24199611

California Regional Multiple Listing Service (CRMLS)

California Orange County Costa Mesa 92627 Downtown Costa Mesa

276 16th Place, Costa Mesa, CA

This home is located at 276 16th Place, Costa Mesa, CA 92627 and is currently priced at $2,050,000, approximately $652 per square foot. This property was built in 1960. 276 16th Place is a home located in Orange County with nearby schools including Newport Heights Elementary, Horace Ensign Intermediate School, and Newport Harbor High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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