Karla Stagman
Compass
(949) 732-1762
57 Total Sales
7 in Downtown Costa Mesa
$1M - $3.4M Price Range
276 16th Place Costa Mesa, CA 92627
Downtown Costa Mesa Neighborhood
4
Beds
3
Baths
3,144
Sq Ft
6,233
Sq Ft Lot
Highlights
- Forced Air Heating System
- Laundry Facilities
- 4-minute walk to Heller Park
- Newport Heights Elementary Rated A
- Rectangular Lot
About This Home
As of November 2024Discover 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
D E Properties Brokerage Phone: 949-903-0322 License #01506837 Listed on: 09/25/2024
Last Buyer's Agent
General NONMEMBER
NONMEMBER MRML
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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
- Entry on the 1st floor
Interior Spaces
- 3,144 Sq Ft Home
- 2-Story Property
- Living Room with Fireplace
- Gas And Electric Dryer Hookup
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
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
Amenities
- Laundry Facilities
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
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
Listed on
Sep 25, 2024
Closed on
Oct 10, 2024
Sold by
Bought by
Seller's Agent
Justin Reynolds
D E Properties
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$2,100,000
Sold Price
$2,050,000
Premium/Discount to List
-$50,000
-2.38%
Views
9
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,537,500
Interest Rate
5.88%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 28, 2016
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Costa Mesa, CA
-
Karla Stagman
-
Michelle Fairchild
Michelle Fairchild
Premiere Choice Mfd Housing
(657) 312-4228
251 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
-
Rob Brandon
Rob Brandon
JohnHart Real Estate
(949) 751-1335
54 Total Sales
1 in Downtown Costa Mesa
$1,710,000 Price
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 |
|---|---|---|---|
| $2,050,000 | Wfg National Title | ||
| -- | None Available |
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 |
|---|---|---|---|
| Open | $1,533,000 | ||
| Closed | $1,537,500 |
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 |
|---|---|---|---|---|
| 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
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 | $24,171 | $2,091,000 | $1,949,437 | $141,563 |
| 2025 | $3,502 | $2,050,000 | $1,911,212 | $138,788 |
| 2024 | $3,502 | $95,987 | $27,084 | $68,903 |
| 2023 | $3,232 | $94,105 | $26,553 | $67,552 |
| 2022 | $2,900 | $92,260 | $26,032 | $66,228 |
| 2021 | $2,633 | $90,451 | $25,521 | $64,930 |
| 2020 | $2,565 | $89,524 | $25,259 | $64,265 |
| 2019 | $2,498 | $87,769 | $24,764 | $63,005 |
| 2018 | $2,444 | $86,049 | $24,279 | $61,770 |
| 2017 | $2,419 | $84,362 | $23,803 | $60,559 |
| 2016 | $2,388 | $82,708 | $23,336 | $59,372 |
| 2015 | $2,365 | $81,466 | $22,985 | $58,481 |
| 2014 | $2,328 | $79,871 | $22,535 | $57,336 |
Source: Public Records
Agents Affiliated with this Home
-
Justin Reynolds
J
Seller's Agent in 2024
Justin Reynolds
D E Properties
(949) 645-8711
2 in this area
7 Total Sales
-
G
Buyer's Agent in 2024
General NONMEMBER
NONMEMBER MRML
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP24199611
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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