Michael Arguello
Vista Pacific Realty
(657) 245-4250
17 Total Sales
2 in Downtown Costa Mesa
$1,255,000 Price Range
287 16th Place Costa Mesa, CA 92627
Downtown Costa Mesa Neighborhood
6
Beds
5
Baths
9,049
Sq Ft
0.3
Acre Lot
Highlights
- No HOA
- Central Heating
- 4-minute walk to Heller Park
- Newport Heights Elementary Rated A
- Front Yard
About This Home
As of September 2023Premium Eastside Costa Mesa rental location. One of only a few 5+ buildings below 17th St and bordering Newport Heights, the property is walking distance to all of the hip retail, shopping, bars, and restaurants that line 17th St., while providing tenants a nice place to live on a quiet street.
Rare opportunity to own this 8 unit apartment complex in an area with low rental supply/vacancy and rarely available properties. The high desirability makes the units easy to rent upon any turnover, resulting in a great long term investment as housing and rents in the area continue to appreciate.
Last Agent to Sell the Property
Skyline Commercial Real Estate License #01983950 Listed on: 04/13/2023
Last Buyer's Agent
Skyline Commercial Real Estate License #01983950 Listed on: 04/13/2023
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $60,476
Year Built
- Built in 1963
Lot Details
- 13,068 Sq Ft Lot
- 1 Common Wall
- Front Yard
Parking
- 2 Open Parking Spaces
- 2 Car Garage
- 6 Carport Spaces
- Parking Available
- Single Garage Door
- Assigned Parking
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 9,049 Sq Ft Home
- 2-Story Property
- Laundry in Kitchen
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Location
- Urban Location
Utilities
- Central Heating
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 10
- Tax Tract Number 251
- Assessor Parcel Number 42522108
- $2,860 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 8 Units
Amenities
- Laundry Facilities
Building Details
- 8 Leased Units
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- Electric Expense $460
- Gardener Expense $1,440
- Insurance Expense $4,525
- Maintenance Expense $6,000
- Trash Expense $3,998
- Water Sewer Expense $4,059
- New Taxes Expense $58,077
- Operating Expense $84,308
- Gross Income $275,160
- Net Operating Income $185,349
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
Nov 21, 2025
Sold by
Rvvp Llc
Bought by
Purchase Details
Listed on
Apr 13, 2023
Closed on
Aug 28, 2023
Sold by
Waverider Circle Llc
Bought by
Rwp Llc
Seller's Agent
Chris Pettit
Skyline Commercial Real Estate
Buyer's Agent
Chris Pettit
Skyline Commercial Real Estate
List Price
$5,750,000
Sold Price
$5,000,000
Premium/Discount to List
-$750,000
-13.04%
Views
38
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,775,000
Interest Rate
6.78%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 30, 2018
Closed on
Mar 6, 2019
Sold by
Wachtel Catherine S and Deprosse Alissa C
Bought by
Waverider Circle Llc
Seller's Agent
Christian Walsh
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Gary Tolfa
Triqor Group
List Price
$4,000,000
Sold Price
$3,725,000
Premium/Discount to List
-$275,000
-6.88%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.90%
Original Mortgage
$55,000
Interest Rate
4.3%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 26, 2012
Sold by
Baker Smith Llc
Bought by
16Th Place Apartments Llc
Purchase Details
Closed on
Jan 23, 2012
Sold by
Lawrencek100 Llc
Bought by
Baker Smith Llc
Purchase Details
Closed on
Oct 12, 2006
Sold by
Wiedlund Eugene Arden
Bought by
Lawrencek100 Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,165,000
Interest Rate
6.12%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Dec 18, 2000
Sold by
Wiedlund Eugene Arden
Bought by
Wiedlund Eugene Arden and The Julia L Wiedlund Family Trust
Purchase Details
Closed on
Jan 7, 1994
Sold by
Wiedlund Eugene Arden
Bought by
Wiedlund Eugene Arden and Julia L Wiedlund Family Trust
Purchase Details
Closed on
Feb 1, 1993
Sold by
Wiedlund Eugene Arden
Bought by
Wiedlund Eugene Arden and Julia L Wiedlund Family Trust
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Costa Mesa, CA
-
Michael Arguello
-
Rob Brandon
Rob Brandon
JohnHart Real Estate
(949) 751-1335
54 Total Sales
1 in Downtown Costa Mesa
$1,710,000 Price
-
Drew D'Angelo
Drew D'Angelo
Kase Real Estate
(949) 867-6319
75 Total Sales
4 in Downtown Costa Mesa
$1.5M - $4.7M Price Range
-
Susan Koss-Vetter
Susan Koss-Vetter
First Team Real Estate
(949) 570-5669
5 Total Sales
1 in Downtown Costa Mesa
$1,120,000 Price
-
Mark Lear
Mark Lear
WERE Real Estate Inc
(657) 223-8121
353 Total Sales
2 in Downtown Costa Mesa
$1,065,000 Price Range
-
Drew Teicheira
Drew Teicheira
Harcourts Place
(877) 672-0775
89 Total Sales
2 in Downtown Costa Mesa
$1.3M - $1.9M 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 |
|---|---|---|---|
| -- | Fidelity National Title | ||
| Rwp Llc | $3,290,500 | Ticor Title | |
| Waverider Circle Llc | $3,725,000 | Stewart Title Company | |
| 16Th Place Apartments Llc | -- | None Available | |
| Baker Smith Llc | $1,168,000 | None Available | |
| Lawrencek100 Llc | -- | North American Title Co | |
| Wiedlund Eugene Arden | -- | -- | |
| Wiedlund Eugene Arden | -- | -- | |
| Wiedlund Eugene Arden | -- | -- | |
| Wiedlund Eugene Arden | -- | -- | |
| Wiedlund Eugene Arden | -- | -- | |
| Wiedlund Eugene Arden | -- | -- | |
| Wiedlund Eugene Arden | -- | -- | |
| Wiedlund Eugene Arden | -- | -- | |
| Wiedlund Eugene Arden | -- | -- |
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 | $1,775,000 | ||
| Previous Owner | Waverider Circle Llc | $1,775,000 | |
| Previous Owner | Waverider Circle Llc | $55,000 | |
| Previous Owner | 16Th Place Apartments Llc | $1,600,000 | |
| Previous Owner | Lawrencek100 Llc | $1,143,000 | |
| Previous Owner | Lawrencek100 Llc | $1,165,000 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 09/01/2023 09/01/23 | Sold | $5,000,000 | -4.8% | $553 / Sq Ft | |
| 06/05/2023 06/05/23 | Price Changed | $5,250,000 | -4.5% | $580 / Sq Ft | |
| 05/04/2023 05/04/23 | Price Changed | $5,499,000 | -4.4% | $608 / Sq Ft | |
| 04/13/2023 04/13/23 | For Sale | $5,750,000 | +54.4% | $635 / Sq Ft | |
| 04/04/2019 04/04/19 | Sold | $3,725,000 | -1.8% | $412 / Sq Ft | View Prior Sale |
| 01/28/2019 01/28/19 | Pending | -- | -- | -- | |
| 01/10/2019 01/10/19 | Price Changed | $3,795,000 | -2.6% | $419 / Sq Ft | |
| 10/22/2018 10/22/18 | Price Changed | $3,895,000 | -2.6% | $430 / Sq Ft | |
| 08/30/2018 08/30/18 | For Sale | $4,000,000 | -- | $442 / 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 | $3,192 | $244,840 | $75,552 | $176,288 |
| 2025 | $3,192 | $239,901 | $74,070 | $172,831 |
| 2024 | $3,161 | $235,061 | $72,618 | $169,443 |
| 2023 | $3,115 | $237,316 | $71,195 | $166,121 |
| 2022 | $3,056 | $225,663 | $69,799 | $162,864 |
| 2021 | $3,030 | $221,101 | $68,430 | $159,671 |
| 2020 | $2,998 | $225,763 | $67,729 | $158,034 |
| 2019 | $3,018 | $221,337 | $66,401 | $154,936 |
| 2018 | $2,843 | $216,997 | $65,099 | $151,898 |
| 2017 | $2,781 | $212,743 | $63,823 | $148,920 |
| 2016 | $2,609 | $208,573 | $62,572 | $146,001 |
| 2015 | $2,559 | $205,440 | $61,632 | $143,808 |
| 2014 | $2,438 | $201,417 | $60,425 | $140,992 |
Source: Public Records
Agents Affiliated with this Home
-
Chris Pettit
Seller's Agent in 2023
Chris Pettit
Skyline Commercial Real Estate
(949) 688-6530
2 in this area
21 Total Sales
-
Christian Walsh
Seller's Agent in 2019
Christian Walsh
Berkshire Hathaway HomeServices California Properties
(949) 677-3466
3 in this area
68 Total Sales
-
Gary Tolfa
GT
Buyer's Agent in 2019
Gary Tolfa
Triqor Group
(310) 880-2900
3 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC23060572
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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