$9,566,590
SOLD JUL 2, 2025
3 Beds
2 Baths
18,355 Sq Ft
25,395 Sq Ft Lot

Recently Sold

$521 Per Sq Ft

1% Above List Price

12 Days on Market

Highlights

  • 0.58 Acre Lot
  • Laundry Room
  • 8 Car Garage
  • Mariners Elementary School Rated A

About This Home

As of July 2025

Split between 313 and 325 E. 17th Place, (12 and 10 units, respectively) these two contiguous parcels with separate APNs hold six 1-bed/1-bath and sixteen 2-bed/1-bath units. There are 22 units laid out in a classic two-story garden-style format with central courtyards. It’s the kind of property people point at and say, “WOW, that’s your building?” Yeah. That one.
This 22 unit gem is tucked just behind the electric pulse of OC’s “it place” — 17th Street, in the heart of Eastside Costa Mesa, where coastal chill meets creative grit. This neighborhood doesn’t just check boxes — it defines lifestyle. It’s a place where surfboards share garage space with stylish startups — and where renters NEED to stay.
You’re minutes from Newport Beach, a quick shot to South Coast Plaza or Fashion Island, but the real draw is right here: the magnetic energy of the Eastside. For multifamily investors, this isn’t an up-and-comer — it’s a fully-arrived market that’s only headed in one direction: up.
80% of the units have been updated with modern finishes and LVP flooring, while the infrastructure holds strong: copper plumbing repipe, roof replaced within the last ~10 years, termite tented ~5 years ago, individual water heaters, and separate gas/electric meters. Parking includes 8 garages and 10 additional spaces — a serious edge in a neighborhood that’s always buzzing.
This is a cashflowing asset with curb appeal, street cred, and upside — a pride-of-ownership property that savvy investors want in their portfolio, not just for returns, but for reputation.

Last Agent to Sell the Property

Christian Walsh

Berkshire Hathaway HomeServices California Properties Brokerage Phone: 949-677-3466 License #01804983 Listed on: 04/25/2025

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Mike O’Neill

CB Richard Ellis, Inc. License #02036937

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 25,397 Sq Ft Lot
  • Two or More Common Walls
  • 42501112

Parking

  • 8 Car Garage
  • 10 Open Parking Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Apartment
  • Entry on the 1st floor
  • Composition Roof

Interior Spaces

  • 18,355 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 16
  • Tax Tract Number 659
  • Assessor Parcel Number 42501111
  • $4,767 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 22 Units
  • Eastside Central Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 22 Leased Units
  • 24 Separate Electric Meters
  • 24 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,500
  • Fuel Expense $900
  • Gardener Expense $3,600
  • Insurance Expense $12,000
  • Maintenance Expense $12,000
  • Professional Management Expense $33,336
  • Trash Expense $12,000
  • Water Sewer Expense $20,894
  • New Taxes Expense $100,000
  • Operating Expense $184,230
  • Gross Income $670,020
  • Net Operating Income $479,123

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0.58 Acres

Parking

8

Listing Details

  • CapRate: 5.10
  • Professional Management Expense: 33336.00
  • Property Attached: Yes
  • Subdivision Name Other: Eastside Central (ECCM)
  • Water Sewer Expenses: 20894.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 3600.00
  • Parcel Number: 42501111
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 521.20

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 18.00
  • Uncovered Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 12000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 42501112
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 25397.00
  • Lot Size Acres: 0.5830

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1500.00
  • Fuel Expense: 900.00
  • Gross Income: 670020.00
  • Gross Scheduled Income: 670020.00
  • Insurance Expense: 12000.00
  • Lot Size Area: 25397.0000 Square Feet
  • Maintenance Expense: 12000.00
  • Net Operating Income: 479123.00
  • Number Of Separate Electric Meters: 24
  • Number Of Separate Gas Meters: 24
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 22
  • Number Of Units Total: 22
  • Operating Expense: 184230.00
  • Rent Control: No
  • Total Actual Rent: 670020.00
  • Total Expenses: 184230.00

Tax Info

  • New Taxes Expense: 100000.00
  • Tax Census Tract: 633.02
  • Tax Lot: 16
  • Tax Tract Number: 659
  • TaxOtherAnnualAssessmentAmount: 4767.00
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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 List to Sale Price per Sq Ft
07/02/2025 07/02/25 Sold $9,566,590 +0.7% $521 / Sq Ft
05/07/2025 05/07/25 Pending -- -- --
04/25/2025 04/25/25 For Sale $9,499,000 -- $518 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $18,757 $1,356,156 $980,088 $376,068
2024 $18,757 $1,329,565 $960,870 $368,695
2023 $18,121 $1,303,496 $942,030 $361,466
2022 $17,290 $1,277,938 $923,559 $354,379
2021 $16,563 $1,252,881 $905,450 $347,431
2020 $16,403 $1,240,035 $896,166 $343,869
2019 $16,129 $1,215,721 $878,594 $337,127
2018 $15,837 $1,191,884 $861,367 $330,517
2017 $15,577 $1,168,514 $844,477 $324,037
2016 $15,256 $1,145,602 $827,918 $317,684
2015 $15,090 $1,128,394 $815,481 $312,913
2014 $14,744 $1,106,291 $799,507 $306,784
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25090611

California Regional Multiple Listing Service (CRMLS)
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