NOT LISTED FOR SALE

316 Broadway Costa Mesa, CA 92627

Downtown Costa Mesa Neighborhood
4 Beds
2 Baths
1,741 Sq Ft
6,534 Sq Ft Lot

Last Sold April 20, 2021

Last sale price $1,750,000 $1,005 Per Sq Ft

5 Days on Market

Highlights

  • No Units Above
  • Open Floorplan
  • Private Yard
  • Mariners Elementary School Rated A
  • Property is near a park
  • No HOA

About This Home

As of April 2021

Come take advantage of this amazing opportunity to invest in a highly sought-after and tightly-held property that’s being offered to the market for the first time in thirty years! This stunning duplex is ideal for those looking to move in and rent out one residence, or you could choose to offer both homes to the rental market and enjoy fantastic returns on your investment. There are two separate units, including one two-story, two-bedroom, and one-bath abode set at the back of the lot with a deck and private yard. The second home is set at the front with a single-story layout offering two bedrooms and one bath along with light-filled living spaces. No HOA fees, add further appeal to this impressive property as will the prized location that’s sure to please. The property is set within the desirable Newport Mesa School District and Mariners School District, and 17th Street’s restaurants, bars, and coffee shops are all within close distance. World-famous beaches are moments away along with public transportation, parks, and more essentials. Come take a tour to experience this versatile property all for yourself!

Last Agent to Sell the Property

Breanna LePante

Douglas Elliman Of California License #01919560 Listed on: 03/04/2021

Douglas Elliman Of California

Last Buyer's Agent

Breanna LePante

Douglas Elliman Of California License #01919560 Listed on: 03/04/2021

Douglas Elliman Of California

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 6,534 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Sprinkler System
  • Private Yard
  • Lawn
  • Back and Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,741 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Living Room with Fireplace
  • Neighborhood Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry Located Outside
  • Dryer

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near a park

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Tax Lot 44
  • Tax Tract Number 1101
  • Assessor Parcel Number 11725305

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Eastside South Subdivision

Recreation

  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Cable TV Expense $2,400
  • Electric Expense $600
  • Gardener Expense $1,200
  • Insurance Expense $3,420
  • Water Sewer Expense $720
  • Gross Income $70,000
  • Net Operating Income $56,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: PRIMARY
  • Other Phone Number: 9492332508
  • Property Attached: Yes
  • Subdivision Name Other: Eastside South (ESCM)
  • View: Yes
  • Water Sewer Expenses: 720.00
  • Zoning: R-2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 11725305
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Open Floorplan
  • Stories: 2
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Fireplace Features: Living Room
  • Levels: One, Two
  • Price Per Square Foot: 1005.17

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, In Garage, Individual Room, Outside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard, Lawn, Lot 6500-9999, Park Nearby, Sprinkler System, Yard
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Water

Multi Family

  • Cable TV Expense: 2400.00
  • Electric Expense: 600.00
  • Gross Income: 70000.00
  • Gross Scheduled Income: 65000.00
  • Insurance Expense: 3420.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 56500.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 8500.00
  • Rent Control: No

Tax Info

  • Tax Census Tract: 633.02
  • Tax Lot: 44
  • Tax Tract Number: 1101

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
04/20/2021 04/20/21 Sold $1,750,000 +3.1% $1,005 / Sq Ft
03/10/2021 03/10/21 Pending -- -- --
03/04/2021 03/04/21 For Sale $1,698,000 -- $975 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Breanna LePante

    Seller's Agent in 2021

    Breanna LePante

    Douglas Elliman Of California

    (949) 233-2508

    7 in this area

    52 Total Sales

    Breanna LePante
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP21042803

California Regional Multiple Listing Service (CRMLS)

APN: 117-253-05

California Orange County Costa Mesa 92627 Downtown Costa Mesa

316 Broadway, Costa Mesa, CA

This home is located at 316 Broadway, Costa Mesa, CA 92627 since 04 March 2021. This property was built in 1945. 316 Broadway is a home located in Orange County with nearby schools including Mariners Elementary School, 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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