NOT LISTED FOR SALE

355 E 16th St Costa Mesa, CA 92627

Downtown Costa Mesa Neighborhood
11 Beds
9 Baths
6,000 Sq Ft
1981 Built

Last Sold October 25, 2018

Last sale price $2,300,000 $383 Per Sq Ft

89 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • 5-minute walk to Pinkley Park
  • Newport Heights Elementary Rated A

About This Home

As of October 2018

Pride of ownership triplex in excellent location. Corner lot. Beautiful building! Three HUGE units, townhouse style, each with 3 or 4 bedrooms, 3 full baths, 2 car garages, additional 2nd level kitchenettes, 2nd level spacious balconies & landscaped patio areas. There are three 2-car garages plus 3 driveways for additional parking. Perfect for owner occupant or investor! Live in one & rent out the other 2! Built in 1981, 2 units updated within the last year. Interior pictures are of unit A, three new bathrooms, stairs & upstairs new bamboo flooring, new stainless steel kitchen appliances, new 6 panel doors, new vertical blinds. All separate meters (4 water, 4 power, 3 gas), well maintained, terrific location South of 17th Street, blocks to Newport Beach, close to Newport Harbor High School. Upside potential in rental income, highly desirable area, easy to rent. Close to all the shops & restaurants on 17th Street, freeway access & the beach! Must see!!

Last Agent to Sell the Property

Rich Rich

Coldwell Banker Realty License #01082344 Listed on: 06/16/2018

Coldwell Banker Realty

Last Buyer's Agent

Kevin Hoban

Kevin C. Hoban, Broker License #00924277

Kevin C. Hoban, Broker

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1981

Lot Details

  • 7,736 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • 6 Car Garage

Home Design

  • 6,000 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 9 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry in Kitchen

Listing and Financial Details

  • Assessor Parcel Number 42531169

Community Details

Overview

  • 3 Units

Building Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • 4 Separate Water Meters
  • Gardener Expense $3,000
  • Insurance Expense $3,500
  • New Taxes Expense $30,000
  • Operating Expense $7,000
  • Gross Income $134,400
  • Net Operating Income $127,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1981

Lot Details

0

Parking

6

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Eastside South (ESCM)
  • Property Type: Residential Income
  • Gardener Expense: 3000.00
  • Parcel Number: 42531169
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 383.33

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage, In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 7736.00

Multi Family

  • Gross Income: 134400.00
  • Gross Scheduled Income: 134400.00
  • Insurance Expense: 3500.00
  • Net Operating Income: 127400.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 3
  • Operating Expense: 7000.00
  • Rent Control: No
  • Total Expenses: 7000.00

Tax Info

  • New Taxes Expense: 30000.00

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
10/25/2018 10/25/18 Sold $2,300,000 -4.1% $383 / Sq Ft
09/13/2018 09/13/18 Pending -- -- --
09/08/2018 09/08/18 Price Changed $2,399,000 -4.0% $400 / Sq Ft
08/20/2018 08/20/18 Price Changed $2,499,000 -3.8% $417 / Sq Ft
06/16/2018 06/16/18 For Sale $2,599,000 -- $433 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    Rich Rich

    Coldwell Banker Realty

    (949) 644-1600

    Section Image
  • Kevin Hoban

    Buyer's Agent in 2018

    Kevin Hoban

    Kevin C. Hoban, Broker

    (562) 708-0393

    12 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP18144084

California Regional Multiple Listing Service (CRMLS)

APN: 425-311-69

California Orange County Costa Mesa 92627 Downtown Costa Mesa

355 E 16th St, Costa Mesa, CA

This home is located at 355 E 16th St, Costa Mesa, CA 92627 since 16 June 2018. This property was built in 1981. 355 E 16th St 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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