NOT LISTED FOR SALE
4 Beds
2 Baths
1,463 Sq Ft
6,970 Sq Ft Lot

Last Sold May 04, 2021

Last sale price $1,750,000 $1,196 Per Sq Ft

1 Day on Market

Highlights

  • Open Floorplan
  • Property is near public transit
  • No HOA
  • Newport Heights Elementary Rated A
  • Private Yard
  • Double Pane Windows

About This Home

As of May 2021

Set behind a private wall of greenery and carefully tended to over the years, 376 16th Place is a lovely single-level duplex located close to everything on the border of Eastside Costa Mesa & Newport Beach. Both units are 2 bed + 1 bath, have inside laundry and a "great room" feel with the Living rooms open to the Kitchens. A detached two-car garage sits at the end of the almost 7K-square foot lot that sports onsite parking for 4 more (total of 6 parking spaces). The private patios off of each unit give owners & tenants an ideal spot for kicking back in the sunshine, catching up on emails, BBQing, entertaining friends & family or just listening to the birds. Close to Heller & Pinkley Parks, an easy ride to the beach or the Back Bay and served by stellar public schools.

Last Agent to Sell the Property

Jesse Brossa

Compass License #01753432 Listed on: 04/21/2021

Compass

Last Buyer's Agent

Luke Hagenbach

Pacific Sotheby's Int'l Realty License #01309807

Pacific Sotheby's Int'l Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 6,970 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Block Wall Fence
  • Drip System Landscaping
  • Rectangular Lot
  • Level Lot
  • Private Yard
  • Garden
  • Back Yard

Parking

  • 2 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Gravel Driveway

Home Design

  • Duplex
  • Bungalow
  • Entry on the 1st floor
  • Turnkey
  • Shingle Roof
  • Asphalt Roof
  • Lap Siding
  • Stucco

Interior Spaces

  • 1,463 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Double Pane Windows
  • Blinds
  • Sliding Doors
  • Living Room

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace
  • Overhead Utilities
  • Natural Gas Connected
  • Water Heater

Additional Features

  • No Interior Steps
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 8
  • Tax Tract Number 3345
  • Assessor Parcel Number 42519214

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Bike Trail

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Electric Expense $50
  • Fuel Expense $50
  • Insurance Expense $1,500
  • Trash Expense $250
  • Water Sewer Expense $1,200
  • New Taxes Expense $18,463
  • Operating Expense $20,413
  • Gross Income $63,600
  • Net Operating Income $43,187

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 2.40
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Bungalow
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 42519214
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Open Floorplan
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 1196.17
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Main Floor Bedroom
  • Window Features: Blinds, Double Pane Windows

Exterior Features

  • Exterior Features: Lighting
  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Asphalt, Shingle
  • Spa: No
  • Construction Materials: Lap Siding, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Gravel, Garage
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Microwave, Water Heater
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Inside, Stackable, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 250.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Garden, Landscaped, Level with Street, Lot 6500-9999, Rectangular Lot, Level, Near Public Transit, Sprinklers Drip System, Utilities - Overhead, Yard
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 50.00
  • Fuel Expense: 50.00
  • Gross Income: 63600.00
  • Gross Scheduled Income: 63600.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 6970.0000 Square Feet
  • Net Operating Income: 43187.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Operating Expense: 20413.00
  • Rent Control: No
  • Total Actual Rent: 2700.00
  • Total Expenses: 20413.00

Tax Info

  • New Taxes Expense: 18463.00
  • Tax Census Tract: 633.02
  • Tax Lot: 8
  • Tax Tract Number: 3345

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
05/04/2021 05/04/21 Sold $1,750,000 +6.1% $1,196 / Sq Ft
04/23/2021 04/23/21 Pending -- -- --
04/21/2021 04/21/21 For Sale $1,650,000 -- $1,128 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $3,666 $129,974 $77,557 $52,417
2024 $3,666 $127,426 $76,036 $51,390
2023 $3,428 $124,928 $74,545 $50,383
2022 $3,172 $122,479 $73,083 $49,396
2021 $2,949 $120,078 $71,650 $48,428
2020 $2,878 $118,847 $70,915 $47,932
2019 $2,804 $116,517 $69,524 $46,993
2018 $2,745 $114,233 $68,161 $46,072
2017 $2,714 $111,994 $66,825 $45,169
2016 $2,675 $109,799 $65,515 $44,284
2015 $2,650 $108,150 $64,531 $43,619
2014 $2,606 $106,032 $63,267 $42,765
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG21082417

California Regional Multiple Listing Service (CRMLS)

APN: 425-191-17