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

Sale Details

Date Sold: May 4, 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 in unit
  • 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

6,970 Sq Ft Lot

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

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
Dec 29, 2022
Sold by
Bought by

Purchase Details

Closed on
Oct 15, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,000
Interest Rate
0.0405%
Mortgage Type
New Conventional
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- Fidelity National Title
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 $720,000
Previous Owner $720,000
Previous Owner $345,000
Previous Owner $376,000
Previous Owner $387,000
Previous Owner $313,500
Previous Owner $235,000
Previous Owner $235,000
Previous Owner $238,000
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
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

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
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

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