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Costa Mesa, CA 92627 280 E 16th St.

$2,550,000

280 E 16Th St. Costa Mesa, Ca - Image 1280 E 16Th St. Costa Mesa, Ca - Image 2280 E 16Th St. Costa Mesa, Ca - Image 3
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Presented By: Jeffrey Newman with Newman Properties, Inc; 714-504-1915
  • MLS# NP24002007
  • 03/07/2024
  • Request Tour
  • Request Info
  • BedBeds • 6
  • BathBaths • 3
  • FootageSQFT • 3,134
  • GarageGarage • 4

Home Details

280 E. 16th St. (4plex) to be sold together with 282 E. 16th St. (duplex). WILL NOT BE SOLD SEPARATELY. Both properties well maintained with great rental history and leases in place. Two 2 bed 1 bath units. One lease ends in May 2024 another ends in September 2025. Two 1 bed 1 bath units, one currently available, one lease end September 2024. 3 single car garages in a separate stand alone structure, plus 3 uncovered parking spaces. Property shows excellent pride of ownership. Great opportunity for upside in rents or develop both properties. All units are in good condition with some recent upgrades. Eastside is one of the most sought after locations in Costa Mesa and Newport Beach. Close to beach, shopping, parks, schools, and freeway access. Come live the good life; live in one, rent the rest. Pics tomorrow.
Presented By: Jeffrey Newman with Newman Properties, Inc; 714-504-1915

Interior Features for 280 E 16th St.

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2

Other Rooms

Entry Level1

General for 280 E 16th St.

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityCosta Mesa
Community FeaturesBiking, Curbs, DogPark, StreetLights, Suburban
CountyOrange
Current FinancingConventional
Days on Market6
DirectionsNewport Blvd to 16th St., East to property address
Electric Expense120.0
Entry Locationground front
Expected Active Date 2024-03-08
Fuel Expense0.0
Garage Spaces4.0
Garage Y/NYes
Gross Income78600.0
HOA0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense2400.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsItem1031Exchange
Lot Size Square Feet6970.0
MLS AreaC5 - East Costa Mesa
MobileHomeRemainsYNNo
Net Operating Income78600.0
New ConstructionNo
Number of Units Leased3
Operating Expense2400.0
Pool FeaturesNone
PossessionSeeRemarks
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street Name16th St.
Tax Lot9
Total Actual Rent6750.0
Total Units4
Trash Expense2400.0
View Y/NNo
Virtual TourClick here
Virtual TourClick here
Water Sewer Expense1200.0
Waterfront Y/NNo
Year Built1964
Year Built SourcePublicRecords

Exterior for 280 E 16th St.

Building Area Total3134.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.16
Lot Size Area6970.0
Lot Size SourcePublicRecords
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,550,000
MLS#NP24002007
List Date 03/07/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors