282 E 16th Street Costa Mesa, CA ^$ 1,900,000

282 E 16th Street

^$ 1,900,000

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282 E 16th Street

Costa Mesa, CA, 92627

^$ 1,900,000

Bedrooms4 Baths1.0 Sq 2,000

Monthly Estimate*

^$ 12,628

Listed by Newman Properties, Inc

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Multi-Family Home for sale in Costa Mesa, CA

for $1,900,000 with 4 bedrooms and 1 full bath. This 2,000 square foot home was built in 1963 on a lot size of 0.1557.

282 E. 16th St. (duplex) to be sold together with 280 E. 16th St. (4plex). MAY BE SOLD SEPARATELY IF BOTH BUYERS AGREE TO CREATE DRIVEWAY EASEMENT AND CLOSE CONCURRENTLY (Cost of easement to be born equally by buyers and seller) Both properties well maintained, great rental history. Both units in duplex are month to month. Currently rented less than 1/2 market rents. Both units are 2 bedrooms, 1 bath, each with it's own single car garage. One garage per unit. 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.

Multi-Family Active

Price

^$ 1,900,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

MidCenturyModern

Lot Size

0.1557

Year Built

1963

Town/City

Costa Mesa

County/Region

Orange

MLS | Web ID

NP24002081

Days on Market

Features

General

Interior Features CeilingFans LaminateCounters Pantry Storage TrackLighting WiredforData AllBedroomsDown

Sewer PublicSewer

Heating Fireplaces NaturalGas

Cooling None

Utilities CableAvailable CableConnected ElectricityAvailable ElectricityConnected NaturalGasAvailable NaturalGasConnected PhoneNotAvailable SewerAvailable SewerConnected WaterAvailable WaterConnected

Roof Composition

Appliances BuiltInRange ElectricOven Freezer GasCooktop GasWaterHeater

Exterior Features Awnings Lighting RainGutters

HOA 0.0

Garage Spaces 2.0

Architectural Style MidCenturyModern

Pool Features None

Construction Materials Drywall Stucco

Year Built 1963

Electric ElectricityOnProperty Standard

Stories 1

Levels One

Property SubType Duplex

Gross Income 0.0

Community Features Biking Curbs DogPark Golf Gutters StreetLights Suburban Sidewalks Park

Accessibility Parking

County Orange

Net Operating Income 33000.0

Operating Expense 3000.0

Insurance Expense 1200.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions Newport Blvd to 16th St. East to address

City Costa Mesa

Entry Location Ground

View Y/N N

Senior Community Y/N N

Open Parking Spaces 1.0

NumberOfUnitsTotal 2

MLS Area C5 - East Costa Mesa

Lot Size Units SquareFeet

Lot Size Square Feet 6782.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name 16th

Listing Terms Item1031Exchange

Spa Features None

Property Attached Y/N N

Land Lease Y/N N

Electric Expense 0.0

Home Warranty Y/N N

Fuel Expense 0.0

Property Condition UpdatedRemodeled

Trash Expense 600.0

Water Sewer Expense 1200.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Virtual Tour https://www.wellcomemat.com/mls/55qq01ee3a1d1lj6v https://www.wellcomemat.com/video/55qq01ee3a1d1lj6v/CM/CA/92627/E-16th/NP24002081/

Days on Market 86

Building Area Units SquareFeet

Standard Status Active

Year Built Source PublicRecords

Tax Lot 9

Property Sub Type Additional Duplex

Expected Active Date 2024-03-08

Interior

Flooring Carpet Laminate Tile

Fireplace Features Gas LivingRoom RaisedHearth WoodBurning

Total Stories 1

Common Walls NoCommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Window Features Blinds Drapes Screens

Fireplace Y/N Y

Street Suffix Street

Laundry Features ElectricDryerHookup GasDryerHookup Inside LaundryRoom

Entry Level 1

Electric On Property Y/N N

Exterior

Fencing GoodCondition Privacy

Parking Features Garage

Lot Features Item01UnitAcre BackYard DripIrrigationBubblers Garden SprinklersInRear SprinklersInFront Landscaped NearPark SprinklersTimer SprinklerSystem Yard

Water Source Public

Total Parking 3.0

Lot Size Area 6782.0

Foundation Details Slab

Number of Buildings 2

Spa N

Building Area Total 2000.0

Lot Size Acres 0.1557

Road Surface Type AlleyPaved Paved

Lot Size Source Assessor

Door Features SlidingDoors

Number of Separate Water Meters 2

Number of Separate Gas Meters 2

Number of Separate Electric Meters 2

Road Frontage Type CityStreet

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 282

* Excluded Features

List By

Newman Properties, Inc

Broker

(714) 504-1915

Phone

Affordability Calculator

$12,628

Per Month

Monthly Principal & Interest: $12,628
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Costa Mesa, CA

Average List Price ^$2,780,000

Percent of Sale Price 46%

About Costa Mesa, CA

114,059 Population

4% Since 2002

^$74,468 Median Income

36.81 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/1/2024	$1,900,000	-15.56%	Price Down
3/9/2024	$2,250,000		Listed Price

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282 E 16th Street, Costa Mesa, CA, 92627 is a Multi-Family Home for sale at $1,900,000 with 2,000 sqft and a lot size of 0.1557. 282 E 16th Street has 4 bedrooms, 1.0 baths, and was built in 1963. The property's zip code is 92627 which is in Costa Mesa, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/3/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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282 E 16th Street

Multi-Family Home for sale in Costa Mesa, CA

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