280 East 16th Street

Costa Mesa, CA 92627

$2,550,000
Price
4
Beds
4
Baths
3,134 Sq. Ft.
$814 / Sq. Ft.
3,134
Sq. Ft.
$814
per Sq. Ft.

Description

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...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.
  1. Listed by Jeffrey Newman • DRE #01164496 • Brokerage DRE #01390761 • Newman Properties, Inc • 714-504-1915

Property Details for 280 East 16th Street

Parking Spaces Total
4
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
3134
Assessor Parcel Number
425-221-13
Property Attached YN
true

Location

Listing Courtesy of Newman Properties, Inc, Jeffrey Newman, DRE #01164496
Add your commute
LISTING UPDATED: 03/13/2024 11:17 PM

Property Details for 280 East 16th Street

StatusActive
MLS #NP24002007
Days on Market51
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.16 AC / 6,970 SF
CountyOrange County

Location

Listing Courtesy of Newman Properties, Inc, Jeffrey Newman, DRE #01164496
Add your commute

Building Information for 280 East 16th Street

Stories2Residences-Year Built1964Building Size-Lot Size0.16 AC / 6,970 SF

Payment Calculator

$14,110 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,916

Property Taxes

$194

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 280 East 16th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $78,600
  • Gross Scheduled Income: $81,000
  • Net Operating Income: $78,600
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $2,400
  • Fuel Expense: $0
  • Electric Expense: $120
  • Insurance Expense: $2,400
  • Trash Expense: $2,400
  • Water Sewer Expense: $1,200
  • Total Expenses: $5,700
Tax / Assessment Info
  • Tax Tract Number: 251
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 9
Community / Development
Community / Development
  • Community Features: Biking, Curbs, Dog Park, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: ground front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Total Rent: $5,100
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Total Rent: $1,650
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Total Rent: $0
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 280 East 16th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 280 East 16th Street

Taxable ValueLand$26,557Additions$73,464Total$100,021
Tax Record2023$2,323 ($194 / month)
Home Facts
Total Finished SqFt3,134 SqFtAbove Grade Finished SqFt3,134 SqFtStories2Lot Size7,003 SqFtStyleTriplexYear Built1964CountyORANGEAPN425-221-13

Schools near 280 East 16th Street

This home is within Newport-Mesa Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Newport Heights Elementary School
PublicK to 6

Horace Ensign Intermediate School
Public7 to 8

Newport Harbor High School
Public9 to 12

Monte Vista High School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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280 East 16th Street is a multi-family home for sale in Costa Mesa, CA 92627. This property was listed for sale on March 8, 2024 by Newman Properties, Inc, it's currently listed at $2,550,000. This listing's school district is Newport-Mesa Unified School District. Nearby schools include Newport Heights Elementary School, Horace Ensign Intermediate School and Newport Harbor High School. 280 East 16th Street is a 4-bed, 4-bath, 3,134 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Newman Properties, Inc, Jeffrey Newman, DRE #01164496

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.