383 16th Place, Unit B

Costa Mesa, CA 92627

$2,100,000
Last Sold Price
6
Beds
6
Baths
2,630 Sq. Ft.
$798 / Sq. Ft.
2,630
Sq. Ft.
$798
per Sq. Ft.

Description

Address is for both units A & B. Fully leased duplex located in desirable eastside of Costa Mesa. Current rents are $4,000 and $4,100. Blocks from Newport Beach and entertainment zone of 17th Street. This 2-unit Spanish-style investment property has been fully renovated with remodeled kitchens, baths, flooring, appliances, windows, etc. Each unit is 3 bedroom, 2.5 baths and feels like a home featuring a fireplace, master suite with balcony, large fenced patio with power awning. HVAC installed in...Address is for both units A & B. Fully leased duplex located in desirable eastside of Costa Mesa. Current rents are $4,000 and $4,100. Blocks from Newport Beach and entertainment zone of 17th Street. This 2-unit Spanish-style investment property has been fully renovated with remodeled kitchens, baths, flooring, appliances, windows, etc. Each unit is 3 bedroom, 2.5 baths and feels like a home featuring a fireplace, master suite with balcony, large fenced patio with power awning. HVAC installed in 2018. For the astute investor, there is a free-standing 2-car garage which may qualify to be converted to a ADU and provide an additional stream of income. Buyer to investigate with city. Note: Property looks much better than these picture. Professional photos are pending.
  1. Listed by Nancy Moeller • DRE #01727426 • Brokerage DRE #00745605 • Seven Gables Real Estate
  2. Listed by Todd Moeller • DRE #01762788 • Brokerage DRE #00745605 • Seven Gables Real Estate

Property Details for 383 16th Place, Unit B

Parking Spaces Total
5
Private Pool
No
Cooling Type
Central
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2630
Assessor Parcel Number
425-191-09

Location

Listing Courtesy of Seven Gables Real Estate, Nancy Moeller, DRE #01727426; Seven Gables Real Estate, Todd Moeller, DRE #01762788

Sold By Empire Property Management, Dawn Pfaff, DRE #01280067

Add your commute
LISTING UPDATED: 06/30/2021 09:51 AM

Property Details for 383 16th Place, Unit B

StatusClosed
MLS #PW21095527
Days on Market9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1972
Lot Size0.17 AC / 7,405 SF
CountyOrange County

Location

Listing Courtesy of Seven Gables Real Estate, Nancy Moeller, DRE #01727426; Seven Gables Real Estate, Todd Moeller, DRE #01762788

Sold By Empire Property Management, Dawn Pfaff, DRE #01280067

Add your commute

Building Information for 383 16th Place, Unit B

Stories2Residences-Year Built1972Building Size-Lot Size0.17 AC / 7,405 SF

Payment Calculator

$12,286 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,461

Property Taxes

$825

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 383 16th Place, Unit B

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Water
Income / Expense / Tax Details
Income Details
  • Gross Income: $97,200
  • Gross Scheduled Income: $97,200
  • Net Operating Income: $73,018
  • Current Financing: None
  • Financing: Cash
Expense Details
  • Operating Expense: $24,182
  • New Taxes Expense: $23,160
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,022
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $24,182
Tax / Assessment Info
  • Tax Tract Number: 15007
  • Tax Census Tract: 633.02
  • Tax Lot: 2
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks, Suburban
Property / Structure Info
Interior Features
  • Room Type: All Bedrooms Up, Master Bathroom, Master Bedroom
  • Bedroom Features: All Bedrooms Up, Master Bedroom
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Fireplace Features: Family Room
  • Fireplace Rooms: Family Room
  • Cooling: Central Air
Exterior Features
  • Window Features: Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Back Yard, Front Yard
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Garage
  • Uncovered Spaces: 3
  • Open Other Spaces Total: 3
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Garage
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,000
  • Unit Type Total Rent: $4,000
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,100
  • Unit Type Total Rent: $4,100
  • Unit Type Pro Forma: 4100
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 383 16th Place, Unit B

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 383 16th Place, Unit B

Taxable ValueLand$579,995Additions$264,152Total$844,147
Tax Record2020$9,904 ($825 / month)
Home Facts
Total Finished SqFt2,630 SqFtAbove Grade Finished SqFt2,630 SqFtLot Size7,560 SqFtStyleMulti-Family Dwelling (2-4)Year Built1972CountyORANGEAPN42519109

Schools near 383 16th Place, Unit B

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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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 Seven Gables Real Estate, Nancy Moeller, DRE #01727426; Seven Gables Real Estate, Todd Moeller, DRE #01762788

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.