Costa Mesa, CA 92627 276 E 16th Place

Pending
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Presented By: Justin Reynolds with D E Properties; 949-903-0322
  • MLS# NP24199611
  • 09/25/2024
  • Request Tour
  • Request Info
  • Beds • 2
  • Baths • 1
  • SQFT • 3,144
  • Garage • 3

Home Details

Discover this fantastic investment opportunity in the highly sought-after Eastside Heights community of Costa Mesa! This well-maintained triplex features three unique units, offering great versatility for tenants or owner-occupied investment. Two Townhome-Style Units (B & C): Two spacious 2-bedroom, 1.5 bath units, each with 1,104 sq. ft., provide comfortable living with large living rooms, half bath's downstairs, kitchen and dining area as well as private patios. Both units come with in-unit laundry rooms and garage parking for added convenience. Unit C has just been beautifully updated with a brand-new kitchen featuring quartz countertops and new cabinets, a fully remodeled bathroom, fresh paint, and new carpet— vacant and ready for immediate occupancy. Front Unit (A): A cozy 936 sq. ft. unit with 2 bedrooms, plus a den, 1 bathroom, a private patio, and its own laundry area. Ideal for tenants or personal use! With garage parking for all units, this property is an ideal choice for long-term rental potential or as a multi-generational home. Nestled in an amazing location close to parks, shopping, and dining, this triplex combines comfortable living with investment potential. Don’t miss out on this great opportunity in Costa Mesa’s Eastside Heights!
Presented By: Justin Reynolds with D E Properties; 949-903-0322

Interior Features for 276 E 16th Place

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace FeaturesLivingRoom
Fireplace Y/NYes
Heating Y/NYes
Laundry FeaturesElectricDryerHookup, GasDryerHookup
Total Stories2

Other Rooms

Entry Level1

General for 276 E 16th Place

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.34
Carport Y/NNo
CityCosta Mesa
Community FeaturesSidewalks
ContingencyBuyer to cooperate with seller 1031 exchange. Seller already under contract with replacement property. COE to be 40 days or less.
CoolingNone
CountyOrange
DirectionsSanta Ana to 16th Place
Electric Expense0.0
Electric On Property Y/NNo
Entry LocationGround floor
Fuel Expense0.0
Garage Spaces3.0
Garage Y/NYes
Gross Income106800.0
HOANo
HeatingForcedAir
Home Warranty Y/NNo
Insurance Expense2800.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet6233.0
Lot Size UnitsSquareFeet
MLS AreaC5 - East Costa Mesa
MobileHomeRemainsYNNo
Net Operating Income98800.0
New ConstructionNo
NumberOfUnitsTotal3
Open Parking Spaces1.0
Operating Expense8000.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalTriplex
Property SubTypeTriplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Subdivision NameEastside Heights (EHCM)
Tax Lot15
Tenant PaysElectricity, Gas
TermsExchange1031
Trash Expense0.0
Water Sewer Expense1059.0
Waterfront Y/NNo
Year Built1960
Year Built SourceEstimated

Exterior for 276 E 16th Place

Building Area Total3144.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesRectangularLot
Lot Size Acres0.1431
Lot Size Area6233.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters0
Open Parking Y/NNo
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group REALTOR® DRE 02015480
Price $2,100,000
MLS#NP24199611
List Date 09/25/2024
Property Type Pending
Phone 310.658.1749
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