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Sold on 07/26/2007
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318 E 16th St E, Costa Mesa, CA 92627

$1,997,000

Last sold 07/26/2007 for $1.13M

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    bed

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    bath

Multi-family not for sale
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About 318 E 16th St E

Property type Multi-family
Neighborhood
Year built 1970
HOA fee $0/month
Lot size 8,112 Sqft
Movoto estimate
Parking 2 garage spaces
Rental estimate
Property description
Turnkey Eastside Heights Duplex!!! Front unit was taken down to the studs in 2002 and rebuilt with all the ammenities. Don't miss this great property at a great price. Perfect for living in one unit and renting the other or for large families. Rear unit was built in the early 70's and has also been completely upgraded. Large yard with great privacy. Previously fell out of escrow at above the current asking price. One of the most turnkey properties on the market in a great location!!!
Listed by
Listing Agent - Sue Saffarrans
Listing Office - RE/MAX Select One
Source: CRMLS mls logo
MLS#S484774 • last updated 13 years ago
Movoto checked CRMLS for data 4 minutes ago
Overview
Levels/Style Multi/Split, See Remarks
Type Residential Income
Status Closed
Lot Size (Acres) 0.186
Lot Size (SqFt) 8112
Year Built 1970
Interior
Appliances Free Standing, Gas Cooking, Disposal, Range
Exterior
Construction Frame, Wood Siding
Roof Tile
Building Area 2700
Parking Driveway
# Parking Spaces 4
# Garage Spaces 2
Amenities / Utilities
Water Source Public
Spa None
Pool None
Location
County Orange
APN 42521119
Multifamily Details
Expense: Trash 720
Operating Expense 2820
Cap Rate 4.66
Expense: Insurance 1000
Expense: Water/ Sewer 600
Gross Income 4800
Gross Multiplier 20.4
Gross Scheduled Income 57600
$1.99M
Range: $1.63M-$2.35M
Last 30 days 
Rental est.: $1,829/month
Gross rent multiplier: 51.7
  • Dec 2015
    mls logo MLS # NP15213087
  • Dec 5, 2015 Sold
    $1,280,000
  • Dec 3, 2015 Sold
    $1,280,000 (-1.5%)
  • Sep 3, 2015 Listed
    $1,299,000
  • Sep 3, 2015 Listed
    $1,299,000 (+14.4%)
  • Dec 2015
    Public Records
  • Dec 3, 2015 Sold
    $1,280,000
  • Jan 2013
    mls logo MLS # S484774
  • Jan 5, 2013 Sold
    $1,135,000 (+57.6%)
  • Apr 20, 2007 Listed
    $1,175,000
  • May 2012
    mls logo MLS # S679776
  • May 29, 2012 Sold
    $720,000
  • Nov 4, 2011 Listed
    $749,900 (-33.9%)
  • May 2012
    Public Records
  • May 24, 2012 Sold
    $720,000 (-4.0%)
  • Jul 2007
    mls logo MLS # S486021
  • Jul 26, 2007 Sold
    $1,135,000
  • Apr 30, 2007 Listed
    $1,175,000
  • Jul 2007
    Public Records
  • Jul 26, 2007 Sold
    $1,135,000 (-3.4%)
  • Apr 2007
    mls logo MLS # S484768
  • Apr 21, 2007 Expired
    —
  • Apr 19, 2007 Listed
    $1,175,000
  • Apr 2007
    mls logo MLS # S473213
  • Apr 18, 2007 Cancelled
    —
  • Jan 27, 2007 Listed
    $1,175,000 (+31.1%)
  • Jul 2003
    Public Records
  • Jul 25, 2003 Sold
    $896,000 (-5.2%)
  • May 2003
    mls logo MLS # S306930
  • May 14, 2003 Cancelled
    —
  • Feb 8, 2003 Listed
    $945,000 (-3.1%)
  • Jan 2003
    mls logo MLS # U03059945
  • Jan 20, 2003 Cancelled
    —
  • Jan 18, 2003 Listed
    $975,000
  • Year Property taxes Tax assessment
  • 2024
    $17,679 +6.0%
    $1,532,740 +5.24%
  • 2023
    $16,681 +2.5%
    $1,456,419 +2.0%
  • 2022
    $16,275 +2.7%
    $1,427,862 +2.0%
  • 2021
    $15,853 +1.1%
    $1,399,865
  • 2020
    $15,673 +2.2%
    $1,399,865 +3.06%
  • 2019
    $15,335 +3.8%
    $1,358,346 +2.0%
  • 2017
    $14,770 +2.2%
    $1,331,712 +4.04%
  • 2016
    $14,451 +61.5%
    $1,280,000
  • 2015
    $8,950
    —
  • 318 E 16th St E
    $1.13M
  • Eastside Costa Mesa
    $1.83M -20% y/y
  • 92627
    $1.19M -14% y/y
  • Costa Mesa
    $1.39M -5% y/y
No chart available
Statistics calculated by Movoto

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8/10
Newport Harbor High School
public Grades 9-12
Newport-Mesa Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/29/2026. 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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