PRICE REDUCED $300K+! We are pleased to present 274 Palmer Street, a 3-unit multifamily offering in a prime Eastside Costa Mesa location. The detached front house is comprised of 3 bedrooms along with 2 bathrooms, and features wood flooring, central air conditioning, and a private yard space. The other units include a 2 bedroom, 2 bath upper apartment over the 2-car garage and a studio (currently non-conforming). This property presents an attractive opportunity for either an investor interested in growing their portfolio or an owner-user looking to live in a unit while generating strong income from the other units. Buyers will be happy to know that a new roof was installed in 2023. This asset is located in one of the most desirable rental markets in Orange County and offers homeowners as well as tenants close proximity to top rated schools, beaches, parks, and all the amenities 17th Street has to offer. This is one investment opportunity you do not want to miss!
Sold for $2,632,500
Listed by: Pacific Sotheby's Int'l Realty • Timothy Carr • Contact: 949-631-9999
Bought with: None MRML
$2,632,500
274 Palmer St, Costa Mesa, CA 92627
5beds
5baths
2,509sqft
Duplex
Built in 1955
-- sqft lot
$2,690,300 Zestimate®
$1,049/sqft
$4,695 Estimated rent
Home value
$2,690,300
$2.48M - $2.93M
$4,695/mo
Zestimate® history
Owner options
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$16,445/mo
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Private yard spaceWood flooringCentral air conditioning
Zillow last checked:
Listing updated:
Listed by:
Timothy Carr DRE #01017277 949-631-9999,
Pacific Sotheby's Int'l Realty
Bought with:
NONE NONE, DRE #N/A
None MRML
Source: CRMLS,MLS#: NP25016878
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Cooling
- Central Air
Appliances
- Laundry: In Garage
Features
- Granite Counters, Recessed Lighting
- Flooring: Carpet, Wood
- Has fireplace: Yes
- Fireplace features: Family Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,509
- Total interior livable area: 2,509 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
Lot
- Size: 7,705 Square Feet
- Features: Front Yard, Sprinkler System
Details
- Parcel number: 42516206
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Roof: Composition
Condition
- New construction: No
- Year built: 1955
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Biking, Curbs, Street Lights, Sidewalks
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Eastside Heights (Ehcm)
Location
- Region: Costa Mesa
Financial & listing details
- Price per square foot: $1,049/sqft
- Tax assessed value: $1,047,253
- Annual tax amount: $12,601
- Date on market: 1/27/2025
- Cumulative days on market: 59 days
- Listing terms: Cash,Conventional
- Tenant pays: None
Price history
| Date | Event | Price |
|---|---|---|
| 4/14/2025 | Sold | $2,632,500-7.6%$1,049/sqft |
Source:  CRMLS #NP25016878 Report a problem | ||
| 4/4/2025 | Pending sale | $2,849,000$1,136/sqft |
Source: CRMLS #NP25016878 Report a problem | ||
| 3/28/2025 | Contingent | $2,849,000$1,136/sqft |
Source: CRMLS #NP25016878 Report a problem | ||
| 3/10/2025 | Price change | $2,849,000-4.9%$1,136/sqft |
Source: CRMLS #NP25016878 Report a problem | ||
| 2/14/2025 | Price change | $2,995,000-4.9%$1,194/sqft |
Source: CRMLS #NP25016878 Report a problem | ||
| 1/27/2025 | Listed for sale | $3,150,000+353.2%$1,255/sqft |
Source: CRMLS #NP25016878 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 2/13/2020 | Listing removed | $2,500$1/sqft |
Source: Owner Report a problem | ||
| 2/12/2020 | Listed for rent | $2,500$1/sqft |
Source: Owner Report a problem | ||
| 12/4/2019 | Listing removed | $2,500$1/sqft |
Source: Owner Report a problem | ||
| 11/25/2019 | Price change | $2,500-5.7%$1/sqft |
Source: Owner Report a problem | ||
| 11/7/2019 | Listed for rent | $2,650$1/sqft |
Source: Owner Report a problem | ||
| 6/29/2001 | Sold | $695,000$277/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,601 -12.7% | $1,047,253 +2% |
| 2024 | $14,426 +2.7% | $1,026,719 +2% |
| 2023 | $14,043 +2.4% | $1,006,588 +2% |
| 2022 | $13,719 +2.5% | $986,851 +2% |
| 2021 | $13,388 +1.2% | $967,501 +1% |
| 2020 | $13,233 | $957,581 +2% |
| 2019 | $13,233 +1.9% | $938,805 +2% |
| 2018 | $12,989 +25% | $920,398 +2% |
| 2017 | $10,395 | $902,351 +2% |
| 2016 | $10,395 +2.2% | $884,658 +1.5% |
| 2015 | $10,172 +3.3% | $871,370 +2% |
| 2014 | $9,849 | $854,302 +0.5% |
| 2013 | -- | $850,441 +2% |
| 2012 | -- | $833,766 +2% |
| 2011 | -- | $817,418 +0.8% |
| 2010 | -- | $811,309 -0.2% |
| 2009 | -- | $813,238 +2% |
| 2008 | -- | $797,293 +2% |
| 2007 | -- | $781,660 +2% |
| 2006 | -- | $766,334 +2% |
| 2005 | -- | $751,308 +2% |
| 2004 | -- | $736,577 +1.9% |
| 2003 | -- | $723,078 +2% |
| 2002 | -- | $708,900 +99.7% |
| 2001 | $4,112 +7.9% | $354,932 +2% |
| 2000 | $3,810 | $347,973 |
Find assessor info on the county website
Neighborhood: 92627
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Nearby schools
GreatSchools rating
- 10/10Newport Heights Elementary SchoolGrades: K-6Distance: 0.1 mi
- 9/10Horace Ensign Intermediate SchoolGrades: 7-8Distance: 0.7 mi
- 9/10Newport Harbor High SchoolGrades: 9-12Distance: 0.6 mi
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Estimated market value
$2,690,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,690,300
- California
- Orange County
- Costa Mesa
- 92627
- 274 Palmer St
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