x
Address
287 E 16th Place Costa Mesa, CA
Price
$ 3,795,000
Property Attributes
  • MLS#PW18212039
  • TypePending
  • CountyORANGE
  • CityCosta Mesa
  • AreaEast Costa Mesa
  • NeighborhoodEastside Heights
  • Zip92627
  • Style
  • Price$ 3,795,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage9049
  • Lot Size0.3 Acres
Listing Provided Courtesy Of:
Christian Walsh with Coldwell Banker Res. Brokerage.
Property Description

287 E. 16th Place is a unique 8 unit Eastside Costa Mesa investment opportunity advantageously located near the border of Newport Beach and the shopping, dining and entertainment of popular 17th St. in Costa Mesa. Per assessor, total building square footage is over 9,000 sqft and lot size is over 13,000 sqft. The smart unit mix includes oversized floorplans and features two 3 bedroom/2 bath units, two 1 bedroom/1 bath units and four 2 bedroom/2 bath units. Residents share the charming interior courtyard. The windows have been replaced throughout the building and most units have upgraded interiors, including newer bathrooms/kitchens and newer flooring. There is big upside in rental rates, with several units on month-to-month rental agreements. Conservative pro forma rents include: 1 bedroom - $1900, 2 bedroom - $2300 and 3 bedroom - $2750, which equates to a conservative pro forma Gross Scheduled Income of $222,000. There are two single car garages, plus carport and assigned parking spots. The small laundry room is shared and some units have washer/dryer hookups. Units are separately metered for gas and electric.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
8/30/2018 Listed $4,000,000
10/22/2018 3% - $3,895,000
1/10/2019 3% - $3,795,000

General Features

Attached Structure Attached
Community Features Curbs, Sidewalks, Street Lighting
Directions Use 287 E. 16th Pl #1 Costa Mesa, CA 92627 for navigation
Levels Two
Listing Agent Christian Walsh - BRE#01804983
Listing Agent State License 01804983
MLS Area C5 - East Costa Mesa
Number of Units Leased 8
Price Per Square Foot 419.38
Property Attached Y/N Yes
Special Listing Conditions Standard
Subdivision Name Eastside Heights (EHCM)
Subdivision Name Eastside Heights (EHCM)
Total Units 8

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls 2+ Common Walls
Laundry Features Community, Inside, Stackable
Laundry Y/N Yes
Studio Area Unit Type Square Feet
Total Stories 2

Exterior Features

Building Area Total 9049.00
Carport Spaces 6.00
Garage Spaces 2.00
Lot Features 16-20 Units/Acre
Lot Size Acres 0.3000
Lot Size Area 13068.0000
Lot Size Source Assessor
Lot Size Square Feet 13068.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 9
Number of Separate Gas Meters 7
Number of Separate Water Meters 1
Parking Features Assigned
Parking Y/N Yes
Pool Features None
Sewer Public Sewer
Total Parking 13.00
Uncovered Spaces 5.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92627

Price
AVG $1.67M
$3.8M
Visits
AVG 84
374
Year Built
AVG 1985
1963
Walkscore
AVG 55
79
Data Provided by Walkscore ® not using MLS data

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