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287 16th PL Costa Mesa, CA 92627
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Key Details
Sold Price $5,000,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision ,Other
MLS Listing ID OC23060572
Sold Date 09/01/23
HOA Y/N No
Year Built 1963
Annual Tax Amount $60,476
Tax Year 2023
Lot Size 0.300 Acres
Property Sub-Type Apartment
Property Description
Premium Eastside Costa Mesa rental location. One of only a few 5+ buildings below 17th St and bordering Newport Heights, the property is walking distance to all of the hip retail, shopping, bars, and restaurants that line 17th St., while providing tenants a nice place to live on a quiet street.
Rare opportunity to own this 8 unit apartment complex in an area with low rental supply/vacancy and rarely available properties. The high desirability makes the units easy to rent upon any turnover, resulting in a great long term investment as housing and rents in the area continue to appreciate.
Location
State CA
County Orange
Area C5 - East Costa Mesa
Interior
Heating Central
Cooling None
Fireplaces Type None
Fireplace No
Laundry Common Area, Laundry Closet, In Kitchen
Exterior
Parking Features Assigned, Carport, Door-Single, Garage, Paved, Uncovered
Garage Spaces 2.0
Carport Spaces 6
Garage Description 2.0
Pool None
Community Features Urban
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Total Parking Spaces 10
Private Pool No
Building
Lot Description Front Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 42522108
Acceptable Financing Cash to Existing Loan, Cash to New Loan, Conventional
Listing Terms Cash to Existing Loan, Cash to New Loan, Conventional
Financing Assumed
Special Listing Condition Standard
Lease Land No
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Bought with Christopher Pettit Skyline Commercial Real Estate