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287 E 16th Place, Costa Mesa, CA

$3,795,000 - $3.8M Price - 9,049 Sqft - 151 DOM

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.

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Essential Information

For 287 E 16th Place, Costa Mesa, CA
  • MLS® # PW18212039
  • Sold Price $3,725,000
  • Bathrooms 0.00
  • Square Footage 9,049
  • Acres 0.30
  • Year Built 1963
  • Type Residential Income
  • Status Closed
  • Date Closed 2019-04-04

Community Information

For 287 E 16th Place, Costa Mesa, CA
  • Address 287 E 16th Place
  • Area East Costa Mesa (C5)
  • Subdivision Eastside Heights (EHCM)
  • City Costa Mesa
  • County Orange
  • State CA
  • Zip Code 92627

Amenities

For 287 E 16th Place, Costa Mesa, CA
  • Parking Spaces 13
  • # of Garages 2

Interior

For 287 E 16th Place, Costa Mesa, CA
  • Appliances Stackable
  • # of Stories 2
  • Stories Two

Exterior

For 287 E 16th Place, Costa Mesa, CA
  • Lot Description 16-20 Units/Acre

Additional Information

For 287 E 16th Place, Costa Mesa, CA
  • Date Listed August 30th, 2018
  • Days on Market 151

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287 E 16th Place Costa Mesa MLS® #PW18212039

You are viewing the for at 287 E 16th Place with the MLS® PW18212039 on Previewochomes.com. This at 287 E 16th Place, CA . 92627 is located in the Eastside Heights (EHCM) subdivision and is currently for featuring 9049 sq.ft. of living space, and listed for sale at $3,795,000. This for at 287 E 16th Place with the MLS® # PW18212039 has been listed since 2018-08-30.

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Price Change History for 287 E 16th Place, Costa Mesa, CA (MLS® #PW18212039)

Date Details Change
Status Changed from Pending to Closed
Status Changed from Active to Pending
Status Changed from Active to Active Under Contract
Price Reduced from $3,895,000 to $3,795,000 $100,000 (2.57%)
Price Reduced from $4,000,000 to $3,895,000 $105,000 (2.63%)

Based on information from California Regional Multiple Listing Service, Inc. as of October 20th, 2019 at 8:13pm PDT. 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.

Property Listed By: Christian Walsh(01804983) of Coldwell Banker Res. Brokerage