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287 16th Pl
Costa Mesa, CA 92627
Eastside Eight · Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Building Size | 9,049 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1963/2010 |
| Building Class | B | Parking Ratio | 1.44/1,000 SF |
| Lot Size | 0.30 AC | ||
| Zoning | R3 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.30 AC |
| Building Size | 9,049 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2010 |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | R3 |
AMENITIES
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Grill
ABOUT 287 16TH PL , COSTA MESA, CA 92627
Cap Rate Improvement! 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. 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.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 820 |
| 2+2 | 4 | - | 1,000 |
| 3+2 | 2 | - | 1,200 |
PROPERTY TAXES
| Parcel Number | 425-221-08 | Improvements Assessment | $517,294 |
| Land Assessment | $4,582,706 | Total Assessment | $5,100,000 |
PROPERTY TAXES
