263 E 16th Place, Costa Mesa, CA 92627
- $2,300,000
- Sold Price
- $2,300,000
- List Price
- $2,395,000
- Closing Date
- Dec 18, 2024
- Status
- CLOSED
- MLS#
- NP24232571
- Year Built
- 1959
- Lot Size
- 6,970
- Acres
- 0.16
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 1
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
- Neighborhood
- Eastside Heights (Ehcm)
Property Description
Discover a prime investment opportunity with this added-value, four-unit property in one of Costa Mesa’s most desirable locations. Situated just steps from E. 17th Street, Newport Heights, and within reach of several top-ranked public schools in Orange County, this property is ideally positioned for convenience and long-term value. Each of the four spacious 2-bedroom, 1-bathroom units offers approximately 943 square feet of living space, complete with a single-car garage and additional off-street parking, ensuring tenant comfort and ample parking solutions. Residents will enjoy the convenience of an onsite laundry facility and a communal courtyard perfect for relaxation and social gatherings. This property represents a fantastic opportunity for investors looking to capitalize on the high demand in a premier Costa Mesa location.
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Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- View
- None
- Exterior Construction
- Stucco
- Roof
- Composition
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $102,960
- Operating Expense
- 44744
Listing courtesy of Listing Agent: Nick Gould (ng@gouldgroupinc.com) from Listing Office: Gould Group Inc.
Listing sold by Yolla Zogheib from Century 21 Masters
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.