Bill Cuppy
Realty ONE Group
2124 Main Street Suite 100
Huntington Beach, CA 92648
Phone: (714) 274-2720
Cell: (714) 473-1118
Email: bill@billcuppy.com
$4,000,000

287 E 16th Place Costa Mesa, CA 92627

Beds: 0
Baths: 0.00
Sq Ft: 0
Type: Residential Income
MLS#: PW18212039
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Estimated Monthly Payment

$5,051
Interest Rate %
Down Payment
5 year
15 year
30 year

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., Directions Use 287 E. 16th Pl #1 Costa Mesa, CA 92627 for navigation

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DescriptionInterior & Exterior Features

Interior Features Include:

No Information Available.

Exterior Features Include:

Acreage: 0.3000 Acres

Lot:
Description 16-20 Units/Acre
Square Feet 13068

Garage/Parking:
Parking Assigned

Garage Capacity: 2

Other Features Include:

Subdivision: Eastside Heights (EHCM)

Water: Public

Pool: None

This Listing is Presented By
PWALSCHR

Bill Cuppy

Realty ONE Group

Cell: (714) 473-1118

Work: (714) 274-2720

Email:

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