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287 16th Place, Costa Mesa, CA

$5,499,000 - $5.5M Price - .3 Acres - 49 DOM

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.

Listing Agent
Christopher Pettit - Skyline Commercial Real Estate

Essential Information

For 287 16th Place, Costa Mesa, CA
  • MLS® # OC23060572
  • Price $5,499,000
  • Bathrooms 0.00
  • Acres 0.30
  • Year Built 1963
  • Type Residential Income
  • Sub-Type Apartment
  • Status Active

Community Information

For 287 16th Place, Costa Mesa, CA
  • Address 287 16th Place
  • Area C5 - East Costa Mesa
  • Subdivision other
  • City Costa Mesa
  • County Orange
  • State CA
  • Zip Code 92627

Amenities

For 287 16th Place, Costa Mesa, CA
  • Parking Spaces 10
  • # of Garages 2
  • Pool None

Utilities

For 287 16th Place, Costa Mesa, CA

Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Parking

For 287 16th Place, Costa Mesa, CA

Assigned, Carport, Door-Single, Garage, Paved, Uncovered

Garages

For 287 16th Place, Costa Mesa, CA

Assigned, Carport, Door-Single, Garage, Paved, Uncovered

Interior

For 287 16th Place, Costa Mesa, CA
  • Heating Central
  • Cooling None
  • Fireplace Yes
  • Fireplaces None
  • # of Stories 2
  • Stories Two

Exterior

For 287 16th Place, Costa Mesa, CA
  • Lot Description Front Yard

Additional Information

For 287 16th Place, Costa Mesa, CA
  • Date Listed April 13th, 2023
  • Days on Market 49
  • HOA Fees 0.00

Listing Details

For 287 16th Place, Costa Mesa, CA
  • Agent Christopher Pettit
  • Office Skyline Commercial Real Estate

Price Change History for 287 16th Place, Costa Mesa, CA (MLS® #OC23060572)

Date Details Change
Price Reduced from $5,750,000 to $5,499,000 $251,000 (4.37%)

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Based on information from California Regional Multiple Listing Service, Inc. as of June 2nd, 2023 at 3:30am 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.