287 16th Place, Costa Mesa, CA 92627

About this property

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 description from the September 2023 sale, as reported to CRMLS.

Sale history

$5,000,000

Sold September 2023 · listed $5,250,000, orig. $5,750,000, on market April 2023 · MLS #OC23060572 · Source: CRMLS

Listing Agent: Christopher Pettit · Listing Office: Skyline Commercial Real Estate · Contact: 949-688-6530 · Bought with: Christopher Pettit · Skyline Commercial Real Estate

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