384 E 16th St - Apartments FOR SALE


Costa Mesa, CA 92627- Downtown Costa Mesa
$3,450,000 USD
951-756-0448
384 E 16th St, Costa Mesa, CA for Sale
$3,450,000 USD
Apartments - FOR SALE
1/9
null | 3.55% Cap Rate

384 E 16th St
Costa Mesa, CA 92627
Downtown Costa Mesa


HIGHLIGHTS

  • (5) Bungalow-Style Units, Single-Story Construction
  • (3) Detached Single-Family Homes & (1) Single-Story Duplex
  • Spacious Two- & Three-Bedroom Floorplans (Avg. 1,002 SF)
  • Recent Capital Improvements Include Garage Door & Subpanel Replacements, Select Unit Renovations, and Carpet Updates in Select Bedrooms
  • Each Unit Has In-Unit Washer & Dryer Hookups and Private Patio or Yard, Well Parked with (6) Garages & (5) Open Spaces
  • Desirable Eastside Costa Mesa Location (Walk Score: 89) - Tustin Ave. & Santa Ana Ave., Close to 17th Street Promenade, Triangle Square & Near Beach

OVERVIEW

Tucked into one of Costa Mesa's most walkable neighborhoods, this rare single-story multifamily offering features five bungalow-style units - three detached homes and a duplex. Spacious two- and three-bedroom floorplans average 1,002 SF, each with a private patio/yard and in-unit washer/dryer. The property is well-parked with six garages and open space parking. Recent upgrades completed. Walk to the 17th Street Promenade, minutes to the beach.

FOR SALE DETAILS

PRICE

$3,450,000 USD

PRICE/SF

$689 USD /SF

# OF UNITS

5

PRICE/UNIT

$690,000

CAP RATE

3.55%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,876 SF

ZONING

R2-MD

APN/PARCEL ID

425-191-22

ASK ABOUT THIS PROPERTY

951-756-0448

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951-756-0448

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