284 16th Place , A

    Costa Mesa, CA 92627
    • $1,512,500
    • STATUS: Pending
    • ON SITE: 53 days
    • ID#: OC20027022
    Pending
    $1,512,500
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,123
      SQFT
    • $484
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    Rarely available Eastside Triplex adjacent to Newport Heights. This is the first time that this property has been offered for sale in 30 years. The property has a desirable mix of (1) 2bd/1ba plus den front single story unit and (2) 2bd/1.5ba townhouse units. All units have private yards and the front unit has a very large enclosed yard with awning, columns, brick pavers and six-foot hedges up to the sidewalk affording incredible privacy. The current owner has occupied Unit A for years and another family has occupied Unit B for the last five years. The ownership is using all three garages and there are three open spaces off the alley as well as ample street parking. All units have individual washer & dryer hookups, and are separately metered. The average unit size is 1,014 sq. ft. Unit A is highly upgraded with fireplace, granite counter tops, and upgraded cabinets, marble tile flooring throughout except the bedrooms. Unit B also has granite counter tops, upgraded laminate wood style plank floors and ceramic tile flooring. Each townhouse has a large walk in closet. All windows throughout the property have been upgraded to vinyl; each unit has its own H2O heater, the bldg has a tiled roof. Financial records will show income for only Unit C @ $1945/mo. Proforma shows current/market rents with three occupants. the owner will vacate Units A & B at COE or month to month lease back can/will be negotiated. The property is walking distance to the 17th Street retail corridor.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-31T00:28:37.347. 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 deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

    www.legacy15.com/homes/102980405

    284 16th Place , A Costa Mesa, CA 92627

    • Price: $1,512,500
    • Status: Pending
    • ID#: OC20027022
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,123
    SQFT
    $484
    $/SQFT
    1960
    Built
    Neighborhood:
    C5 - East Costa Mesa
    County:
    Orange
    Area:
    C5 - East Costa Mesa
    Property Description
    Rarely available Eastside Triplex adjacent to Newport Heights. This is the first time that this property has been offered for sale in 30 years. The property has a desirable mix of (1) 2bd/1ba plus den front single story unit and (2) 2bd/1.5ba townhouse units. All units have private yards and the front unit has a very large enclosed yard with awning, columns, brick pavers and six-foot hedges up to the sidewalk affording incredible privacy. The current owner has occupied Unit A for years and another family has occupied Unit B for the last five years. The ownership is using all three garages and there are three open spaces off the alley as well as ample street parking. All units have individual washer & dryer hookups, and are separately metered. The average unit size is 1,014 sq. ft. Unit A is highly upgraded with fireplace, granite counter tops, and upgraded cabinets, marble tile flooring throughout except the bedrooms. Unit B also has granite counter tops, upgraded laminate wood style plank floors and ceramic tile flooring. Each townhouse has a large walk in closet. All windows throughout the property have been upgraded to vinyl; each unit has its own H2O heater, the bldg has a tiled roof. Financial records will show income for only Unit C @ $1945/mo. Proforma shows current/market rents with three occupants. the owner will vacate Units A & B at COE or month to month lease back can/will be negotiated. The property is walking distance to the 17th Street retail corridor.
    Exterior Features

    Foundation Details Slab Garage Spaces 3.00 Lot Features Level With StreetLevel Lot Size Source Assessor Lot Size Units Square Feet Parking Total 6.00 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type AlleyCity Street Road Surface Type Paved Spa Features None Spa YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Fireplace Features Living Room Fireplace YN Yes Heating Central Heating YN Yes Laundry Features InsideSee Remarks Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Suburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 6740.00 Gross Operating Income 78454.00 Gross Scheduled Income 80880.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 51422.00 New Construction YN No New Taxes Expense 15901.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Operating Expense 27031.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 27031.00 Trash Expense 0.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning R-3

    Listing provided courtesy of Steven Brombal of Kidder Mathews Of California


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-31T00:28:37.347. 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 deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

     
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    Rancho Santa Margarita CA, 92688