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Key Details
Sold Price $1,700,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Other (Othr)
MLS Listing ID PW20225806
Year Built 1972
Lot Size 6,534 Sqft
Property Description
We are pleased to offer 383 16th Place, a stunning Spanish-style duplex located in Costa Mesa's premier Eastside neighborhood. Situated just blocks from Newport Beach and trendy 17th Street, this 2-unit investment property has been fully renovated with new kitchens, bathrooms, flooring, appliances, fixtures, windows, paint, backyards and more. The interiors rival that of model homes with high-end finishes throughout. Each 3BR/2.5BA townhome-style unit features a fireplace, a master suite with a private balcony, and a large fenced private patio with a power extendable awning. Additionally, the 383 16th Place duplex offers a free-standing 2-car garage, which should qualify to be converted to an ADU under California standards, and can drastically improve cash-flow to a new investor. (Buyer to verify exact ADU qualifications/requirements with the city; contact Listing Agent for additional information). This is a true turn-key asset that would be an excellent addition to any investor’s portfolio. *Property is currently vacant. All income numbers are pro forma. **Buyer to verify exact ADU qualifications/requirements with the city; contact listing agent for additional information.
Location
State CA
County Orange
Area C5 - East Costa Mesa
Interior
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Bought with Nancy Moeller • Seven Gables Real Estate
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Paul Ward
Broker Associate | License ID: 01354001
Broker Associate License ID: 01354001
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