284 16th Pl A, Costa Mesa, CA 92627

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.