313 17th Street, Costa Mesa, CA 92627
  • MLS#: PW25090611 ( Apartment )
  • Street Address: 313 17th Street
  • Viewed: 4
  • Price: $9,499,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1961
  • Bldg sqft: 0
  • Days On Market: 23
  • Additional Information
  • County: ORANGE
  • City: Costa Mesa
  • Zipcode: 92627
  • Subdivision: Eastside Central (eccm)
  • Provided by: Berkshire Hathaway HomeServices California Propert
  • Contact: Christian Christian
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Split between 313 and 325 E. 17th Place, (12 and 10 units, respectively) these two contiguous parcels with separate APNs hold six 1 bed/1 bath and sixteen 2 bed/1 bath units. There are 22 units laid out in a classic two story garden style format with central courtyards. Its the kind of property people point at and say, WOW, thats your building? Yeah. That one. This 22 unit gem is tucked just behind the electric pulse of OCs it place 17th Street, in the heart of Eastside Costa Mesa, where coastal chill meets creative grit. This neighborhood doesnt just check boxes it defines lifestyle. Its a place where surfboards share garage space with stylish startups and where renters NEED to stay. Youre minutes from Newport Beach, a quick shot to South Coast Plaza or Fashion Island, but the real draw is right here: the magnetic energy of the Eastside. For multifamily investors, this isnt an up and comer its a fully arrived market thats only headed in one direction: up. 80% of the units have been updated with modern finishes and LVP flooring, while the infrastructure holds strong: copper plumbing repipe, roof replaced within the last ~10 years, termite tented ~5 years ago, individual water heaters, and separate gas/electric meters. Parking includes 8 garages and 10 additional spaces a serious edge in a neighborhood thats always buzzing. This is a cashflowing asset with curb appeal, street cred, and upside a pride of ownership property that savvy investors want in their portfolio, not just for returns, but for reputation.
Property Location and Similar Properties
Request More Information
  • All fields are required.
Contact Patrick Adams
Contacting Patrick Adams
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Check this box to Register with us:
Features
Additional Parcels Description
  1. 42501112
Building Area Total
  1. 18355.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Days On Market
  1. 15
Electric Expense
  1. 1500.00
Fireplace Features
  1. None
Fuel Expense
  1. 900.00
Garage Spaces
  1. 8.00
Gardner Expense
  1. 3600.00
Insurance Expense
  1. 12000.00
Laundry Features
  1. Community
  2. Individual Room
Levels
  1. Two
Lot Features
  1. Lot 10000-19999 Sqft
Netoperatingincome
  1. 479123.00
Newtaxesexpense
  1. 100000.00
Number Of Separate Electric Meters
  1. 24
Number Of Separate Gas Meters
  1. 24
Parcel Number
  1. 42501111
Parking Features
  1. Assigned
  2. Garage
Pool Features
  1. None
Postalcodeplus4
  1. 3205
Professionalmanagementexpense
  1. 33336.00
Property Type
  1. Apartment
Roof
  1. Composition
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 437147408:CRM
Subdivision Name Other
  1. Eastside Central (ECCM)
Tenant Pays
  1. Electricity
  2. Gas
Totalactualrent
  1. 670020.00
Totalexpenses
  1. 184230.00
Trash Expense
  1. 12000.00
Uncovered Spaces
  1. 10.00
Virtual Tour Url
  1. https://www.zillow.com/view-imx/6d1ecc47-0002-48c1-93be-9013dc9f9a7a?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
Water Sewer Expense
  1. 20894.00
Water Source
  1. Public
Year Built
  1. 1961
Year Built Source
  1. Assessor