Est. cap rate

1.7%

Assumed rent, all units

$5,420/mo

Units

2

Price per unit

$949,775

Est. annual NOI

$32,520

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

2

Building size

1,800 sqft

Lot size

6,970 sqft

Year built

1978

Stories

1

Garage spaces

2

Heating

Wall Furnace

Cooling

None

Pool

None

Status

Active

Days on market

27

MLS #

247358977

About this property

RARE DUPLEX OPPORTUNITY IN EAST COSTA MESA! First time on the market in over 60 years. This exceptional property consists of two separate units measuring 900 sq. ft each. The rear unit boasts its own large private backyard. Situated directly across the street to Heller Park, the location is unbeatable, positioned just blocks from the vibrant dining and retail scene along 17th Street and only six minutes to Newport Beach’s Balboa Peninsula. With the back unit vacant and ready to be rented and the unit in front already rented, providing immediate, stable income, this rare property is a prime candidate for future multi-unit redevelopment on this lot. Located with the prestigious Newport Mesa Unified School District and close the renowned back bay loop for outdoor enthusiasts, this property epitomizes the best of Costa Mesa living. Don’t miss the opportunity to make this duplex your next investment. Call today to schedule a tour.

Location

218 E 16th

Costa Mesa, Orange, CA, 92627