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. It’s the kind of property people point at and say, “WOW, that’s your building?” Yeah. That one. This 22 unit gem is tucked just behind the electric pulse of OC’s “it place” — 17th Street, in the heart of Eastside Costa Mesa, where coastal chill meets creative grit. This neighborhood doesn’t just check boxes — it defines lifestyle. It’s a place where surfboards share garage space with stylish startups — and where renters NEED to stay. You’re 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 isn’t an up-and-comer — it’s a fully-arrived market that’s 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 that’s 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.