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116 E 16th St

Costa Mesa, CA, 92627

For Sale $9,999,000

$9,999,000

☆☆☆☆☆★★★★★
Five Stars
(0)

6 Units
Unknown Sq Ft
31,799 Sq Ft
Unknown Cap Rate

Description

Three highly desirable industrial buildings in a rare "Opportunity Zone" in the heart of Newport Beach and Costa Mesa are now available! The properties consist of 110, 116 and 118 E 16th Street. 110 E 16th Street currently serves as the headquarters for a top tier vintage Ferrari dealer (which can be made available for an owner-user) and the 116 and 118 E 16th Street buildings are occupied by automotive repair shop tenants. The buildings feature a quality blend of functional office space, spacious warehouses and 14+ foot ceiling heights. The 116 building also contains two professional grade paint booths.

As part of Costa Mesa’s 19 West Urban Plan, this site is suitable for mixed use development. The city’s specific plan allows for up to 4-stories with a density of 1.0-1.25 FAR, which could allow for development of 30,000 - 40,000 buildable square feet. According to one city site analysis, it appears that 18-36 units could potentially be developed.

This prime location sits near Newport Blvd, Superior Ave, 17th Street, the 55 Freeway and Pacific Coast Hwy with easy access to everything. In addition, there is potential for significant tax advantages by investing in a designated "Opportunity Zone" (see https://economicdevelopment.business.ca.gov/place-based-strategies/opportunity-zones/ for further information). All of this combined with the fact that this area is growing in popularity with trendy restaurants, retail stores, residential neighborhoods and its close proximity to the best beaches, entertainment and hospitals in Orange County make this an amazing property for investment or owner-user.

This property is perfect for auto collectors, restaurant concepts, redevelopment, investors or owner-users.

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Amenities

Garage

Pool

Garden

Security System

Internet

Telephone

Heating

Fireplace

Balcony & Patio

TV / Cable

Laundry

Hardwood Floors

Spa

Air Conditioning

Solar Power

Floor Plan

Great Views

Natural Light

Quiet

Water View

Elevator

Guest Unit(s)

Furnished

220 Volt

Property Details

List Price	$9,999,000
Property Type	Industrial
Usable Sqft	Unknown
Number of Stories	1 stories
Parking Spots	0 spots
Year Built	1946
Last Sold	Unknown
Sold Price	Unknown

APN #	42543104
MLS #	OC24093070
Property ID	320465360
Lot Sqft	31,799
Zoning	Light Industrial
Total Units	6
Days on Market	327
Original List Price	$9,999,000
Date Updated	March 26, 2025
Date Created	May 08, 2024

Financials

Financials not available online. Please inquire with your agent for more details.

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Your payment
$70,081
per month

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Estimated payment	$70,081 /mo
Loan amount	$9,999,000
Down payment	$0
Interest rate	7.5%
Loan term	30 years
Taxes & insurance included?	YES
Property tax	1.2%/YR
Homeowner's insurance	$67/mo
HOA dues	$0/mo

Payment Breakdown

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Your payment
$70,081
per month

Amortization

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Principal vs. interest

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Amortization Schedule

Over 360 months you will spend $15,170,658 in interest.

MONTH	PRINCIPAL & INTEREST	PRINCIPAL	INTEREST	PRINCIPAL REMAINING
1	$69,914	$7,420	$62,494	$9,991,580
2	$69,914	$7,467	$62,447	$9,984,113
3	$69,914	$7,513	$62,401	$9,976,600
4	$69,914	$7,560	$62,354	$9,969,040
5	$69,914	$7,608	$62,307	$9,961,432
6	$69,914	$7,655	$62,259	$9,953,777
7	$69,914	$7,703	$62,211	$9,946,074
8	$69,914	$7,751	$62,163	$9,938,323
9	$69,914	$7,799	$62,115	$9,930,524
10	$69,914	$7,848	$62,066	$9,922,675
11	$69,914	$7,897	$62,017	$9,914,778
12	$69,914	$7,947	$61,967	$9,906,831
13	$69,914	$7,996	$61,918	$9,898,835
14	$69,914	$8,046	$61,868	$9,890,789
15	$69,914	$8,097	$61,817	$9,882,692
16	$69,914	$8,147	$61,767	$9,874,545
17	$69,914	$8,198	$61,716	$9,866,347
18	$69,914	$8,249	$61,665	$9,858,098
19	$69,914	$8,301	$61,613	$9,849,797
20	$69,914	$8,353	$61,561	$9,841,444
21	$69,914	$8,405	$61,509	$9,833,039
22	$69,914	$8,458	$61,456	$9,824,582
23	$69,914	$8,510	$61,404	$9,816,071
24	$69,914	$8,564	$61,350	$9,807,508
25	$69,914	$8,617	$61,297	$9,798,891
26	$69,914	$8,671	$61,243	$9,790,220
27	$69,914	$8,725	$61,189	$9,781,495
28	$69,914	$8,780	$61,134	$9,772,715
29	$69,914	$8,835	$61,079	$9,763,880
30	$69,914	$8,890	$61,024	$9,754,991
31	$69,914	$8,945	$60,969	$9,746,045
32	$69,914	$9,001	$60,913	$9,737,044
33	$69,914	$9,057	$60,857	$9,727,987
34	$69,914	$9,114	$60,800	$9,718,873
35	$69,914	$9,171	$60,743	$9,709,701
36	$69,914	$9,228	$60,686	$9,700,473
37	$69,914	$9,286	$60,628	$9,691,187
38	$69,914	$9,344	$60,570	$9,681,843
39	$69,914	$9,402	$60,512	$9,672,440
40	$69,914	$9,461	$60,453	$9,662,979
41	$69,914	$9,520	$60,394	$9,653,459
42	$69,914	$9,580	$60,334	$9,643,879
43	$69,914	$9,640	$60,274	$9,634,239
44	$69,914	$9,700	$60,214	$9,624,539
45	$69,914	$9,761	$60,153	$9,614,779
46	$69,914	$9,822	$60,092	$9,604,957
47	$69,914	$9,883	$60,031	$9,595,074
48	$69,914	$9,945	$59,969	$9,585,129
49	$69,914	$10,007	$59,907	$9,575,122
50	$69,914	$10,069	$59,845	$9,565,053
51	$69,914	$10,132	$59,782	$9,554,920
52	$69,914	$10,196	$59,718	$9,544,725
53	$69,914	$10,259	$59,655	$9,534,465
54	$69,914	$10,324	$59,590	$9,524,141
55	$69,914	$10,388	$59,526	$9,513,753
56	$69,914	$10,453	$59,461	$9,503,300
57	$69,914	$10,518	$59,396	$9,492,782
58	$69,914	$10,584	$59,330	$9,482,198
59	$69,914	$10,650	$59,264	$9,471,548
60	$69,914	$10,717	$59,197	$9,460,831
61	$69,914	$10,784	$59,130	$9,450,047
62	$69,914	$10,851	$59,063	$9,439,196
63	$69,914	$10,919	$58,995	$9,428,277
64	$69,914	$10,987	$58,927	$9,417,289
65	$69,914	$11,056	$58,858	$9,406,234
66	$69,914	$11,125	$58,789	$9,395,108
67	$69,914	$11,195	$58,719	$9,383,914
68	$69,914	$11,265	$58,649	$9,372,649
69	$69,914	$11,335	$58,579	$9,361,314
70	$69,914	$11,406	$58,508	$9,349,909
71	$69,914	$11,477	$58,437	$9,338,432
72	$69,914	$11,549	$58,365	$9,326,883
73	$69,914	$11,621	$58,293	$9,315,262
74	$69,914	$11,694	$58,220	$9,303,568
75	$69,914	$11,767	$58,147	$9,291,801
76	$69,914	$11,840	$58,074	$9,279,961
77	$69,914	$11,914	$58,000	$9,268,047
78	$69,914	$11,989	$57,925	$9,256,058
79	$69,914	$12,064	$57,850	$9,243,995
80	$69,914	$12,139	$57,775	$9,231,856
81	$69,914	$12,215	$57,699	$9,219,641
82	$69,914	$12,291	$57,623	$9,207,349
83	$69,914	$12,368	$57,546	$9,194,981
84	$69,914	$12,445	$57,469	$9,182,536
85	$69,914	$12,523	$57,391	$9,170,013
86	$69,914	$12,601	$57,313	$9,157,411
87	$69,914	$12,680	$57,234	$9,144,731
88	$69,914	$12,759	$57,155	$9,131,972
89	$69,914	$12,839	$57,075	$9,119,133
90	$69,914	$12,919	$56,995	$9,106,213
91	$69,914	$13,000	$56,914	$9,093,213
92	$69,914	$13,081	$56,833	$9,080,132
93	$69,914	$13,163	$56,751	$9,066,968
94	$69,914	$13,245	$56,669	$9,053,723
95	$69,914	$13,328	$56,586	$9,040,395
96	$69,914	$13,412	$56,502	$9,026,983
97	$69,914	$13,495	$56,419	$9,013,488
98	$69,914	$13,580	$56,334	$8,999,908
99	$69,914	$13,665	$56,249	$8,986,244
100	$69,914	$13,750	$56,164	$8,972,494
101	$69,914	$13,836	$56,078	$8,958,658
102	$69,914	$13,922	$55,992	$8,944,735
103	$69,914	$14,009	$55,905	$8,930,726
104	$69,914	$14,097	$55,817	$8,916,629
105	$69,914	$14,185	$55,729	$8,902,444
106	$69,914	$14,274	$55,640	$8,888,170
107	$69,914	$14,363	$55,551	$8,873,807
108	$69,914	$14,453	$55,461	$8,859,355
109	$69,914	$14,543	$55,371	$8,844,812
110	$69,914	$14,634	$55,280	$8,830,178
111	$69,914	$14,725	$55,189	$8,815,452
112	$69,914	$14,817	$55,097	$8,800,635
113	$69,914	$14,910	$55,004	$8,785,725
114	$69,914	$15,003	$54,911	$8,770,722
115	$69,914	$15,097	$54,817	$8,755,625
116	$69,914	$15,191	$54,723	$8,740,433
117	$69,914	$15,286	$54,628	$8,725,147
118	$69,914	$15,382	$54,532	$8,709,765
119	$69,914	$15,478	$54,436	$8,694,287
120	$69,914	$15,575	$54,339	$8,678,712
121	$69,914	$15,672	$54,242	$8,663,040
122	$69,914	$15,770	$54,144	$8,647,270
123	$69,914	$15,869	$54,045	$8,631,402
124	$69,914	$15,968	$53,946	$8,615,434
125	$69,914	$16,068	$53,846	$8,599,367
126	$69,914	$16,168	$53,746	$8,583,199
127	$69,914	$16,269	$53,645	$8,566,930
128	$69,914	$16,371	$53,543	$8,550,559
129	$69,914	$16,473	$53,441	$8,534,086
130	$69,914	$16,576	$53,338	$8,517,510
131	$69,914	$16,680	$53,234	$8,500,830
132	$69,914	$16,784	$53,130	$8,484,047
133	$69,914	$16,889	$53,025	$8,467,158
134	$69,914	$16,994	$52,920	$8,450,164
135	$69,914	$17,100	$52,814	$8,433,063
136	$69,914	$17,207	$52,707	$8,415,856
137	$69,914	$17,315	$52,599	$8,398,541
138	$69,914	$17,423	$52,491	$8,381,118
139	$69,914	$17,532	$52,382	$8,363,586
140	$69,914	$17,642	$52,272	$8,345,944
141	$69,914	$17,752	$52,162	$8,328,192
142	$69,914	$17,863	$52,051	$8,310,329
143	$69,914	$17,974	$51,940	$8,292,355
144	$69,914	$18,087	$51,827	$8,274,268
145	$69,914	$18,200	$51,714	$8,256,068
146	$69,914	$18,314	$51,600	$8,237,755
147	$69,914	$18,428	$51,486	$8,219,327
148	$69,914	$18,543	$51,371	$8,200,784
149	$69,914	$18,659	$51,255	$8,182,124
150	$69,914	$18,776	$51,138	$8,163,349
151	$69,914	$18,893	$51,021	$8,144,456
152	$69,914	$19,011	$50,903	$8,125,445
153	$69,914	$19,130	$50,784	$8,106,315
154	$69,914	$19,250	$50,664	$8,087,065
155	$69,914	$19,370	$50,544	$8,067,695
156	$69,914	$19,491	$50,423	$8,048,204
157	$69,914	$19,613	$50,301	$8,028,592
158	$69,914	$19,735	$50,179	$8,008,856
159	$69,914	$19,859	$50,055	$7,988,998
160	$69,914	$19,983	$49,931	$7,969,015
161	$69,914	$20,108	$49,806	$7,948,907
162	$69,914	$20,233	$49,681	$7,928,674
163	$69,914	$20,360	$49,554	$7,908,314
164	$69,914	$20,487	$49,427	$7,887,827
165	$69,914	$20,615	$49,299	$7,867,212
166	$69,914	$20,744	$49,170	$7,846,468
167	$69,914	$20,874	$49,040	$7,825,594
168	$69,914	$21,004	$48,910	$7,804,590
169	$69,914	$21,135	$48,779	$7,783,455
170	$69,914	$21,267	$48,647	$7,762,188
171	$69,914	$21,400	$48,514	$7,740,787
172	$69,914	$21,534	$48,380	$7,719,253
173	$69,914	$21,669	$48,245	$7,697,585
174	$69,914	$21,804	$48,110	$7,675,781
175	$69,914	$21,940	$47,974	$7,653,840
176	$69,914	$22,078	$47,837	$7,631,763
177	$69,914	$22,215	$47,699	$7,609,547
178	$69,914	$22,354	$47,560	$7,587,193
179	$69,914	$22,494	$47,420	$7,564,699
180	$69,914	$22,635	$47,279	$7,542,064
181	$69,914	$22,776	$47,138	$7,519,288
182	$69,914	$22,918	$46,996	$7,496,370
183	$69,914	$23,062	$46,852	$7,473,308
184	$69,914	$23,206	$46,708	$7,450,102
185	$69,914	$23,351	$46,563	$7,426,751
186	$69,914	$23,497	$46,417	$7,403,254
187	$69,914	$23,644	$46,270	$7,379,611
188	$69,914	$23,791	$46,123	$7,355,819
189	$69,914	$23,940	$45,974	$7,331,879
190	$69,914	$24,090	$45,824	$7,307,789
191	$69,914	$24,240	$45,674	$7,283,549
192	$69,914	$24,392	$45,522	$7,259,157
193	$69,914	$24,544	$45,370	$7,234,613
194	$69,914	$24,698	$45,216	$7,209,915
195	$69,914	$24,852	$45,062	$7,185,063
196	$69,914	$25,007	$44,907	$7,160,056
197	$69,914	$25,164	$44,750	$7,134,892
198	$69,914	$25,321	$44,593	$7,109,571
199	$69,914	$25,479	$44,435	$7,084,092
200	$69,914	$25,638	$44,276	$7,058,454
201	$69,914	$25,799	$44,115	$7,032,655
202	$69,914	$25,960	$43,954	$7,006,695
203	$69,914	$26,122	$43,792	$6,980,573
204	$69,914	$26,285	$43,629	$6,954,288
205	$69,914	$26,450	$43,464	$6,927,838
206	$69,914	$26,615	$43,299	$6,901,223
207	$69,914	$26,781	$43,133	$6,874,442
208	$69,914	$26,949	$42,965	$6,847,493
209	$69,914	$27,117	$42,797	$6,820,376
210	$69,914	$27,287	$42,627	$6,793,089
211	$69,914	$27,457	$42,457	$6,765,632
212	$69,914	$27,629	$42,285	$6,738,003
213	$69,914	$27,801	$42,113	$6,710,202
214	$69,914	$27,975	$41,939	$6,682,226
215	$69,914	$28,150	$41,764	$6,654,076
216	$69,914	$28,326	$41,588	$6,625,750
217	$69,914	$28,503	$41,411	$6,597,247
218	$69,914	$28,681	$41,233	$6,568,566
219	$69,914	$28,860	$41,054	$6,539,706
220	$69,914	$29,041	$40,873	$6,510,665
221	$69,914	$29,222	$40,692	$6,481,442
222	$69,914	$29,405	$40,509	$6,452,037
223	$69,914	$29,589	$40,325	$6,422,449
224	$69,914	$29,774	$40,140	$6,392,675
225	$69,914	$29,960	$39,954	$6,362,715
226	$69,914	$30,147	$39,767	$6,332,568
227	$69,914	$30,335	$39,579	$6,302,233
228	$69,914	$30,525	$39,389	$6,271,708
229	$69,914	$30,716	$39,198	$6,240,992
230	$69,914	$30,908	$39,006	$6,210,084
231	$69,914	$31,101	$38,813	$6,178,983
232	$69,914	$31,295	$38,619	$6,147,688
233	$69,914	$31,491	$38,423	$6,116,197
234	$69,914	$31,688	$38,226	$6,084,509
235	$69,914	$31,886	$38,028	$6,052,623
236	$69,914	$32,085	$37,829	$6,020,538
237	$69,914	$32,286	$37,628	$5,988,252
238	$69,914	$32,487	$37,427	$5,955,765
239	$69,914	$32,690	$37,224	$5,923,074
240	$69,914	$32,895	$37,019	$5,890,180
241	$69,914	$33,100	$36,814	$5,857,079
242	$69,914	$33,307	$36,607	$5,823,772
243	$69,914	$33,515	$36,399	$5,790,257
244	$69,914	$33,725	$36,189	$5,756,532
245	$69,914	$33,936	$35,978	$5,722,596
246	$69,914	$34,148	$35,766	$5,688,448
247	$69,914	$34,361	$35,553	$5,654,087
248	$69,914	$34,576	$35,338	$5,619,511
249	$69,914	$34,792	$35,122	$5,584,719
250	$69,914	$35,010	$34,904	$5,549,710
251	$69,914	$35,228	$34,686	$5,514,481
252	$69,914	$35,448	$34,466	$5,479,033
253	$69,914	$35,670	$34,244	$5,443,363
254	$69,914	$35,893	$34,021	$5,407,470
255	$69,914	$36,117	$33,797	$5,371,352
256	$69,914	$36,343	$33,571	$5,335,009
257	$69,914	$36,570	$33,344	$5,298,439
258	$69,914	$36,799	$33,115	$5,261,640
259	$69,914	$37,029	$32,885	$5,224,612
260	$69,914	$37,260	$32,654	$5,187,351
261	$69,914	$37,493	$32,421	$5,149,858
262	$69,914	$37,727	$32,187	$5,112,131
263	$69,914	$37,963	$31,951	$5,074,168
264	$69,914	$38,200	$31,714	$5,035,967
265	$69,914	$38,439	$31,475	$4,997,528
266	$69,914	$38,679	$31,235	$4,958,849
267	$69,914	$38,921	$30,993	$4,919,928
268	$69,914	$39,164	$30,750	$4,880,763
269	$69,914	$39,409	$30,505	$4,841,354
270	$69,914	$39,656	$30,258	$4,801,698
271	$69,914	$39,903	$30,011	$4,761,795
272	$69,914	$40,153	$29,761	$4,721,642
273	$69,914	$40,404	$29,510	$4,681,238
274	$69,914	$40,656	$29,258	$4,640,582
275	$69,914	$40,910	$29,004	$4,599,672
276	$69,914	$41,166	$28,748	$4,558,506
277	$69,914	$41,423	$28,491	$4,517,082
278	$69,914	$41,682	$28,232	$4,475,400
279	$69,914	$41,943	$27,971	$4,433,457
280	$69,914	$42,205	$27,709	$4,391,252
281	$69,914	$42,469	$27,445	$4,348,784
282	$69,914	$42,734	$27,180	$4,306,050
283	$69,914	$43,001	$26,913	$4,263,049
284	$69,914	$43,270	$26,644	$4,219,779
285	$69,914	$43,540	$26,374	$4,176,238
286	$69,914	$43,813	$26,101	$4,132,426
287	$69,914	$44,086	$25,828	$4,088,339
288	$69,914	$44,362	$25,552	$4,043,977
289	$69,914	$44,639	$25,275	$3,999,338
290	$69,914	$44,918	$24,996	$3,954,420
291	$69,914	$45,199	$24,715	$3,909,221
292	$69,914	$45,481	$24,433	$3,863,740
293	$69,914	$45,766	$24,148	$3,817,974
294	$69,914	$46,052	$23,862	$3,771,923
295	$69,914	$46,339	$23,575	$3,725,583
296	$69,914	$46,629	$23,285	$3,678,954
297	$69,914	$46,921	$22,993	$3,632,034
298	$69,914	$47,214	$22,700	$3,584,820
299	$69,914	$47,509	$22,405	$3,537,311
300	$69,914	$47,806	$22,108	$3,489,505
301	$69,914	$48,105	$21,809	$3,441,400
302	$69,914	$48,405	$21,509	$3,392,995
303	$69,914	$48,708	$21,206	$3,344,287
304	$69,914	$49,012	$20,902	$3,295,275
305	$69,914	$49,319	$20,595	$3,245,957
306	$69,914	$49,627	$20,287	$3,196,330
307	$69,914	$49,937	$19,977	$3,146,393
308	$69,914	$50,249	$19,665	$3,096,144
309	$69,914	$50,563	$19,351	$3,045,581
310	$69,914	$50,879	$19,035	$2,994,702
311	$69,914	$51,197	$18,717	$2,943,505
312	$69,914	$51,517	$18,397	$2,891,988
313	$69,914	$51,839	$18,075	$2,840,148
314	$69,914	$52,163	$17,751	$2,787,985
315	$69,914	$52,489	$17,425	$2,735,496
316	$69,914	$52,817	$17,097	$2,682,679
317	$69,914	$53,147	$16,767	$2,629,532
318	$69,914	$53,479	$16,435	$2,576,052
319	$69,914	$53,814	$16,100	$2,522,239
320	$69,914	$54,150	$15,764	$2,468,089
321	$69,914	$54,488	$15,426	$2,413,600
322	$69,914	$54,829	$15,085	$2,358,771
323	$69,914	$55,172	$14,742	$2,303,600
324	$69,914	$55,517	$14,398	$2,248,083
325	$69,914	$55,863	$14,051	$2,192,220
326	$69,914	$56,213	$13,701	$2,136,007
327	$69,914	$56,564	$13,350	$2,079,443
328	$69,914	$56,917	$12,997	$2,022,526
329	$69,914	$57,273	$12,641	$1,965,252
330	$69,914	$57,631	$12,283	$1,907,621
331	$69,914	$57,991	$11,923	$1,849,630
332	$69,914	$58,354	$11,560	$1,791,276
333	$69,914	$58,719	$11,195	$1,732,557
334	$69,914	$59,086	$10,828	$1,673,472
335	$69,914	$59,455	$10,459	$1,614,017
336	$69,914	$59,826	$10,088	$1,554,191
337	$69,914	$60,200	$9,714	$1,493,990
338	$69,914	$60,577	$9,337	$1,433,414
339	$69,914	$60,955	$8,959	$1,372,459
340	$69,914	$61,336	$8,578	$1,311,123
341	$69,914	$61,719	$8,195	$1,249,403
342	$69,914	$62,105	$7,809	$1,187,298
343	$69,914	$62,493	$7,421	$1,124,805
344	$69,914	$62,884	$7,030	$1,061,921
345	$69,914	$63,277	$6,637	$998,644
346	$69,914	$63,672	$6,242	$934,971
347	$69,914	$64,070	$5,844	$870,901
348	$69,914	$64,471	$5,443	$806,430
349	$69,914	$64,874	$5,040	$741,556
350	$69,914	$65,279	$4,635	$676,277
351	$69,914	$65,687	$4,227	$610,589
352	$69,914	$66,098	$3,816	$544,492
353	$69,914	$66,511	$3,403	$477,981
354	$69,914	$66,927	$2,987	$411,054
355	$69,914	$67,345	$2,569	$343,709
356	$69,914	$67,766	$2,148	$275,943
357	$69,914	$68,189	$1,725	$207,754
358	$69,914	$68,616	$1,298	$139,138
359	$69,914	$69,044	$870	$70,094
360	$69,914	$69,476	$438	$0

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© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of March 26, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.