369 17th St Costa Mesa, CA 92627-3270
Property profile & analytics
369 17th St Costa Mesa, CA 92627-3270
- Community centers
- 28,016 SF
- 1.86 lot acres
Property ID
US09-2550072
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Plums Cafe / Cafe & Coffee Shop
- Fleur De Lys / (Bike/Boat/Book/etc) Store
- Massimos Pizza and Pasta / Restaurant
- Shunka Sushi & Japanese Cuisine / Restaurant
- Baba Threading / Hair Salon / Nail Salon
Property Details for 369 17th St
- Year built
- 1975
- Lot size
- 1.86 lot acres
- Property size
- 28,016 SF
- Property type
- Community centers
- Property subtype
- Shopping centers
- APN
- 425-193-04
- APU
- 42519304
Description
This exceptional Class A, 39,334 square foot shopping center, located at 369 E 17th St, Costa Mesa, CA 92627, presents a compelling investment opportunity. Boasting a 97% occupancy rate and a Net Operating Income (NOI) of $1,725,598, this two-building, single-story property sits on a 13.73-acre lot. Built in 1975 and extensively renovated in 2018, the center features a mix of upscale boutiques and eateries, attracting customers from a highly affluent demographic with an average household income of $182,000. The property benefits from a triple-net (NNN) lease structure and multi-tenancy, providing diversification and stability. Tenants enjoy built-in annual rent increases of 4%, resulting in a projected NOI increase of over $400,000 (23%) over a 5-year period and over $923,000 (54%) over a 10-year period. This translates to a leveraged cash-on-cash return exceeding 13%. The property's core+ investment type and 6.50% cap rate further enhance its attractiveness. The asking price is $26,548,000. This fully depreciable asset offers outstanding after-tax returns due to the long-term leasehold nature of the property, with the potential to depreciate up to 100% of the purchase price. The property's prime location on 17th Street, a coveted retail corridor in the west Newport Beach/east Costa Mesa area, ensures high visibility and strong traffic counts.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Costa Mesa
- County
- Orange
- State
- California
- Longitude
- -117.913
- Latitude
- 33.6311
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$184,345
$13,136,273
$1,667,551
$14,803,824
-
$0.00
$0.00
$0.00
