See all 5 photos

$1,800,000

Est. payment - /mo

Save

9,217 Sqft Lot

New

777 W 18th ST Costa Mesa, CA 92627

Save

In-PersonVirtual Tour

Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

11/01/2024 11:54 PM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Westside Costa Mesa South (Wscm)

MLS Listing ID NP24223351

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 1961

Lot Size 9,217 Sqft

Lot Dimensions Public Records

Property Description

Exceptional Investment Opportunity ? two detached, well-maintained homes on a large parcel! Located in the rapidly appreciating West Side Costa Mesa area, this property is ideal for investors, developers, or homeowners seeking rental income.

Upon arrival, one will find the front home features a spacious, gated front yard. Recently renovated, this residence includes three bedrooms and one full bathroom. The open floor plan offers vaulted ceilings, wood flooring, and a brick fireplace, with immense natural light coming from the skylights and windows. The independent, gated rear yard attached to this house provides the perfect space for private relaxation or entertaining. This front will be vacant and available for lease mid-November, with high interest already expressed by potential future tenants. This home is also actively listed for lease for $3,900 per month.

The rear detached home, with its own private, gated backyard, includes four spacious bedrooms and two bathrooms. The open living room and kitchen create a seamless flow, leading to an expansive outdoor area shaded by mature trees for added privacy and tranquility. The current long-term tenant is on a month-to-month lease at $3,600, offering flexibility for future ownership. Each home has a separate laundry area, a one-car garage, and ample off-street parking.

Conveniently situated near the vibrant 17th Streetscene and the iconic beaches of Newport Beach, this duplex offers an outstanding opportunity for income generation and capital growth in a highly sought-after location. Zoned for multifamily development, this property presents prime development potential. Don?t miss out on this incredible opportunity!

Location

State CA

County Orange

Area C2 - Southwest Costa Mesa

Zoning R2

Rooms

Ensuite Laundry Gas Dryer Hookup, Laundry Room, Outside

Interior

Interior Features Beamed Ceilings, Ceramic Counters, Cathedral Ceiling(s), Open Floorplan, Tile Counters, Unfurnished, All Bedrooms Down, Bedroom on Main Level, Walk-In Closet(s)

Laundry Location Gas Dryer Hookup,Laundry Room,Outside

Heating Forced Air, Wall Furnace

Cooling None

Flooring Laminate, Tile, Wood

Fireplaces Type Living Room, Masonry, Wood Burning

Fireplace Yes

Appliance Built-In Range, Gas Cooktop, Disposal, Gas Oven, Gas Range, Water Heater

Laundry Gas Dryer Hookup, Laundry Room, Outside

Exterior

Garage Assigned

Garage Spaces 2.0

Garage Description 2.0

Fence Block, Excellent Condition, Vinyl

Pool None

Community Features Sidewalks

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Phone Connected, Sewer Connected, Water Connected, Overhead Utilities

View Y/N No

View None

Roof Type Composition

Accessibility No Stairs

Parking Type Assigned

Total Parking Spaces 8

Private Pool No

Building

Lot Description 2-5 Units/Acre, Back Yard, Front Yard, Lawn, Landscaped, Level, Near Public Transit, Paved, Rectangular Lot, Trees, Yard

Story 1

Entry Level One

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Ranch

Level or Stories One

New Construction No

Construction Status Updated/Remodeled,Turnkey

Others

Senior Community No

Tax ID 42405513

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

Listed by Stephanie Peterson • Arbor Real Estate • 949-400-1717

Get More Information

Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

Quick Search