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741 18th Street
Costa Mesa, CA 92627
Exclusive Coastal Investment Opportunity – First Time on the Market Since 1996! Unlock the potential of coastal living with this exciting opportunity by the beach! Coastal apartments have consistently demonstrated exceptional appreciation, robust rental growth, and attract high-quality tenants, making them a cornerstone of any successful real estate portfolio. Just a short stroll from Newport Beach, 741 W 18th Street is nestled less than half a mile from Newport Blvd, offering the best of both worlds with easy beach access and close proximity to vibrant city amenities. The property features an attractive mix of one- and two-bedroom units. Units A and B offer the luxury of private yard access, perfect for outdoor enthusiasts, while Units C and D come with private deck entries, providing a serene space for relaxation. The property benefits from tuck-under parking at the rear of the building and a spacious shared driveway ensuring ample parking spaces for both residents and guests. All tenants are on month-to-month leases, affording the buyer maximum flexibility when operating the property. Investing in fixtures and aesthetics will provide significant upside potential in rental income, making this property an excellent value-add opportunity. Take advantage of residential financing options to secure this property, making it accessible for first-time investors or those looking to expand their portfolios. This is a rare chance to acquire a sought-after property that has not been available since 1996. Don’t miss out on this exceptional investment opportunity in a prime coastal location!
PROPERTY INFORMATION
| MLS # | PW24127306 | Lot Size | 6,120 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Quadruplex |
| Price | $ 1,600,000
Price Per SqFt: $ 637 |
DOM | 311 Days |
| Address | 741 18th Street | Type | Residential Income |
| City | Costa Mesa | Sq.Ft. | 2,512 Sq. Ft. |
| Postal Code | 92627 | Garage | 1 |
| County | Orange | Year Built | 1960 |
| Bed / Bath | 6 / 0 | Parking | 5 |
| Built In | 1960 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Community |
| EntryLocation | 1 |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,707
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 06/21/2024 | Listed | $1,600,000 |
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Listing provided courtesy of Justin White, Justin White. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
