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777 18th Street
Costa Mesa, CA 92627
Exceptional Investment Opportunity – Two detached homes on a large 9,218-square-foot parcel! Located in the rapidly appreciating West Side Costa Mesa area, this property is ideal for investors, developers, or homeowners seeking rental income. The prime property presents a promising opportunity for investors to increase income by adjusting the existing below-market lease rates to market value. The recently renovated front home has 3 bedrooms and 1 full bathroom, featuring a spacious, gated front yard. The open floor plan offers vaulted ceilings, wood flooring, and a brick fireplace, with abundant natural light streaming through skylights and windows. An independent, gated rear yard attached to this house provides the perfect space for private relaxation or entertaining. The front home is currently leased for $3,600 per month and will be vacant and available for lease in mid-November, with high interest already expressed by potential tenants. It is actively listed for lease at $3,900 per month. The rear detached home, with its own private, gated backyard, includes 4 bedrooms and 2 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 in the rear is on a month-to-month lease at $3,600 per month, while similar neighboring rentals are achieving up to $4,200 per month, highlighting potential for increased rental income. Each home has a separate laundry area, a one-car garage, and ample off-street parking. Conveniently situated near the vibrant 17th Street scene 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!
PROPERTY INFORMATION
| MLS # | NP24223351 | Lot Size | 9,218 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Duplex |
| Price | $ 1,800,000
Price Per SqFt: $ 808 |
DOM | 178 Days |
| Address | 777 18th Street | Type | Residential Income |
| City | Costa Mesa | Sq.Ft. | 2,227 Sq. Ft. |
| Postal Code | 92627 | Garage | 2 |
| County | Orange | Year Built | 1961 |
| Bed / Bath | 7 / 0 | Parking | 8 |
| Built In | 1961 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Gas Dryer Hookup, Individual Room, Outside |
| Has Fireplace | Yes |
| Fireplace Information | Living Room, Wood Burning, Masonry |
| Has Appliances | Yes |
| Kitchen Appliances | Built-In Range, Disposal, Gas Oven, Gas Range, Gas Cooktop, Water Heater |
| Has Heating | Yes |
| Heating Information | Forced Air, Wall Furnace |
| Room Information | All Bedrooms Down, Family Room, Kitchen, Laundry, Main Floor Bedroom, Separate Family Room, Walk-In Closet |
| Has Cooling | No |
| Cooling Information | None |
| Flooring Information | Laminate, Tile, Wood |
| InteriorFeatures Information | Beamed Ceilings, Cathedral Ceiling(s), Ceramic Counters, Open Floorplan, Tile Counters, Unfurnished |
| EntryLocation | 1 |
| Entry Level | 1 |
| Has Spa | No |
| SpaDescription | None |
| WindowFeatures | Screens, Skylight(s) |
EXTERIOR FEATURES
| FoundationDetails | Slab |
| Roof | Composition |
| Has Pool | No |
| Pool | None |
| Has Fence | Yes |
| Fencing | Block, Excellent Condition, Vinyl |
WALKSCORE
Walk Score: 77 (Very Walkable)
Transit Score: 43 (Some Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,920
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 11/01/2024 | Listed | $1,800,000 |
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Listing provided courtesy of Stephanie Peterson, Arbor Real Estate. 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.
