741 W 18th Street
Costa Mesa, CA 92627
- – beds
- – baths
- – sqft
- 6,120 sqft lot
- 1960 build
- – on site
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!
Last checked:
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Last updated Oct 24, 2024
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MLS# PW24127306 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1960
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Year Built Source:Public Records
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New Construction:No
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Entry Level:1
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Common Walls:2+ Common Walls
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Building Area Total:2512.00
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Building Area Units:Square Feet
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# of Buildings:1
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Total Number Of Units:4
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Stories Total:1
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# of Separate Gas Meters:4
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# of Separate Electric Meters:4
Interior
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Levels:Multi/Split
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Entry Location:1
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Laundry:Community
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Laundry:1
Location
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Directions:Intersection of W 18th and Wallace Ave
The Property
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Property Type:Residential Income
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Subtype:Quadruplex
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Lot Features:Irregular Lot
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Lot Size Area:6120.0000
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Lot Size Acres:0.1405
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Lot Size SqFt:6120.00
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Lot Size Source:Public Records
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Tract:-
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Tax Lot:-
The Listing
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Special Listing Conditions:Standard
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Senior Community:No
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Features:Sidewalks
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Pool:None
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Private Pool:No
Parking
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Parking:Yes
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Parking:Attached Carport, Garage
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Parking Spaces:5.00
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Garage Spaces:1.00
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Carport Spaces:4.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/21/24
Jun 21, 2024
|
Listed / Active | CRMLS_CA | $1,600,000 |
