764 W 18th Street
Costa Mesa, CA 92627
- – beds
- – baths
- – sqft
- 6,098 sqft lot
- 1970 build
- – on site
Don't miss this rare opportunity to own a Pride Covington Triplex in a prime Costa Mesa location, offering excellent income potential with long-term, reliable tenants already in place. This property is perfect for savvy investors looking for a turnkey rental with steady cash flow and major capital improvements already completed. The triplex comprises three spacious units, each thoughtfully designed for comfort and functionality. Property features a brand new high-quality flat roof (2024), recently replaced with a $34,000 roofing system, including an engineered roofing plan and city permit. The roof comes with a 25+ year guarantee, providing long-term durability and peace of mind. Each unit features a recently replaced furnace, ensuring efficient heating and added value for tenants. Unit #1 has a completely remodeled kitchen with modern finishes and updated appliances. All units have new toilets and vanity sinks, enhancing comfort and functionality. Select rooms across all three units have updated flooring, creating a refreshed and inviting atmosphere with aesthetics and livability. This property also has ample parking which includes a 4-car garage plus 6 additional off-street parking spaces, offering convenience and value for tenants. The property reflects pride of ownership with thoughtful upgrades and ongoing care. Investments highlights includes: All units are fully occupied by excellent long-term tenants, providing steady and dependable rental income. Located in the highly desirable city of Costa Mesa—just minutes from the beach, shopping centers, dining, and major freeways—making it a top choice for renters. With most systems recently upgraded, this property is a low-maintenance, high-return investment. Also, all units are currently under rented, providing significant upside potential for increased rental income over time. The property has very low vacancy rate due to the fact that it is located in a highly sought-after rental area and is consistently in high demand. With Costa Mesa's strong rental market and the property's proven track record of occupancy, this triplex represents a great investment with significant income potential. Whether you're a seasoned investor or exploring your first multi-family property, this offering aligns with strategic investment goals. Don't miss out on this rare chance to acquire a high-performing asset in one of Costa Mesa's sought-after communities.
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Last updated Apr 1, 2025
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MLS# OC25064656 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1970
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Drywall Walls, Stucco
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Building Area Total:4131.00
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Building Area Units:Square Feet
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Total Number Of Units:3
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# of Buildings:1
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Roof:Spanish Tile
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Foundation:Slab
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Stories Total:2
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Entry Level:1
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Common Walls:No Common Walls
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# of Separate Gas Meters:3
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# of Separate Water Meters:1
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# of Separate Electric Meters:3
Interior
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Levels:Two
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Entry Location:Front
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Door Features:Sliding Doors
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Window Features:Blinds, Drapes
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Flooring:Laminate, Tile
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Room Type:Kitchen, Living Room
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Fireplace:Yes
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Fireplace:Living Room
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Laundry:Gas Dryer Hookup, Washer Hookup
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Laundry:1
Financial & Terms
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Disclosures:LA/Owner Related
Location
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Directions:55 Fwy S, Turn R on W 18th St
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Latitude:33.63995300
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Longitude:-117.93049100
The Property
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Property Type:Residential Income
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Subtype:Quadruplex
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Lot Features:Level with Street, Rectangular Lot, Level, Paved
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Lot Size Area:6098.0000
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Lot Size Acres:0.1400
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Lot Size SqFt:6098.00
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Lot Size Source:Assessor
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Security Features:Fire and Smoke Detection System
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Road Frontage:City Street
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Road Surface Type:Paved
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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 Census Tract:636.05
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Tax Tract:2924
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Tax Lot:6
The Listing
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Special Listing Conditions:Standard
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Parcel Number:42417211
Heating & Cooling
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Heating:1
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Heating:Central, Fireplace(s)
Utilities
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Utilities:Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
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Sewer:Public Sewer
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Electric:Electricity - On Property, Standard
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Water Source:Public
The Community
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Subdivision:Other (OTHR)
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Subdivision:Other
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Features:Sidewalks, Storm Drains, Street Lights, Suburban
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
Parking
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Parking:Yes
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Parking:Driveway, Paved, Garage Faces Front, Garage - Single Door
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Parking Spaces:4.00
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Garage 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).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/29/25
Mar 29, 2025
|
Listed / Active | CRMLS_CA | $2,080,000 |