777 18th Street, Costa Mesa, CA 92627
  • MLS#: NP24223351 ( Duplex )
  • Street Address: 777 18th Street
  • Viewed: 2
  • Price: $1,800,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1961
  • Bldg sqft: 0
  • Days On Market: 15
  • Additional Information
  • County: ORANGE
  • City: Costa Mesa
  • Zipcode: 92627
  • Subdivision: Westside Costa Mesa South (wsc
  • Provided by: Arbor Real Estate
  • Contact: Stephanie Stephanie
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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. Dont miss out on this incredible opportunity!
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Features
Accessibility Features
  1. No Interior Steps
Appliances
  1. Built-In Range
  2. Disposal
  3. Gas Oven
  4. Gas Range
  5. Gas Cooktop
  6. Water Heater
Architectural Style
  1. Ranch
Assessments
  1. None
Association Fee
  1. 0.00
Building Area Total
  1. 2227.00
Commoninterest
  1. None
Common Walls
  1. No Common Walls
Cooling
  1. None
Country
  1. US
Days On Market
  1. 12
Fencing
  1. Block
  2. Excellent Condition
  3. Vinyl
Fireplace Features
  1. Living Room
  2. Wood Burning
  3. Masonry
Flooring
  1. Laminate
  2. Tile
  3. Wood
Foundation Details
  1. Slab
Garage Spaces
  1. 2.00
Heating
  1. Forced Air
  2. Wall Furnace
Insurance Expense
  1. 0.00
Interior Features
  1. Beamed Ceilings
  2. Cathedral Ceiling(s)
  3. Ceramic Counters
  4. Open Floorplan
  5. Tile Counters
  6. Unfurnished
Laundry Features
  1. Gas Dryer Hookup
  2. Individual Room
  3. Outside
Levels
  1. One
Lockboxtype
  1. None
Lot Dimensions Source
  1. Public Records
Lot Features
  1. 2-5 Units/Acre
  2. Back Yard
  3. Front Yard
  4. Landscaped
  5. Lawn
  6. Lot 6500-9999
  7. Rectangular Lot
  8. Level
  9. Near Public Transit
  10. Paved
  11. Treed Lot
  12. Utilities - Overhead
  13. Yard
Netoperatingincome
  1. 0.00
Parcel Number
  1. 42405513
Parking Features
  1. Assigned
Pool Features
  1. None
Property Type
  1. Duplex
Property Condition
  1. Turnkey
  2. Updated/Remodeled
Road Frontage Type
  1. City Street
Road Surface Type
  1. Paved
Roof
  1. Composition
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 426196013:CRM
Spa Features
  1. None
Subdivision Name Other
  1. Westside Costa Mesa South (WSCM)
Tenant Pays
  1. Electricity
  2. Gas
Totalexpenses
  1. 0.00
Trash Expense
  1. 0.00
Uncovered Spaces
  1. 6.00
Utilities
  1. Cable Connected
  2. Electricity Connected
  3. Natural Gas Connected
  4. Phone Available
  5. Phone Connected
  6. Sewer Connected
  7. Water Connected
View
  1. None
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Window Features
  1. Screens
  2. Skylight(s)
Year Built
  1. 1961
Year Built Source
  1. Public Records
Zoning
  1. R2