$ 1,600,000
741 W 18th Street Costa Mesa, CA 92627
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$ 1,600,000
Est. payment /mo
Active
741 W 18th Street Costa Mesa, CA 92627
6 Beds
2,512 SqFt
UPDATED:
06/30/2024 12:55 AM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,512 sqft
Price per Sqft $636
MLS Listing ID CRPW24127306
Bedrooms 6
HOA Y/N No
Year Built 1960
Lot Size 6,120 Sqft
Acres 0.14
Property Description
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
Location
State CA
County Orange
Area Listing
Interior
Fireplace No
Laundry Community Facility
Exterior
Total Parking Spaces 5
Building
Lot Description Irregular Lot
New Construction No
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Listed by Justin White • Justin White
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