$ 1,600,000
741 W 18th ST Costa Mesa, CA 92627
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$ 1,600,000
Est. payment | /mo
6,120 Sqft Lot
$ 1,600,000
Est. payment | /mo
6,120 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW24127306
Originating Board California Regional MLS
Year Built 1960
Lot Size 6,120 Sqft
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
Location
State CA
County Orange
Area 699 - Not Defined
Interior
Laundry Community Facility
Exterior
Garage Carport , Garage
Garage Spaces 5.0
Pool None
Building
Lot Description Irregular
Story Split Level
Water District - Public
Others
Special Listing Condition Not Applicable
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Listed by Justin White • Justin White
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "