CA > Costa Mesa
Costa Mesa, CA 92627,741 W 18th ST
Costa Mesa, CA 92627,741 W 18th ST
Costa Mesa, CA 92627,741 W 18th ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,600,000
Est. payment /mo
6,120 Sqft Lot
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UPDATED:

09/30/2024 06:51 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW24127306

HOA Y/N No

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 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!

Location

State CA

County Orange

Area 699 - Not Defined

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Attached Carport, Garage

Garage Spaces 1.0

Carport Spaces 4

Garage Description 1.0

Pool None

Community Features Sidewalks

Total Parking Spaces 5

Private Pool No

Building

Lot Description Irregular Lot

Story 1

Entry Level Multi/Split

Sewer Public Sewer

Water Public

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Justin White • Justin White • thesbgbp@gmail.com

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