764 W 18th Street

Costa Mesa, CA 92627

  • 8 Bed(s)
  • 6 Bath(s)
  • 4,131 Sqft
  • 6098
    Sqft(Lot)
$2,080,000

Description

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.

  • Property Type

    Residential Income
  • County

    Orange
  • Style

    Residential Income
  • AD ID

    49157951

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Spanish Tile
    • Windows: Blinds,Drapes
    • Fireplace: Living Room
    • Flooring: Laminate,Tile

    Heating Source

    • Central,Fireplace(s)
    • Has Heating

    Fireplace

    • Fireplace Features: Living Room
    • Has Fireplace: 1
  • Building Information

    • Year Built: 1970
    • Building Area Total: 4,131
    • Construction: Drywall,Stucco
    • Roof: Spanish Tile

    Foundation

    • Slab

    Security Features

    • Fire Detection System,Smoke Detector(s)

    Pool Features

    • None

    Laundry Features

    • Washer Hookup,Gas Dryer Hookup
  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.14
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 6098
  • Listing Price Information

    • Original List Price: 2,080,000
    • Listing Contract Date: 2025-03-29

    Lease Information

    • Listing Agreement: Exclusive Right To Sell
  • Tax Information

    • Parcel Number: 42417211
  • Garage and Parking

    • Garage Description: Door-Single,Driveway,Garage Faces Front,Garage,Paved

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas
  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C2 - Southwest Costa Mesa
    • Postal Code Plus 4: 9511
    • Directions: 55 Fwy S, Turn R on W 18th St
    • Source Property Type: Residential Income
    • Area: C2 - Southwest Costa Mesa
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 55
    • Common Walls: No Common Walls
    • Structure Type: Quadruplex
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: Front
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 04/04/2025 @ 07:22

  • MLS: OC25064656
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 8 bedrooms which is for sale, it has 4,131 sqft, 6,098 sized lot, and 4 parking. are nearby neighborhoods.