777 W 18th Street

Costa Mesa, CA 92627

  • 7 Bed(s)
  • 3 Bath(s)
  • 2,227 Sqft
  • 9218
    Sqft(Lot)
$1,800,000

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. don’t miss out on this incredible opportunity!

  • Property Type

    Residential Income

  • County

    Orange

  • Style

    Ranch

  • AD ID

    47517277

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Composition
    • Interior Features: Beamed Ceilings,Ceramic Counters,Cathedral Ceiling(s),Open Floorplan,Tile Counters,Unfurnished,All Bedrooms Down,Bedroom on Main Level,Walk-In Closet(s)
    • Windows: Screens,Skylight(s)
    • Property Appliances: Built-In Range,Gas Cooktop,Disposal,Gas Oven,Gas Range,Water Heater
    • Fireplace: Living Room,Masonry,Wood Burning
    • Flooring: Laminate,Tile,Wood

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Forced Air,Wall Furnace
    • Has Heating

    Fireplace

    • Fireplace Features: Living Room,Masonry,Wood Burning
    • Has Fireplace: 1

  • Building Information

    • Year Built: 1961
    • Building Area Total: 2,227
    • Roof: Composition

    Foundation

    • Slab

    Accessibility Features

    • No Stairs

    Pool Features

    • None

    Laundry Features

    • Gas Dryer Hookup,Laundry Room,Outside

    Fencing

    • Block,Excellent Condition,Vinyl

  • Lot Details

    • Lot Dimensions Source: Public Records
    • Lot Size Acres: 0.2116
    • Lot Size Dimensions: 71 x 130
    • Lot Size Source: Public Records
    • Lot Size Square Feet: 9218

  • Listing Price Information

    • Original List Price: 1,800,000
    • Listing Contract Date: 2024-11-01

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 42405513

  • Garage and Parking

    • Garage Description: Assigned

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C2 - Southwest Costa Mesa
    • Directions: Take 18th street west, units are on left hand side.
    • Zoning: R2
    • Source Property Type: Residential Income
    • Area: C2 - Southwest Costa Mesa
    • Property SubType: Duplex

    Building and Construction

    • Property Age: 63
    • Common Walls: No Common Walls
    • Property Condition: Updated/Remodeled,Turnkey
    • Structure Type: Duplex
    • Year Built Source: Public Records
    • Entry Level: 1
    • Entry Location: 1
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 11/21/2024 @ 08:59

  • MLS: NP24223351
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 7 bedrooms which is for sale, it has 2,227 sqft, 9,218 sized lot, and 2 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Costa Mesa , in zip code 92627, this Orange County Home are nearby neighborhoods.