777 W 18th ST Costa Mesa, CA 92627
UPDATED:
11/11/2024 07:45 PM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Westside Costa Mesa South (Wscm)
MLS Listing ID NP24223351
Construction Status Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 1961
Lot Size 9,217 Sqft
Lot Dimensions Public Records
Property Description
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!
Location
State CA
County Orange
Area C2 - Southwest Costa Mesa
Zoning R2
Interior
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)
Heating Forced Air, Wall Furnace
Cooling None
Flooring Laminate, Tile, Wood
Fireplaces Type Living Room, Masonry, Wood Burning
Fireplace Yes
Appliance Built-In Range, Gas Cooktop, Disposal, Gas Oven, Gas Range, Water Heater
Laundry Gas Dryer Hookup, Laundry Room, Outside
Exterior
Garage Assigned
Garage Spaces 2.0
Garage Description 2.0
Fence Block, Excellent Condition, Vinyl
Pool None
Community Features Sidewalks
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Phone Connected, Sewer Connected, Water Connected, Overhead Utilities
View Y/N No
View None
Roof Type Composition
Accessibility No Stairs
Total Parking Spaces 8
Private Pool No
Building
Lot Description 2-5 Units/Acre, Back Yard, Front Yard, Lawn, Landscaped, Level, Near Public Transit, Paved, Rectangular Lot, Trees, Yard
Story 1
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Ranch
Level or Stories One
New Construction No
Construction Status Updated/Remodeled,Turnkey
Others
Senior Community No
Tax ID 42405513
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
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