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Listed by Stephanie Peterson • Arbor Real Estate
$ 1,800,000
Est. payment /mo
Active
777 W 18th Street Costa Mesa, CA 92627
2,227 SqFt
UPDATED:
11/26/2024 02:05 AM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,227 sqft
Price per Sqft $808
MLS Listing ID CRNP24223351
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1961
Lot Size 9,218 Sqft
Property 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 vacant and available for lease, 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, whil
Location
State CA
County Orange
Interior
Heating Forced Air, Wall Furnace
Cooling No Air Conditioning
Flooring Laminate, Tile, Wood
Fireplace No
Laundry Gas Dryer Hookup, Laundry Room, Other
Exterior
View None
Handicap Access Other
Building
Lot Description Level, Other, Back Yard, Front Yard, Paved, Landscape Misc
Water Public
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