741 18th Street, Costa Mesa

$1,600,000

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6

Beds

4

Baths

0.14

Acres

Listing Agent
Justin White - Justin White

About 741 18th Street

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!

Features of 741 18th Street

MLS® # PW24127306
Price $1,600,000
Bedrooms 6
Bathrooms 4.00
Acres 0.14
Year Built 1960
Type Residential Income
Sub-Type Quadruplex
Status Active

Community Information

Address 741 18th Street
Area 699 - Not Defined
City Costa Mesa
County Orange
Zip Code 92627

Amenities

Parking Spaces 5
Parking Attached Carport, Garage
# of Garages 1
Garages Attached Carport, Garage
Is Waterfront No
Has Pool No
Pool None

Interior

Has Basement No
Fireplace No
# of Stories 1
Stories Multi/Split

Exterior

Lot Description Irregular Lot

Additional Information

Date Listed May 30th, 2024
Days on Market 28
Foreclosure No
Short Sale No
RE / Bank Owned No
Leased Land Fee
Senior Community No

Listing Details

AgentJustin White
OfficeJustin White

Listing Map

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