CA > Costa Mesa > Westside Costa Mesa South
Costa Mesa, CA 92627,777 West 18th Street
Costa Mesa, CA 92627,777 West 18th Street
Costa Mesa, CA 92627,777 West 18th Street
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Listed by Stephanie Peterson • Arbor Real Estate
$1,800,000
Est. payment /mo
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2,227 SqFt
Active

777 West 18th Street Costa Mesa, CA 92627

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Maureen Alphonso

Maureen Alphonso

+1(805) 279-6885

UPDATED:

12/11/2024 12:53 AM

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,227 sqft

Price per Sqft $808

Subdivision Westside Costa Mesa South

MLS Listing ID NP-24223351

Style Ranch

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, 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

Zoning R2

Interior

Interior Features Ceramic Counters, Cathedral Ceiling(s), Beamed Ceilings, Open Floorplan, Tile Counters, Unfurnished

Heating Wall Furnace, Forced Air

Cooling None

Flooring Laminate, Tile, Wood

Fireplaces Type Living Room, Masonry

Laundry Gas Dryer Hookup, Individual Room, Outside

Exterior

Parking Features Assigned

Garage Spaces 2.0

Pool None

Community Features Sidewalks

Utilities Available Sewer Connected, Water Connected, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Phone Connected

View Y/N No

View None

Building

Lot Description Front Yard, Landscaped, Lawn, Level, Lot 6500-9999, Near Public Transit, Paved, Rectangular Lot, Treed Lot, Utilities - Overhead, Yard, 2-5 Units/Acre, Back Yard

Sewer Public Sewer

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Maureen Alphonso

Agent | License ID: 01734126

+1(805) 279-6885

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777 West 18th Street