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777 W 18th Street, Costa Mesa, CA 92627

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For Sale

$1,800,000

7 beds • 3 baths • 2,227 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $808.26
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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!
MLS# NP24223351

Courtesy Of Arbor Real Estate Professionals

(949) 673-7600

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock, Lawn, Sky light
  • Appliances
    Cooktop, Cooktop - Gas, Garbage Disposer, Oven - Gas, Range, Range - Gas
  • Architecture Style
    Ranch
  • Cooling System
    None
  • Floor Covering
    Laminate, Tile, Wood
  • Heating System
    Forced Air
  • Rooms
    Family Room, Kitchen

Map and Directions

Directions to 777 W 18th Street, Costa Mesa, CA 92627

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CENTURY 21 Affiliated

(949) 480-5200
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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