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132 E 18TH St

Costa Mesa, CA 92627
  • $2,850,000
  • STATUS: Active
  • ON SITE: 35 Days
  • MLS #: 22-147422
UPDATED: 24 min ago
$2,850,000
  • 6
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,000
    SQFT
  • $1,425
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1947
County:

School Ratings & Info

School District:

Description

DO NOT DISTURB CURRENT TENANTS - DRIVE BY ONLY. A great investment opportunity. Zoned for Commercial and Residential. This is an old 1947 bungalow duplex with TWO HOMES/offices. Large spacious lot with a Pickleball Court painted on concrete between the two homes (duplex). A unique property with a front house building which is a 4 bedroom 1 bath home and the the back house building consists of a charming 1 bedroom and 1 bath shared with a 1 bedroom/1 bath Studio. There is enough parking in courtyard for 6 cars. Coastal Living property is commercially zoned and R2. Ideal for a developer to tear down and build new units. A great find for a remodel for family that needs grandmothers quarters.....Lastly, wonderful for a home business (homecare, healthcare, childcare or income property) where you can manage a home and family while generating business revenue stream which proved satisfying to me.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-28T21:43:03.17. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.markwiseproperties.com/homes/127971148
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132 E 18TH St Costa Mesa, CA 92627

  • Price: $2,850,000
  • Status: Active
  • On Site: 35 Days
  • Updated: 24 min ago
  • MLS #: 22-147422
6
Beds
0
Baths
0
½ Baths
0.15
Acres
2,000
SQFT
$1,425
$/SQFT
1947
Built
Neighborhood:
Harper
County:
Orange
Area:
East Costa Mesa
School District:
Newport Mesa Unified
Property Description
DO NOT DISTURB CURRENT TENANTS - DRIVE BY ONLY. A great investment opportunity. Zoned for Commercial and Residential. This is an old 1947 bungalow duplex with TWO HOMES/offices. Large spacious lot with a Pickleball Court painted on concrete between the two homes (duplex). A unique property with a front house building which is a 4 bedroom 1 bath home and the the back house building consists of a charming 1 bedroom and 1 bath shared with a 1 bedroom/1 bath Studio. There is enough parking in courtyard for 6 cars. Coastal Living property is commercially zoned and R2. Ideal for a developer to tear down and build new units. A great find for a remodel for family that needs grandmothers quarters.....Lastly, wonderful for a home business (homecare, healthcare, childcare or income property) where you can manage a home and family while generating business revenue stream which proved satisfying to me.
Exterior Features

Cross Streets Fullerton And Newport Blvd. Direction Faces South Entry Location Ground Level - No Steps Exterior Construction ConcreteFrameStucco Levels Ground Level Lot Description CurbsExterior Security LightsFencedFenced YardGuttersStreet PavedStreet LightingStreet ConcreteSingle Lot Lot Location CityPark NearbyNear Public Transit Lot Size Area 6534 Other Structures Cabana Parking Garage AssignedDrivewayDirect EntranceDriveway - Combination Patio Features Covered Paved YN Yes Pool Description None Pool YN No Roof CompositionFlatShingle Spa None Spa YN No Sprinklers None Style California Bungalow Tennis Court Paddle Tennis YN Yes Total Parking 6 View Description None View YN No Water Frontage None

Interior Features

Bathroom Features 2 Master BathsLow Flow Toilet(S)Fiberglass Shower EnclosureShower And Tub Baths Total 3.00 Bedroom Features All Bedrooms Down Cooking Appliances Oven-GasMicrowaveGas Cooling Window Unit(S) Den No Dining Room No Equipment AntennaCeiling FanDishwasherDryerFreezerGarbage DisposalGas Dryer HookupHood FanIce MakerMicrowaveWater Line To RefrigeratorWater FilterVented Exhaust FanSatelliteRefrigeratorRange/OvenRecirculated Exhaust FanNetwork WirePortable DishwasherCable Family Room No Fireplace Rooms DiningBathDenElectricExteriorFree StandingGasKitchenLiving RoomPatio Flooring CarpetTile Foundation Details Slab Heating Space Heater Interior Features Drywall Walls Kitchen Features Formica Counters Laundry Outside Laundry Equipment Own Rooms AtticCabanaGuest-Maids Quarters Water Heater Features GasWater Heater Unit Windows ScreensVertical BlindsWindow BlindsMini Blinds

Property Features

Alley YN No Assessed Total Value 828445 Association Pet Rules No Community Features Rv Access/PrkgCommunity Mailbox Disability Access DisabilityaccessGrab Bars In Bathroom(S)Customized Wheelchair AccessibleRamp - Main LevelParkingNo Interior Steps Electric Expense 5400.00 Gardener Expense 2040.00 Gross Income 80000 Gross Operating Income 80000 Insurance Expense 2000.00 Land Lease Type Fee Like Units1 1 Like Units2 1 Like Units3 1 Maintenance Expense 12000.00 Monthly Gross Income 6700.00 Net Operating Income 2400.00 Number Of Buildings 2 Number Of Units 2 Owner Pays ElectricityGardenerGasWaterOther Property Condition FixerTear DownRepair Cosmetic Rent Control YN No Sale Type Standard Security Features Carbon Monoxide Detector(S)Exterior Security LightsFire And Smoke Detection SystemFire Rated DrywallLeasedPrewired For Alarm SystemSmoke DetectorGatedResident Manager Sewer In Street Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Assessor Tenant Pays Air Cond/Heat MaintCable TvElectricityExterior MaintenanceGardenerGasInsuranceInterior MaintJanitorial ServiceParking Lot MaintRoofHot WaterWaterTaxesTrash CollectionManagement Total Annual Expense 32340 TVServices Cable TvTv Satellite DishTv Satellite Dish - Leased Type Of Units Duplex Water Meter On PropertyWater District Water Expense 1000.00 Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning R2-Md

Listing provided courtesy of Laura Villa DRE#01776350 of Homesmart.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-28T21:43:03.17. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Mark Wise | Bennion Deville Homes
71691 Highway 111
Rancho Mirage CA, 92270