777 West 18th Street Active Save Request In-Person Tour Request Virtual Tour
Costa Mesa,CA 92627
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