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
MLS #
CRPW24127306
MLS Source
California Regional MLS
Days on Site
154
Laundry
Community Facility
Pool
None
Garage/Parking
Carport, Garage, Garage: 1 Car(s)
# Buildings | # Leased Units | # Total Units |
---|---|---|
1 | – | 4 |
741 W 18th St is a Residential Income in Costa Mesa, CA 92627. This – square foot property sits on a 6,120 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,600,000 and was built in 1960.
This address can also be written as 741 W 18th St, Costa Mesa, CA 92627.©2024 California Regional MLS. All rights reserved. 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of June 30, 2024. For the most current information, please contact Justin White