4 months on rocket

741 W 18th St, Costa Mesa, CA, 92627

$1,600,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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741 W 18th St, Costa Mesa$1,600,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingAttached Carport, Garage
Garage1 space
Year Built1960
MLS #PW24127306
Lot Size0.14 Acres
StatusActive

About 741 W 18th St

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 financing options to secure this property, making it accessible for first-time investors or those looking to expand their portfolios. This is a rare chance to acquire a sought-after property that has not been available since 1996. Don’t miss out on this exceptional investment opportunity in a prime coastal location!

Property Details

Property Features

Property Information:

  • Year Built: 1960
  • Stories: 1

Listing Office:

  • Office Name: Justin White
  • Office Email: thesbgbp@gmail.com
  • Listing Agent: Justin White

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 1 space
  • Parking: Attached Carport, Garage

Lot Features

Lot Information:

  • Lot: Irregular Lot
  • Lot Size: 0.14 Acres

School Info

Assigned Schools Information:

  • Newport Harbor High School, Public District Grades 9-12
  • Horace Ensign Intermediate School, Public District Grades 7-8
  • Whittier Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: Intersection of W 18th and Wallace Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,600,000

Tax Information:

  • Annual Amount: $5,975
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Costa Mesa, CA.

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Costa Mesa, CA

City

Med. Sold Price

$1.3M

Med. Price/SqFt

$780

Avg. Days On Market

20

# of Sold Homes

37

741 W 18th St vs Costa Mesa

124 DAYS ON ROCKET

+104 Days

$1,600,000

+$249.2K More

KEY TAKEAWAY

This property is $249.2K more than the Median Sold Price in Costa Mesa, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PW24127306

Listing Office:

  • Office Name: Justin White
  • Office Email: thesbgbp@gmail.com
  • Listing Agent: Justin White

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/23/2024, 1:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 18, 1996Home Sold
$295,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,975$452,747
2020$5,918$448,105
2019$5,714$439,319
2018$5,715$430,705
2017$5,622$422,260

History based on county public records data.

Payment Calculator

$8,053

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,863

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-950183
4
/10

  • Whittier Elementary School

  • 1800 Whittier Ave

  • 0.59 miles

  • Public District Grades KG-6

Middle School

school-card-donut-950184
8
/10

  • Horace Ensign Intermediate School

  • 2000 Cliff Dr

  • 1.59 miles

  • Public District Grades 7-8

High School

school-card-donut-950185
7
/10

  • Newport Harbor High School

  • 600 Irvine Ave

  • 1.48 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,224. Typical income of Costa Mesa, CA residents is between $35k-100k annually. Most families are married, with kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Orange County›Costa Mesa›92627›741 W 18th St

This home is located at 741 W 18th St in Costa Mesa, CA and zip code 92627 in the Westside Costa Mesa neighborhood. This home, which was built in 1960, sits on a 0.14 acre lot. It has been listed on Rocket Homes since June 21, 2024 and is currently priced at $1,600,000.

Costa Mesa, CA housing market in September 2024 saw over 15 listings sold above listed price, more than 3 sold at listed price and over 19 sold below. The number of homes for sale in Costa Mesa, CA increased by 3.3% between August 2024 and September 2024. The median list price of listings available in September 2024 was $1,350,800, while the average time on the real estate market was 20 days.

From Rocket Homes Real Estate and based on county public records data.

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