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Additional details
$ 2,080,000
Est. payment /mo
New
764 W 18th Street Costa Mesa, CA 92627
8 Beds
6 Baths
6,098 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25064656
Bedrooms 8
HOA Y/N No
Lot Size 6,098 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Don't miss this rare opportunity to own a Pride Covington Triplex in a prime Costa Mesa location, offering excellent income potential with long-term, reliable tenants already in place. This property is perfect for savvy investors looking for a turnkey rental with steady cash flow and major capital improvements already completed. The triplex comprises three spacious units, each thoughtfully designed for comfort and functionality. Property features a brand new high-quality flat roof (2024), recently replaced with a $34,000 roofing system, including an engineered roofing plan and city permit. The roof comes with a 25+ year guarantee, providing long-term durability and peace of mind. Each unit features a recently replaced furnace, ensuring efficient heating and added value for tenants. Unit #1 has a completely remodeled kitchen with modern finishes and updated appliances. All units have new toilets and vanity sinks, enhancing comfort and functionality. Select rooms across all three units have updated flooring, creating a refreshed and inviting atmosphere with aesthetics and livability. This property also has ample parking which includes a 4-car garage plus 6 additional off-street parking spaces, offering convenience and value for tenants. The property reflects pride of ownership with thoughtful upgrades and ongoing care. Investments highlights includes: All units are fully occupied by excellent long-term tenants, providing steady and dependable rental income. Located in the highly desirable city of Costa Mesajust minutes from the beach, shopping centers, dining, and major freew
Don't miss this rare opportunity to own a Pride Covington Triplex in a prime Costa Mesa location, offering excellent income potential with long-term, reliable tenants already in place. This property is perfect for savvy investors looking for a turnkey rental with steady cash flow and major capital improvements already completed. The triplex comprises three spacious units, each thoughtfully designed for comfort and functionality. Property features a brand new high-quality flat roof (2024), recently replaced with a $34,000 roofing system, including an engineered roofing plan and city permit. The roof comes with a 25+ year guarantee, providing long-term durability and peace of mind. Each unit features a recently replaced furnace, ensuring efficient heating and added value for tenants. Unit #1 has a completely remodeled kitchen with modern finishes and updated appliances. All units have new toilets and vanity sinks, enhancing comfort and functionality. Select rooms across all three units have updated flooring, creating a refreshed and inviting atmosphere with aesthetics and livability. This property also has ample parking which includes a 4-car garage plus 6 additional off-street parking spaces, offering convenience and value for tenants. The property reflects pride of ownership with thoughtful upgrades and ongoing care. Investments highlights includes: All units are fully occupied by excellent long-term tenants, providing steady and dependable rental income. Located in the highly desirable city of Costa Mesajust minutes from the beach, shopping centers, dining, and major freewaysmaking it a top choice for renters. With most systems recently upgraded, this property is a low-maintenance, high-return investment. Also, all units are currently under rented, providing significant upside potential for increased rental income over time. The property has very low vacancy rate due to the fact that it is located in a highly sought-after rental area and is consistently in high demand. With Costa Mesa's strong rental market and the property's proven track record of occupancy, this triplex represents a great investment with significant income potential. Whether you're a seasoned investor or exploring your first multi-family property, this offering aligns with strategic investment goals. Don't miss out on this rare chance to acquire a high-performing asset in one of Costa Mesa's sought-after communities.
Don't miss this rare opportunity to own a Pride Covington Triplex in a prime Costa Mesa location, offering excellent income potential with long-term, reliable tenants already in place. This property is perfect for savvy investors looking for a turnkey rental with steady cash flow and major capital improvements already completed. The triplex comprises three spacious units, each thoughtfully designed for comfort and functionality. Property features a brand new high-quality flat roof (2024), recently replaced with a $34,000 roofing system, including an engineered roofing plan and city permit. The roof comes with a 25+ year guarantee, providing long-term durability and peace of mind. Each unit features a recently replaced furnace, ensuring efficient heating and added value for tenants. Unit #1 has a completely remodeled kitchen with modern finishes and updated appliances. All units have new toilets and vanity sinks, enhancing comfort and functionality. Select rooms across all three units have updated flooring, creating a refreshed and inviting atmosphere with aesthetics and livability. This property also has ample parking which includes a 4-car garage plus 6 additional off-street parking spaces, offering convenience and value for tenants. The property reflects pride of ownership with thoughtful upgrades and ongoing care. Investments highlights includes: All units are fully occupied by excellent long-term tenants, providing steady and dependable rental income. Located in the highly desirable city of Costa Mesajust minutes from the beach, shopping centers, dining, and major freewaysmaking it a top choice for renters. With most systems recently upgraded, this property is a low-maintenance, high-return investment. Also, all units are currently under rented, providing significant upside potential for increased rental income over time. The property has very low vacancy rate due to the fact that it is located in a highly sought-after rental area and is consistently in high demand. With Costa Mesa's strong rental market and the property's proven track record of occupancy, this triplex represents a great investment with significant income potential. Whether you're a seasoned investor or exploring your first multi-family property, this offering aligns with strategic investment goals. Don't miss out on this rare chance to acquire a high-performing asset in one of Costa Mesa's sought-after communities.
Location
State CA
County Orange
Area Oc - Costa Mesa (92627)
Zoning Assessor
Interior
Appliance Fireplace
Exterior
Exterior Feature Stucco
Building
Lot Description Sidewalks
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Acceptable Financing Cash, Conventional
Space Rent $1,950
Listing Terms Cash, Conventional
Listed by Kathleen Tran • Realty One Group West
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