Link Copied

Added 3 months ago

$2,080,000

764 W 18 Th St, Costa Mesa, CA

Real Estate

For Sale

Listed price in listed location currency (USD).
$2,080,000

Added 3 months ago

00-4
  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage Yes
Taxes 
Days Active 84
Lot Size 
Approx. Age 1970
MLS® Number OC25064656

Property Address: 764 W 18 Th St, Costa Mesa, California

Average square foot calculated using Size range provided by listing agent.

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 great 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 warranty, 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 as well as a remodeled master shower. All units have newer 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 Mesa—just minutes from the beach, shopping centers, dining, and major freeways—making 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.
MLS® NumberOC25064656
Laundry LevelWasher Hookup, Gas Dryer Hookup
Central VacNo
FireplaceNo
Acreage0.14
Exterior
GarageYes
Approx. Age1970
Basement
DrivewayDoor Single, Driveway, Garage Faces Front, Garage, Paved
Garage Spaces
HeatCentral, Fireplaces
A/C
Heating Fuel

Extras

764 W 18 Th St, Costa Mesa, CA

Similar Listings

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment

Get notified of price or status changes by saving this listing