916 W 18th Street
Costa Mesa, CA 92627
MLS #OC17094833

Income
  • 2units
  • 1,904sq ft
Active Under Contract $850,000
Est. P&I payment: $3246.42/mo
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Description for 916 W 18th Street, Costa Mesa, CA 92627
Great income property opportunity. Upgraded units, featuring 2 bedrooms and 1 bath each and a large lot. Front unit has been remodeled with tile, granite countertops, upgraded cabinets, washer & dryer hookups have been moved to the back patio and garage is attached. Back unit has tile, updated cabinets, interior washer & dryer hookups and a detached garage. The lot is Zoned as an Industrial lot and will give the buyer more options. This property is close to the great Orange Coast winery, shopping, restaurants, entertainment and only a short bike away from the beach. This entire property is benefiting from the significant Light House development, Brick Yard and many others currently under way.
MLS #OC17094833
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My Notes for MLS #OC17094833

General Features

  • Entry Level: 1
  • Number Of Buildings: 1
  • Number Of Units Total: 2
  • Year Built: 1960
  • Year Built Source: Appraiser
  • Elevation Units: Feet
  • Subdivision Name: Other (OTHR)
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2

Exterior Features

  • Fence YN: 1
  • Stories Total: 1
  • Uncovered Spaces: 2
  • Fencing: Chain Link
  • Lot Features: 2-5 Units/Acre
  • Lot Size SqFt: 7,405
  • Lot Size Units: Square Feet
  • View YN: 1
  • View: City Lights
  • Entry Location: Ground Level With Steps
  • Exterior Features: Rain Gutters
  • Garage Spaces: 2
  • Parking Total: 4
  • Pool Features: None
  • Window Features: Double Pane Windows
  • Architectural Style: Traditional
  • Common Walls: 1 Common Wall
  • Property Attached YN: 1

Interior Features

  • Flooring: Tile
  • Interior Features: Granite Counters
  • Levels: One
  • Room Type: All Bedrooms Down
  • Spa Features: None
  • Average 1Bed Area Units: Square Feet
  • Average 2Bed Area: 850
  • Average 2Bed Area Units: Square Feet
  • Average 3Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet

Utility Features

  • Heating YN: 1
  • Heating: Wall Heater
  • Laundry YN: 1
  • Laundry Features: Washer Hookup
  • Utilities: Sewer Connected
  • Water Source: Public
  • Road Frontage Type: City Street
  • Appliances YN: 1
  • Appliances: Gas Range
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Financial Features

  • CapRate: 3.08
  • Insurance Expense: 1,000
  • Price Per SqFt: 446.43
  • Total Expenses: 10,720
  • Water Sewer Expense: 720
  • Tax Area: 15,041
  • Tax Lot: 3
  • Gross Multiplier: 23.44
  • New Taxes Expense: 8,000

Community Features

  • Community Features: Curbs,​Sidewalks

Miscellaneous Features

  • Building Area Total: 1,904
  • Building Area Units: Square Feet
  • Days On Market: 264
  • Exclusions: All furniture and sellers personal items.
  • Lot Size Source: Assessor
  • Special Listing Conditions: Standard
  • Cumulative Days On Market: 1,027
  • Tax Tract Number: 636.04

Location

 
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Directions to 916 W 18th Street, Costa Mesa, CA 92627
Cross Streets: 18th and Monrovia
Listing information for 916 W 18th Street, Costa Mesa, CA 92627 was graciously provided by our friends at the listing brokerage, Keller Williams Realty Irvine and by listing agent DiGonzini Louis DRE# 01502775

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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 01/21/2018 at 6:08am
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