764 W 18th ST, Costa Mesa, CA 92627 – OC25064656

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Gatehouse Properties

info@gatehouseproperties.com +1(714) 743-9882

$ 2,080,000

Est. payment | -/mo

6,098 Sqft Lot

Save

$ 2,080,000

Est. payment | -/mo

Save

6,098 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25064656

HOA Y/N No

Year Built 1970

Lot Size 6,098 Sqft

Property Sub-Type Quadruplex

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 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.

Location

State CA

County Orange

Area C2 - Southwest Costa Mesa

Interior

Heating Central, Fireplace(s)

Flooring Laminate, Tile

Fireplaces Type Living Room

Fireplace Yes

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Parking Features Door-Single, Driveway, Garage Faces Front, Garage, Paved

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Storm Drain(s), Street Lights, Suburban, Sidewalks

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Roof Type Spanish Tile

Total Parking Spaces 4

Private Pool No

Building

Lot Description Level, Paved, Rectangular Lot, Street Level

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 42417211

Security Features Fire Detection System,Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Kathleen Tran • Realty One Group West • 714-225-2387

+1(714) 743-9882

info@gatehouseproperties.com

Costa Mesa, CA, 92626, United States

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764 W 18th ST Costa Mesa, CA 92627