Est. cap rate

3.8%

Assumed rent, all units

$10,840/mo

Units

4

Price per unit

$431,250

Est. annual NOI

$65,040

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

2,512 sqft

Lot size

6,120 sqft

Year built

1960

Stories

2

Garage spaces

1

Style

Contemporary

Heating

Wall Furnace

Cooling

None

Pool

None

View

None

Status

Active

Days on market

10

MLS #

245828097

About this property

WESTSIDE COSTA MESA FOUR PLEX | EXCEPTIONAL COASTAL ORANGE COUNTY LOCATION Welcome to 741 W. 18th Street, a well-positioned four-unit property in the highly desirable Westside Costa Mesa community. This approximately 2,512-square-foot multifamily property sits on an approximately 6,120-square-foot lot and features a versatile unit mix of two 2-bedroom/1-bath residences and two 1-bedroom/1-bath residences. Each residence offers its own private outdoor space, creating an appealing living environment for residents while adding to the property's overall desirability. The property also offers convenient parking with a combination of garage and carport spaces. The location is truly one of the property's greatest assets. Situated in the heart of Westside Costa Mesa, residents enjoy close proximity to Triangle Square, Costa Mesa Courtyards, local restaurants, shopping, entertainment and everyday conveniences. The property is also just minutes from the area's renowned beaches, with easy access to Pacific Coast Highway and the coastal communities of Newport Beach and Huntington Beach. Westside Costa Mesa continues to be one of Orange County's most sought-after locations, known for its vibrant atmosphere, coastal lifestyle, excellent dining and entertainment, and convenient access to major employment centers and transportation corridors. With four separate residences, desirable unit sizes, private outdoor areas and an exceptional Costa Mesa location, 741 W. 18th Street presents an attractive opportunity to own a multifamily property in one of coastal Orange County's most established and desirable neighborhoods. Buyer and buyer's agent to independently verify all property characteristics, square footage, zoning, unit configuration, rental information, parking and other property information.

Location

741 W 18th

Costa Mesa, Orange, CA, 92627