764 W 18th Street
Costa Mesa, CA, 92627
$2,080,000
Beds
0 Baths
SqFt
0.14 Acres
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Don&#39'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 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&#39's strong rental market and the property&#39's proven track record of occupancy, this triplex represents a great investment with significant income potential. Whether you&#39're a seasoned investor or exploring your first multi-family property, this offering aligns with strategic investment goals. Don&#39't miss out on this rare chance to acquire a high-performing asset in one of Costa Mesa&#39's sought-after communities.

Property Details

Price:
$2,080,000
MLS #:
OC25064656
Status:
Active
Baths:
0
Address:
764 W 18th Street
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
c2southwestcostamesa
City:
Costa Mesa
Listed Date:
Mar 29, 2025
State:
CA
ZIP:
92627
Lot Size:
6,098 sqft / 0.14 acres (approx)
Year Built:
1970
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Schools

Interior

Fireplace Features
Living Room
Flooring
Laminate, Tile
Heating
Central, Fireplace(s)
Window Features
Blinds, Drapes

Exterior

Community Features
Sidewalks, Storm Drains, Street Lights, Suburban
Electric
Electricity – On Property, Standard
Foundation Details
Slab
Garage Spaces
4.00
Lot Features
Level with Street, Rectangular Lot, Level, Paved
Parking Features
Driveway, Paved, Garage Faces Front, Garage – Single Door
Parking Spots
4.00
Pool Features
None
Roof
Spanish Tile
Security Features
Fire and Smoke Detection System
Sewer
Public Sewer
Spa Features
None
Stories Total
2
Water Source
Public

Financial

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

Map

Community

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764 W 18th Street
Costa Mesa, CA