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Off market
  • Listing Provided by: 
    $2,055,400

    764 W 18th St, Costa Mesa, CA 92627

    --beds
    --baths
    4,131sqft
    Quadruplex
    Built in 1970
    -- sqft lot
    $2,055,400 Zestimate®
    $498/sqft
    $5,489 Estimated rent

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: August 06, 2025 at 05:36am

    Source: CRMLS,MLS#: OC25064656MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Heating
    • Central, Fireplace(s)
    Appliances
    • Laundry: Washer Hookup, Gas Dryer Hookup
    Features
    • Flooring: Laminate, Tile
    • Doors: Sliding Doors
    • Windows: Blinds, Drapes
    • Has fireplace: Yes
    • Fireplace features: Living Room
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 4,131
    • Total interior livable area: 4,131 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Door-Single, Driveway, Garage Faces Front, Garage, Paved
    • Garage spaces: 4
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: Front
    • Pool features: None
    • Spa features: None
    Lot
    • Size: 6,098 sqft
    • Features: Level, Paved, Rectangular Lot, Street Level
    Details
    • Parcel number: 42417211
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Drywall, Stucco
    • Foundation: Slab
    • Roof: Spanish Tile
    Condition
    • New construction: No
    • Year built: 1970

    Utilities & green energy

    • Electric: Electricity - On Property, Standard
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

    Community & neighborhood

    Security
    • Security features: Fire Detection System, Smoke Detector(s)
    Community
    • Community features: Storm Drain(s), Street Lights, Suburban, Sidewalks
    Location
    • Region: Costa Mesa
    • Subdivision: Other

    Other

    Other facts
    • Listing terms: Cash,Conventional
    • Road surface type: Paved
    Services availability
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    Estimated market value

    $2,055,400