Sold

118 Magnolia Street

Costa Mesa CA, 92627

$1,825,000


$1,049.45 per sqft

Sold

3 Beds

3 Baths

1,739 sqft

Multi-family

Built in 2020

Listed by Chasin Prather with Chasin RE 657-282-1877

Turnkey Eastside Costa Mesa Two Homes on one Lot in Prime Location, walking distance to Triangle Square, 17th Street Restaurants, Grocery Stores, Salons, Newport Beach Schools, and only 1.7 miles to Newport Beach Harbor. This investment opportunity affords the new owner extremely low maintenance, desirable finishes for excellent rental rates, and upgraded mechanical systems. The property has gone through two phases of development. Unit A - the original main house was one bedroom and one bath before adding dual master suites in 2020. It is now 3 bedrooms and 3 walk-in showers which makes the home ideal for room-share or multi-adult households. The kitchen, flooring, bathrooms, windows, have all be replaced/upgraded, including partial siding replacement, and a 2020 roof. This unit currently utilizes the detached two car garage and has shared common area outdoor space. Unit B - 2022 new construction second story one bedroom one bath with full size kitchen, family room and in-unit laundry. This unit is permitted as an Accessory Dwelling Unit with separate address, laundry, storage room, fully paid solar panels, separate electric meter, separate gas meter, and shared water meter. The two units are entirely detached. Both units have all appliances including inside laundry which will convey with the property. See upgrade list for additional details. Property is also listed as Multi-Family MLS# PW22111293

PW22112591

MLS ID

May 25, 2022

Listed

March 23, 2024

Updated

Map

118 Magnolia Street
Costa Mesa CA, 92627

Interior Features

Total Stories

2


Bedrooms

3 Beds


Bathrooms

3 Baths


Interior Features

Main Level Primary, Multiple Primary Suites, Primary Suite


Appliances

Dishwasher, Gas Range, Refrigerator, Tankless Water Heater


Laundry Description

Inside, Laundry Room


Floor Description

Vinyl


Fireplace

Yes


Fireplace Description

None


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central, Forced Air, Heat Pump

Exterior/Building Features

Lot Size

0.09 Acres


Lot Features

Front Yard, Rectangular Lot


Roof

Composition


Sewer

Public Sewer

School Information

School District

Newport Mesa Unified

Other Property Details

Area Name

C5 - East Costa Mesa


Days on Market

1


Garage

Yes


Garage Spaces

2


Parking

Garage


Parking Total

2


View

No


View Description

None


County

Orange


Water Source

Public


Pool

No


Pool Features

None


Zoning

R1


Buyer Agency Compensation

2%

Listing Contact: 657-282-1877 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/23/2024 at 1:41 AM UTC

 

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