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