268 E 18th Street, Costa Mesa, California 92627, Costa Mesa, 92627 - 1 bed, 1 bath
ACTIVE$3,800,000
268 E 18th Street, Costa Mesa, California 92627
1Bed
1Bath
965Sqft
13,008Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13008, living area = 965.
Top Cons:
Outdated Existing Structure: The 1935-built, 965 sqft, 1-bedroom, 1-bathroom home is likely functionally obsolete and would require extensive renovation or demolition, adding significant cost to any project.
Compared to the nearby listings
Price:$3.80M vs avg $1.75M (+$2,050,000)95%
Size:965 sqft vs avg 1,749 sqft3%
Price/sqft:$3.9K vs avg $1.0K99%
More Insights
Built in 1935 (90 years old).
Condition: The property was built in 1935, making it 89 years old. The listing description and AI-generated analysis explicitly state that the existing 1 bed, 1 bath, 965 sqft structure is 'likely functionally obsolete' and would require 'extensive renovation or demolition.' The focus of the listing is entirely on the large 13,000 sqft lot's development potential, not the existing home. The complete absence of interior images, especially of the kitchen and bathroom, strongly indicates that the current structure is not considered habitable or worth showcasing, aligning perfectly with the criteria for a 'tear-down' where the value is solely in the land.
Year Built
1935
Close
-
List price
$3.8M
Original List price
$3.8M
Price/Sqft
$3,938
HOA
-
Days on market
-
Sold On
-
MLS number
OC25033434
Home ConditionTear down
Features
ViewNeighborhood
About this home
East side Costa Mesa, Huge 13,000 sqft lot! Build 1 large home or split the lot and build 2 houses or maybe possible a SB9 urban lot split then city planning 2 homes a lot. Contact City with all questions regarding building.
Nearby schools
/10
Woodland Elementary School
Public,•PK-2•0.6mi
8/10
Mariners Elementary School
Public,•PK-6•0.7mi
8/10
Heinz Kaiser Elementary School
Public,•3-6•0.8mi
8/10
Newport Heights Elementary School
Public,•K-6•2.0mi
4/10
Monroe Elementary School
Public,•K-5•6.0mi
7/10
Horace Ensign Intermediate School
Public,•7-8•1.3mi
3/10
Mcfadden Intermediate School
Public,•6-8•5.2mi
7/10
Newport Harbor High School
Public,•9-12•0.9mi
3/10
Century High School
Public,•9-12•7.4mi
Condition Rating
Tear down
The property was built in 1935, making it 89 years old. The listing description and AI-generated analysis explicitly state that the existing 1 bed, 1 bath, 965 sqft structure is 'likely functionally obsolete' and would require 'extensive renovation or demolition.' The focus of the listing is entirely on the large 13,000 sqft lot's development potential, not the existing home. The complete absence of interior images, especially of the kitchen and bathroom, strongly indicates that the current structure is not considered habitable or worth showcasing, aligning perfectly with the criteria for a 'tear-down' where the value is solely in the land.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13008, living area = 965.
Significant Development Potential: The expansive 13,000 sqft lot offers exceptional opportunities for building a large custom home, splitting into two separate parcels, or utilizing SB9 for multiple units, maximizing land value.
Prime Eastside Costa Mesa Location: Situated in the highly sought-after Eastside Costa Mesa area, known for its desirable lifestyle, amenities, and strong property values.
Oversized Lot: A rare 13,000 sqft lot provides ample space for ambitious development projects or creating a substantial private estate.
Excellent School District Access: Proximity to top-rated schools like Mariners Elementary (8/10) and Newport Harbor High School (7/10) enhances appeal for families.
High Investment Value: Primarily a land play, this property offers substantial upside for investors or developers looking to capitalize on the demand for new construction in a premium location.
Cons
Outdated Existing Structure: The 1935-built, 965 sqft, 1-bedroom, 1-bathroom home is likely functionally obsolete and would require extensive renovation or demolition, adding significant cost to any project.
High Price Point for Land Value: The $3.8 million list price reflects primarily land value and development potential, making it inaccessible for buyers seeking a move-in ready home and targeting a niche developer/investor market.
Development Due Diligence Required: The listing explicitly states 'Contact City with all questions regarding building,' indicating that development options require extensive buyer due diligence, city approvals, and potential complexities.