308 E 18th Street, Costa Mesa, California 92627, Costa Mesa, 92627 - 0 bed, 0 bath
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Costa Mesa, California 92627
This Strategic Institutional Acquisition is listed at $4,100,000, representing a stable acquisition closely aligned with its $4,001,301 Fair Market Value. Boasting an Excellent Condition Rating, the property features a Thermador Chef’s Kitchen, professional Accessibility Infrastructure, and a private Patio. The rare Institutional Zoning and 8,506 Sq. Ft. Lot provide a significant "speed-to-market" advantage for care facility licensing. Located in the Newport Mesa Unified district near top-rated Mariners Elementary, this is a premier acquisition for RCFE Operators or Boutique Business Owners seeking a scalable, high-income residential asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 308 E 18th Street Subject | $3,895,000* List Price | 0 | 0 | 3,039 | $1,308 | - |
A 412 Magnolia Street Sold | $4,000,000 | 4 | 4 | 2,909 | $1,375 | 0.3 mi |
B 469 Lenwood Circle Sold | $3,050,000 | 4 | 3 | 2,721 | $1,121 | 0.6 mi |
C 224 Flower Street Sold | $4,190,000 | 4 | 4 | 3,278 | $1,278 | 0.3 mi |
D 275 Walnut Sold | $4,300,000 | 5 | 5 | 3,271 | $1,315 | 0.4 mi |
E 418 Broadway Sold | $3,615,000 | 4 | 3 | 2,316 | $1,561 | 0.3 mi |
F 2042 Aliso Avenue W Sold | $3,795,000 | 4 | 3 | 2,306 | $1,646 | 0.7 mi |
G 450 Cabrillo Active | $3,895,000 List Price | 4 | 4 | 3,409 | $1,143 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone an extensive recent renovation to achieve a modern executive aesthetic. It features a high-end chef's kitchen with premium Thermador appliances and a quartz social island, along with updated flooring and professional accessibility modifications. While originally built in 1995, the quality of the recent upgrades and the lack of deferred maintenance align with the criteria for excellent condition.
The property occupies a rare zoning niche for Institutional and Recreational Use, making it a turnkey, high-yield asset for RCFE operators or boutique business startups.
Equipped with a professionally installed accessible ramp and multiple main-level bedrooms/bathrooms, the home offers a significant 'speed-to-market' advantage for care facility licensing.
Situated in a highly desirable pocket near 17th Street amenities and Hoag Hospital, the property combines a 3,039 sq. ft. modern executive interior with a large 8,500 sq. ft. lot.
The $4.1M list price reflects a massive premium compared to its $2.599M sale in 2022, which may be difficult to justify for buyers not utilizing the specialized business zoning.
The modifications and layout optimized for high-capacity resident use may limit the property's appeal to traditional single-family residential buyers.
Unlock an extraordinary high-yield investment in the heart of Eastside Costa Mesa. Positioned within a rare zoning niche that favors Institutional and Recreational Use. This is more than a home; it is a scalable business asset. Whether launching a boutique startup or scaling to a maximum-capacity facility, the bones and location of 308 E 18th St are unmatched for high-income potential. • Capacity & Scale: 3,039 Sq. Ft. of refined living space on 8,500 Sq. Ft. lot. Significant room for outdoor recreation or potential expansion of resident capacity. • Accessibility Ready: Professionally installed accessible approach ramp and multiple main-level bedrooms/bathrooms, drastically reducing initial "Speed-to-Market" licensing costs for RCFE operators. • Modern Executive Aesthetic: Open-concept chef’s kitchen with Thermador appliances and quartz social island; ideal for high-end nutritional programming or private chef services. • Strategic Location: Prime Eastside pocket with immediate access to 17th St amenities, Mariners Elementary zone, and Hoag Hospital/Newport medical hubs. • Operators can leverage the massive footprint to scale room count and resident capacity through city-approved reconfigurations.
No exterior & parking available.
Grades PK-6 • 0.6 mi
Grades PK-2 • 0.6 mi
Grades 3-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 2% |
| Baths | 0.0 | 3.0 | 2% |
| Square foot | 3,039 | 1,752.5 | 89% |
| Lot Size | 8,506 | 6,904.5 | 93% |
| Price | $3.90M | $1.65M | 92% |
| Price per sq ft | $1.3K | $1.1K | 80% |
| Built year | 1995 | 1956 | 77% |
| HOA | $0 | $0 | 50% |
| Days on market | 70 | 163 | 16% |
Mar 25, 2026
$3,895,000
$4,100,000
-5% Price Drop
Initial Listing
Feb 11, 2026
$4,100,000
Initial Listing
Sep 26, 2022
$2,599,000
Public Record
Sep 21, 2020
$1,100,000
Public Record