741 W 18th, Costa Mesa, California 92627, Costa Mesa, 92627 - 0 bed, 0 bath
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741 W 18th
Costa Mesa, California 92627
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,512Sq Ft
6,120Lot Size
Property Price
LIST PRICE$1,725,000
EST. MARKET VALUE
$1,689,353
SUMMARY
This Westside Costa Mesa four-plex presents a High-Potential Investment Opportunity with a List Price of $1,725,000—positioned slightly above the $1,689,353 Fair Market Value. While the property requires capital for modernization due to its Fair Condition Rating, the unit mix of two 2-bedroom and two 1-bedroom residences offers strong rental demand. Featuring private outdoor spaces and garage/carport parking, this asset is well-positioned for Buy-and-Hold Investors or Value-Add Developers seeking to capitalize on the coastal Orange County rental market.
Estimated Market Value
$1,689,353
Based on Realkey algorithm analyzing recent comparable sales in Costa Mesa.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 741 W 18th Subject | $1,725,000* List Price | 0 | 0 | 2,512 | $673 | - |
A 685 Center St. Sold | $1,512,500 | 0 | 0 | 2,874 | $526 | 0.2 mi |
B 735 W 18th Active | $1,850,000 List Price | 0 | 0 | 2,512 | $736 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1960, this property is over 60 years old and shows signs of dated 'rental-grade' renovations. The kitchen features older painted cabinetry and basic tile flooring, while the bathroom utilizes a standard vanity and older shower surround. While functional and move-in ready for tenants, the finishes appear to be 15-25 years old, and the listing lacks mention of recent major system (HVAC/Electric) upgrades, placing it firmly in the Fair category.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Hyer Elementary School (10/10). High School: Highland Park High School (9/10).
- Prime Coastal Location
Situated in the high-demand Westside Costa Mesa area, the property offers excellent proximity to Triangle Square, local beaches, and major transportation corridors, ensuring consistently strong rental demand.
- Desirable Unit Amenities
Each of the four residences features its own private outdoor space, a rare and highly sought-after feature in multifamily housing that significantly enhances tenant satisfaction and rental value.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1960, the property may require significant capital investment for modernizing systems or addressing deferred maintenance typical of older multifamily assets.
- Lower-Rated Local Schools
The immediate elementary schools, such as Whittier and Pomona, have lower performance ratings, which could limit the property's appeal to long-term family tenants.
About 741 W 18th
WESTSIDE COSTA MESA FOUR PLEX | EXCEPTIONAL COASTAL ORANGE COUNTY LOCATION Welcome to 741 W. 18th Street, a well-positioned four-unit property in the highly desirable Westside Costa Mesa community. This approximately 2,512-square-foot multifamily property sits on an approximately 6,120-square-foot lot and features a versatile unit mix of two 2-bedroom/1-bath residences and two 1-bedroom/1-bath residences. Each residence offers its own private outdoor space, creating an appealing living environment for residents while adding to the property's overall desirability. The property also offers convenient parking with a combination of garage and carport spaces. The location is truly one of the property's greatest assets. Situated in the heart of Westside Costa Mesa, residents enjoy close proximity to Triangle Square, Costa Mesa Courtyards, local restaurants, shopping, entertainment and everyday conveniences. The property is also just minutes from the area's renowned beaches, with easy access to Pacific Coast Highway and the coastal communities of Newport Beach and Huntington Beach. Westside Costa Mesa continues to be one of Orange County's most sought-after locations, known for its vibrant atmosphere, coastal lifestyle, excellent dining and entertainment, and convenient access to major employment centers and transportation corridors. With four separate residences, desirable unit sizes, private outdoor areas and an exceptional Costa Mesa location, 741 W. 18th Street presents an attractive opportunity to own a multifamily property in one of coastal Orange County's most established and desirable neighborhoods. Buyer and buyer's agent to independently verify all property characteristics, square footage, zoning, unit configuration, rental information, parking and other property information.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1960
- Lot Size
- 6,120 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Costa Mesa Unified Schools
Whittier Elementary School
Grades PK-6 • 0.6 mi
4/10
Pomona Elementary School
Grades PK-6 • 0.7 mi
4/10
Everett A. Rea Elementary School
Grades PK-6 • 0.8 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.1 |
| Baths | 0.0 | 3.3 |
| Square foot | 2,512 | 2,378.222 |
| Lot Size | 6,120 | 7,156.444 |
| Price | $1.73M | $2.04M |
| Price per sq ft | $687 | $780 |
| Built year | 1960 | 1962 |
| HOA | $0 | $0 |
| Days on market | 29 | 65 |
Pricing History
Listed for Sale
Aug 11, 2026
$1,725,000
Initial Listing