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187 E 18Th St, Costa Mesa, CA 92627
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187 E 18Th St Costa Mesa, CA 92627

$16,685,000 Sold Price as of 06/23/2022
  • 54 Beds
  • 39 Baths
  • 26,134 Sq.Ft.
Sold
$16,685,000 Sold Price as of 06/23/2022 Refinance Your Mortgage
Map preview of 187 E 18Th St, Costa Mesa, CA 92627

Property Overview: 187 E 18Th St Costa Mesa, CA has 54 bedrooms, 39 bathrooms, 26,134 living square feet and 36,869 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Bring Offers!! SIGNIFICANT PRICE REDUCTION ! The subject property is a very attractive pride of ownership complex located in the prime Eastside of Costa Mesa. This is a very unique corner location just off Newport Blvd. , in a beautiful residential area adjacent to million dollar plus homes. Walking distance to 17th street shops, cafes, boutiques, and located near the Triangle and Westcliff shopping and entertainment centers. Just a short distance to Newport Beach, Back Bay, Balboa Peninsula, Newport Heights, and Orange Coast College. First time on the market in 23 years. Built in 1986 and not subject to rent control, only AB 1482. Ideal unit mix of sixteen 1+1 (please note unit # 106 1 +1 is a non conforming unit) , three 2+1, four 2+2.5, one 3+2, and seven 3+2.5( with in unit washer/dryers). Each unit is good size and have many amenities including balconies, quartz/granite counter tops, vinyl wood like plank flooring(some units), stainless steel appliances(some units), dishwashers(some units) ,gated parking, a beautiful open courtyard, and much more. Most of the units have been upgraded or remodeled. Laundry on site. 100% occupied. Excellent and immediate upside in rents. Ideal exchange property.

Listed by Karl Duistermars | BRE #00584074 | Karl Duistermars
Last checked: 9 minutes ago | Last updated: June 24th, 2022 | Source CRMLS | DOM: 47

Home details

Lot Sq. Ft
36,869
HOA Dues
$0/mo
Year built
1986
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
22129571
City
Costa Mesa
County
Orange
Time on Site
814 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 31
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,895
  • Total Rent: $5,395
  • Pro Forma/Market Rent: $2,895
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,267
  • Total Rent: $9,868
  • Pro Forma/Market Rent: $9,868
Unit Breakdown 3
  • # of Units: 7
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,877
  • Total Rent: $17,895
  • Pro Forma/Market Rent: $20,141
Unit Breakdown 4
  • # of Units: 16
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,911
  • Total Rent: $30,584
  • Pro Forma/Market Rent: $30,584
Unit Breakdown 5
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,101
  • Total Rent: $6,305
  • Pro Forma/Market Rent: $6,305
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 19.4
  • Gross Scheduled Income: --
  • Net Operating Income: $532,946
  • Gross Operating Income: $883,444
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 187 E 18Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave
Interior Features
  • Ceiling Fan(s)
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 54
  • Has Parking
  • Parking Features: Gated, Garage
Property Information
  • Total # of Units: 31
  • Parcel Number: 42541524
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: Corner of E. 18th St. and Orange Ave., Just off Newport Blvd
View more facts & features

Local Costa Mesa Agent

Sale History for 187 E 18Th St

Last sold for $16,685,000 on June 23rd, 2022

  • June, 2022

  • Jun 23, 2022

    Date

    Sold

    CRMLS: 22129571

    $16,685,000

    Price

  • Feb 20, 2022

    Date

    Active

    CRMLS: 22129571

    $18,690,000

    Price

  • March, 2019

  • Mar 9, 2019

    Date

    Leased

    CRMLS: OC19037535

    $1,800

    Price

  • Mar 8, 2019

    Date

    Pending

    CRMLS: OC19037535

    $1,800

    Price

  • Feb 19, 2019

    Date

    Active

    CRMLS: OC19037535

    $1,800

    Price

  • Listing provided courtesy of CRMLS

    Recently updated apartment with laminate wood flooring throughout. Beautiful Quartz counters in kitchen and bathroom, and stylish "bar-top" in kitchen perfect for entertaining. Stainless Steel Gas Stove, Microwave, and Refrigerator included! This is the only 1-bedroom unit in the building that has 2 ceiling fans, one in dining area and one in the bedroom. Plenty of storage space, along with mirrored closet doors in hallway and bedroom. Large over-sized bedroom with dual closet, and sliding doors to balcony with storage closet. Conveniently located near Westcliff and renowned 17th Street shops, boutiques, restaurants, and The Triangle with its movies, restaurants and entertainment. Just minutes from Newport Heights, Balboa Peninsula and the Back Bay. On-site management that takes pride in providing you with a beautiful home where you can be comfortable and happy. Comes with 1 assigned parking spot in subterranean parking garage. Laundry room onsite.

  • September, 1999

  • Sep 30, 1999

    Date

    Sold (Public Records)

    Public Records

    $3,175,000

    Price

Show More

Tax History for 187 E 18Th St

Assessed Value (2020): $4,296,412
Year Land Value Improved Value Assessed Value
2020 $2,234,134 $2,062,278 $4,296,412

Home Value Compared to the Market

This property vs the competition

187 E 18Th St sold on June 23, 2022 for 1155.47% higher than the current median sold price for the city of Costa Mesa which is $1,370,000. The median sold price per/sqft for Costa Mesa is $783 and this home is sold at $658.15 per/sqft which puts the price per square foot 15.95% lower than the current median sale per square foot for the city of Costa Mesa.

About 187 E 18Th St

Detailed summary of property

187 E 18Th St is a multi family that recently sold in Costa Mesa, CA 92627. This multi family property offered 54 bedrooms, 39 bathrooms, roughly 26,134 living square feet, and sits on an approximately 36,869 square foot lot. 187 E 18Th St was first listed on ArdentRealEstateGroup.com on February 23, 2022. The homeowner sold the property for $16,685,000. Home in Costa Mesa are selling for a median price of $1,370,000 and a median price per square foot of $783. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is sold 1155.47% higher than the current median priced home. While the average home in Costa Mesa, CA is selling in 32 days, 187 E 18Th St has a days on market of 47 days. There are currently 116 homes for sale in the Costa Mesa real estate market and 92 of them are single family homes while 8 of them are condos and 16 are townhomes. For more information on this home for sale at 187 E 18Th St Costa Mesa, CA 92627 contact Ardent Real Estate Group and we will put you in touch with one of our Costa Mesa agents.

Public Facts for 187 E 18Th St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
36,867
Stories
--
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
Orange
Lot#
1
APN
425-415-24

The source for these homes facts are from public records.

92627 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,495,000
Median List Price/Sq.Ft.
$869
Median Sold Price
$1,500,000
Median Sold Price/Sq.Ft.
$788
Total Inventory
66
Median Sale to List Price %
100%
Avg Days on Market
28
Loan Type
Conventional (44.44%), FHA (0%), VA (0%), Cash (38.89%), Other (16.67%)

Thinking of Selling?

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Recently Sold Homes Near 187 E 18Th St

178 E 18th St, Costa Mesa, CA 92627
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163 Magnolia St, Costa Mesa, CA 92627
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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, 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.

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