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755 W 18th St, Costa Mesa, CA 92627
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755 W 18th St Costa Mesa, CA 92627

$15,685,000 Sold Price as of 12/15/2021
  • 72 Beds
  • 36 Baths
  • 35,874 Sq.Ft.
Sold
$15,685,000 Sold Price as of 12/15/2021 Refinance Your Mortgage
Map preview of 755 W 18th St, Costa Mesa, CA 92627

Property Overview: 755 W 18th St Costa Mesa, CA has 72 bedrooms, 36 bathrooms, 35,874 living square feet and 68,825 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Built in 1963, 755 W 18th Street - Villa West Apartments, is a 36-unit apartment building composed of 9 detached buildings with a total square footage of 35,874 and a unit mix of (36) 2 bedroom +1.5 bathroom units. Each unit is 825 Sq. Ft, equating to 29,700 Net Rentable Sq. Ft.Situated on a 1.58 acre lot (68,825 Sqft), the property provides a wide range of amenities including controlled access with gated entry, carport parking with 60 parking spaces, an on-site managers office, on-site laundry facilities, community courtyard, pool, and private patios for tenants.The Villa West Apartments is just one mile away from the Pacific Coast, and located near Orange Coast College, Vanguard University, the OC Fair & Event Center, and South Coast Plaza, which are all major employment and housing drivers for the area. The property is in close proximity to the best shopping, dining, and entertainment that Costa Mesa has to offer. 9 total property APN's included in sale: 424-055-04, 424-055-05, 424-

Listed by David Weinberger | BRE #01349349 | Keller Williams Studio City
Co-listed by Philip Seymour | BRE #00630158 | Keller Williams Studio City
Last checked: 5 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 31

Home details

Lot Sq. Ft
68,825
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21786214
City
Costa Mesa
County
Orange
Time on Site
1093 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 36
  • Total # of Buildings: 9
  • # of Electric Meters: 36
  • # of Gas Meters: 36
Unit Breakdown 1
  • # of Units: 36
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,677
  • Total Rent: $60,360
  • Pro Forma/Market Rent: $2,223
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 20.7
  • Gross Scheduled Income: $735,640
  • Net Operating Income: $436,159
  • Gross Operating Income: $728,284
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 755 W 18th St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Community, Individual Room
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Laminate, Tile
Kitchen Information
  • Has Appliances
  • Refrigerator, Oven, Range
Interior Features
  • Levels: Two
  • Security Features: Automatic Gate, Gated Community, Resident Manager
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • Pool Features: Fenced, In Ground
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 60
  • Has Parking
  • Parking Features: Assigned, Carport, Covered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Courtyard, Pool
  • Total # of Units: 36
  • Parcel Number: UNAVAILABLE
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: Cross Streets - W 18th St & Wallace Ave
View more facts & features

Local Costa Mesa Agent

Sale History for 755 W 18th St

Last sold for $15,685,000 on December 15th, 2021

  • September, 2021

  • Sep 21, 2021

    Date

    Active

    CRMLS: 21786214

    $15,250,000

    Price

Tax History for 755 W 18th St

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

755 W 18th St sold on December 15, 2021 for 1073.08% higher than the current median sold price for the city of Costa Mesa which is $1,300,000. The median sold price per/sqft for Costa Mesa is $801 and this home is sold at $425.1 per/sqft which puts the price per square foot 46.93% lower than the current median sale per square foot for the city of Costa Mesa.

About 755 W 18th St

Detailed summary of property

755 W 18th St is a multi family that recently sold in Costa Mesa, CA 92627. This multi family property offered 72 bedrooms, 36 bathrooms, roughly 35,874 living square feet, and sits on an approximately 68,825 square foot lot. 755 W 18th St was first listed on ArdentRealEstateGroup.com on September 21, 2021. The homeowner sold the property for $15,685,000. Home in Costa Mesa are selling for a median price of $1,300,000 and a median price per square foot of $801. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is sold 1073.08% higher than the current median priced home. While the average home in Costa Mesa, CA is selling in 43 days, 755 W 18th St has a days on market of 31 days. There are currently 148 homes for sale in the Costa Mesa real estate market and 110 of them are single family homes while 21 of them are condos and 17 are townhomes. For more information on this home for sale at 755 W 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 755 W 18th St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

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
$1,420,000
Median List Price/Sq.Ft.
$825
Median Sold Price
$1,070,000
Median Sold Price/Sq.Ft.
$855
Total Inventory
84
Median Sale to List Price %
99.17%
Avg Days on Market
20
Loan Type
Conventional (66.67%), FHA (0%), VA (0%), Cash (5.56%), Other (22.22%)

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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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