Listing Provided Courtesy Of:
Chasin Prather with Chasin RE - 657-282-1877
Address
118 Magnolia Street # A-B, Costa Mesa, CA
Price
$ 1,750,000
Property Attributes
  • MLS#PW22111293
  • TypeContingent
  • CountyORANGE
  • CityCosta Mesa
  • AreaEast Costa Mesa
  • NeighborhoodOther
  • Zip92627
  • StyleCraftsman
  • Price$ 1,750,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage1739
  • Lot Size4,028 SqFt
Listing Provided Courtesy Of:
Chasin Prather with Chasin RE - 657-282-1877
Data Source:
California Regional MLS (CRMLS)
Property Description

Turnkey Eastside Costa Mesa Two Homes on one Lot in Prime Location, walking distance to Triangle Square, 17th Street Restaurants, Grocery Stores, Salons, Newport Beach Schools, and only 1.7 miles to Newport Beach Harbor. This investment opportunity affords the new owner extremely low maintenance, desirable finishes for excellent rental rates, and upgraded mechanical systems. The property has gone through two phases of development. Unit A - the original main house was one bedroom and one bath before adding dual master suites in 2020. It is now 3 bedrooms and 3 walk-in showers which makes the home ideal for room-share or multi-adult households. The kitchen, flooring, bathrooms, windows, have all be replaced/upgraded, including partial siding replacement, and a 2020 roof. This unit currently utilizes the detached two car garage and has shared common area outdoor space. Unit B - 2022 new construction second story one bedroom one bath with full size kitchen, family room and in-unit laundry. This unit is permitted as an Accessory Dwelling Unit with separate address, laundry, storage room, fully paid solar panels, separate electric meter, separate gas meter, and shared water meter. The two units are entirely detached. Both units have all appliances including inside laundry which will convey with the property. See upgrade list for additional details. Property is also listed for sale as #PW22112591

Price History
5/25/2022 Listed $1,750,000

General Features

Appliances Dishwasher, Gas Range, Microwave, Refrigerator, Tankless Water Heater
Architectural Style Craftsman
Community Features Suburban
Cooling Central Air
Electric 220 Volts in Garage
Garage Spaces 2
Garage Y/N Yes
Heating Central, Forced Air
Levels Two
Listing Agent Chasin Prather - BRE#01447886
Listing Agent State License 01447886
Lot Size Square Feet 4028
MLS Area C5 - East Costa Mesa
Pool Features None
Property Type Residential Income
Roof Composition
Senior Community Y/N No
Sewer Public Sewer
Special Listing Conditions Standard
Status Active Under Contract
Stories 2
Subdivision Name Other (OTHR)
Taxes 19425
Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, VA Loan
Total Units 2
Water Sewer Expense 1800
Zoning R1

Interior Features

Air Conditioning Y/N Yes
Common Walls No Common Walls
Fireplace Features None
Heating Y/N Yes
Laundry Features Laundry Room, Stacked

Exterior Features

Lot Features Front Yard, Lawn, Rectangular Lot, Sprinkler System
Lot Size Acres 0.0925
Lot Size Area 4028
Lot Size Source Builder
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 2
Number of Separate Gas Meters 2
Number of Separate Water Meters 1
Parking Features Garage
Total Parking 2
Water Source Public

Room Details

Room Dimensions Level Flooring Details
Family Room

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 92627

Price
AVG $1.17M
$1.75M
Visits
AVG 63
24
Year Built
AVG 1979
2020
Walkscore
AVG 68
90
Data Provided by Walkscore ® not using MLS data

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