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
Visits
Year Built
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of July 2, 2022 6:51 PM UTC 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.
