Primary on Main
Listing Provided Courtesy Of:
Chasin Prather with Chasin RE - 657-282-1877
Address
118 Magnolia Street, Costa Mesa, CA
Price
$ 1,750,000
Property Attributes
  • MLS#PW22112591
  • TypeContingent
  • CountyORANGE
  • CityCosta Mesa
  • AreaEast Costa Mesa
  • NeighborhoodOther
  • Zip92627
  • StyleDuplex
  • Price$ 1,750,000
  • Bedrooms3
  • Full Bathrooms3
  • 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 as Multi-Family MLS# PW22111293

Price History
5/26/2022 Listed $1,750,000

General Features

Appliances Dishwasher, Gas Range, Refrigerator, Tankless Water Heater
Community Features Suburban
Cooling Central Air
Electric 220 Volts in Garage
Garage Spaces 2
Garage Y/N Yes
Heating Central, Forced Air, Heat Pump
High School District Newport Mesa Unified
Interior Features Main Level Master, Multiple Master Suites
Levels Two
Listing Agent Chasin Prather - BRE#01447886
Listing Agent State License 01447886
Lot Size Square Feet 4028
MLS Area C5 - East Costa Mesa
Other Structures Guest House, Two On A Lot
Pool Features None
Property Sub Type Additional Duplex
Property SubType Duplex
Property Type Residential
Roof Composition
Senior Community Y/N No
Sewer Public Sewer
Spa Features None
Special Listing Conditions Standard
Status Active Under Contract
Stories 2
Structure Type Duplex
Subdivision Name Other (OTHR)
Terms Cash, Conventional
Total Units 2
View None
Zoning R1

Interior Features

Air Conditioning Y/N Yes
Common Walls No Common Walls
Fireplace Features None
Flooring Vinyl
Full Baths 3
Heating Y/N Yes
Laundry Features Inside, Laundry Room
Living Area 1739
Main Level Bathrooms 3
Main Level Bedrooms 3
Total Baths 3
Total Bedrooms 3

Exterior Features

Lot Features Front Yard, Rectangular Lot
Lot Size Acres 0.0925
Lot Size Area 4028
Lot Size Source Assessor
Lot Size Units Square Feet
Parking Features Garage
Total Parking 2
Water Source Public

Room Details

Room Dimensions Level Flooring Details
Family Room
Kitchen
Master Bedroom
Master Bedroom
Master Bedroom

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
8
Year Built
AVG 1979
2020
Walkscore
AVG 68
90
Data Provided by Walkscore ® not using MLS data

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