Costa Mesa, CA 92627,145 E 18th ST

$7,200,000

$7,825,000

8.0%
Est.Price: ?

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Est. payment /mo

0.66 Acres Lot


SOLD DATE : 02/28/2019

Key Details

Sold Price $7,200,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Eastside Central (Eccm)

MLS Listing ID OC18259055

Sold Date 02/28/19

HOA Y/N No

Year Built 1959

Lot Size 0.660 Acres

Acres 0.66

Property Description

The community located at 145 E. 18th St. has a distinctive overall unit mix and attractive mid-century architecture. There are (5) one-bed, one-bath units featuring spacious walk-in closets and exceptionally large private balconies;(6) two-bed, one-bath units; (7) large two-bed, 1.5 bath townhouses which have fireplaces, floor-to-ceiling windows, spiral staircases, and huge enclosed yards. These units encircle the pool. There is one legal studio located at the rear of the property which has the largest yard of all units.
Tenants pay their own electricity bills while the owner pays water/sewer, trash, and gas for each unit. There is a community laundry facility. Each townhouse has its own separate hot water heater, and two central water heaters service the balance of the units. There are 19 covered parking spaces with three additional open spaces on site. The building is cantilevered over a portion of the carport so that two cars parked tandem can be fully "covered" in a number of carports. The property has a large motor court for easy ingress and egress.
See 2677 Orange Ave, CM (7-TH units) and 181-183 Santa Isabel CM for a rare total Eastside Portfolio of 33 units. Call Listing Broker for separate Marketing Flyers and or an Eastside Costa Mesa Portfolio - Offering Memorandum.

Location

State CA

County Orange

Area C5 - East Costa Mesa

Zoning R3

Rooms

Ensuite Laundry Common Area

Interior

Interior Features Balcony, Ceramic Counters, High Ceilings, Open Floorplan, Two Story Ceilings, Unfurnished, Walk-In Closet(s)

Laundry Location Common Area

Heating Central, Forced Air, Natural Gas, Wall Furnace

Cooling None

Flooring Carpet, Laminate, Vinyl

Fireplaces Type Living Room

Fireplace Yes

Appliance Built-In Range, Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Range, Gas Water Heater, Water Heater

Laundry Common Area

Exterior

Garage Attached Carport, Assigned, Detached Carport

Carport Spaces 19

Pool Community, Fenced

Community Features Suburban, Sidewalks, Urban, Pool

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Parking Type Attached Carport, Assigned, Detached Carport

Total Parking Spaces 22

Private Pool No

Building

Lot Description Back Yard, Landscaped, Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Mid-Century Modern

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 42544311

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash to Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Steven Brombal • Kidder Mathews of California
Bought with Daniel Blackwell • CB Richard Ellis, Inc.
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