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118 Magnolia Street

Costa Mesa, CA 92627
  • $1,750,000
  • STATUS: Active Under Contract
  • ON SITE: 37 Days
  • ID#: PW22112591
Under Contract
UPDATED: 36 min ago
$1,750,000
  • 3
    BEDS
  • 0.09
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,739
    SQFT
  • $1,006
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
2020
County:

School Ratings & Info

School District:
Listing Agent(s): Chasin Prather of Chasin Re (657-282-1877)


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

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-07-03T13:28:59.553. 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 deemed reliable but is not guaranteed accurate by the MLS or Veronica Encinas Team | Coldwell Banker Realty. Licensed in the State of California, USA.
www.encinashomes.com/homes/129209423
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118 Magnolia Street Costa Mesa, CA 92627

  • Price: $1,750,000
  • Status: Active Under Contract
  • On Site: 37 Days
  • Updated: 36 min ago
  • ID#: PW22112591
3
Beds
3
Baths
0
½ Baths
0.09
Acres
1,739
SQFT
$1,006
$/SQFT
2020
Built
Neighborhood:
Other (Othr)
County:
Orange
Area:
C5 - East Costa Mesa
School District:
Newport Mesa Unified
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
Exterior Features

Attached Garage YN No Lot Features Front YardRectangular Lot Other Structures Guest HouseTwo On A Lot Parking Features Garage Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No Roof Composition Spa Features None Spa YN No View None View YN No

Interior Features

Appliances DishwasherGas RangeRefrigeratorTankless Water Heater Common Walls No Common Walls Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Vinyl Heating CentralForced AirHeat Pump Heating YN Yes Interior Features Main Level MasterMultiple Master Suites Main Level Bathrooms 3 Main Level Bedrooms 3

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Suburban Disclosures Accessory Dwelling Unit Electric 220 Volts in Garage Garage YN Yes Land Lease YN No Laundry Features InsideLaundry Room Lease Considered YN No Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional New Construction YN No Property Sub Type Duplex Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Structure Type Duplex Water Source Public Zoning R1



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-07-03T13:28:59.553. 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 deemed reliable but is not guaranteed accurate by the MLS or Veronica Encinas Team | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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Veronica Encinas Team | Coldwell Banker Realty
840 Newport Center Drive, Ste. 100
Newport CA, 92660
Listing Agent(s): Chasin Prather of Chasin Re (657-282-1877)