Four-Unit Multifamily
741 W 18th, Costa Mesa, CA 92627
For Sale
$1,650,000
The property combines varied residence sizes with private outdoor areas and garage and carport parking.
Property Size2,512 SF
Lot Size0.14 Acres
Price / SF$656.85
Days on Market97
Property Features for 741 W 18th
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Amenities
private outdoor space
Building Details
Building Size
Year Built
Listing Agency:
eXp Realty of Southern Ca, Inc
Listed By:
Brian Fox · License CA #01431326
Source:
Stephanieyounggroup
Added: Aug 11
Changed: Nov 12
Last Checked: Nov 14 at 4:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty of Southern Ca, Inc
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Investment Insights
Based on property information with market context.
This 1960-built multifamily property contains approximately 2,512 square feet on an approximately 6,120-square-foot lot. The unit mix includes two 2-bedroom/1-bath residences and two 1-bedroom/1-bath residences, with each residence providing private outdoor space. Parking is provided through a combination of garage and carport spaces.
The property is located in Westside Costa Mesa at 741 W. 18th Street. Triangle Square, Costa Mesa Courtyards, restaurants, shopping, entertainment, and everyday services are identified nearby. The site also offers access to Pacific Coast Highway and is minutes from area beaches and the coastal communities of Newport Beach and Huntington Beach.
The property is located in Westside Costa Mesa at 741 W. 18th Street. Triangle Square, Costa Mesa Courtyards, restaurants, shopping, entertainment, and everyday services are identified nearby. The site also offers access to Pacific Coast Highway and is minutes from area beaches and the coastal communities of Newport Beach and Huntington Beach.
Key Highlights
- Approximately 2,512 square feet on an approximately 6,120‑square‑foot lot
- Four residences: two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units
- Private outdoor space provided for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,431
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,148,620
$1.1M
Cap Rate 7%
$820,443
$820.4K
Cap Rate 9%
$638,122
$638.1K
Market Conditions
NOI Build-Up for 2,512 SF
Gross rent
$85.9K $34.20/SF
− Vacancy
−$3.9K −$1.54/SF
EGI
$82.0K $32.66/SF
− OpEx
−$24.6K −$9.80/SF
NOI
$57.4K $22.86/SF
Area
Costa Mesa, CA
Vacancy
4.50%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,148,620
Cap Rate 7%
$820,443
Cap Rate 9%
$638,122
Alternative Uses
Best Use
Multifamily LT 5
$820.4K
$717.9K – $957.2K
NOI $57,431 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$761.7K
$666.5K – $888.7K
NOI $53,319 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$850.8K
$744.4K – $992.6K
NOI $59,555 @ 7.0% cap · market cap 3.61%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,639
Businesses Nearby
Explore this area
Business Placement
Demographics for 92627, CA
61,764
Population
23,286
Households
2.7
Avg Household Size
36
Median Age
42%
College-Educated
85%
High-School Grad
6.4 sq mi
ZIP Area
9,651
Density / Sq Mi
$105,039
Median Household Income
$49,236
Median Earnings
$2,299
Median Rent
$1,074,900
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Orange County, CA
Properties on Market for Quadplexes in Orange County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - The property combines varied residence sizes with private outdoor areas and garage and carport parking.
Where is this quadplex located?
The property is located at 741 W 18th Costa Mesa, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Approximately 2,512 square feet on an approximately 6,120‑square‑foot lot; Four residences: two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units; Private outdoor space provided for each residence
