118 Magnolia Street
Costa Mesa, CA 92627

  • – beds
  • – baths
  • – sqft
  • 4,028 sqft lot
  • 2020 build
  • on site

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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

California Regional MLS logo Listed By CRMLS_CA / Chasin Prather / Chasin RE

Last checked: Checking… • Last updated Mar 18, 2024 •

MLS# PW22111293 —

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Sale history

Date Event Source Price % Change
10/27/23
Listed / Active CRMLS_CA
10/27/23
Listed / Active CRMLS_CA
8/5/22
CRMLS_CA $1,825,000 4.3%

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Multifamily Sold on 8/5/2022

$1,825,000

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Listing provided by broker:

Chasin Prather

Chasin RE

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California Regional MLS logo Listing Courtesy of: CRMLS_CA and Chasin RE. Based on information from California Regional Multiple Listing Service, Inc. as of 07:45 on Mar 29.

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