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1822 Pomona, Costa Mesa
$2,200,000
OC26200536 MLS
Exceptional Westside Costa Mesa investment opportunity offering strong existing income, immediate rent-growth potential, and significant long-term development upside. The property currently generates $8,500 per month in gross rental income ($102,000 annually), with a projected stabilized pro forma of approximately $10,000 per month ($120,000 annually) in its existing configuration. The front 2-bedroom, 1-bathroom residence is occupied on a month-to-month basis. The rear ADU is currently leased on a one-year term. The property consists of an existing 2-bedroom, 1-bathroom residence and a newly constructed, freestanding 3-bedroom, 3-bathroom ADU of approximately 1,200 square feet. The ADU features 10-foot ceilings, quartz countertops, stainless steel appliances, recessed LED lighting, in-unit laundry, solar, a private yard, dedicated driveway, and no common walls. Highly attractive R2-HD zoning provides additional future development potential. Preliminary concepts indicate the potential to redevelop the front portion of the property with up to three additional residential units while retaining the existing rear ADU, potentially creating a four-unit income property. Buyer to independently verify allowable density, unit count, development standards, and approval requirements with the City of Costa Mesa. Based on projected future rents, a four-unit configuration could potentially generate approximately $18,000 per month in gross rental income ($216,000 annually) on a pro forma basis. The rear ADU may potentially remain income-producing during redevelopment of the front portion of the property, allowing an owner to continue generating rental income while helping offset carrying and construction costs. Located in desirable Westside Costa Mesa, minutes from the beach, Newport Beach, dining, shopping, bike trails, and surrounding coastal communities. The combination of existing income, R2-HD zoning, and future redevelopment potential makes this a unique opportunity for investors seeking both near-term cash flow and long-term upside.

1822 Pomona, Costa Mesa

Listing courtesy of Listing Agent: Geoffrey Fearns (GFearns@TriPacificLLC.com) from Listing Office: TriPacific Managers Inc.

1822 Pomona, Costa Mesa
$2,200,000
5 Beds ⋅ 4 Baths ⋅ OC26200526 MLS
Rare opportunity in the heart of Westside Costa Mesa featuring two detached residences on one property and multiple options for an owner-user, investor, or future developer. The property includes a charming 2-bedroom, 1-bathroom front house along with a newly constructed, freestanding 3-bedroom, 3-bathroom ADU offering approximately 1,200 square feet of modern living space. The front residence offers flexibility for either continued rental use or future owner occupancy, while the rear ADU is currently occupied under a one-year lease. For buyers seeking additional income, the property provides the opportunity to benefit from two detached residences on one parcel, including a separate, recently constructed rear unit. The front home features a comfortable layout with two spacious bedrooms, one bathroom, an in-unit washer and dryer, and its own private outdoor space. The newly built rear ADU features an open floor plan with 10-foot ceilings, quartz countertops, stainless steel appliances, recessed LED lighting, three bedrooms, three bathrooms, an in-unit stackable washer and dryer, solar, a private yard, and no common walls. Located in highly desirable Westside Costa Mesa, the property is just minutes from the beach and offers easy access to bike trails, restaurants, shopping, cafes, Newport Beach, and everything the surrounding coastal area has to offer. For buyers interested in additional future upside, the property's R2-HD zoning provides meaningful redevelopment potential. Preliminary concepts indicate the potential to replace the existing front residence with up to three additional residential units while retaining the existing rear ADU, potentially creating a four-unit property. Whether you choose to occupy the front home in the future, hold both residences as an investment, or explore redevelopment opportunities, this property offers exceptional flexibility in one of Orange County's most sought-after coastal communities.

1822 Pomona, Costa Mesa

Listing courtesy of Listing Agent: Geoffrey Fearns (GFearns@TriPacificLLC.com) from Listing Office: TriPacific Managers Inc.

741 W 18th, Costa Mesa
$1,725,000
NP26174521 MLS
WESTSIDE COSTA MESA FOUR PLEX | EXCEPTIONAL COASTAL ORANGE COUNTY LOCATION Welcome to 741 W. 18th Street, a well-positioned four-unit property in the highly desirable Westside Costa Mesa community. This approximately 2,512-square-foot multifamily property sits on an approximately 6,120-square-foot lot and features a versatile unit mix of two 2-bedroom/1-bath residences and two 1-bedroom/1-bath residences. Each residence offers its own private outdoor space, creating an appealing living environment for residents while adding to the property's overall desirability. The property also offers convenient parking with a combination of garage and carport spaces. The location is truly one of the property's greatest assets. Situated in the heart of Westside Costa Mesa, residents enjoy close proximity to Triangle Square, Costa Mesa Courtyards, local restaurants, shopping, entertainment and everyday conveniences. The property is also just minutes from the area's renowned beaches, with easy access to Pacific Coast Highway and the coastal communities of Newport Beach and Huntington Beach. Westside Costa Mesa continues to be one of Orange County's most sought-after locations, known for its vibrant atmosphere, coastal lifestyle, excellent dining and entertainment, and convenient access to major employment centers and transportation corridors. With four separate residences, desirable unit sizes, private outdoor areas and an exceptional Costa Mesa location, 741 W. 18th Street presents an attractive opportunity to own a multifamily property in one of coastal Orange County's most established and desirable neighborhoods. Buyer and buyer's agent to independently verify all property characteristics, square footage, zoning, unit configuration, rental information, parking and other property information.

741 W 18th, Costa Mesa

Listing courtesy of Listing Agent: Brian Fox (bfox@foxgrouprealestate.com) from Listing Office: Keller Williams Legacy.

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