118 Magnolia Street, Costa Mesa, CA 92627
Duplex · 4 recorded sales since 2016
Sold August 2022
Listing Agent: Chasin Prather (DRE #01447886) · Listing Office: Chasin RE · Contact: 657-282-1877 · Bought with: Laura Spencer · T.N.G. Real Estate Consultants · MLS #PW22112591 · Source: CRMLS
About this duplex
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
Listing description from the August 2022 sale, as reported to CRMLS.
Sale history
