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29694671
29694714

308 E 18th Street, Costa Mesa, CA 92627

AS
CA 01319910, CA 01319910
Pacific Sotheby's International Realty
Listed by Pacific Sotheby's International Realty
$4,100,000
113 days on market
Updated 70 days ago

308 E 18th Street

Details
APN 11725135
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,039
Units 1
Beds 4
Price per SqFt $1,349
Broker Co-Op Yes
Class A
Year Built 1995
Year Renovated 2021
Buildings 1
Stories 2
Acreage 0.195
Zoning Assessor
Parking Spaces 8 spaces
Parking Per SqFt 2.63
Investment Type Value Add
Occupancy Date 02/11/2026
Sale Condition 1031 exchange

Multifamily | 1 Unit

Marketing description

Unlock an extraordinary high-yield investment in the heart of Eastside Costa Mesa. Positioned within a rare zoning niche that favors Institutional and Recreational use, this property offers a "blue ocean" opportunity for operators of luxury Residential Assisted Living or "Senior Live-in-Place" facilities. This is a rare chance to secure a strategic asset in a market where demand for high-end, modern care significantly outstrips supply. The estate is already equipped with built-in ramps and a layout optimized for mobility, drastically reducing the "speed to market" for licensing and initial setup. With over 3,000 square feet of interior space and an oversized 8,500+ sq. ft. lot, the property is a canvas for growth. Operators can leverage the massive footprint to scale room count and resident capacity through city-approved reconfigurations. Luxury Standards for High-Tier Pay To command the highest monthly "in-home pay" rates in Orange County, a facility must project prestige. This property delivers a "turn-key" luxury experience: A reimagined kitchen featuring Thermador appliances, sleek quartz surfaces, and a massive social island, perfect for professional nutritional programming and high-end meal service. Fresh, wide-plank flooring, high-end fixtures, and contemporary linear fireplaces move away from the traditional care, creating a warm, resort-style atmosphere. The expansive second-story suite, featuring a steam shower and soaking tub, offers a private retreat for an on-site owner/operator or can serve as a VIP resident suite. Located just minutes from the Newport Back Ba

Investment highlights

Prime Coastal Connectivity

Located just minutes from the Newport Back Bay and the elite medical and shopping corridors of 17th Street, your business will be at the epicenter of the most affluent demographic in the region.

Luxury Standards for High-Tier Pay

To command the highest monthly "in-home pay" rates in Orange County, a facility must project prestige. This property delivers a "turn-key" luxury experience:

  • Designer Culinary Hub: A reimagined kitchen featuring Thermador appliances, sleek quartz surfaces, and a massive social island—perfect for professional nutritional programming and high-end meal service.

  • Modern Coastal Aesthetic: Fresh, wide-plank flooring, high-end fixtures, and contemporary linear fireplaces move away from the "clinical" feel of traditional care, creating a warm, resort-style atmosphere.

The Operator’s Scaling Advantage

  • Proven Infrastructure: The estate is already equipped with built-in ramps and a layout optimized for mobility, drastically reducing the "speed to market" for licensing and initial setup.

  • Massive Value-Add Potential: With over 3,000 square feet of interior space and an oversized 8,500+ sq. ft. lot, the property is a canvas for growth. Operators can leverage the massive footprint to scale room count and resident capacity through city-approved reconfigurations.

  • Institutional Zoning Utility: Benefit from the unique zoning compatibility, providing a streamlined path for business operators to establish a specialized facility in a high-barrier-to-entry residential enclave.

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Listing Contacts

AS
CA 01319910, CA 01319910
Pacific Sotheby's International Realty
Listed by Pacific Sotheby's International Realty

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Additional Information

Name
Alice Schroeder
License
01319910
Brokerage
Pacific Sotheby's International Realty
Title
CRE Broker
Brokerage Address
1200 Newport Center Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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