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$ 4,100,000
Est. payment /mo
Active
308 E 18th Street Costa Mesa, CA 92627
4 Beds
8,506 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Eastside Central (Eccm)
MLS Listing ID OC26031727
Bedrooms 4
Lot Size 8,506 Sqft
Property Sub-Type Res Income 2-4 Units
Property 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
Location
State CA
County Orange
Zoning Assessor
Direction 18th x Santa ana
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 11725135
Acceptable Financing Conventional
Listing Terms Conventional
Virtual Tour https://www.308e18th.com/
Listed by Alice Schroeder, DRE#01319910 Pacific Sotheby's Int'l Realty