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132 E 18th St - 18th St Triplex

3 Unit Apartment Building Offered at $2,839,364 CAD at a 3.03% Cap Rate in Costa Mesa, CA 92627

Investment Highlights

  • Premium Location
  • Pickleball Court
  • Development Potential
  • ADU Potential

Executive Summary

Great location with tons of opportunity! You can enjoy the current income, move into one of the units and use the income to help with your monthly payment, build more units, build your dream home - plenty of options.
The property has been well maintained with strong operational history, and in this location is always very easy to rent.

Financial Summary (Actual - 2024) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $2,839,364 CAD
Price Per Unit $946,455 CAD
Sale Type Investment
Cap Rate 3.03%
Gross Rent Multiplier 20.78
No. Units 3
Property Type Multifamily
Lot Size 0.15 AC
Building Size 2,020 SF
Average Occupancy 100%
No. Stories 1
Year Built 1950
Walk Score ®
Walker's Paradise (93)
Bike Score ®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
425-451-41
Land Assessment
$1,105,139 CAD
Improvements Assessment
$146,104 CAD
Total Assessment
$1,251,243 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024

zoning

Zoning Code R2-HD
R2-HD
  • Listing ID: 34217417

  • Date on Market: 2024-12-16

  • Last Updated:

  • Address: 132 E 18th St, Costa Mesa, CA 92627

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