268 E 18th Street, Costa Mesa, California 92627, Costa Mesa, - bed, bath
ACTIVE$3,800,000
268 E 18th Street, Costa Mesa, California 92627
1Bed
1Bath
965Sqft
13,008Lot
Year Built
1935
Close
-
List price
$3.8M
Original List price
$3.8M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25033434
Home ConditionTear down
Features
Good View: Neighborhood
ViewNeighborhood
About this home
East side Costa Mesa, Huge 13,000 sqft lot! Build 1 large home or split the lot and build 2 houses or maybe possible a SB9 urban lot split then city planning 2 homes a lot. Contact City with all questions regarding building.
Nearby schools
/10
Woodland Elementary School
Public,•PK-2•0.6mi
8/10
Mariners Elementary School
Public,•PK-6•0.7mi
8/10
Heinz Kaiser Elementary School
Public,•3-6•0.8mi
8/10
Newport Heights Elementary School
Public,•K-6•2.0mi
4/10
Monroe Elementary School
Public,•K-5•6.0mi
7/10
Horace Ensign Intermediate School
Public,•7-8•1.3mi
3/10
Mcfadden Intermediate School
Public,•6-8•5.2mi
7/10
Newport Harbor High School
Public,•9-12•0.9mi
3/10
Century High School
Public,•9-12•7.4mi
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (109 Listings) | |
|---|---|---|---|
| Beds | 1 | 3 | 1% |
| Baths | 1 | 3 | 5% |
| Square foot | 965 | 1,752 | 3% |
| Lot Size | 13,008 | 6,137 | 97% |
| Price | $3.8M | $1.9M | 95% |
| Price per square foot | $3,938 | $1,077.5 | 99% |
| Built year | 1935 | 9810981 | 2% |
| HOA | |||
| Days on market | 259 | 166 | 95% |
Condition Rating
Tear down
The property was built in 1935 and the listing focuses on the lot size and development potential, suggesting the existing structure is not the primary value. The images show an older home, and given the age and the listing description, it's likely the property requires significant work or demolition.
Pros & Cons
Pros
Large Lot Size: The property boasts a significantly large 13,000 sqft lot, offering substantial space for various development opportunities.
Development Potential: The lot presents multiple development possibilities, including building a single large home, splitting the lot for two houses, or exploring SB9 urban lot split options.
Prime Location: Located in Eastside Costa Mesa, a desirable area known for its proximity to amenities and attractions.
View Potential: The property offers neighborhood views, which can be enhanced with strategic development.
High School District: Located within the Newport Mesa Unified School District, which is a desirable school district.
Cons
Small Existing Structure: The current structure is a relatively small 965 sqft, potentially requiring significant renovation or demolition for redevelopment.
Age of Property: Built in 1935, the existing structure may require extensive updates to meet modern building standards and preferences.
High List Price: The list price of $3.8 million is substantial, requiring careful consideration of development costs and potential return on investment.