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308 E 18th St 3,118 SF Specialty Building Offered at $5,591,334 CAD in Costa Mesa, CA 92627
Investment Highlights
- opportunistic investor looking for a "value-add"
- Existing 3,100 SQFT structure features luxury "private-pay" finishes; 8,500 SQFT lot provides building footprint for addition/new
- Prime Costa Mesa corridor with proximity to high-net-worth demographics (Newport Beach, Corona Del Mar) and premier medical centers.
Executive Summary
Rare opportunity to acquire a high-end $4.1M asset in the coveted Institutional & Recreational (I&R) zoning district. Unlike standard R1 parcels capped at 6 residents, this 8,500 SQFT lot is entitled for "Large Residential Care" density (7–15 beds). Perfect for a luxury RCFE (Residential Care Facility for the Elderly) operator looking to scale into the 12-bed "Profit Sweet Spot" with projected Net Operating Income (NOI) exceeding $1M annually.
*per city planner, # of beds for the facility, determined whether it would be state-licensed.
*per city planner, # of beds for the facility, determined whether it would be state-licensed.
Property Facts
| Price | $5,591,334 CAD | Building Class | C |
| Price Per SF | $1,793.24 CAD | Lot Size | 0.20 AC |
| Sale Type | Investment or Owner User | Building Size | 3,118 SF |
| Sale Condition | Building in Shell Condition | No. Stories | 2 |
| Property Type | Specialty | Year Built | 1939 |
| Property Subtype | Shelter | ||
| Zoning | IR - Industrial Recreational | ||
| Price | $5,591,334 CAD |
| Price Per SF | $1,793.24 CAD |
| Sale Type | Investment or Owner User |
| Sale Condition | Building in Shell Condition |
| Property Type | Specialty |
| Property Subtype | Shelter |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 3,118 SF |
| No. Stories | 2 |
| Year Built | 1939 |
| Zoning | IR - Industrial Recreational |
Amenities
- Air Conditioning
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Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (79)
Property Taxes
| Parcel Number | 117-251-35 | Improvements Assessment | $396,379 CAD |
| Land Assessment | $3,290,767 CAD | Total Assessment | $3,687,146 CAD |
Property Taxes
Parcel Number
117-251-35
Land Assessment
$3,290,767 CAD
Improvements Assessment
$396,379 CAD
Total Assessment
$3,687,146 CAD
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308 E 18th St
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