308 E 18th St Costa Mesa, CA 92627
Downtown Costa Mesa NeighborhoodHighlights
- No HOA
- Mariners Elementary School Rated A
- Laundry Room
About This Home
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 is more than a home; it is a scalable business asset. Whether launching a boutique startup or scaling to a maximum-capacity facility, the bones and location of 308 E 18th St are unmatched for high-income potential. • Capacity & Scale: 3,039 Sq. Ft. of refined living space on 8,500 Sq. Ft. lot.
Significant room for outdoor recreation or potential expansion of resident capacity.
• Accessibility Ready: Professionally installed accessible approach ramp and multiple main-level bedrooms/bathrooms, drastically reducing initial "Speed-to-Market" licensing costs for RCFE operators.
• Modern Executive Aesthetic: Open-concept chef’s kitchen with Thermador appliances and quartz social island; ideal for high-end nutritional programming or private chef services.
• Strategic Location: Prime Eastside pocket with immediate access to 17th St amenities, Mariners Elementary zone, and Hoag Hospital/Newport medical hubs.
• Operators can leverage the massive footprint to scale room count and resident capacity through city-approved reconfigurations.
Listing Agent
Pacific Sotheby's Int'l Realty Brokerage Email: alice@theavantteam.com License #01319910 Listed on: 02/11/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1995
Lot Details
- 8,506 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
- Parking Available
- Combination Of Materials Used In The Driveway
Home Design
- Entry on the 1st floor
Interior Spaces
- 3,039 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- Unit 1 Bathroom: 0
Listing and Financial Details
- Tax Lot 2
- Tax Tract Number 505
- Assessor Parcel Number 11725135
- $1,403 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- Eastside Central Subdivision
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $1
- Fuel Expense $1
- Insurance Expense $1
- Operating Expense $1
- Gross Income $1
- Net Operating Income $1
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $29,297 | $2,703,999 | $2,413,311 | $290,688 |
| 2024 | $29,297 | $2,650,980 | $2,365,991 | $284,989 |
| 2023 | $28,515 | $2,599,000 | $2,319,599 | $279,401 |
| 2022 | $12,922 | $1,122,000 | $856,800 | $265,200 |
| 2021 | $12,564 | $1,100,000 | $840,000 | $260,000 |
| 2020 | $5,993 | $478,772 | $179,184 | $299,588 |
| 2019 | $5,856 | $469,385 | $175,671 | $293,714 |
| 2018 | $5,735 | $460,182 | $172,227 | $287,955 |
| 2017 | $5,644 | $451,159 | $168,850 | $282,309 |
| 2016 | $5,527 | $442,313 | $165,539 | $276,774 |
| 2015 | $5,477 | $435,670 | $163,053 | $272,617 |
| 2014 | $5,360 | $427,136 | $159,859 | $267,277 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/23/2026 03/23/26 | Price Changed | $3,895,000 | -5.0% | $1,282 / Sq Ft | |
| 02/11/2026 02/11/26 | For Sale | $4,100,000 | +57.8% | $1,349 / Sq Ft | |
| 09/26/2022 09/26/22 | Sold | $2,599,000 | -3.7% | $834 / Sq Ft | View Prior Sale |
| 08/29/2022 08/29/22 | Pending | -- | -- | -- | |
| 07/26/2022 07/26/22 | Price Changed | $2,699,000 | -3.6% | $866 / Sq Ft | |
| 07/15/2022 07/15/22 | For Sale | $2,799,000 | +154.5% | $898 / Sq Ft | |
| 09/21/2020 09/21/20 | Sold | $1,100,000 | +10.0% | $353 / Sq Ft | View Prior Sale |
| 08/22/2020 08/22/20 | Pending | -- | -- | -- | |
| 07/27/2020 07/27/20 | For Sale | $1,000,000 | -- | $321 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,599,000 | Fidelity National Title | |
| Grant Deed | $1,100,000 | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Partnership Grant Deed | -- | Gateway Title Company | |
| Quit Claim Deed | -- | -- | |
| Grant Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,079,200 | New Conventional | |
| Previous Owner | $550,000 | Commercial | |
| Previous Owner | $163,100 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC26031727
APN: 117-251-35
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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