308 E 18th St - Assisted Livings FOR SALE


Costa Mesa, CA 92627- Downtown Costa Mesa
$4,100,000 USD
949-510-1125
308 E 18th St, Costa Mesa, CA for Sale
$4,100,000 USD
Assisted Livings - FOR SALE
1/27
null | Request Cap Rate

NEW


308 E 18th St
Costa Mesa, CA 92627
Downtown Costa Mesa


HIGHLIGHTS

  • Optimized for Luxury RCFE Living Conversion
  • Rare I&R Zoned Asset | 8,500 SF Lot
  • Strategically located within minutes of Hoag Hospital Newport Beach and the 17th Street medical/wellness hub.

OVERVIEW

Rare Institutional Opportunity Positioned in the coveted Eastside corridor, 308 E 18th St is a premier Institutional & Recreational (I&R) zoned asset optimized for high-end conversion. Situated on a rare 8,500 SF lot, this property offers unique scalability far beyond that of a standard residential parcel. Infrastructure: 3,039 SF open floor plan with existing integrated entry ramp and main-level bedroom/bath suites. High potential for a 2,000+ SF rear wing addition to increase bed capacity (subject to CUP). 2021 designer remodel with Thermador appliances; ideally suited for the elite private-pay market. Minutes from Hoag Hospital and 17th St medical hubs. Lot Dimensions: ~61’ Frontage x 140’ Depth

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$1,315 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

IR

APN/PARCEL ID

117-251-35

ASK ABOUT THIS PROPERTY

Alice SchroederPacific Sotheby's International RealtyMore Info
949-510-1125

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Alice SchroederPacific Sotheby's International RealtyMore Info
949-510-1125

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.