CALLING ALL INVESTORS/BUILDERS/DEVELOPERS looking for an exceptional value-add opportunity! Located in the highly sought after Westside of Costa Mesa, 734 West 20th St is one of the only large lots available in this quickly up and coming areas of Costa Mesa that is being sold for land value. At approximately 9,300 square feet this lot is zoned for “R-2 high density” use, which according to the City of Costa Mesa could allow for up to 5 units on the lot. Think a large house and 2 ADUs, or a triplex and 2 ADU’s…the possibilities are extensive given state/city development ordinances currently in place and the opportunity to develop this lot to realize it’s full potential is significant. An owner can occupy a unit and rent others out for cashflow, or an investor can build and sell. There are many in-fill properties in and around this area to reference for ideas and comparables. 2167 Miner St is located nearby and sold for $900k in March of 2023. This property is centrally located to the world class beaches of Newport and Huntington, the fine dining and entertainment of Triangle Square, South Coast Plaza, Fashion Island, Pacific City, and the walking and biking trails at the Newport Back Bay, multiple parks and golf courses, John Wayne Airport, and the 55, 405, PCH and toll roads. The lot currently has a small house (approximately 800 square feet) that is not suitable for occupancy. The property is being sold AS-IS and all personal items will remain. Hypothetical renderings for how the land could be used will be uploaded ASAP and are for visual purposes only.
You are viewing the for at 734 20th with the MLS® OC23132764 on Previewochomes.com. This at 734 20th, . 92627 is located in the Mesa West (MWST) subdivision and is currently for featuring 782 sq.ft. of living space, and listed for sale at $850,000. This for at 734 20th with the MLS® # OC23132764 has been listed since 2023-07-18.
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Based on information from California Regional Multiple Listing Service, Inc. as of May 2nd, 2024 at 1:25am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Property Listed By: Danny Murphy of First Team Real Estate
