$950,000
$850,000
11.8%For more information regarding the value of a property, please contact us for a free consultation.
734 20th Costa Mesa, CA 92627
1 Bed
1 Bath
9,300 Sqft Lot
Key Details
Sold Price $950,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Subdivision Mesa West (Mwst)
MLS Listing ID OC23132764
Sold Date 08/18/23
Bedrooms 1
Full Baths 1
Construction Status Fixer
HOA Y/N No
Year Built 1949
Lot Size 9,300 Sqft
Property Description
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.
Location
State CA
County Orange
Area C2 - Southwest Costa Mesa
Rooms
Main Level Bedrooms 1
Ensuite Laundry None
Interior
Interior Features All Bedrooms Down
Laundry Location None
Heating None
Cooling None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Garage Driveway, Garage
Garage Spaces 1.0
Garage Description 1.0
Fence Block, Wood
Pool None
Community Features Storm Drain(s), Street Lights, Park
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected
View Y/N Yes
View Neighborhood
Roof Type Shingle
Parking Type Driveway, Garage
Attached Garage No
Total Parking Spaces 1
Private Pool No
Building
Lot Description No Landscaping, Near Park, Rectangular Lot, Street Level
Story 1
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Construction Status Fixer
Schools
Elementary Schools Pomona
Middle Schools Tewinkle
High Schools Estancia
School District Newport Mesa Unified
Others
Senior Community No
Tax ID 42225222
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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Bought with Danny Murphy • First Team Real Estate