118 Magnolia Street Costa Mesa, CA 92627

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Nestled within the prized Eastside Costa Mesa neighborhood, a mere 1.7 miles from the breathtaking shores of Newport Beach, this prime property presents an exceptional investment opportunity. Boasting an attractive location within walking distance of Triangle Square, 17th Street's delectable restaurants, grocery stores, salons, and esteemed Newport Beach Schools, this dual detached home offering displays a coveted blend of convenience and potential for excellent rental income. The first dwelling, Unit A, began as a one-bedroom, one-bath main house but was thoughtfully expanded in 2020 to include dual master suites, resulting in a spacious 3-bedroom layout with three walk-in showers. This configuration is ideal for room-sharing or accommodating multi-adult households. The home has seen comprehensive updates, including a rejuvenated kitchen, flooring, bathrooms, and windows. Partial siding replacement and a new roof in 2020 further enhancing its appeal. Unit A enjoys the use of the detached two-car garage and shares a common outdoor area. Unit B, on the other hand, is a brand-new construction dwelling completed in 2022. This second-story portion of the property features one bedroom, one bath, a full-size kitchen, a cozy family room, and the convenience of in-unit laundry. This unit is officially permitted as an Accessory Dwelling Unit (ADU) and includes a separate address, laundry facilities, a storage room, fully paid solar panels, a separate electric meter, a separate gas meter, and a shared water meter. Both units are entirely detached, ensuring privacy and autonomy. As a turnkey investment, these homes come fully equipped with all appliances, including in-unit laundry, which will be conveyed with the property. The combination of low maintenance, sought-after finishes, and upgraded mechanical systems positions this offering as an outstanding opportunity for consistent rental income. Both units are tenant occupied and please do not disturb the tenants. Call Artie for all details and showing schedule.