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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.

Overview

Property Status
Sold
Lot Size
9,300 Sq.Ft.
MLS ID
OC23132764
Property Type
Residential
Year Built
1949

Features & Amenities

Neighborhood
Orange County
View Description
Neighborhood
Stories
1
Garage Spaces
1.0
Water Source
Public
Utilites
Electricity Connected, Natural Gas Connected, Sewer Connected
Pool
None
Roof
Shingle
Lot Features
No Landscaping, Near Park, Rectangular Lot, Street Level
Parking
Driveway, Garage
Heat Type
None
Air Conditioning
None
Sewer
Public Sewer
Substructure
Slab
Elementary School
Pomona
Middle School
Tewinkle
High School
Estancia
School District
Newport Mesa Unified
Sales Price
$950,000

Downloads

734 20th

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for your interest in 734 20th, Costa Mesa, CA 92627

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