308 E 18th St 3,118 SF Health Care Building Offered at $4,100,000 in Costa Mesa, CA 92627

Rare I&R Zoned Asset | 8,500 SF Lot | Optimized for Luxury RCFE Living Conversion
High-Yield Institutional Opportunity in Eastside Costa Mesa, Positioned in the coveted Eastside corridor
Operational Competitive Advantages:
Existing Infrastructure: Unlike typical residential acquisitions, this property features a professionally integrated entry ramp and a wide-open 3,039 SF floor plan. With three bedrooms and an updated bathroom on the main level, the licensing timeline is significantly accelerated. This property is uniquely optimized for a high-end 6 to 12-bed Residential Care Facility (RCFE).
Institutional Scalability: The I&R zoning allows for density and expansion potential far beyond standard R1 parcels. With a 140’ lot depth, there is a potential path for a 2,000+ SF rear wing addition, potentially doubling bed capacity (subject to CUP).
Ultra-Luxury Specification: Extensively reimagined in 2021, the interior features a Thermador-equipped chef’s kitchen, quartz social island, and a spa-caliber primary suite. This "boutique hotel" aesthetic allows operators to command top-tier private-pay rates ($10k–$15k/bed) from day one.
Wellness-Centric Grounds: The oversized lot provides the private outdoor "serenity zones" essential for high-acuity care, featuring a custom pavilion, fire pit, and ample space for a secure, lush garden perimeter.
Strategically located within minutes of Hoag Hospital Newport Beach and the 17th Street medical/wellness hub.
Key Data for Operators:
Zone: I&R (Institutional & Recreational)
Lot Dimensions: ~61’ Frontage x 140’ Depth
This is a rare "speed-to-revenue" play for established operators or institutional investors seeking to secure a flagship location in Orange County’s most restricted care market.