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Investment Highlights
- Optimized for Luxury RCFE Living Conversion
- Strategically located within minutes of Hoag Hospital Newport Beach and the 17th Street medical/wellness hub.
- Rare I&R Zoned Asset | 8,500 SF Lot
Executive Summary
Rare Institutional Opportunity
Positioned in the coveted Eastside corridor, 308 E 18th St is a premier Institutional & Recreational (I&R) zoned asset optimized for high-end conversion.
Situated on a rare 8,500 SF lot, this property offers unique scalability far beyond that of a standard residential parcel.
Infrastructure: 3,039 SF open floor plan with existing integrated entry ramp and main-level bedroom/bath suites.
High potential for a 2,000+ SF rear wing addition to increase bed capacity (subject to CUP).
2021 designer remodel with Thermador appliances; ideally suited for the elite private-pay market.
Minutes from Hoag Hospital and 17th St medical hubs.
Lot Dimensions: ~61’ Frontage x 140’ Depth
Positioned in the coveted Eastside corridor, 308 E 18th St is a premier Institutional & Recreational (I&R) zoned asset optimized for high-end conversion.
Situated on a rare 8,500 SF lot, this property offers unique scalability far beyond that of a standard residential parcel.
Infrastructure: 3,039 SF open floor plan with existing integrated entry ramp and main-level bedroom/bath suites.
High potential for a 2,000+ SF rear wing addition to increase bed capacity (subject to CUP).
2021 designer remodel with Thermador appliances; ideally suited for the elite private-pay market.
Minutes from Hoag Hospital and 17th St medical hubs.
Lot Dimensions: ~61’ Frontage x 140’ Depth
Property Facts
| Price | $4,100,000 | Lot Size | 0.20 AC |
| Price Per Bed | $1,025,000 | Building Size | 3,119 SF |
| Sale Type | Investment or Owner User | No. Beds | 4 |
| Property Type | Health Care | No. Stories | 2 |
| Property Subtype | Assisted Living | Year Built/Renovated | 1995/2021 |
| Building Class | C | Parking Ratio | 2.56/1,000 SF |
| Zoning | IR - Industrial Recreational | ||
| Price | $4,100,000 |
| Price Per Bed | $1,025,000 |
| Sale Type | Investment or Owner User |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 3,119 SF |
| No. Beds | 4 |
| No. Stories | 2 |
| Year Built/Renovated | 1995/2021 |
| Parking Ratio | 2.56/1,000 SF |
| Zoning | IR - Industrial Recreational |
Amenities
- Wheelchair Accessible
- Smoke Detector
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Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (79)
Property Taxes
| Parcel Number | 117-251-35 | Improvements Assessment | $290,688 |
| Land Assessment | $2,413,311 | Total Assessment | $2,703,999 |
Property Taxes
Parcel Number
117-251-35
Land Assessment
$2,413,311
Improvements Assessment
$290,688
Total Assessment
$2,703,999
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308 E 18th St
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