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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

Property Facts

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
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
117-251-35
Land Assessment
$2,413,311
Improvements Assessment
$290,688
Total Assessment
$2,703,999
  • Listing ID: 39466274

  • Date on Market: 2/17/2026

  • Last Updated:

  • Address: 308 E 18th St, Costa Mesa, CA 92627

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