31
See all 31 photos
$2,999,995
Est. payment /mo
2 Beds
1 Bath
7,706 Sqft Lot
New
180 Rochester Street Costa Mesa, CA 92627
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Eastside South (Escm)
MLS Listing ID OC26182296
Bedrooms 2
Lot Size 7,706 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Rare opportunity to acquire a fully occupied and extensively improved fourplex in highly coveted Eastside Costa Mesa. 180 Rochester Street features four matching two-bedroom, one-bath residences, providing an efficient and highly marketable unit mix with immediate rental income from day one. Each residence offers contemporary kitchens and bathrooms, upgraded flooring, doors, recessed lighting, appliances and design-forward finishes. Extensive remodeling and capital improvements completed between 2020 and 2026 include the roof, windows, interior and exterior walls, drain systems, fencing, landscaping, driveway and hardscape, substantially reducing near-term capital needs. Additional features include separate utility metering and a dedicated common laundry room. Parking is exceptional for the area, with a carport providing covered parking for up to seven vehicles and space for nine vehicles onsite in total. The property contains approximately 3,325 square feet of building area on an approximately 7,706-square-foot lot. Located within walking distance of the 17th Street corridor and close to the dining, shopping, recreation, Newport Beach access and lifestyle destinations that define Eastside Costa Mesa. With all four units currently occupied, the property offers a strong existing rent roll, immediate income and compelling long-term upside through future rent growth, continued tenant demand and the enduring value of a scarce four-unit Eastside asset. An ideal opportunity for a 1031-exchange buyer, private investor or long-term owner seeking a turnkey residential income propert
Location
State CA
County Orange
Zoning Public Rec
Direction From Newport Blvd. Turn onto Rochester. Property is on the left side before Orange Ave.
Interior
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 42541507
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by Jamie Pirritano, DRE#02032331 The L3
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION