180 Rochester Street,Costa Mesa, CA 92627
Costa Mesa, CA 92627
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 property in one of Costa Mesa’s most desirable rental markets.
Details
| MLS # | OC26182296 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1962 |
| Days On Site | 9 |
| Listing Provided By | The L3 | Jamie Pirritano |
Features
| SQ Feet | 3,325 |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Acreage | 0.18 |
| Golf Course | Yes |
Interior
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Appliances | Dryer, Washer |
Exterior
| Roof | Composition |
|---|---|
| Lot Features | Zero To One Unit Acre |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Biking, Curbs, Dog Park, Golf, Gutters, Park, Storm Drains, Street Lights, Suburban, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Orange |
| City | Costa Mesa |
| Zip Code | 92627 |
| Area | C5 East Costa Mesa |
| Community Name | Eastside South (ESCM) |
| Listing VS Median (in Eastside South (ESCM)) | |
Price: $2,999,995 low | high Med: $2,999,995 sqft: 3,325 low | high Med: 3,325 $ / sqft: $902 low | high Med: $902 On site: 9 low | high Med: 9 | |
Market Activity 92627
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Learn More About This Property
| State | CA |
|---|---|
| County | Orange |
| City | Costa Mesa |
| Zip Code | 92627 |
| Area | C5 East Costa Mesa |
| Community Name | Eastside South (ESCM) |
| Listing VS Median (in Eastside South (ESCM)) | |
Price: $2,999,995 low | high Med: $2,999,995 sqft: 3,325 low | high Med: 3,325 $ / sqft: $902 low | high Med: $902 On site: 9 low | high Med: 9 | |
 | $4,000,000220 Knox PlaceCosta Mesa, CA 92627 |