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Patricia Beattie

patricia@brivio.com +1(415) 286-8292

$2,999,995

Est. payment - /mo

2 Beds

1 Bath

7,706 Sqft Lot

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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

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Listed by Jamie Pirritano, DRE#02032331 The L3

Nearby School & Business

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Patricia Beattie

+1(415) 286-8292

Broker License ID: 01405369

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180 Rochester Street Costa Mesa, CA 92627

Patricia Beattie

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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