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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$2,999,995

Est. payment - /mo

7,705 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Eastside South (Escm)

MLS Listing ID OC26182296

HOA Y/N No

Year Built 1962

Lot Size 7,705 Sqft

Property Sub-Type Quadruplex

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 property in one of Costa Mesa's most desirable rental markets.

Location

State CA

County Orange

Area C5 - East Costa Mesa

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Appliance Dryer, Washer

Laundry Common Area, Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Stacked

Exterior

Carport Spaces 7

Pool None

Community Features Biking, Curbs, Dog Park, Golf, Gutter(s), Park, Storm Drain(s), Street Lights, Suburban, Sidewalks

Roof Type Composition

Total Parking Spaces 9

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 42541507

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Jamie Pirritano The L3 714-356-3573, DRE #02032331

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California 92625, USA

180 Rochester ST Costa Mesa, CA 92627

Ernie Caponera

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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180 Rochester ST