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.
East 17th Street, located between Newport Boulevard and Irvine Avenue, is a retail and residential Costa Mesa neighborhood with a walkable commercial strip and mid-century side streets. The neighborhood’s character concentrates around the 17th Street and Orange Avenue corridor, where patios, espresso bars, and design-forward boutiques line the blocks. Low-slung ranch homes and tidy apartment courts sit behind the storefronts, giving the area a lived-in, coastal-plain feel. The LAB Anti-Mall and The CAMP set a creative tone with independent shops, food counters, and outdoor hangouts. Nearby, OC Fair & Event Center adds a seasonal pulse of concerts and fairs. Sidewalks and bike lanes link the strip to pocket parks and nearby schools.
Provided by Walk Score and Local Logic
Offer insights
180 Rochester St · $2,999,995
$3M and above
75% chance or better to win
Why $3M+ is a strong offer
DAYS ON MARKET
29 days
The average home goes pending in 59 days.
SALE-TO-LIST
96.0%
Most homes are selling 4% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Two-level property with main entry on the side
Bedrooms
Four total residential units; typical unit configuration includes 2-bedroom units
Bathrooms
Units include full bathrooms (1 full bath per unit listed)
Kitchen
Each unit equipped with range
Each unit has a refrigerator
Each unit includes a dishwasher
Each unit includes a disposal
Laundry & utility
On-site laundry available (community laundry area)
Washer and dryer included in units; hookups for gas and electric dryers; stackable washer/dryer capability
Heating & cooling
Wall heating in units
Exterior features
No pool
Neighborhood amenities include gutters, curbs, sidewalks, street lighting, storm drains, dog park, biking routes, park access, golf course nearby, suburban setting
Home design
Low-rise multi-unit building (1 building, 2 stories total)
No shared/common walls between separate structures
Parking
Two uncovered parking spaces
Seven carport spaces (total 9 parking spaces)
Construction
Composition roof
Building constructed and year sourced from public records
Utilities
Public sewer
District/public water
Separate gas and electric meters for each unit (4 separate gas meters, 4 separate electric meters)
Financial info
Total of 4 residential units with 4 leased units reported
Gross scheduled income and gross income listed as $151,020
Actual total rent reported as $12,585
Net operating income reported as $95,602
Operating expenses reported as $55,418; listed expense items include insurance ($8,677), water/sewer ($117), trash ($100)
Tenants pay insurance, gas, cable TV, and electricity
Other
Total building area reported as 3,325 (unit of measure from listing)
Average 2-bed unit area listed as 832 (unit of measure from listing)
Electricity and solar
View estimated energy costs and solar savings for this home
Perfectly situated in Eastside Costa Mesa, 180 Rochester is a charming four unit updated investment property central to all the good stuff. Each of the comfortable two bedroom apartments lives well, with the kitchen open to the living space – all updated within the last five years. Plenty of on-site parking, and the units have proven popular when they are available. Each unit is individually metered, laundry is common. This is one of those ‘plum’ hardworking investment properties that are an easy addition to any investment portfolio. Just a short distance away from the triangle, 17th street, restaurants, and shopping, 180 Rochester is truly in the ‘sweet-spot’ of Costa Mesa. It is also located within the enviable Newport-Mesa School district. Don’t miss out on this incredible investment opportunity.
CRMLS #LG24004948
Feb 24, 2024
Rental Removed
$3,400
$1/sq ft
Jan 10, 2024
Listed for Rent
$3,400
$1/sq ft
CRMLS #NP20223009
Jan 5, 2021
Sold
$1,865,000
$561/sq ft
Oct 28, 2020
Contingent
—
Oct 23, 2020
Listed
$1,850,000
$556/sq ft
Turnkey Eastside Costa Mesa 4-plex two blocks from 17th Street! Bring your most discerning buyers, to say this property resonates pride of ownership is an understatement! Four, 2 bedroom, 1 bath units have been renovated from top to bottom. All new kitchens and baths, new grey laminate flooring throughout, new windows, new doors, new baseboards, new interior and exterior paint, new recessed lighting, new roof, new vinyl fencing, new landscaping and more. The 4, all new, open kitchens feature grey quartz countertops, white subway tile back splash, floating shelves, all new stainless steel appliances, gas cooktops and new white cabinetry. Bathrooms have black granite vanities and new white subway tile which runs from the floor to ceiling. All units have ceiling fans in bedrooms. Additionally, there is parking for 8 cars onsite, and current owners have even replaced old concrete drive with new. Units are individually metered, and there is an onsite laundry room. All tenants are well qualified and all rents have been received in full through COVID. DRIVE BY ONLY - INSPECTION WITH ACCEPTED OFFER Sale is subject to Seller securing replacement property which has been identified. Buyers to cooperate in 1031 tax deferred exchange at no cost to buyer.
CRMLS #NP14026197
Feb 6, 2014
Listed
$1,147,000
$345/sq ft
Jan 29, 2014
Sold
$1,075,000
$323/sq ft
Public Records
Jan 29, 2014
Sold
$1,075,000
$323/sq ft
CRMLS #PW13250767
Feb 6, 2014
Listing Removed
—
Jan 29, 2014
Pending
—
Jan 3, 2014
Pending
—
Dec 20, 2013
Listed
$1,147,000
$345/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$29,241 (+23.1%)
$2,277,415 + $216,485
$2,493,900
2024
$23,747 (+3.1%)
$2,277,415 + $216,485
$2,493,900
2023
$23,027 (+2.5%)
$1,766,911 + $212,241
$1,979,152
2022
$22,464 (+49.3%)
$1,732,266 + $208,080
$1,940,346
2021
$15,050 (+1.4%)
$1,698,300 + $204,000
$1,902,300
2020
$14,849 (+2.3%)
$1,105,324 + $112,119
$1,217,443
2019
$14,520 (+2.1%)
$1,093,990 + $110,970
$1,204,960
2018
$14,223 (+1.6%)
$1,072,539 + $108,795
$1,181,334
2017
$13,994 (+2.1%)
$1,030,891 + $104,571
$1,135,462
2016
$13,708 (+0.9%)
$1,030,891 + $104,571
$1,135,462
2015
$13,580 (+8.7%)
$1,010,678 + $102,521
$1,113,199
2014
$12,495 (+123.0%)
$979,053 + $95,947
$1,075,000
2013
$5,604 (+1.5%)
$979,053 + $95,947
$1,075,000
2012
$5,522 (+2.0%)
$206,650 + $140,420
$347,070
2011
$5,416 (+1.7%)
$202,598 + $137,667
$340,265
2010
$5,327 (+1.1%)
$198,626 + $134,968
$333,594
2009
$5,266 (+2.9%)
$197,141 + $133,960
$331,101
2008
$5,116
$197,610 + $134,279
$331,889
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
7,706 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Other
County
Orange County
APN
42541507
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 23, 2026.
R2-HD
Multiple-Family Residential District, High Density
This district is intended to promote the development of multi-family rental as well as ownership dwelling units on lots with a minimum size of 12,000 sq ft. The maximum density allowed is 3,000 sq ft per dwelling unit, which equals 14.52 du per gross acre.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Local insights from Redfin agents
Eastside Costa Mesa is loved for being that much closer to Newport & its a mecca of eateries, shopping, highly rated schools, & a trendy elevated vibe. Walkability in some pockets can be a 10, outdoor activities & parks are amazing. Every street can...
be different, a $4m home next to a 1960's cottage!
Costa Mesa is known for its urban lifestyle with an artistic flare. Costa Mesa is home to the Segerstrom Center of Arts which host broadway productions , concerts and more. Down the street you have South Coast Plaza which is one of the most luxury...
Redfin Premier agent • Principal Listing Specialist
331 deals
Was this helpful?
From the classic charm of Eastside to the industrial-chic energy on the Westside, Costa Mesa has a neighborhood personality for everyone. Top it off with South Coast Metro's arts district and world-class dining, and you get a city that feels both...