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$2,999,995
OC26182296 MLS ⋅ Active Under Contract Status
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.

180 Rochester Street, Costa Mesa
$3,199,000
PW26165836 MLS ⋅ Active Status
Exceptional four-unit investment opportunity on an expansive 11,000+ square foot lot in one of Costa Mesa's most desirable rental markets. Fully occupied and generating immediate cash flow, this rare offering combines stable income, significant value-add potential, and exceptional long-term appreciation. All four units are currently leased, providing strong in-place income, with two recently renovated units and a long-term tenant contributing to stable occupancy. Investors can enjoy dependable cash flow today while benefiting from future rental growth as units turn over. Beyond its current income, the property's greatest asset is its oversized 11,000+ square foot lot and eight detached garages, creating exciting possibilities for ADU conversions or other future development opportunities (buyer to verify with the City of Costa Mesa). Whether your investment strategy is to maximize rental income, add value through future improvements, or capitalize on the property's redevelopment potential, this unique asset offers flexibility rarely found in coastal Orange County. Ideally located just minutes from Orange Coast College, Newport Beach, John Wayne Airport, Kaiser Permanente, the popular 17th Street dining and shopping district, Triangle Square, and the 55, 73, and 405 Freeways, the property enjoys exceptional convenience and consistently strong tenant demand. Investment opportunities offering this combination of immediate cash flow, an oversized lot with potential ADU opportunities, and a premier Costa Mesa location are exceptionally rare. Whether you're expanding your portfolio or securing a legacy investment with multiple paths for future growth, this property delivers the income, location, and upside today's investors are seeking.

2653 Santa Ana, Costa Mesa
$3,900,000
NP26128800 MLS ⋅ Active Under Contract Status
Exceptional opportunity to acquire two adjacent fourplexes (136 & 132 E. Bay St.) being offered together as one premier 8-unit multifamily investment in the highly sought-after Eastside Costa Mesa market. Properties of this size and quality rarely become available in one of Orange County's most desirable rental locations. Together, the properties feature eight well-designed units consisting of four 2-bedroom, 1-bath residences and four comfortable 1-bedroom, 1-bath residences, offering an ideal mix that appeals to a broad tenant base. Each property provides a garage space, additional uncovered parking to be allocated, on-site laundry, the lower units feature outdoor living areas, creating a desirable living environment for residents while minimizing vacancy. The buildings are up to code and have verified SB721 inspection reports for the stairs and patios. Ideally located just minutes from Newport Beach, Triangle Square, the Back Bay, the 55 Freeway, John Wayne Airport, and the area's premier shopping, dining, and entertainment, the properties enjoy strong rental demand driven by their exceptional coastal location. Whether you're seeking stable cash flow with long-term appreciation potential or an opportunity to enhance value through strategic renovations, rental increases and possible ADU additions above the garages this offering delivers exceptional flexibility. The combined eight-unit configuration provides operational efficiencies while maintaining the appeal of smaller residential properties.

136 E Bay, Costa Mesa

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.