NOT LISTED FOR SALE
2 Beds
1 Bath
3,325 Sq Ft
7,706 Sq Ft Lot

Sale Details

Date Sold: February 20, 2024

Last sale price $2,445,000 $735 Per Sq Ft

10 Days on Market

Highlights

  • Golf Course Community
  • Open Floorplan
  • Living Room
  • Kaiser Elementary School Rated A
  • Contemporary Architecture
  • Park

About This Home

As of February 2024

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.

Last Agent to Sell the Property

Michael Johnson

Compass License #01429647 Listed on: 01/24/2024

Compass

Last Buyer's Agent

Jamie Pirritano

The L3 License #02032331

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 7,706 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard
  • Density is 2-5 Units/Acre

Home Design

  • Contemporary Architecture
  • Quadruplex
  • Turnkey

Interior Spaces

  • 3,325 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Living Room
  • Laminate Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Parking

  • 6 Open Parking Spaces
  • 9 Parking Spaces
  • 3 Carport Spaces
  • Parking Available

Accessible Home Design

  • More Than Two Accessible Exits

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 442
  • Assessor Parcel Number 42541507

Community Details

Overview

  • 4 Units
  • Eastside South Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community
  • Park
  • Dog Park
  • Bike Trail

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $360
  • Fuel Expense $1,220
  • Insurance Expense $2,100
  • Water Sewer Expense $1,200
  • Operating Expense $400
  • Gross Income $129,360
  • Net Operating Income $124,080

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

7,706 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Eastside South (ESCM)
  • View: No
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 42541507
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Interior Amenities: Open Floorplan
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Accessibility Features: 2+ Access Exits
  • Levels: Two
  • Price Per Square Foot: 735.34
  • Room Type: Living Room, Primary Bedroom

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Dog Park, Golf, Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard
  • Lot Size Sq Ft: 7706.00
  • Lot Size Acres: 0.1769

Multi Family

  • Electric Expense: 360.00
  • Fuel Expense: 1220.00
  • Gross Income: 129360.00
  • Gross Scheduled Income: 129360.00
  • Insurance Expense: 2100.00
  • Laundry Income: 1200.00
  • Lot Size Area: 7706.0000 Square Feet
  • Net Operating Income: 124080.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 5280.00
  • Rent Control: No
  • Total Expenses: 400.00

Tax Info

  • Tax Census Tract: 633.01
  • Tax Lot: 20
  • Tax Tract Number: 442

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2024
Closed on
Feb 14, 2024
Sold by
Bought by
Seller's Agent
Michael Johnson
Compass
Buyer's Agent
Jamie Pirritano
The L3
List Price
$2,540,000
Sold Price
$2,445,000
Premium/Discount to List
-$95,000
-3.74%
Views
24

Purchase Details

Listed on
Oct 23, 2020
Closed on
Nov 17, 2020
Sold by
Bought by
Seller's Agent
Melissa Barnes
Compass
Buyer's Agent
Michael Johnson
Compass
List Price
$1,850,000
Sold Price
$1,865,000
Premium/Discount to List
$15,000
0.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.04%

Purchase Details

Closed on
May 13, 2017
Sold by
Bought by

Purchase Details

Listed on
Dec 20, 2013
Closed on
Jan 3, 2014
Sold by
Bought by
Seller's Agent
Jack Gifford
RE/MAX Fine Homes
Buyer's Agent
Tim Carr
Pacific Sotheby's Int'l Realty
List Price
$1,147,000
Sold Price
$1,075,000
Premium/Discount to List
-$72,000
-6.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Interest Rate
0.0349%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 7, 2004
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,445,000 Lawyers Title
$1,865,000 Chicago Title Company
-- None Available
$1,075,000 Pacific Coast Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $575,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/20/2024 02/20/24 Sold $2,445,000 -3.7% $735 / Sq Ft
02/03/2024 02/03/24 Pending -- -- --
01/24/2024 01/24/24 For Sale $2,540,000 +36.2% $764 / Sq Ft
01/05/2021 01/05/21 Sold $1,865,000 +0.8% $561 / Sq Ft View Prior Sale
10/23/2020 10/23/20 For Sale $1,850,000 +72.1% $556 / Sq Ft
01/29/2014 01/29/14 Sold $1,075,000 -6.3% $323 / Sq Ft View Prior Sale
01/01/2014 01/01/14 Pending -- -- --
12/20/2013 12/20/13 For Sale $1,147,000 -- $345 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $23,747 $2,493,900 $2,277,415 $216,485
2024 $23,747 $1,979,152 $1,766,911 $212,241
2023 $23,027 $1,940,346 $1,732,266 $208,080
2022 $22,464 $1,902,300 $1,698,300 $204,000
2021 $15,050 $1,217,443 $1,105,324 $112,119
2020 $14,849 $1,204,960 $1,093,990 $110,970
2019 $14,520 $1,181,334 $1,072,539 $108,795
2018 $14,223 $1,158,171 $1,051,509 $106,662
2017 $13,994 $1,135,462 $1,030,891 $104,571
2016 $13,708 $1,113,199 $1,010,678 $102,521
2015 $13,580 $1,096,478 $995,496 $100,982
2014 $12,495 $1,075,000 $979,053 $95,947
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG24013582

California Regional Multiple Listing Service (CRMLS)

APN: 425-415-07

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