x
Address
166 Rochester Street Costa Mesa, CA
Price
$ 2,350,000
Property Attributes
  • MLS#CV19008858
  • TypeIncome
  • CountyORANGE
  • CityCosta Mesa
  • AreaEast Costa Mesa
  • NeighborhoodEastside South
  • Zip92627
  • Style
  • Price$ 2,350,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4442
  • Lot Size7,004 SqFt
Listing Provided Courtesy Of:
EDWARD PAN with MARCUS & MILLICHAP.
Property Description

Brand New Construction! Completed in 2018. Two separate large homes on one lot. One home is 4 Bed/3.5 Bath, approx 2393 SF, renting for $5,395/mo. The 2nd home is 3 Bed/2.5 Bath, approx 2049 SF, asking rent $4,600/mo. All bedrooms are located upstairs in both homes, have nine-foot ceilings, & custom made eight-foot interior doors. Custom made wood kitchen cabinets, new slide-in gas range, and other stainless steel kitchen appliances. The subject property offers No Mello Roos and No HOA which offers new owner lower property tax and monthly expense. In addition, each unit can be sold separately which give new ownership a flexible option as an exist strategy for the investment. Located within minutes from the beach and adjustment to the city of Newport Beach, the subject property offers easy access to the California State Route 55, Interstate 405, and Pacific Cost Highway. The building is also within walking distance to The Triangle and minutes drive from Fashion Island, South Coast Plaza, UC Irvine and John Wayne Airport. This investment offers a once in a lifetime opportunity to acquire a brand new investment property in one of the most sought after cities in Orange County. Due to it’s ideal location and the age of the building, this investment can sustain it’s value by maintaining a strong rental demand and be able to weather any type of the real estate market change.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
1/11/2019 Listed $2,350,000

General Features

Attached Structure Detached
Community Features Sidewalks, Street Lighting
Directions CA 55 South, Left turn to Rochester Street
HOA Fee 0.00
Levels Two
Listing Agent EDWARD PAN - BRE#01894476
Listing Agent State License 01894476
MLS Area C5 - East Costa Mesa
Price Per Square Foot 529.04
Special Listing Conditions Standard
Subdivision Eastside South (ESCM)
Subdivision Name Eastside South (ESCM)
Total Units 2

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Air Conditioning Y/N Yes
Appliances Built In Range, Dishwasher, Garbage Disposal, Gas Stove, Microwave, Tankless Water Heater, Water Heater Unit
Appliances Y/N Yes
Common Walls No Common Walls
Cooling Central
Fireplace Features None
Heating Central Furnace
Heating Y/N Yes
Laundry Features On Upper Level
Laundry Y/N Yes
Room Type All Bedrooms Up, Kitchen, Laundry, Living Room, Loft, Master Bedroom, Master Suite, Walk-In Closet
Studio Area Unit Type Square Feet
Total Stories 2

Exterior Features

Building Area Total 4442.00
Garage Spaces 2.00
Lot Features 0-1 Unit/Acre
Lot Size Acres 0.1608
Lot Size Area 7004.0000
Lot Size Source Assessor
Lot Size Square Feet 7004.00
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 2
Number of Separate Water Meters 2
Parking Features Garage - Front Entry
Parking Y/N Yes
Pool Features None
Road Frontage Type City Street
Road Surface Type Maintained, Paved
Roof Composition, Shingle
Sewer Public Sewer
Total Parking 2.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92627

Price
AVG $3.06M
$2.35M
Visits
AVG 75
4
Year Built
AVG 1963
2018
Walkscore
AVG 57
88

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