166 Rochester Street, Costa Mesa, CA 92627

$2,350,000
4,442
SqFt
List Price
$2,350,000
Status
ACTIVE
MLS#
CV19008858
Year Built
2018
Living Sq. Ft
4,442
Lot Size
7,004
Lot Location
0-1 Unit/Acre
Days on Market
5
Property Type
Multifamily
Stories
Two Level
Neighborhood
Eastside South (Escm)

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.

Additional Information

Tract Number
442
Lot Description
Sidewalks, Street Lighting
Appliances
Built In Range, Dishwasher, Garbage Disposal, Gas Stove, Microwave, Tankless Water Heater, Water Heater Unit
Pool Description
None
Fireplace Description
None
Heat
Central Furnace
Cooling
Yes
Cooling Description
Central
Roof
Composition, Shingle
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
Attached Structure
Detached

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of EDWARD PAN from MARCUS & MILLICHAP

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.