1
Map
$869,000
●
House -
Off Market
185 Rochester Street
Costa Mesa, CA 92627
2 Beds
1 Bath
880 Ft²
$1,279,705
RealtyHop Estimate
42.19%
Since May 1, 2020
National-US
Primary Model
About This Property
This charming Eastside Costa Mesa cottage sits on an impressive
6,345 square foot lot zoned R2-HD (Multiple – Family Residential,
High Density). The two bedroom, one bath residence went thru
an extensive renovation in 2006 which included, upgraded kitchen
with concrete countertops, Jeld Wen dual pane windows, hardieplank
exterior siding, recessed lighting, and solid core
interior/exterior doors. The huge back yard offers endless
possibilities to build or do an addition. Other impressive
upgrades include air conditioning, indoor laundry room, and
upgraded bathroom. The home is locate roughly five minutes
away from the beach, in the Newport-Mesa School district, and
walking distance to all the hip restaurants 17th street has to
offer. Whatever your plans are, this is one home you do not
want to miss!
Unit Size
880 Ft²
Days on Market
150 days
Land Size
0.15 acres
Price per sqft
$1,023
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1924
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (CRMLS #NP19256804)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Nov 20, 2020 | In contract | - | |
| In contract | |||
| Nov 18, 2020 | Relisted | $989,000 | |
| Relisted | |||
| Nov 17, 2020 | No longer available | - | |
| No longer available | |||
| Oct 31, 2020 | No longer available | - | |
| No longer available | |||
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Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
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HOA + Taxes
About Costa Mesa
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Listed by: Christopher Maddy, Villa Real Estate
Last Updated: 5 months ago
Data Source: CRMLS, MLS# NP19256804
Last Updated: 5 months ago
Data Source: CRMLS, MLS# NP19256804
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