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Listed by Andre White • Pacific Sotheby's Int'l Realty
$ 2,395,000
Est. payment /mo
Active
1016 Valencia Street Costa Mesa, CA 92626
4,670 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 4,670 sqft
Price per Sqft $512
MLS Listing ID NP-25257489
Year Built 1964
Lot Size 6,534 Sqft
Property Sub-Type Commercial/Residential
Source California Regional Multiple Listing Service (CRMLS)
Property Description
We are proud to present 1016 Valencia Street, a 4-unit apartment buildings, located in the heart of Costa Mesa—one of Southern California's most desirable coastal housing markets. This turnkey multifamily investment consists of four fully rented 3-bedroom, 2-bathroom units, offering a strong blend of immediate income and long-term upside. The property sits on a 6,534 square foot lot and includes 4,670 square feet of building space. A lushly landscaped central courtyard creates a welcoming and private environment for residents, while recent renovations to both the interior and exterior enhance the overall appeal. The units feature modern updates such as vinyl plank flooring, stainless steel appliances, updated cabinetry and countertops, and open-concept kitchens. Recent improvements include new staircases and sewer line. The property provides ample parking with four single-car garages and three uncovered spaces, along with on-site laundry for added tenant convenience. Most of the units are currently leased close to market rents, reflecting the high quality of the renovations and the desirability of the location. This is an excellent opportunity to acquire a well-maintained, income-generating property in a prime Costa Mesa location.
Location
State CA
County Orange
Area C4 - Central Costa Mesa
Interior
Heating Forced Air
Flooring Laminate
Laundry Community
Exterior
Exterior Feature Rain Gutters
Garage Spaces 4.0
Pool None
Community Features Sidewalks, Street Lights
Utilities Available Electricity Connected
Building
Lot Description Level with Street
Sewer Sewer Paid