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Listed by Andre White • Pacific Sotheby's Int'l Realty
$2,395,000
Est. payment /mo
4,670 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 4,670 sqft
Price per Sqft $512
MLS Listing ID CRNP25257489
HOA Y/N No
Year Built 1964
Lot Size 6,534 Sqft
Property Sub-Type OTHER
Source Datashare California Regional
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
Interior
Heating Forced Air
Cooling No Air Conditioning
Flooring Laminate
Fireplace No
Laundry Common Area
Building
Lot Description Other
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