994 Valencia Street Pending Save Request In-Person Tour Request Virtual Tour
Costa Mesa,CA 92626
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 5,267 sqft
Price per Sqft $642
MLS Listing ID CROC25221298
Year Built 1964
Lot Size 6,719 Sqft
Property Sub-Type Other
Property Description
Offered at $3,385,000, this 6-unit multifamily property in Costa Mesa provides a strong turn-key opportunity in a supply-constrained market. Originally constructed in 1964 as a 4-plex, the building was expanded in the past year with the addition of two brand-new ADUs completed in 2025. The property now totals 5,267 SF and has been extensively renovated with over $750,000 in recent improvements, including modern unit interiors and durable finishes. The unit mix includes studio, one-, two-, and three-bedroom layouts, designed to capture a wide range of tenant demand. With current rents already strong and additional upside available, investors can benefit from both immediate income and long-term appreciation. Located near South Coast Plaza, The Camp, and major transportation corridors, the property combines stable tenant demand with proven rental performance, making for a strategic investment in a highly sought-after Orange County submarket.
Location
State CA
County Orange
Zoning R-3
Interior
Heating Other
Cooling Other,Wall/Window Unit(s)
Flooring Vinyl
Laundry Common Area,Other,Inside
Exterior
View Y/N true
View Other
Building
Lot Description Other
New Construction No